6 DECEMBER 2023Alex D'souzaManaging Editoreditor@healthcarebusinessreview.comThe flawless operation of medical equipment is crucial for diagnosis, treatment, and patient care. A robust maintenance regimen is key to ensuring the longevity and accuracy of these sophisticated instruments. Preventive maintenance is central to this approach, involving regular inspections, calibration, and upkeep. This helps extend the lifespan of medical tools and prevents unexpected breakdowns, making a significant impact in time-sensitive hospital settings.According to Precedence Research, the global medical equipment maintenance market was estimated at USD 47 billion in 2022 and is expected to reach USD 130.47 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 10.80 percent during the forecast period. The staggering growth of this market can be attributed to factors like, the increasing purchase of renewed medical systems, rising prevalence of diseases leading to higher diagnostic rates, and rising demand for the refurbished medical equipment.Integration of technology, such as predictive maintenance software and remote monitoring, has revolutionized medical equipment maintenance. Real-time tracking enables proactive intervention and minimizes downtime, while data analytics ensures targeted and precise maintenance efforts. Embedding Internet of Things (IoT) sensor technology into medical devices provides manufacturers with remote monitoring capability.This edition of Healthcare Business Review delivers a bird's-eye view of the recent developments in the medical equipment maintenance arena and insights into how organizations align with these trends and adopt new ways to replace outdated practices.We have curated thought leadership articles from industry experts, including Dr Katrien De Ketelaere, MD, Medical Director at AZ Sint Lucas Ghent-Belgium, and Stacey Lyons, Director of Quality at Biomerics.In this edition, we also dive headfirst into market trends, unveiling a selection of companies delivering unparalleled medical equipment maintenance services. These pioneers are equipped with innovative technological capabilities, and one standout example is ISS Solutions.We hope this edition of Healthcare Business Review helps you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!A 21st Century Approach to Medical Equipment Maintenance PrioritizationEditorialManaging EditorAlex D'souzaEditorial StaffAaron PaulJoe PhillipJames SmithMark RobertVisualizerCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.December - 09 - 2023, volume 06 - Issue 52 (ISSN 2836-7022)Published by ValleyMedia, Inc. To subscribe to Healthcare Business ReviewVisit www.healthcarebusinessreview.com Email:sales@healthcarebusinessreview.comeditor@healthcarebusinessreview.commarketing@healthcarebusinessreview.comImmanuelAsher blakeDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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