Global Medical Equipment Maintenance
Market Report
2025
The Medical Equipment Maintenance market was valued at 38.2 billion in 2022 and is predicted to be 78.06 billion by 2030 with a CAGR of 9.3% during the forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Medical Equipment Maintenance market was valued at 38.2 billion in 2022 and is predicted to be 78.06 billion by 2030 with a CAGR of 9.3% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Equipment Maintenance Market Sales Revenue 2022 | $ 38.2 Billion |
Global Medical Equipment Maintenance Market Sales Revenue 2030 | $ 78.06 Billion |
Global Medical Equipment Maintenance Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.3% |
Market Split by Service |
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Market Split by Device |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Medical Equipment Maintenance Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A series of procedures are carried out to keep a piece of machinery operating at its best, including routine inspection, preventative maintenance, and corrective maintenance. Equipment maintenance's primary goal is to prevent equipment breakdown and improve performance. It involves maintaining equipment by carrying out a number of tasks such as part replacement, repair, and servicing. It makes sure the machine is working properly so that production is not halted by a machine malfunction. Prevention maintenance and corrective maintenance are two categories into which equipment maintenance is traditionally divided. In order to prolong the operational intervals between failures, increase the life of equipment or find and fix issues that are not immediately visible to the user, preventive maintenance techniques are either required or desirable. Contrarily, corrective procedures are annual services that entail the repair of medical equipment, in addition to any particular service, including repairs made as part of a service agreement or repairs made by a supplier while the product is still under warranty.
Corrective maintenance is more popular and is used extensively by hospitals and research facilities. After an unanticipated failure, corrective maintenance entails replacing or repairing systems or components to restore the physical integrity, aesthetic appeal, and functionality of medical equipment. Thus, such maintenance is required for many high-end gadgets. As a result, this component spurs market expansion.
In recent years, healthcare organizations have worked to improve patient safety and treatment quality, more attention has been paid to preventive maintenance of medical equipment. This entails a properly planned program where scheduled maintenance chores are carried out to prevent greater and more expensive problems in the future. Additionally, it assists in lowering equipment downtime, which improves daily operations and increases device reliability. As regular inspection and routine maintenance of medical devices can minimize negative incidents and accidents involving medical devices, the preventive maintenance method is gaining popularity. The safe, effective, and long-lasting use of medical devices is guaranteed by routine maintenance services. In the upcoming years, development possibilities for service providers are anticipated as healthcare organizations increasingly place a priority on implementing preventive maintenance techniques.
The deployment of these solutions comes with high initial installation costs and heavy maintenance charges, whereas the installation of advanced medical equipment comes with annual services contract-free. Therefore, the servicing cost incurred throughout the equipment’s lifespan is typically greater than the equipment cost. End-user is being discouraged from adopting new medical technology because of the high expenses of both equipment acquisition and maintenance. During the projected period, these factors are anticipated to restrain the expansion of the global market for the maintenance of medical equipment.
OEMs are third-party vendors. The introductions of ISO are a result of their high cost and extended turnaround times. It is supported by a robust staff of professionals and is only focused on offering provision and maintenance services. Hospital and patient advocacy groups report that ISOs often charge 30-50% less than OEMs for equipment maintenance and repair. With a single unified administration platform, it provides a variety of services to end customers while guaranteeing prompt service delivery across all product categories.
Medical supplies are becoming more and more in demand as a result of the afflicted populace. Among the most common medical devices used in first-line clinical care are respiratory support devices such as atomizers, life support machines, oxygen generators, and monitoring. Additionally, Covid-19 has caused a significant increase in demand for medical goods such as masks, gloves, and protective eyewear. The need for medical supplies continues to grow among the general public and healthcare professionals due to the increase in covid-19 cases around the world. The producer of these goods has the opportunity to take advantage of the increasing demand for medical supplies in order to guarantee a sufficient and ongoing supply of personal protective equipment on the market.
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B.Braun launched a technical service center:
In order to help the public health system in Thailand, B. Braun established a Technical Service Centre to offer high-quality medical device repair and maintenance services.
Abbott acquired medical design innovations:
Medical Design Innovations (MDI), a manufacturer and supplier of medical devices, was purchased by Abbott. Cardiovascular ablation systems, laparoscopy systems, and electrophysiology systems are just a few of the medical devices that utilize MDI's innovations. Abbott's portfolio of medical device innovations will grow thanks to the acquisition.
