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.     

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.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Medical Equipment Maintenance & Repair Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• 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

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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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