Medical Equipment Maintenance & Repair Industry Analysis: Companies, Competitors & Outlook 2030

Overview of the Global Medical Equipment Maintenance & Repair Market:

Gain data-driven insights into the Global Medical Equipment Maintenance & Repair Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.

Executive Summary

The Global Medical Equipment Maintenance & Repair Market was 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 Market Driver:

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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Medical Equipment Maintenance & Repair Market Segmentation

Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.

-By Device Type

• Diagnostic Imaging Equipment
• Patient Monitoring & Life Support Devices
• Endoscopic Devices
• Surgical Equipment
• Electrosurgical Equipment
• Dental Equipment
• Others

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 Type

• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance

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 Service Providers

• In-House Maintenance - Market Size & Forecast 2020-2030F, USD Million
• Original Equipment Manufacturers (OEM) - Market Size & Forecast 2020-2030F, USD Million
• Independent Service Organization - Market Size & Forecast 2020-2030F, USD Million

-By End User

• Hospitals - Market Size & Forecast 2020-2030F, USD Million
• Clinics - 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

Geographical Analysis

-By Region

• North America - Market Size & Forecast 2020-2030F, USD Million
• South America - Market Size & Forecast 2020-2030F, USD Million
• Europe - Market Size & Forecast 2020-2030F, USD Million
• The Middle East & Africa - Market Size & Forecast 2020-2030F, USD Million
• Asia-Pacific - Market Size & Forecast 2020-2030F, USD Million

North America is leading with about 35% of the Global Medical Equipment Maintenance & Repair Market proportion because of numerous factors. Primarily, the region has a fantastically advanced healthcare infrastructure, which includes a large wide variety of hospitals and clinical centers.

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Competitive Market Strategies: List of Largest Medical Equipment Maintenance & Repair Companies

Analysis of the competitive landscape and company strategies. We profile leading players Business Description, Product Portfolio, Recent Developments, and list key Strategic Alliances or Partnerships approaches.

• 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
• Others

Future Market Analytics Focus Points

Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:

1. Identify Emerging Market Trends: Recognize new trends shaping industries.
2. Leverage Big Data Analytics: Use data for informed decision-making strategies.
3. Explore Geographic Expansion: Target growth opportunities in new areas.
4. Analyze Consumer Behavior: Adapt to shifting preferences and habits.
5. Emphasize Sustainability: Align strategies with ethical and sustainable practices.

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Objectives of the Study

Clearly state what the report aims to achieve. For example:

• Provide a comprehensive market overview with quantitative forecasts.
• Identify key market segments and competitive dynamics.
• Analyze trends and drivers influencing growth.
• Highlight challenges and risks, plus mitigation strategies.
• Offer actionable insights and recommendations for decision-makers.

Report Delivery Model

“Our market research report is available in multiple formats for convenience:

• Interactive PDF with rich charts and data tables.
• PowerPoint summary deck for easy presentation and sharing.
• Excel containing all research figure.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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