Global Medical Equipment Maintenance & Repair Market Research Report: Forecast (2025-2030)

Market Definition

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.

Market Insights & Analysis: Global Medical Equipment Maintenance & Repair Market (2025-30):

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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Nearly 1 in 3 of all adults possess multiple chronic conditions (MCCs) worldwide, needing a good healthcare infrastructure. Moreover, the expansion of telehealth amplified the requirement of remote monitoring devices. The equipment such as oximeters, glucose meters, BP machines, and other wearable gadgets are used for more broadly real-time patient monitoring and remote consultations. It makes maintenance and repair of the remote monitoring systems necessary, to keep remote monitoring tools operating efficiently. In 2024, there will be nearly 2 Million different types of medical equipment present in the global market, creating the potential need in the future for repair and maintenance of these machines.

Furthermore, Original Equipment Manufacturers (OEMs) have a lot of opportunities in the medical equipment maintenance and repair market. OEMs offer maintenance services that guarantee better equipment performance and longer lifespan, enhancing their efficiency. Additionally, OEMs and the United States Food and Drug Administration (USFDA) mandate the maintenance of the equipment in various healthcare facilities like hospitals and diagnostic centers. These steps are also supported by regulatory bodies around the world and will boost the overall market growth in the forecasted period. Apart from this, the market is also shifting towards refurbished medical equipment as it is more affordable, sustainable, and compliant with government regulations. Since refurbished equipment is usually less expensive, so many healthcare facilities are adopting them. For accurate, safe, and efficient functionality, regular maintenance service and repair are needed for these devices.

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.

Global Medical Equipment Maintenance & Repair Market Opportunity:

Rapid Growth in Healthcare Infrastructure – The countries are focusing on the infrastructure development of new healthcare facilities due to the gap in the ratio of the number of beds per 1000 people globally. This increases infrastructure development and presents a robust opportunity for the medical equipment maintenance industry. New clinics, hospitals, and diagnostic centers need modernized and advanced medical technologies with proper maintenance and timely repair for enhanced patient care and operational efficiency. Furthermore, maintaining high-quality medical care is dependent on the availability of credible after-sell services & maintenance support so that healthcare providers can improve their healthcare systems. This expanding infrastructure not only increases the need for medical equipment but also gives specialized service providers the chance to offer complete maintenance solutions which propel market expansion. For instances,

• October 2024, At the World Health Summit in Berlin, UNOPS and partners launched guidance for an inclusive healthcare infrastructure development program, highlighting the requirement for USD 371 billion each year to meet SDG 3 targets by 2030.

Global Medical Equipment Maintenance & Repair Market Challenge:

High Initial & Maintenance Expenses – The major challenge in the Global Medical Equipment Maintenance & Repair Market is the high initial and maintenance costs associated with advanced medical devices. The initial cost of this equipment is very high for example, the cost of an MRI machine can range between 1 million dollars to 3 million dollars. Also, many equipment such as diagnostic tools, ventilators, and MRI machines need frequent maintenance for better result accuracy further escalating the cost. The lifetime maintenance cost of a medical device is up to 10–20% of the total purchase cost of the device.

Additionally, the maintenance and repair service requires skilled bio-medical engineers and technicians to access the specialized parts, adding to the service expenses. These costs can make it difficult for many healthcare providers particularly those in developing nations with limited resources to invest in essential maintenance services. Consequently, this difficulty can delay the repair and ultimately impact the efficient functionality of devices impacting patient care and safety.

Global Medical Equipment Maintenance & Repair Market Trend:

Rising Predictive Maintenance Through Digital Technologies and AI – The Global Medical Equipment Maintenance & Repair Market is shifting towards predictive maintenance with the developments in digital technologies and artificial intelligence (AI). The necessity for healthcare providers to lower operating costs and improve equipment reliability is a major driving force behind this trend. Medical equipment can now be monitored in real time with AI-driven analytics enabling prompt interventions and the early identification of possible failures. As hospitals and clinics use these technologies more frequently the focus on proactive maintenance techniques is anticipated to reshape the medical equipment management landscape significantly. For instance;

• In February 2024, Siemens introduced generative AI functionality in its Senseye Predictive Maintenance solution, enhancing human-machine interactions and streamlining maintenance processes. This innovation aims to address skill shortages in the sector by improving efficiency for maintenance workers.

Global Medical Equipment Maintenance & Repair Market (2025-30): Segmentation Analysis

The Global Medical Equipment Maintenance & Repair Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025-2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Device Type:

• Diagnostic Imaging Equipment
  • MRI System
  • CT Scanners
  • X-Ray System
  • Ultrasound System
  • Others
• Patient Monitoring & Life Support Devices
  • Ventilators
  • Anesthesia Monitoring Equipment
  • Dialysis Equipment
  • Others
• Endoscopic Devices
• Surgical Equipment
• Electrosurgical Equipment
• Dental Equipment
  • Dental Radiology Equipment
  • Dental Laser Devices
• 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. The segment is dominating in market due to its critical role in accurate diagnosis and treatment planning in modern healthcare. For instance, MRIs in diagnostics machines are expected to grow to over $7 billion by 2025, showing the importance in the worldwide market for these machines. Moreover, technologies such as digital imaging and AI integration are driving the market developments in imaging technologies. These factors highlight that diagnostic imaging equipment is a market leader for medical equipment maintenance and repair.

Based on 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. It ensures patient safety and care by assisting healthcare facilities in avoiding expensive downtime and unplanned repairs. Regular inspections, replacements, and adjustments of medical devices prevent failures before they occur. Furthermore, the significance of preventive maintenance by safety standards is being emphasized by regulatory bodies of various countries. Hospitals that have strong preventive maintenance programs not only increase their operational effectiveness and enhance patient care which builds on their reputation. Medical equipment maintenance and repair market emphasis on preventive maintenance generally reflects a larger industry trend towards proactive care and management.

Global Medical Equipment Maintenance & Repair Market (2025-30): Regional Projections

Geographically, the Global Medical Equipment Maintenance & Repair Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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. Furthermore, the marketplace is increasing because of the lifestyles of widespread scientific device producers and provider companies over there. Additionally, chronic diseases are very common in North America which increases the demand for diagnostic imaging and different clinical gadgets that need regular maintenance. According to the Centers for Disease Control and Prevention (CDC), about 6 in 10 adults in the U.S. suffer from continual contamination highlighting the necessity of scientific device and their maintenance.

Global Medical Equipment Maintenance & Repair 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.

Gain a Competitive Edge with Our Global Medical Equipment Maintenance & Repair Market Report

1. Global Medical Equipment Maintenance & Repair Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Medical Equipment Maintenance & Repair Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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