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

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Market Insights

Managed equipment service refers to a specialized partnership with a third-party service provider that manages all medical equipment concerns, including purchase, ownership, provision, installation and 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 is typically for 10 to 25 years or even longer. This, however, significantly adds to the overall solution cost of MES.

The most significant factor fueling the MES market’s 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 better capabilities and a higher level of accuracy in medical diagnostics and care delivery.

However, the acquisition of the latest and state-of-the-art equipment leads to humongous capital investments for the hospitals. Furthermore, due to changing demand and dynamic requirements for various healthcare services, medical equipment is becoming obsolete.

Moreover, procurement, maintenance, and servicing of the latest medical equipment require 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 to 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 with a feasible way of procuring medical equipment and related services.

Implementing MES can save up to 20–25% of its overhead on equipment as compared to traditional manual management. Over a period of time, MES has witnessed significant adoption (mostly in the U.S. and Western Europe) due to poor capital expenditure planning, insufficient service management, and the need for maintaining upgraded equipment in organizations. With rising overall healthcare I.T. 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 of 2018–2027.

The said research study covers an in-depth analysis of market segments based on an engagement model and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2019 and 2027. The report also provides a prolific view of 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 (Strengths, 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, Astral Ltd., ClearMedi Healthcare Pvt. Ltd., Serco Group, and others.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the managed equipment services industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2018–2019)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global managed equipment services market, offering market size and estimates for the period from 2020 to 2027, keeping in mind the above-mentioned factors.

Based on the engagement models, the global managed equipment services (MES) market is segmented into the following categories:

  • On-demand MES
  • End-to-end MES

As of 2019, the global MES market was dominated by the end-to-end engagement model. The segment contributed to more than fifty percent of the global market revenue in the same year. End-to-end MES refers to a set of managed services that encompasses the entire service portfolio related to the equipment of any organization. Since these solutions include all of the equipment- and technology-related processes, consumer organizations have plenty of room for further streamlining their internal processes, thereby achieving significant cost savings.

Factors such as the need for comprehensive procurement of medical equipment and the inclusion of all types of associated services have contributed to the higher adoption of the end-to-end model among hospitals. However, with changing medical requirements and technological advancements in medical devices, the on-demand engagement model for various MES contracts is expected to witness strong growth during the forecast period.

Based on geography, the global managed equipment services (MES) market is segmented into the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

The global managed equipment services market is dominated, in terms of revenue and adoption, by the North American region. The region is mainly backed by the U.S., which has stringent regulations on healthcare facilities as well as organizations. Healthcare organizations and facilities across the U.S. and Canada have a strong penetration of MES solutions. The region witnesses the presence of two major Europe-based companies, viz., Siemens Healthineers and Koninklijke Philips NV.

Europe follows North America in terms of revenue and adoption, accounting for the second-largest share worldwide. The two regions, collectively, are estimated to retain their dominant position in the market throughout the forecast period. Asia-Pacific is estimated to register the highest growth in the coming years. The market here is largely backed by Japan, South Korea, and Australia. India and China are also potential markets for MES solutions.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Managed Equipment Services Market
2.2 Global Managed Equipment Services Market, By Engagement Model, 2019, (US$ Mn)
2.3 Global Managed Equipment Services Market, By Geography

Chapter 3 Market Dynamics
3.1 Product and Market Insights
3.1.1 Global Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
3.2 Key Trends Analysis and Future Outlook
3.3 Market Drivers
3.3.1 Risk Mitigation and Reduced Capital Investments
3.3.2 Reduction in Training and Human Resource Costs
3.3.3 Steadily Rising Medical Devices Industry Worldwide
3.4 Market Restraints and Challenges
3.4.1 Financing Issues at the MES Providers’ Side
3.5 Market Opportunity
3.5.1 Healthcare Providers in Emerging Economies
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Competitive Landscape
3.7.1 Market Positioning of Key Managed Equipment Services Vendors
3.7.2 Leading player’s strategies

