Saturday, August 3, 2019

Vietnam Dental Services Market Outlook to 2023: Ken Research


The report titledVietnam Dental Services Market Outlook to 2023 - By Organized and Unorganized Clinics, By Cities (Ho Chi Minh City, Dong Nai, Hanoi, Haiphong, Binh Duong, Can Tho, Khanh Hoa, Nghe An, An Giang and Others), By Dental Care Services (Prosthodontics, Endodontics, Cosmetic Dentistry, Implantology, Orthodontics, Periodontics and Others), By Domestic and Foreign Customers provides a comprehensive analysis of dental care services in Vietnam. The report focuses on overall market size for dental services in Vietnam both in terms of total number of clinics and revenue; Vietnam dental services market segmentation by market structure (organized and unorganized), by cities (Ho Chi Minh City, Dong Nai, Hanoi, Haiphong, Binh Duong, Can Tho, Khanh Hoa, Nghe An, An Giang and others), by type of dental care services (Prosthodontics, Endodontics, Cosmetic Dentistry, Implantology, Orthodontics, Periodontics and others), by type of customer (domestic and foreign), by type of age group (below 15 years, 15-35 years, 36-55 years and above 55 years) and by gender (male and female). The report also covers the overall comparative landscape, trends and development, issues and challenges, decision making parameters in selecting a dental clinic in Vietnam and SWOT analysis. The report concludes with future projections for segments and analyst recommendations highlighting the major opportunities and cautions for the Vietnam dental services market.

Vietnam Dental Services Market Overview and Size
Presently, the dental services market in Vietnam is at a growing stage and has showcased tremendous growth in terms of revenues and the total number of clinics on the back of increasing dental problems in the country and popularity of the dental tourism due to reasonably priced dental services. The increase in the awareness towards the dental treatments has also proved to be a contributing factor in the development of this sector.

Vietnam Dental Services Market Segmentation
By Market Structure (Organized and Unorganized): The unorganized segment dominated dental services market in Vietnam in terms of number of clinics whereas, the organized dental clinics dominated in terms of revenue in Vietnam dental services market during the year 2018. Organized dental clinics have their branches scattered in the country therefore, capturing a larger population which in result generates higher revenue in this sector.

By Cities (Ho Chi Minh City, Dong Nai, Hanoi, Haiphong, Binh Duong, Can Tho, Khanh Hoa, Nghe An, An Giang and others): Ho Chi Minh City within Vietnam captured the majority of the market share in terms of number of clinics during 2018. Ho Chi Minh City is the most populous city in Vietnam due to which the presence of dental clinics is majorly seen there. It was followed by Dong Nai city on Vietnam in terms of number of clinics due to its high tourist attraction historical sculptures. The city attracts huge number of tourists and dental patients in a year. The remaining market share in terms of number of clinics was captured by Hanoi, Haiphong, Binh Duong, Can Tho, Khanh Hoa, Nghe An, An Giang and others during 2018.

By Type of Dental Care Services (Prosthodontics, Endodontics, Cosmetic Dentistry, Implantology, Orthodontics, Periodontics and Others): Vietnam dental care services market during 2018 was majorly dominated by Prosthodontics services in terms of revenue due to high demand for dentures and crowns in the country. The remaining market share in terms of revenue was collectively captured by the Endodontics, Cosmetic Dentistry, Implantology, Orthodontics, Periodontics and other dental care services in the year 2018.
By Type of Customer (Domestic and Foreign): The Vietnam dental services market majorly consists of domestic customers followed by the foreign patients. The low prices of dental services in Vietnam as compare to other countries is one of the major reasons for foreign patients coming in the country for dental treatments thus, helping the sector generate a higher revenue share in the year 2018.

By Age Group (Below 15 Years, 15-35 Years, 36-55 Years and Above 55 Years): It was observed that the 15-35 years age group generated the highest revenue share in Vietnam dental services market during the year 2018 majorly due to the population in this age group is getting cautious about their dental health and is looking for cure towards dental issues. The remaining revenue share was collectively captured by age group including 36-55 years age group, above 55 years age group and below 15 years age group in the year 2018.

