As per MarkNtel Advisors Medical equipment is used to assess patients' health precisely by diagnosing, monitoring, and treating patients in healthcare settings. The equipment includes various devices like MRI and CT scanners, surgical instruments, laboratory equipment, and patient monitoring devices. To ensure the accuracy and safety of these devices, regular maintenance and repair are crucial to prevent equipment failure. Proper maintenance enhances the device's lifespan and functioning and effective repair procedures reduce downtime.

Medical Equipment Maintenance & Repair Market Systems Market Insights & Analysis:

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. The growth of the Global Medical Equipment Maintenance & Repair Market is driven by multiple factors. Primarily the increasing cases of chronic conditions required regular monitoring and thus elevated the necessity of regular maintenance and repair of the medical devices for better results.

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Medical Equipment Maintenance & Repair Market Systems Market Segmentation:

• 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
• 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
• 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
• 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

Medical Equipment Maintenance & Repair Market 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.

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Medical Equipment Maintenance & Repair Market Drivers:

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.

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Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the 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
• Others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a globally recognized market research and consulting firm delivering intelligence across the healthcare industry, spanning pharmaceuticals, medical devices, healthcare IT, and biotechnology. Our analysts combine domain expertise with innovation tracking to help healthcare organizations improve efficiency and patient outcomes. Through Consulting Services, we assist clients in interpreting insights, designing go-to-market strategies, and adapting to regulatory changes, fostering sustainable growth in the evolving global healthcare ecosystem.

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