Chapter 4 Global Managed Equipment Services Market Analysis
4.1 Market Analysis
4.2 End-to-end MES
4.2.1 Global End-to-end MES Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
4.3 On-demand MES
4.3.1 Global On-demand MES Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

Chapter 5 North America Managed Equipment Services Market Analysis
5.1 Overview
5.1.1 North America Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
5.2 North America MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
5.2.1 Market Analysis
5.3 North America Managed Equipment Services Market Analysis, By Country, 2018 – 2027 (US$ Mn)
5.3.1 U.S.
FIG. 1 5.3.1.1 U.S. MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
5.3.2 Rest of North America
FIG. 2 5.3.2.1 Rest of North America MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)

Chapter 6 Europe Managed Equipment Services Market Analysis
6.1 Overview
6.1.1 Europe Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
6.2 Europe MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 Europe Managed Equipment Services Market Analysis, By Region, 2018 – 2027 (US$ Mn)
6.3.1 U.K.
FIG. 3 6.3.1.1 U.K. MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
6.3.2 Germany
FIG. 4 6.3.2.1 Germany MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
6.3.3 CIS
FIG. 5 6.3.3.1 CIS MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
6.3.4 Rest of Europe
FIG. 6 6.3.4.1 Rest of Europe MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)

Chapter 7 Asia Pacific Managed Equipment Services Market Analysis
7.1 Overview
7.1.1 Asia Pacific Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
7.2 Asia Pacific MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Asia Pacific Managed Equipment Services Market Analysis, By Region, 2013 – 2022 (US$ Mn)
7.3.1 China
FIG. 7 7.3.1.1 China MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
7.3.2 Japan
FIG. 8 7.3.2.1 Japan MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
7.3.3 South Asia
FIG. 9 7.3.3.1 South Asia MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
7.3.4 Australasia
FIG. 10 7.3.4.1 Australasia MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
7.3.5 Rest of Asia Pacific
FIG. 11 7.3.5.1 Rest of Asia Pacific MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)

Chapter 8 Middle East & Africa (MEA) Managed Equipment Services Market Analysis
8.1 Overview
8.1.1 MEA Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
8.2 MEA MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 MEA Managed Equipment Services Market Analysis, By Region, 2018 – 2027 (US$ Mn)
8.3.1 GCC countries
FIG. 12 8.3.1.1 GCC countries MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
8.3.2 North Africa
FIG. 13 8.3.2.1 North Africa MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
8.3.3 South Africa
FIG. 14 8.3.3.1 South Africa MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
8.3.4 Rest of MEA
FIG. 15 8.3.4.1 Rest of MEA MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)

Chapter 9 Latin America Managed Equipment Services Market Analysis
9.1 Overview
9.1.1 Latin America Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
9.2 Latin America MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
9.2.1 Market Analysis
9.3 Latin America Managed Equipment Services Market Analysis, By Region, 2018 – 2027 (US$ Mn)
9.3.1 Brazil
FIG. 16 9.3.1.1 Brazil MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
9.3.2 Mexico
FIG. 17 9.3.2.1 Mexico MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
9.3.3 Rest of Latin America
FIG. 18 9.3.3.1 Rest of Latin America MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)

Chapter 10 Company Profiles
10.1 Siemens Healthcare GmbH (Siemens Healthineers)
10.1.1 Siemens Healthcare GmbH (Siemens Healthineers): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.2 GE Healthcare
10.2.1 GE Healthcare: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.3 Toshiba Medical Systems Europe B.V.
10.3.1 Toshiba Medical Systems Europe B.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.4 Koninklijke Philips NV
10.4.1 Koninklijke Philips NV: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.5 Stryker Corporation
10.5.1 Stryker Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.6 Cardiac Services, Inc.
10.6.1 Cardiac Services, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.7 Olympus Corporation
10.7.1 Olympus Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.8 Healthcare Technologies International
10.8.1 Healthcare Technologies International: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.9 Asteral Ltd.
10.9.1 Asteral Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.10 ClearMedi Healthcare Pvt. Ltd.
10.10.1 ClearMedi Healthcare Pvt. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.11 ClearMedi Healthcare Pvt. Ltd.
10.11.1 ClearMedi Healthcare Pvt. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.12 Serco Group
10.12.1 Serco Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.13 MTS Health Ltd.
10.13.1 MTS Health Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.14 Medipass Healthcare
10.14.1 Medipass Healthcare: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