Comparative Landscape in Vietnam Dental Services Market
Competition within Vietnam dental services market was observed to be fragmented along with the presence of large number of dental clinics (both domestic as well as international) thus, providing dental services within Vietnam. As of 2018, there were approximately ~2,000 dental clinics within Vietnam. Some of the major dental clinics established in the country include KIM Dental, Australian Dental Clinics, Dental Implant Center, Starlight Dental Clinic and Saigon BH Dental Clinic which were witnessed to lead in terms of revenue during 2018. Other major dental clinics include Serenity International Dental Clinic, Lan Anh Dental Clinic My Hung, CAMTU Dental Clinic, Westcoast International Dental Clinic, Dentistry Paris Tan Binh, Nha Khoa Parkway and rest. The dental services market in Vietnam competes on the basis of price of the dental services, number of branches, presence and value added services.

Vietnam Dental Services Future Outlook and Projections
The Vietnam dental services market is predicted to grow both in terms of revenue and number of clinics owing to potential rise in the total number of dental problems among Vietnamese population therefore, leading to rise in number of dental clinics in the country over long term. An increasing awareness among Vietnamese people about dental hygiene and care will also contribute in the growth of this sector in Vietnam. The country is expecting a rise in the total number of dental schools which would also lead to higher number of dental graduates each year thus, catering to a larger chunk of population and generating higher revenue in the sector.

Key Segments Covered:-
By Market Structure
Organized Dental Clinics
Unorganized Dental Clinics

By Cities:-
Ho Chi Minh City
Dong Nai
Hanoi
Haiphong
Binh Duong
Can Tho
Khanh Hoa
Nghe An
An Giang
Others (Kon Tum, Long An, Phu Tho, Nam Dinh and Rest)

By Type of Dental Care Services:-
Prosthodontics (Porcelain Veneers, Crowns, Fixing Bridges and Dentures)
Endodontics (Treatment of Dental Pulp, Root Canal Treatment)
Cosmetic Dentistry (Cosmetic Teeth Whitening, Cosmetic Teeth Shaping and Cosmetic Teeth Bonding, Carbon Post, Gold Post Core and rest)
Implantology (Dental Implants with artificial tooth)
Orthodontics (Improving irregular teeth with Braces)
Periodontics (Gum Graft Surgery, Laser Treatment, Plastic Surgery and rest)
Others (Consultation, X-ray, Snoring & Sleep Disorder Breathing Treatment, General Anesthesia and rest)

By Type of Customer:-
Domestic
Foreign

By Age Group
Below 15 Years
15-35 Years
36-55 Years
Above 55 Years

By Gender
Male
Female

Key Target Audience:-
Dental Clinics
Tourism Agencies
Entities looking to invest in Vietnam Dental clinics
Dental Equipment Manufacturers

Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023

Dental Clinics Covered in Vietnam Dental Services Market:-
Kim Dental
Serenity Dental Clinic
Starlight Dental Clinic
Australian Dental Clinic
Dr Hung & Associates Dental Clinic
I-Dent Dental Implant Center

Pricing Analysis Covered in Vietnam Dental Services Market:-
Serenity International Dental Clinic
Dr Hung & Associates Dental Center
CAMTU Dental
Rose Dental
International Dentistry Company – IDC Danang
Nguyen Du Dental Clinic
Lien Thanh Dental Clinic
Australian Dental Clinic

Key Topics Covered in the Report:-
Stakeholders in Vietnam Dental Services Market
Value Chain Analysis of Vietnam Dental Services Market
Introduction to Vietnam Dental Services Market
Vietnam Dental Services Market Size, 2013-2018
Vietnam Dental Services Market Segmentation, 2018
Trends and Developments in Vietnam Dental Services Market
Issues and Challenges in Vietnam Dental Services Market
Decision Making Parameters in Selecting a Dental Clinic in Vietnam
SWOT Analysis of Vietnam Dental Services Market
Comparative Landscape in Vietnam Dental Services Market
Vietnam Dental Services Market Future Outlook & Projections, 2019-2023
Funding and Mergers and Acquisitions in Vietnam Dental Services Market
Analyst Recommendations for Vietnam Dental Services Market

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Increase in Innovation in Product Formulation & Format, Followed by Rise in Per Capita Disposable Income and Increase in Beauty Concern is Set to Drive Global Organic Hair Color Market over the Forecast Period: Ken Research

Hair coloring is one of the key trends among the youth for style, also known as hair dye or hair colorant. Hair color is classified as organic hair color and synthetic hair color. Organic hair color made with organic botanicals & less chemicals (less ammonia and PPD). It is produced by utilizing natural ingredients (plant based) such as henna, dry organic products, different vegetables, flower extracts, and others. It contains several nutrients for instance protein, vitamins, and minerals. It helps in strengthening the hair from the roots & reduces hair fall due to anti-dandruff properties. It is considered to be safer to use by people with sensitive skin. The key benefits are included cruelty-free, free of ammonia and harsh chemicals, improve health of hair & scalp, add shine, dermatologically tested and no hair damage.