Johnson & Johnson acquired Auris Health:
Johnson & Johnson disclosed that it had bought Auris Health, a manufacturer of medical devices that specializes in creating tools for identifying and treating lung cancer. With the acquisition, Johnson & Johnson will be able to access the robotic bronchoscopy platform from Auris Health and broaden its selection of medical device solutions.
Top Companies Market Share in Medical Equipment Maintenance Industry: (In no particular order of Rank)
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North America dominates the medical equipment maintenance market. It is due to growing investment in preclinical testing of the most recent medical equipment, an increase in the number of private hospitals and clinics and increasing cost for medical equipment manufacturers to produce innovative and effective equipment are some of the significant factors that have contributed to the increased adoption of advanced equipment in the healthcare sector. Therefore, this increases the market growth of this region.
Asia Pacific is expected to grow during the forecast period. Due to increasing healthcare spending, growing chronic disease, increasing elderly population, and increasing healthcare infrastructure. The abovementioned factor contributes to the medical equipment maintenance market expansion.
The current report Scope analyzes Medical Equipment Maintenance Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Medical Equipment Maintenance Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Equipment Maintenance Industry growth. Medical Equipment Maintenance market has been segmented with the help of its Service, Device , and others. Medical Equipment Maintenance market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on service the medical equipment market is divided into corrective maintenance and preventive maintenance. Corrective maintenance dominates the market. Corrective maintenance also known as breakdown maintenance is a category of work to address and fix broken systems and machinery. Due to the increasing prevalence of medical equipment worldwide, it is in extremely high demand. Preventive maintenance, on the other hand, refers to regular, frequent repairs that keep the equipment operating smoothly and reduce the risk of unanticipated delays or expensive equipment failures. By creating a structured management and schedule a description of medical equipment. By creating a structured management and schedule, a description of medical equipment maintenance, an inspection tour of the devices, and the working status of complex monitoring devices, preventive maintenance of medical equipment can significantly increase the efficiency and performance of the equipment. Therefore, this boosts the market.
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Based on devices the medical equipment maintenance market is segmented into endoscopic devices, electromedical equipment, surgical instrument and imaging devices. In the medical equipment maintenance industry, the endoscopic device category is rapidly gaining market share. This is due to a number of factors, including the increasing use of minimally invasive procedures like laparoscopy, arthroscopy, bronchoscopy, and cystoscopy, the rapidly growing medical industry, the growing specialization of preventive medical equipment repair, and the quick development of novel equipment. It is frequently employed in the diagnosis of a number of serious illnesses, including tumors, orthopedic, neurological, and gastric reflux problems. It is also employed in a wide range of healthcare-related applications, including those for therapeutic and diagnostic purposes, which further fuel market expansion.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Equipment Maintenance Market is witnessing significant growth in the near future.
In 2023, the Corrective Maintenance segment accounted for noticeable share of global Medical Equipment Maintenance Market and is projected to experience significant growth in the near future.
The Endoscopic Devices segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies B.Braun melsungen AG , Aramark and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Service | Corrective Maintenance, Preventive Maintenance |
Device | Endoscopic Devices, Electromedical Equipment, Surgical Instrument, Imaging Devices, Others |
List of Competitors | B.Braun melsungen AG, GE Healthcare, Aramark, Alliance Medical Group, Althea Group, Medtronic, Medtronic, Stryker corporation, Canon Inc |
This chapter will help you gain GLOBAL Market Analysis of Medical Equipment Maintenance. Further deep in this chapter, you will be able to review Global Medical Equipment Maintenance Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Medical Equipment Maintenance. Further deep in this chapter, you will be able to review North America Medical Equipment Maintenance Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Medical Equipment Maintenance. Further deep in this chapter, you will be able to review Europe Medical Equipment Maintenance Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Medical Equipment Maintenance. Further deep in this chapter, you will be able to review Asia Pacific Medical Equipment Maintenance Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Medical Equipment Maintenance. Further deep in this chapter, you will be able to review South America Medical Equipment Maintenance Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Medical Equipment Maintenance. Further deep in this chapter, you will be able to review Middle East and Africa Medical Equipment Maintenance Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Medical Equipment Maintenance. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Service Analysis 2019 -2031, will provide market size split by Service. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Service Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Device Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Equipment Maintenance market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Corrective Maintenance have a significant impact on Medical Equipment Maintenance market? |
What are the key factors affecting the Corrective Maintenance and Preventive Maintenance of Medical Equipment Maintenance Market? |
What is the CAGR/Growth Rate of Endoscopic Devices during the forecast period? |
By type, which segment accounted for largest share of the global Medical Equipment Maintenance Market? |
Which region is expected to dominate the global Medical Equipment Maintenance Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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