List of Figures

FIG. 1 Global Managed Equipment Services Market: Market Segmentation
FIG. 2 Global Managed Equipment Services Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Managed Equipment Services Market, By Engagement Model, 2019 (US$ Mn)
FIG. 5 Global Managed Equipment Services Market, By Geography, 2019 (US$ Mn)
FIG. 6 Global Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 7 See-Saw Analysis: Global Managed Equipment Services Market
FIG. 8 Market Positioning of Key Managed Equipment Services Providers, 2019
FIG. 9 Global MES Market Revenue Share, By Engagement Model, 2019 & 2023 (% Value)
FIG. 10 Global End-to-end MES Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 11 Global On-demand MES Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 12 North America Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 13 Europe Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 14 Asia Pacific Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 15 MEA Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 16 Latin America Managed Equipment Services Market Revenue and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Managed Equipment Services Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers
TABLE 4 Impact Analysis of Restraints
TABLE 5 Medical Devices Market in Americas, 2020 – 2020 (US$ Bn)
TABLE 6 North America MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 7 North America Managed Equipment Services Market Analysis, By Country, 2018 – 2027 (US$ Mn)
TABLE 8 U.S. MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 9 Rest of North America MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 10 Medical Devices Market in Western Europe, 2020 – 2020 (US$ Bn)
TABLE 11 Europe MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 12 Europe Managed Equipment Services Market Analysis, By Region, 2018 – 2027 (US$ Mn)
TABLE 13 U.K. MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 14 Germany MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 15 CIS MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 16 Rest of Europe MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 17 Medical Devices Market in Asia Pacific, 2020 – 2020 (US$ Bn)
TABLE 18 Asia Pacific MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 19 Asia Pacific Managed Equipment Services Market Analysis, By Country, 2018 – 2027 (US$ Mn)
TABLE 20 China MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 21 Japan MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 22 South Asia MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 23 Australasia MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 24 Rest of Asia Pacific MES Market Analysis, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 25 MEA MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 26 MEA Managed Equipment Services Market Revenue, By Region , 2018 – 2027 (US$ Mn)
TABLE 27 GCC countries MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 28 North Africa MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 29 South Africa MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 30 Rest of MEA MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 31 Latin America MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 32 Latin America Managed Equipment Services Market Revenue, By Region, 2018 – 2027 (US$ Mn)
TABLE 33 Brazil MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 34 Mexico MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 35 Rest of Latin America MES Market Revenue, By Engagement Model, 2018 – 2027 (US$ Mn)
TABLE 36 Siemens Healthcare GmbH (Siemens Healthineers): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 37 GE Healthcare: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 38 Toshiba Medical Systems Europe B.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 39 Koninklijke Philips NV: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 40 Stryker Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 41 Cardiac Services, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 42 Olympus Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 43 Healthcare Technologies International: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 44 Asteral Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 45 ClearMedi Healthcare Pvt. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 46 ClearMedi Healthcare Pvt. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 47 Serco Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 48 MTS Health Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 49 Medipass Healthcare: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

Frequently Asked Question

What is the size of Managed Equipment Services Market?

The market for Managed Equipment Services Market is expected to reach USD$ XX in 2027.

What is the Managed Equipment Services Market CAGR?

The Managed Equipment Services Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Managed Equipment Services Market?

The report is forecasted from 2020 -2027.

What is the base year considered for Managed Equipment Services Market?

The base year of this report is 2019.

Who are the major players in this market?

Siemens Healthcare GmbH, GE Healthcare, Toshiba Medical Systems Europe B.V., Koninklijke Philips NV.are of the major players in the global market.

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