According to study, “Global Organic Hair Color Market Research Report: Information by Product Type (Permanent Hair Color, Semi-Permanent Hair Color and others), Form (cream, powder and others), End Use (Residential and Commercial), Distribution Channel and Region - Forecast till 2023” the key companies operating in the global organic hair color market are Natulique, Radico, Aubrey Organics, V.J.S Pharmaceuticals Pvt Ltd., Herbatint, Indus Valley Couple & Twins SAS France, TVAM, Organic saloon systems.

Based on type, global organic hair color market is segmented into permanent hair color and semi-permanent hair color. Based on product type, market is segmented into herbatint permanent haircolor gel, tints of nature permanent hair color, naturtint permanent hair color, logona natural herbal botanical hair color, light mountain natural hair color & conditioner, naturigin permanent hair color, surya brasil henna hair cream, O&M mineral CCT permanent hair color, radico colour me organic hair color andmadison reed root touch up. Based on form, market is segmented into powder form and cream form. Based on distribution channel, market is segmented into store based (specialty stores, supermarkets & hypermarkets and others) and non-store based channel. In addition, based on end-use, market is segmented into men and women.

The organic hair color market is driven by increase in innovation in product formulation & format, followed by rise in per capita disposable income, increase in beauty concern, increase in efforts from numerous multinational corporations, growth of organized retail, increase in health consciousness towards the usage of chemical-free cosmetic products and long-term benefits associated with usage of certified organic ingredients in hair color. However, side-effects of treatment, high start-up cost & complexity involved in the certification process, intense competition and lack of awareness may impact the market. Moreover, product promotion and rise in demand for clean label products are key opportunities for market.

Based on geography, the Asian-Pacific region holds major share in organic hair color market owing to continuous product innovation in the region. Asian-Pacific and European regions are expected to witness higher growth rate due to increase in prevalence of skin allergies among the consumers and rise in geriatric population over the forecast period. It is estimated that the market will be reached at US $1.71 billion by 2023, at a CAGR of 12.34%, during the forecast period.

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Dynamic Changes In The Global Construction Market Outlook: Ken Research

According to the report analysis, ‘Construction Global Market Report 2019’ states that construction market proficiently comprises of the sales revenues produced by several entities (organizations, sole traders and partnerships) that paradigm building or engineering projects (e.g., highways and utility systems). Establishments that formulate the locations for the new construction and those that segment land for sale as building sites are involved in this market. The construction market effectively involved new work, additions, alterations, maintenance, and repairs.
Global Industry of Construction
Additionally, in the market of construction, there are several players which effectively working presently across the globe for leading the fastest market growth and registering the high value of market share throughout the short span of time while increasing the services, developing the equipment of construction, studying the different policies and strategies of legal authorities and decreasing the amount of services includes China State Construction Engineering Co Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Group Ltd, Vinci SA.
Furthermore, many of the potential players in the market of construction are studying the strategies of competitors and developing the techniques of working which further benefitted for increasing the demand and generating the efficient amount of revenue across the globe more positively.
Although, the effective development in the underdeveloped regions and a significant rise in the disposable income are the major factors for leading the construction market growth during the forecasted period across the globe
Whereas, based on the region, the market of construction is spread across the globe which majorly involves Europe, North America, Asia Pacific region and Rest of the World. For instance, the Asia Pacific region was the largest region in the global construction market, registering for 42% of the market in 2018. North America economy was the second largest region dominating for 25% of the global construction market. Africa country was the smallest region accounting for 3% of the market.
Additionally, construction corporates are progressively utilizing autonomous construction vehicles and heavy equipment to develop productivity. These automated vehicles are prepared with sensors, cameras, and GPS. The real-time data attained from these devices support in the remote monitoring of Jobsite and decreases the construction time. The vehicles connected through IoT, telematics and RFID tracking technologies are also supporting the construction industry to be more collaborative, proficient and innocuous.
The leading manufacturers such as Komatsu, Caterpillar, and Volvo CE are uninterruptedly emancipating new models of autonomous, semi-autonomous and remote-controlled excavators and other heavy equipment. Not only has this, but the Royal Truck & Equipment is also pilot testing with Florida DOT for self-driving crash trucks for the work zones.
Although, the players or manufacturers are investing the efficient funds for developing the specifications, applications, and classifications of the construction equipment for decreasing the time of construction and delivering the better consumer satisfaction which further proved to be profitable for increasing the amount of profit and developing the demand. Therefore, in the coming years, it is anticipated that the market of construction will increase across the globe more positively over the coming years.
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South Africa Fitness Market Forecast to 2023: Ken Research

