MarkNtel Advisors Predicts Medical Equipment Maintenance & Repair Market to Surge to USD 92 billion by 2030 at 10.8%

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Medical Equipment Maintenance Repair Market, 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 report provides valuable insights into the drivers, trends, and challenges shaping the future of the Medical Equipment Maintenance Repair Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 55 billion
CAGR (2025-2030): 10.8%

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Global Medical Equipment Maintenance Repair Market Segmentation Breakdown:

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

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 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

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 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

Geographical Growth Insights:

By Region

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 centres.

MarkNtel Advisors Highlights Key Market Drivers for Medical Equipment Maintenance Repair Market:

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.

A Comprehensive Analysis of Leading Companies in Global Medical Equipment Maintenance Repair Market

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

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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.

What are the growth Opportunity driving the Global Medical Equipment Maintenance Repair Market?

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.

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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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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Global Medical Equipment Maintenance Repair Market - 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.