The report "Medical Equipment Maintenance Market by Device (MRI, X-ray, CT, Ultrasound, Patient Monitoring, Dental Equipment), Provider (OEM, ISO), Service (Preventive, Corrective), Contract Service (Customized, Add-on), End User (Hospital, ASCs) - Global Forecast to 2030", is projected to reach USD 101.52 billion by 2030 from USD 60.68 billion in 2025, growing at a CAGR of 10.8% during the forecast period.
The medical equipment maintenance market is projected to grow at a CAGR of 10.8% during the forecast period. The key factors contributing to market growth include the rising geriatric population, increasing prevalence of chronic conditions, and the increasing uptake of medical devices. The rise in device usage emphasizes the need for proactive maintenance to ensure equipment reliability, which is crucial for patient care. Healthcare facilities prioritize maintenance services to prevent equipment failures, minimize downtime, and maintain patient safety. The aging global population also increases the demand for medical equipment maintenance as providers adapt to the needs of older patients. However, integrating the Internet of Things (IoT) and Artificial Intelligence (AI) in medical devices brings cybersecurity and data management challenges, requiring maintenance providers to develop expertise in these areas.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69695102
By device type, the diagnostic imaging segment is expected to grow at the highest CAGR during the forecast period.
The market is categorized by device type into diagnostic imaging equipment, patient monitoring & life support devices, surgical equipment, radiotherapy devices, laboratory equipment, endoscopic devices, medical lasers, electrosurgical equipment, dental equipment, radiotherapy devices, ophthalmology equipment, and durable medical equipment. The diagnostic imaging equipment segment will dominate the market during the forecast period. Continuous innovations in diagnostic imaging technologies, such as MRI, CT scans, and ultrasound, have resulted in more sophisticated and expensive equipment requiring regular maintenance to ensure optimal performance, fueling market growth.
By service type, the preventive maintenance segment is expected to register the highest CAGR during the forecast period.
The medical equipment maintenance market is segmented by service type into operational, corrective, and preventive maintenance. The preventive maintenance segment is expected to grow at the highest CAGR during the forecast period. As diagnostic imaging systems grow more advanced and complex, proactive upkeep is essential to minimize breakdowns and maintain seamless operation. Ongoing technological innovations continue to introduce sophisticated components and subsystems that require specialized maintenance expertise and procedures.
By service provider, the ISOs segment is expected to grow at the highest CAGR during the forecast period.
The medical equipment maintenance market is segmented by service provider into single-vendor OEMs, multi-vendor OEMs, ISOs, and in-house maintenance. The ISOs segment dominated the market during the forecast period. The high growth rate of this segment is attributed to the ability of ISOs to offer specialized expertise and training for equipment support from different manufacturers, ensuring consistent quality of services.
By region, the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The region's high growth rate is attributed to the expanding healthcare markets, rising disposable income, increasing focus on technologically advanced maintenance equipment, and the high uptake of specialized services for the maintenance of products. The high growth potential of emerging economies is also expected to fuel the market growth during the forecast period. Additionally, the Asia Pacific region has been experiencing significant growth in healthcare infrastructure, with increasing investments in hospitals, clinics, and medical facilities. This expansion has led to a higher demand for medical equipment maintenance services to support the growing number of healthcare facilities.
Some of the leading players of the market include Siemens Healthineers AG (Germany), GE Healthcare (US), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), FUJIFILM Holdings Corporation (Japan), Olympus Corporation (Japan), Stryker (US), Canon Inc. (Japan), Drägerwerk AG & Co. KGaA (Germany), Hitachi, Ltd. (Japan), B. Braun SE (Germany), Elekta (Sweden), Shimadzu Corporation (Japan), Althea Group, LLC (Italy), and Agfa-Gevaert Group (Belgium).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