How Fitness Market Is Positioned In South Africa?
The South Africa Fitness Market is currently at its growth stage. The fitness services market has witnessed growth during the period 2013 to 2018 at a CAGR of approximately ~ % in terms of revenue in 2018. The market has been categorized into two sub-categories; organized and unorganized fitness services markets.
South Africa Fitness Market
The South Africa fitness service the market has witnessed strong growth in terms of revenue, the number of fitness centers and membership subscriptions. The major factors responsible for the boost in the fitness industry in South Africa are growing number of penetration of international brands across the country, growth of household disposable income, rise in health consciousness among the adults, changing lifestyle, the higher demand for fitness services by women, westernizing fashion trends, and innovative promotion strategies being implemented by major fitness centers in the country.
Moreover, the government is taking initiatives such as Vuka in order to address the obese population about health awareness and proper lifestyle adoption. The country faced an economic crisis, recession in the year 2017 which led to a decrease in consumer spending. Due to this, the market witnessed a drop in the growth rate of its market size of the fitness industry in South Africa.
Few of the top fitness market players include Virgin Active, Planet Fitness, Zone Fitness, Gym Company, Viva Gym, Moove Motion Fitness, Motion Fitness, Go Health Gym, Ignite Fitness, and many others. The services provided are Cardio, Zumba, Pilates, Martial Arts, Cross fit, Yoga, and many others.
Nowadays, there are many additional facilities provided to the members to make them feel satisfied and increase their retention rate in a particular fitness club. Few of the additional facilities are a sauna, spa, diet consultant, nutrition specialists, and others, which attract the crowd to take part in the fitness regime in South Africa.
Market Segmentation
By Market Structure
The fitness services market has been segmented based on Market Structure, Revenue Stream, Membership Subscription Package, Provinces and Gender, on the basis of Revenue, Number of Fitness Centers and Membership Subscriptions. The organized market is leading in the fitness industry in South Africa in terms of revenue and membership subscriptions in 2018. However, the unorganized fitness sector dominates the market in terms of a number of centers in 2018. The organized fitness centers have started adopting innovative marketing strategies such as couple discounts and other facilities to attract a larger number of members.
By Revenue Stream
In South Africa, the major portion of the revenue is generated from the Gym membership. The gym membership captured around ~ % market share of the overall fitness services market in South Africa and has contributed approximately USD ~ Million to the country’s fitness service revenue in 2018. The personal training acquires a lower market share in the country as the charges are exceptionally high and therefore, people tend to choose such services less often as compared to the gym memberships.
However, it has been witnessed that with the increase in the disposable income in the future, the demand for personal training is expected to surge from 2018 to 2023 which will result in a boost in the overall fitness market.
By Provinces
The majority of the fitness centers are located in the province of Gauteng. Gauteng is followed by the province KwaZulu-Natal in terms of second-highest number of fitness centers in South Africa. The least number of fitness centers are located in Free State and Northern Cape.
By Membership Subscription
The most popular membership package in South Africa opted by people is the annual membership package. Therefore, the majority of the revenue generated from the annual packages. This is followed by the second-highest revenue-generating package which is a 1-month package owing to the fact that a 1-month membership package is chosen by tourists or businessmen. However, the 3 months and 6 months membership package accounts low share in the country due to its unavailability in the fitness clubs.
By Gender
The market for fitness services in South Africa has been driven slightly more by the country’s male population. The female penetration in the fitness industry is low due to lack of female-specific fitness centers in South Africa. The rise in disposable income of working mothers will give them the motivation to join fitness gyms which will result in a rise in female membership subscriptions in the future in South Africa.
Key Segments Covered:-
By Market Structure (On the basis of Revenue, Number of Members, Number of Gyms Centers)
Organized
Unorganized
By Revenue Streams
Membership Fees
Personal Training Fees
By Membership Subscription Packages (On the basis of Revenue, Number of Members)
1 Month
3 Months
6 Months
12 Months
By Provinces (On the basis of Number of Gyms)
Gauteng
KwaZulu-Natal
Western Cape
North West
Mpumalanga
Eastern Cape
Limpopo
Free State
Northern Cape
By Gender (on the basis of Revenue and Number of Members)
Male
Female
Key Target Audience
Organized and Unorganized Fitness Centres
Fitness Equipment Manufacturers
Sports Authority
Private Equity Firm
Fitness Training and Trainers Associations
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019E - 2023E
Major Fitness Centers Covered:-
Virgin Active
Planet Fitness
Zone Fitness
Gym Company
Viva Gym
Moove Motion Fitness
Motion Fitness
Go Health Gym, Ignite
Keywords Covers:-
Curves Fitness South Africa Fee
Franchise Cost Fees Gym South Africa
South Africa Personal Training Potential
South Africa Gym Industry
Gym Market South Africa
Gym Industry in South Africa
Gym Market in South Africa
South Africa Fitness Service Market Growth
Fitness Market in South Africa
Fitness Industry in South Africa
South Africa Fitness Market
South Africa Fitness Industry
Fitness Industry South Africa
Fitness Market South Africa
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Friday, August 2, 2019

