Press Release

A USD 55 Billion the Global Medical Equipment Maintenance & Repair Market to Witness a CAGR of Around 10.8% During 2025-30

The Global Medical Equipment Maintenance & Repair Market size 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, cites MarkNtel Advisors in the recent research report. The Global Medical Equipment Maintenance & Repair Market is expanding because of the increasing incidence of chronic illnesses. The cases of chronic diseases are almost one in three adults suffering from several chronic illnesses, especially among the elderly population. This increasing disease rate further elevates the requirement for various advanced equipment and their proper maintenance for optimal performance. Also, the increasing infrastructure in healthcare amplifies the market of medical equipment and their maintenance. Moreover, patients are increasingly relying on advanced technologies for ongoing health management. The growth of telehealth and remote monitoring also emphasizes the necessity of effective maintenance systems guaranteeing that medical devices function at their best.

Furthermore, OEMs have a lot of opportunities in the market, as they offer trustworthy maintenance services that improve the longevity and performance of equipment. Also, the United States Food and Drug Administration (USFDA) and regulatory bodies across the nation have mandated the maintenance of the equipment in healthcare facilities for patient safety. Additionally, Healthcare facilities with tight budgets can benefit from the affordability and sustainability of the trend toward refurbished medical equipment. The market is changing due to the trend toward predictive maintenance using digital technologies and artificial intelligence (AI). It facilitates proactive maintenance plans and real-time monitoring possibly enhancing patient care and operational effectiveness, further states the research report, “Global Medical Equipment Maintenance & Repair Market Analysis, 2025.”

Global Medical Equipment Maintenance & Repair Market Segmentation Analysis:

Diagnostic Imaging Equipment Holds the Largest Market Share

Based on the device type, the market is further bifurcated into diagnostic imaging equipment, patient monitoring & life support devices, endoscopic devices, surgical equipment, electrosurgical equipment, dental equipment, and others. Among all, diagnostic imaging equipment is sharing approx. 25% to 30% of the Global Medical Equipment Maintenance & Repair Market. Due to its vital role in precise diagnosis and treatment planning in contemporary healthcare, the segment is dominating. Diagnostic imaging devices need regular maintenance due to their complexity to maintain optimal performance. In addition, market advancements in imaging technologies are being propelled by technologies like digital imaging and AI integration. These combined factors make this clear that the diagnostic imaging equipment leads the medical equipment maintenance and repair industry.

North America Leads Medical Equipment Maintenance & Repair Industry

North America is dominating the market by holding almost 35% of the Global Medical Equipment Maintenance & Repair Market. The main factor in leading the market is the presence of highly advanced healthcare infrastructure such as hospitals, clinics, and other medical facilities in the region. Moreover, North America is the hub of significant medical device producer service providers further escalating the region's dominance. Additionally, the demand for various diagnostic imaging and other medical equipment is increasing due to rising chronic diseases in the countries, that need regular maintenance of the devices. In the U.S., medical technology and its repair and servicing are essential which results in higher revenue growth & expansion.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including GE GE Healthcare, Koninklijke Philips N.V., Zimmer Biomet, Medtronic, Olympus Corporation, Siemens Healthcare GmbH, Carestream Health, Shimadzu Corporation, Boston Scientific Corporation, Terarecon, Inc., Hoya Corporation, Smith+Nephew, DirectMed Imaging, and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping up across the regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-2030?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?