Medical Equipment Maintenance Market Size, Growth, Revenue, Key Player and Future Outlook
Medical Equipment Maintenance Market Growth, Size, Trends Analysis - By Equipment, By Service, By Service Provider, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jan-2025 | Report ID: MEDE2516 | Pages: 1 - 256 | Formats*: |
| Category : Medical Devices | |||
Medical Equipment Maintenance Market Introduction and Overview
According to SPER Market Research, the Global Medical Equipment Maintenance Market is estimated to reach USD 122.32 billion by 2034 with a CAGR of 10.23%.
The report includes an in-depth analysis of the Global Medical Equipment Maintenance Market, including market size and trends, Interface mix, Applications, and supplier analysis. Medical equipment maintenance is the continuous process of making sure that the instruments, equipment, and medical devices used in healthcare institutions operate effectively, safely, and correctly. Maintaining medical equipment effectively is essential for patient safety, enhancing the grade of healthcare services, and meeting legal and regulatory requirements. It assists medical facilities in maximizing resource use, minimizing downtime, and lowering the chance of equipment failure during crucial procedures. Healthcare institutions' capacity to guarantee the dependability and durability of their equipment is impacted by budgetary restrictions, which pose a serious obstacle in the medical equipment maintenance industry. Limited funding allocations, conflicting financial objectives within healthcare institutions, and the growing expenses of equipment upkeep are some of the causes of these limitations.
By Equipment Insights: Based on Equipment the market is divided into five segments: Imaging Equipment, Surgical Instruments, Electromedical Equipment, Endoscopic Devices and Other Medical Equipment. The market was dominated by imaging equipment in 2024. Imaging technology aids in both diagnosing and seeing the body's internal components. The rising prevalence of chronic illnesses like heart-related conditions is fueling this market's expansion. Imaging devices that are frequently utilized include computed tomography (CT) scans, magnetic resonance imaging (MRI), ultrasound, and X-rays.
By Service Insights: Based on Service the market is divided into three segments: Preventive Maintenance, Corrective Maintenance and Operational Maintenance. In 2024, the segment with the highest revenue share was corrective maintenance. When equipment breaks down or malfunctions, this aids in fixing it, and instrument problems are addressed through maintenance. It involves system replacement and restoration with the goal of returning the apparatus to its initial state of functioning. This market is probably going to increase quickly because of the increasing number of equipment failures brought on by constant use and endless use in contemporary healthcare facilities.
By Service Providers Insights: Based on Service Providers the market is divided into two segments: OEM and Small/Third Party Providers. The segment with the biggest revenue share in 2024 was Original Equipment Manufacturers (OEM). OEMs provide extremely customized maintenance solutions that are designed to satisfy the unique needs of their goods. After the warranty expires, OEMs can boost their earnings by offering maintenance and repair services. This promotes loyalty and helps build long-lasting ties with customers. It has a great deal of expertise on the layout, parts, and functionality of its machinery.
By End Use Insights: Based on End Use the market is divided into six segments: Hospitals, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Centers, Dental Clinics & Specialty Clinics and Other End Use. In 2024, the hospitals segment had the biggest revenue share. More sophisticated diagnostic and therapeutic instruments are required as a result of the rise in chronic diseases like diabetes, heart disease, and cancer brought on by the world's aging population. To enhance medical treatment and attract more patients, private healthcare facilities are investing in cutting-edge technologies. Furthermore, the need for more sophisticated medical equipment is fueled by the increase in government spending on healthcare services and infrastructure.
By Regional Insights: In 2024, the global market for medical equipment maintenance was dominated by North America. Factors that are anticipated to propel market expansion include improvements in medical infrastructure, an increase in chronic illnesses, rising healthcare costs, and the presence of ambulatory surgery facilities in the area. In recent years, North America has become one of the more developed marketplaces for medical tourism and the healthcare sector. As a result, there is a steady need for medical equipment that is in perfect working order.
Market Competitive Landscape:
There are numerous local businesses, which contributes to the market's mild fragmentation. By implementing tactics like partnerships, acquisitions, and mergers, these market participants are attempting to increase their market share. Additionally, businesses are investing in the creation of better products. Additionally, they are concentrating on keeping their prices competitive. Some of the prominent players in Global Medical Equipment Maintenance Market are AlphaSource Group, Althea Group, Aramark, Braun SE, GE HealthCare, Koninklijke Philips N. V., Medtronic, Siemens Healthineers AG.
Recent Developments:
- In June 2023, The Gauteng Department of Health established maintenance contracts to guarantee routine upkeep of medical gear and equipment with the goal of reducing service interruptions at healthcare facilities.
- In April 2023, Dental Innovation Alliance (DIA) made its initial investments after months of fundamental work in UptimeHealth, an early-stage dental technology startup. UptimeHealth uses automation and predictive analytics to expedite the maintenance, repair, and acquisition of dental equipment.
- In March 2023, GE HealthCare and Advantus Health Partners declared that they have signed a ten-year contract for up to USD 760 million to supply Advantus Health Partners' clients with GE's Healthcare Technology Management (HTM) programs.
