Managed Equipment Services (MES) Market By Engagement Model (On-Demand MES, End-To-End MES) - Growth, Share, Opportunities & Competitive Analysis, 2020 -2027

Managed equipment service refers to a specialized partnership with a third party service provider who manages all medical equipment concerns including purchase, ownership, provision, installation & maintenance, training, asset management and others. Simply put, MES is a bundle of services comprising management, maintenance, replacement and upgrades of equipment in an organization. The MES contract typically ranges over a period of 10–25 years or even longer. This, however, significantly adds up to the overall solution cost of MES.

The most significant factor fueling the MES market growth is the overall rising healthcare industry along with the penetration of high-tech medical devices, globally. Ongoing innovation and development of advanced medical equipment continue to offer healthcare organizations with better capabilities and higher level of accuracy in medical diagnostics and care delivery. However, the acquisition of the latest and state of art equipment leads to humongous capital investments for the hospitals. In addition, with dynamic requirements and changes in demand for various healthcare services, medical equipment are rendered to become short lived.

Moreover, procurement, maintenance and servicing of the latest medical equipment requires detailed technical knowledge in various aspects such as product design, operation, capabilities and functions. Thereby, hospitals face immense financial and technical challenges when it comes maintaining an in-house team of experts for medical equipment procurement, maintenance and replacement. MES has emerged as one of the most effective solutions providing healthcare organizations a feasible way of procuring medical equipment and related services.

Implementing MES can save upto 20-25% of its overheads on equipment as compared to the traditional manual management. Over the period of time, MES has witnessed significant adoption (majorly in the U.S. and Western Europe) due to poor capital expenditure planning, insufficient service management and need for maintaining upgraded equipment in organizations. With the rising overall healthcare IT spending, the demand for MES is estimated to rise significantly during the forecast period. 

The report titled “Global Managed Equipment Services Market- Growth, Future Prospects and Competitive Analysis, 2020 – 2027” offers strategic insights into the global managed equipment services market along with the market size and estimates for the duration 2018 to 2027. The said research study covers in-depth analysis of market segments based on engagement model and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2019 & 2027. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading managed equipment services vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Siemens Healthcare GmbH, GE Healthcare, Toshiba Medical Systems Europe B.V., Koninklijke Philips NV, Stryker Corporation, Cardiac Services, Inc., Olympus Corporation, Healthcare Technologies International, Asteral Ltd., ClearMedi Healthcare Pvt. Ltd., Serco Group and others. Other in-depth analysis provided in the report includes: