Medical Equipment Maintenance Market Drivers, Industry Survey and Business Development Analysis till 2027

Medical Equipment Maintenance Industry Overview

The global medical equipment maintenance market size was valued at USD 35.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2027.

Growing global demand for medical devices, rising prevalence of life-threatening diseases leading to higher diagnostic rates, and rising demand for the refurbished medical equipment are expected to drive the market for medical device maintenance during the forecast period. Currently, several medical devices such as syringe pumps, electrocardiographs, X-ray units, centrifuge, ventilator units, ultrasound, and autoclave are available in the healthcare industry. These are used for treatment, diagnosis, analysis, and educational purposes across the healthcare industry.

As most medical devices are sophisticated, complex, and expensive, their maintenance is a very critical task. Maintenance of medical devices ensures that the devices are error free and operating accurately. In addition, its role in reducing errors, calibration, and risk of contamination is expected to contribute to market growth. Moreover, in the coming years, the requirement of technological expertise in remote maintenance and management of devices is expected to grow. This trend, in turn, is anticipated to drive strategic decisions for the industry.

Gather more insights about the market drivers, restrains and growth of the Global Medical Equipment Maintenance market

Furthermore, increasing global disposable income, rising medical device approvals, and growing adoption of new technologies in emerging countries are projected to further fuel the sales of medical devices, in turn, promoting the maintenance demand. Due to the growing geriatric population, higher expenditure is witnessed for remote patient monitoring devices. And these devices require higher maintenance, which is expected to carry on over the forecast period, thus contributing to the market revenue.

As per a survey carried out by the Population Reference Bureau in 2019, at present, there are over 52 million people in the U.S. aged 65 years and above. Whereas, this number is anticipated to increase to 61 million by 2027. The geriatric population presents a greater exposure to chronic conditions, such as diabetes, cancer, and other lifestyle chronic disorders. Hospitals and healthcare delivering facilities also significantly contribute to medical equipment maintenance revenue.

Browse through Grand View Research's Medical Devices Industry Research Reports.

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Medical Equipment Maintenance Market Segmentation

Grand View Research has segmented the global medical equipment maintenance market based on equipment, service, and region:

Medical Equipment Maintenance Equipment Outlook (Revenue, USD Million, 2016 - 2027)

  • Imaging Equipment
  • Electromedical Equipment
  • Endoscopic Devices
  • Surgical Instruments
  • Other Medical Equipment

Medical Equipment Maintenance Service Outlook (Revenue, USD Million, 2016 - 2027)

  • Preventive Maintenance
  • Corrective Maintenance
  • Operational Maintenance

Medical Equipment Maintenance Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Medical Equipment Maintenance market include

  • GE Healthcare
  • Siemens Healthineers
  • Koninklijke Philips N.V.
  • Drägerwerk AG & Co. KGaA
  • Medtronic
  • Braun Melsungen AG
  • Aramark
  • BC Technical, Inc.
  • Alliance Medical Group
  • Althea Group

Order a free sample PDF of the Medical Equipment Maintenance Market Intelligence Study, published by Grand View Research.

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