Managed Equipment Services (MES) and Enterprise Compliance and Quality Management (ECQM) refer to solutions used to streamline the huge volumes of data in organizations. MES solutions are typically used by healthcare facilities; whereas ECQM solutions are used organizations operating across life sciences, pharmaceuticals and medical devices sectors. Majority of the ECQM software are based on FDA compliance in the healthcare sector so as to deliver the required information appropriate places.
Maintaining high quality level along with a stringent control and regulatory compliance is the most crucial concern for various verticals such as pharmaceuticals and medical devices sectors. This significantly fuels the penetration of MES & ECQM solutions across different healthcare organizations. The MES & ECQM market is strongly supported by the rising demand for medical devices, pharmaceuticals and research amongst these industries. In addition, growing government regulations over quality control is another major factor contributing to the penetration of these solutions.
The MES & ECQM market is majorly driven by the overall rising expenditure over healthcare IT infrastructure worldwide. With the increasing advancement and demand for healthcare IT integration globally, the MES & ECQM market is expected to witness strong growth during the forecast period. Currently, the market is in premature stage and holds large room for further growth globally. As a result, the MES & ECQM market is estimated enjoy strong demand during the forecast period.
The report titled “Global MES & ECQM Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023” offers strategic insights into the global MES & ECQM market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on solution types and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2015 & 2023. 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 MES & ECQM 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, Sparta Systems, Inc., Pilgrim Quality Solutions, Inc., MetricStream, Inc., Toshiba Medical Systems Europe B.V. and others. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global MES & ECQM market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.
The global MES & ECQM market is dominated, in terms of revenue and adoption, by the North America region. The region is mainly backed by the U.S. having stringent regulations on healthcare facilities as well as organizations. Healthcare organizations and facilities across the U.S. and Canada have strong penetration of MES solutions. In addition, due to presence of major MES as well as ECQM solution providers, the market here has witnessed robust growth in the past few years.
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 too are potential markets for MES and ECQM solutions.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Managed Equipment Services (MES) & Enterprise Compliance and Quality Management (ECQM) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
