Navigation Links
Medical & Surgical Equipment Repair Procurement Research Report Now Available from IBISWorld
Date:10/22/2013

Los Angeles, CA (PRWEB) October 22, 2013

Medical and surgical equipment repair services have a buyer power score of 3.8 out of 5. This score reflects slow growth in prices over the past three years as a result of steady demand for healthcare services. “Medical equipment repair services are largely seen as nondiscretionary expenses because any improperly maintained equipment may have adverse consequences on patient health and safety; therefore, healthcare providers are willing to invest in keeping the equipment running properly,” says IBISWorld procurement analyst Anna Son. The low level of price volatility provides buyers with some degree of flexibility when entering the purchasing process. In anticipation of stable prices, buyers have time to evaluate their repair needs, as well as alternatives, including establishing an in-house repair center and hiring in-house technical staff, without fear of major price swings.

Given the large pool of medical equipment repair service suppliers that contribute to low market share concentration, the total cost of switching suppliers is low. “Intense competition among suppliers has driven down response times and prevented the prices of repair services from spiking,” says Son. Consolidation in the overall healthcare sector is propelling consolidation among medical equipment repair service providers. The advantages of consolidation include the ability to serve customers with multiple locations, purchase inventory in large volumes, share knowledge and expertise and develop technology platforms and decision support systems. However, consolidation among medical equipment repair service suppliers may diminish the negotiating power of buyers.

The average price of medical equipment repair services is forecast to continue rising over the three years to 2016. The aging population and the number of insured people will spur demand for healthcare services and medical equipment, while changes in technology will increase the types and complexity of medical devices. Although the supply chain risk and the risk of falling downstream demand are medium, the medical device sector is highly regulated, and therefore, any changes in regulations may significantly impact buyers. Major vendors include Cardinal Health Inc., Henry Schein Inc., and Owens & Minor Inc. For more information, visit IBISWorld’s Medical & Surgical Equipment Repair procurement research report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of medical and surgical equipment repair services, including the repair of various electronic, electromechanical and hydraulic equipment used in hospitals and healthcare providers’ offices. These services can include small equipment repair, instrument sharpening, sterilizer repair service, full restoration of medical equipment and preventive maintenance options. Because many healthcare practitioners rely on medical devices for running tests and diagnosing patients and depend upon the accuracy of the readings, they frequently demand scheduled maintenance to ensure the functionality and effectiveness of medical equipment.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Vendor Financial Benchmarks
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics

About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/10/prweb11259871.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Physician Groups Call for Fewer Medical Tests
2. Weill Cornell Medical College establishes Center for Healthcare Informatics and Policy
3. CAM therapy combined with conventional medical care may improve treatment of lower back pain
4. Image share project gives patients and physicians anytime, anywhere access to medical images
5. Researchers determine vitamin D blood level for reducing major medical risks in older adults
6. Biomedical researchers receive Hartwell Foundation awards
7. Columbia University Medical Center and NY-Presbyterian experts at APA meeting
8. Fitness in Middle Age Lowers Medical Costs Later: Study
9. Ben-Gurion U. and Cincinnati Childrens Hospital to develop pediatric-specific medical technologies
10. Gene Tests May Not Drive Patients to More Medical Care
11. University studies and career expectations of medical students
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/12/2016)... ... 12, 2016 , ... Atlantic Information Services, Inc. (AIS) is ... an upcoming Feb. 24 webinar that will discuss ways health plans and PBMs ... as the $1,000-per-pill hepatitis C treatment Sovaldi and high-cost PCSK9 inhibitors to treat ...
(Date:2/12/2016)... OBISPO, Calif. (PRWEB) , ... February 12, 2016 , ... The Central Coast Autism Spectrum ... this dance is to provide a night of fun for teens with and without special ... everyone feel welcomed and included at the event. The dance will take place on Saturday, ...
(Date:2/12/2016)... CA (PRWEB) , ... February 12, 2016 , ... With the exception of restorative dentistry, ... of dental decay. With the recent approval by the FDA, there is a now ... similar to fluoride varnish, SDF is very simple and quick to apply. The application ...
(Date:2/11/2016)... ... 2016 , ... SPH Analytics announced today that DeKalb ... solutions, MDinsight® and IndiGO®, for its primary care clinicians. The 3-year partnership brings ... contract were not disclosed. , As the healthcare market moves towards quality-based outcomes, ...
(Date:2/11/2016)... ... ... The Journal of Pain Research has seen a significant increase ... taken from the Scopus database (Elsevier B.V.) and is a measure of a journal's ... over a three year period and also the importance of the journals where the ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... 2016 --> ... Inflammation Global Clinical Trials Review, H2, 2015 provides ... clinical trials landscape along with top level data ... (G7 & E7), Trial Status, Trial Phase, Sponsor ... companies involved and enlists all trials (Trial title, ...
(Date:2/11/2016)... PRO-DEX, INC. (NasdaqCM: PDEX) today announced financial results ... The Company also filed its Quarterly Report on Form 10-Q ... Securities and Exchange Commission today. --> ... --> --> Net sales for the ... 95%, to $5.4 million from $2.8 million for the three ...
(Date:2/11/2016)... , Feb. 11, 2016  Governor Andrew M. ... will create 1,400 jobs throughout Western New ... partnership with the SUNY Polytechnic Institute, includes a major ... Building in Buffalo , as well ... manufacturing facility in Dunkirk . The ...
Breaking Medicine Technology: