MarkNtel Advisors recently published a detailed industry analysis of the Global Medical Equipment Maintenance & Repair Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Medical Equipment Maintenance & Repair Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Medical Equipment Maintenance & Repair Marketwas valued at around USD 55 billion in 2024 and is projected to reach USD 92 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2025-30.
Global Medical Equipment Maintenance & Repair Industry Recent Development:
Escalating Elderly Population and Chronic Diseases – The Global Medical Equipment Maintenance & Repair Market is driven by the increasing elderly population and multiple chronic diseases. According to the report of WHO the global elderly population, more than 60 years, was 1 billion in 2020 and expected to be 2.1 billion by 2050. This population often required medical help for various chronic conditions like heart disease, arthritis, and diabetes, escalating the need for medical devices and their regular maintenance.
The global diabetic cases are predicted to be approximately 640 million by 2030 from 530 million in 2024. Also, cancer cases are increasing with more than 20 million new cases in 2022 and almost 10 million died from the disease. These rising cases necessitate the continuous use of several medical equipment for diagnosis, screening, and treating the patient. The requirement of the equipment in the long term obligates the timely maintenance and repair services for their smooth functioning, optimal performance, and further amplifying the market growth.
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What segments define the Global Medical Equipment Maintenance & Repair Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Device Type
- Diagnostic Imaging Equipment – Market Size & Forecast 2020-2030F, USD Million
- MRI System – Market Size & Forecast 2020-2030F, USD Million
- CT Scanners – Market Size & Forecast 2020-2030F, USD Million
- X-Ray System – Market Size & Forecast 2020-2030F, USD Million
- Ultrasound System – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
- Patient Monitoring & Life Support Devices – Market Size & Forecast 2020-2030F, USD Million
- Ventilators – Market Size & Forecast 2020-2030F, USD Million
- Anesthesia Monitoring Equipment – Market Size & Forecast 2020-2030F, USD Million
- Dialysis Equipment – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
- Endoscopic Devices – Market Size & Forecast 2020-2030F, USD Million
- Surgical Equipment – Market Size & Forecast 2020-2030F, USD Million
- Electrosurgical Equipment – Market Size & Forecast 2020-2030F, USD Million
- Dental Equipment – Market Size & Forecast 2020-2030F, USD Million
- Dental Radiology Equipment – Market Size & Forecast 2020-2030F, USD Million
- Dental Laser Devices – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
According to report, Diagnostic Imaging Equipment is leading with approximately 25% to 30% share of the total market value in the Global Medical Equipment Maintenance & Repair Market.
By Service Providers
- In-House Maintenance – Market Size & Forecast 2020-2030F, USD Million
- Original Equipment Manufacturers (OEM) – Market Size & Forecast 2020-2030F, USD Million
- Multi Vendors OEM – Market Size & Forecast 2020-2030F, USD Million
- Single Vendors OEM – Market Size & Forecast 2020-2030F, USD Million
- Independent Service Organization – Market Size & Forecast 2020-2030F, USD Million
By Service Type
- Preventive Maintenance – Market Size & Forecast 2020-2030F, USD Million
- Corrective Maintenance – Market Size & Forecast 2020-2030F, USD Million
- Operational Maintenance – Market Size & Forecast 2020-2030F, USD Million
According to report, Preventive Maintenance holds the largest market share by capturing almost 50% of the entire market because of its proactive approach to ensuring the reliability and durability of medical equipment.
By End User
- Hospitals – Market Size & Forecast 2020-2030F, USD Million
- Clinics – Market Size & Forecast 2020-2030F, USD Million
- Dental Clinics – Market Size & Forecast 2020-2030F, USD Million
- Specialty – Market Size & Forecast 2020-2030F, USD Million
- Laboratory – Market Size & Forecast 2020-2030F, USD Million
- Ambulatory Surgical Centers – Market Size & Forecast 2020-2030F, USD Million
- Dialysis Centers – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
Explore the Complete Global Medical Equipment Maintenance & Repair Market Analysis Report – https://www.marknteladvisors.com/research-library/medical-equipment-maintenance-repair-market.html
Geographical Analysis: Global Medical Equipment Maintenance & Repair Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Medical Equipment Maintenance & Repair Market Share & Competitive Landscape:
The Medical Equipment Maintenance & Repair Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Medical Equipment Maintenance & Repair Market are:
- Koninklijke Philips N.V.
- GE HealthCare
- Zimmer Biomet
- Medtronic
- Olympus Corporation
- Siemens Healthcare GmbH
- Carestream Health
- Shimadzu Corporation
- Boston Scientific Corporation
- Terarecon, Inc.
- Hoya Corporation
- Smith+Nephew
- DirectMed Imaging
The Middle East and Africa Pipes and Fittings Market Industry Recent Development:
- October 2024: Frazier Healthcare Partners acquired DirectMed Imaging, a provider of aftermarket parts and repairs for diagnostic imaging equipment. DirectMed serves major brands like GE, Siemens, and Philips, and owns LBN Medical and ScanMed.
- May 2024, Carestream launched Image Suite MR 10 Software, enhancing productivity and efficiency for CR and DR imaging systems. The new software aims to provide a more user-friendly experience for radiographers, streamlining the imaging process with the facility of a global service and support network.
Questions Addressed in this Study
1.What factors are driving the Global Medical Equipment Maintenance & Repair Market growth?
2.How is the Global Medical Equipment Maintenance & Repair Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Medical Equipment Maintenance & Repair Market?
4.What is the current size of the Global Medical Equipment Maintenance & Repair Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Medical Equipment Maintenance & Repair Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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