Increase in Investments in Renewable Energy Sector Coupled with Rise in Public Funding, and Favorable Government Initiatives & Environmental Regulations is set to Drive Global Wave and Tidal Energy market Over the Forecast Period: Ken Research

Wave energy is the energy harnessed from sea or ocean waves. It is also known as sea wave energy or ocean energy, used for electricity generation, water desalination, pumping of water, and various other tasks. Tidal energy is a type of hydropower which converts the energy from the tides to generate electricity. Both wave and tidal energy are recognized as the potential green technologies as they generate a precise source of renewable energy. Wave and tidal energy are used for decarbonizes the energy supply, increase energy security and reduce the consumer’s dependence on fossil fuels.

According to study, “Global Wave and Tidal Energy Market Information Report by Industry Type (Wave Energy and Tidal Energy) and by Regions - Global Forecast to 2023” the key companies operating in the global wave & tidal energy market are Ocean Power Technologies Inc., Atlantis Resources Ltd, IHI Corporation, Aquamarine Power Ltd., Pelamis Wave Power, Carnegie Wave Energy Limited, Tenax Energy, Ocean Renewable Power CO., AW Energy Oy Ltd., YAM PRO Energy, S.D.E. Energy Ltd. (WERPO Wave Energy), Simec Atlantis Energy, Andritz Hydro Hammerfest, BioPower Systems Pty Ltd. Orbital Marine Power.

Based on type, global wave & tidal energy market is segmented into tidal energy and wave energy. Based on category of wave energy, market is segmented into overtopping device, oscillating wave surge converter, point absorber/buoy, surface attenuator, and oscillating water column. Based on technology, market is segmented into tidal stream technology, tidal range technology and wave stream technology. Tidal stream technology includes horizontal-axis turbine, oscillating hydrofoil (reciprocating device), vertical-axis turbine, archimedes’ screw, ducted turbine or enclosed tips and tidal kite. Based on generation of tidal energy, market is segmented into tidal stream generator, dynamic tidal power, tidal lagoon, and tidal barrage. In addition, based on end-user, market is segmented into commercial, residential and industrial.

The wave and tidal energy market is driven by rise in demand for clean energy, followed by increase in investments in renewable energy sector, rise in demand for energy generation, augment in technological advancement, longevity of the barrages, rise in public funding, and favorable government initiatives & environmental regulations. However, high cost of construction and restrictive growth of electricity demand in OECD countries may impact the market. Moreover, an ongoing development within the wave & tidal industries is a key opportunity for market.

