The Europe medical equipment maintenance market is projected to grow from US$ 4,740.94 million in 2018 to US$ 9,953.13 million by 2027, at a compound annual growth rate (CAGR) of 8.7% from 2019 to 2027.
This growth is primarily driven by the rising prevalence of chronic diseases, the increasing volume of medical equipment in use, and the growing adoption of refurbished medical systems. However, stringent regulatory policies are expected to pose challenges to market expansion in the coming years.
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Refurbishment refers to the systematic process of restoring used medical equipment to like-new condition—or better. In the healthcare context, refurbishing extends the lifespan of devices from a typical 5–7 years to 10–14 years or more, aligning with sustainability goals by promoting reuse and reducing waste. Hospitals, as the primary end-users of capital-intensive medical equipment, are becoming more cost-conscious due to economic pressures and the rising costs associated with healthcare delivery. These financial constraints are influencing both the demand for and characteristics of medical devices.
According to COCIR, approximately 95% of medical technology companies in Europe are small and medium-sized enterprises (SMEs) with fewer than 250 employees. In 2015, refurbished diagnostic imaging systems represented 75.5% of the global demand for refurbished medical devices, highlighting their growing role in healthcare systems. This trend is expected to drive further growth in the medical equipment maintenance market.
Germany is anticipated to lead the European market due to its robust medical device industry, high prevalence of chronic diseases, and the presence of numerous well-established players in the medical equipment sector. Given these factors, Germany’s medical equipment maintenance market is expected to expand significantly during the forecast period.
Europe Medical Equipment Maintenance: Strategic Market Insights
Strategic insights into the Europe medical equipment maintenance sector deliver a comprehensive, data-backed view of the competitive landscape, highlighting prevailing trends, leading players, and region-specific dynamics. These insights provide practical guidance for stakeholders aiming to gain a competitive edge by uncovering underserved segments or crafting differentiated value propositions. Through the power of advanced data analytics, industry participants—ranging from investors to OEMs—can better anticipate emerging market movements and adapt proactively. With a forward-looking approach, these insights support long-term strategic planning and resilience in a rapidly evolving environment. Ultimately, such intelligence equips decision-makers with the tools to optimize performance, maximize ROI, and achieve sustainable growth within this critical healthcare market.
Market leaders and key company profiles
ï‚· Boston Scientific Corporation
ï‚· Stryker
ï‚· Medtronic
ï‚· Edward Lifesciences Corporation
ï‚· Johnson & Johnson Services, Inc.
ï‚· Abbott
ï‚· Terumo Corporation
ï‚· B. Braun Melsungen AG
ï‚· Aramark
ï‚· Althea Group
Europe Medical Equipment Maintenance Regional Insights
The geographic scope of the Europe Medical Equipment Maintenance refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