Based on geography, the Asian-Pacific region holds major share in wave and tidal energy market owing to increase in awareness amongst the population, substantial growth of the economy, rise in availability of resources, growth in marine energy technology and developments in open test sites in the region. North-American region is expected to witness higher growth rate due to increase in expansion of the projects across countries, which results in huge electricity cost reduction. Europe is also expected to witness higher growth rate caused by existing infrastructure and the presence of major players over the forecast period. It is estimated that the market will be reached at US $15,291.2 million, by 2023.

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Increase in Number of New or Innovative Equipment & Products Coupled with Rise in Government Initiatives for Modernization of Healthcare Infrastructure and Provision of Quality Care is Set to Drive Global Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Over the Forecast Period: Ken Research

According to study, “Commercial And Industrial Machinery And Equipment Repair And Maintenance Global Market Report 2019” the key companies operating in the global commercial and industrial machinery and equipment repair and maintenance market are ABB Group, Caterpillar, Inc, Deere & Co, Linde AG, CNH Industrial NV, Encompass Supply Chain Solutions Inc., iCracked, Inc., uBreakiFix, Moduslink Global Solutions, The Cableshoppe Inc., Redington Services, Mendtronix Inc., Electronix Services, MicroFirst Gaming Inc., B2X Care Solutions GmbH, Global Electronic Services, Inc, Daikin Industries Ltd., Samsung Electronics, Haier Inc., Lennox International Inc., Panasonic Corporation, LG Corporation, Electrolux AB, Emerson Electric Company, Danfoss AS, Carrier Corporation, Honeywell International Inc., Uponor Corp, GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, FUJIFILM Holdings Corporation, Canon Inc., Althea, Aramark Services, Inc., Dragerwerk AG & Co. KGaA, Agfa-Gevaert Group, Carestream Health, Inc., B. Braun Melsungen AG, Olympus Corporation, Bc Technical, Inc., Karl Storz GmbH & Co. Kg., Arnold Clark Automobiles Limited, Driven Brands, Inc., Asbury Automotive Group, Inc., Firestone Complete Auto Care, Jiffy Lube International, Inc., Goodyear Tire & Rubber Company.



Commercial and industrial equipment maintenance field engages installing, troubleshooting & maintaining machinery, fixing problems manually with computerized diagnostic equipment. The manufacturing & processing industries use complex machinery to create a huge range of products. Production work such as assembling, stamping & welding, utilizes heavy equipment for precise tasks along an assembly. Commercial and industrial equipment repair and maintenance services are classified as service industry machinery, air-conditioning, heating, and commercial refrigeration equipment, turbine, engine, and power transmission equipment & other general purpose machinery.
Based on commercial and industrial equipment, global commercial and industrial machinery and equipment repair and maintenance market is segmented into voltmeter, laser equipment, frequency counters, medical monitors, ventilators, motors & generators, lab equipment, pulse & signal generator, smart phones & mobile phones, set-top-boxes, tablets, notebooks & laptops, PC sets, CT scanners, machinery, dental clinic equipment,  and others (printers & cleaners). Based on repair and maintenance type, market is segmented into motor repair, commercial refrigeration repair and blade sharpening. Based on electronic equipment repair services, market is segmented into warranty and out of warranty. Based on medical equipment maintenance services, market is segmented into corrective maintenance, preventive maintenance and operational maintenance. Based on devices type, market is segmented into primary imaging modalities (ultrasound and digital x-ray), advanced imaging modalities (MRI and CT), endoscopic devices, electro medical equipment, surgical instruments and others (dental equipment & life support devices).

The commercial and industrial machinery and equipment repair and maintenance market is driven by increase in business activity, followed by rise in profit margins for the downstream sectors, increase in number of new or innovative equipment & products, rise in focus on e-waste management, increase in on-road vehicles, growth in associated equipment markets and increase in purchase of refurbished medical systems. However, significant maintenance expenditure, poor-quality or duplicate spare parts of equipment and high initial cost may impact the market. In addition, emergence of ISO’s and innovation in service offerings & use of Internet of Things (IOT) are key opportunities for market.

Based on geography, Asia-Pacific region holds major share, followed by Western Europe, in commercial and industrial machinery and equipment repair and maintenance market owing to rapid urbanization and rise in population in the region. It is expected that the future of this market will be bright due to rise in adoption of electronic equipment insurance and increase in government initiatives for modernization of healthcare infrastructure & provision of quality care over the forecast period.

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