- In March 2023, Althea UK and Medipass Healthcare declared that they had merged their businesses and changed their name to Ergéa. It covers radiology, cardiology, endoscopy, radiation, and operating rooms. Additionally, the business provides vendor-independent maintenance services for biomedical, endoscopy, and radiology equipment in the UK.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Equipment, By Service, By Service Providers, By End User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | AlphaSource Group, Althea Group, Aramark, Braun SE, GE HealthCare, Koninklijke Philips N. V, Medtronic, Siemens Healthineers AG. |
Key Topics Covered in the Report:
- Global Medical Equipment Maintenance Market Size (FY’2021-FY’2034)
- Overview of Global Medical Equipment Maintenance Market
- Segmentation of Global Medical Equipment Maintenance Market By Equipment (Imaging Equipment, Surgical Instruments, Electromedical Equipment, Endoscopic Devices, Other Medical Equipment)
- Segmentation of Global Medical Equipment Maintenance Market By Service (Preventive Maintenance, Corrective Maintenance, Operational Maintenance)
- Segmentation of Global Medical Equipment Maintenance Market By Service Providers (OEM, Small/Third Party Providers)
- Segmentation of Global Medical Equipment Maintenance Market By End User (Hospitals, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Centers, Dental Clinics & Specialty Clinics, Other End Use)
- Statistical Snap of Global Medical Equipment Maintenance Market
- Expansion Analysis of Global Medical Equipment Maintenance Market
- Problems and Obstacles in Global Medical Equipment Maintenance Market
- Competitive Landscape in the Global Medical Equipment Maintenance Market
- Details on Current Investment in Global Medical Equipment Maintenance Market
- Competitive Analysis of Global Medical Equipment Maintenance Market
- Prominent Players in the Global Medical Equipment Maintenance Market
- SWOT Analysis of Global Medical Equipment Maintenance Market
- Global Medical Equipment Maintenance Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Medical Equipment Maintenance Market Manufacturing Base Distribution, Sales Area, Interface Type6.2. Mergers & Acquisitions, Partnerships, Interface Launch, and Collaboration in Global Medical Equipment Maintenance Market
7. Global Medical Equipment Maintenance Market, By Equipment (USD Million) 2021-2034
7.1. Imaging Equipment7.2. Surgical Instruments7.3. Electromedical Equipment7.4. Endoscopic Devices7.5. Other Medical Equipment
8. Global Medical Equipment Maintenance Market, By Service (USD Million) 2021-2034
8.1. Preventive Maintenance8.2. Corrective Maintenance8.3. Operational Maintenance
9. Global Medical Equipment Maintenance Market, By Service Provider (USD Million) 2021-2034
9.1. OEM9.2. Small/Third Party Providers
10. Global Medical Equipment Maintenance Market, By End User (USD Million) 2021-2034
10.1. Hospitals10.2. Diagnostic Imaging Centers10.3. Dialysis Centers10.4. Ambulatory Surgical Centers10.5. Dental Clinics & Specialty Clinics10.6. Other End User
11. Global Medical Equipment Maintenance Market, (USD Million) 2021-2034
11.1. Global Medical Equipment Maintenance Market Size and Market Share
12. Global Medical Equipment Maintenance Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. AlphaSource Group
13.1.1. Company details13.1.2. Financial outlook13.1.3. Interface summary13.1.4. Recent developments
13.2. Althea Group
13.2.1. Company details13.2.2. Financial outlook13.2.3. Interface summary13.2.4. Recent developments
13.3. Aramark
13.3.1. Company details13.3.2. Financial outlook13.3.3. Interface summary13.3.4. Recent developments
13.4. Braun SE
13.4.1. Company details13.4.2. Financial outlook13.4.3. Interface summary13.4.4. Recent developments
13.5. GE HealthCare
13.5.1. Company details13.5.2. Financial outlook13.5.3. Interface summary13.5.4. Recent developments
13.6. Koninklijke Philips N. V
13.6.1. Company details13.6.2. Financial outlook13.6.3. Interface summary13.6.4. Recent developments
13.7. Medtronic
13.7.1. Company details13.7.2. Financial outlook13.7.3. Interface summary13.7.4. Recent developments
13.8. Siemens Healthineers AG
13.8.1. Company details13.8.2. Financial outlook13.8.3. Interface summary13.8.4. Recent developments
13.9. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Medical Equipment Maintenance Market is projected to reach USD 122.32 billion by 2034, growing at a CAGR of 10.23% during the forecast period.
Medical Equipment Maintenance Market grew in Market size from 2025. The Market is expected to reach USD 122.32 billion by 2034, at a CAGR of 10.23% during the forecast period.
Medical Equipment Maintenance Market CAGR of 10.23% during the forecast period.
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Medical Equipment Maintenance Market size is USD 122.32 billion from 2025 to 2034.
Medical Equipment Maintenance Market is covered By Equipment, By Service, By Service Providers, By End User.
The North America is anticipated to have the highest Market share in the Medical Equipment Maintenance Market.
The key players in the Market include Companies Covered AlphaSource Group, Althea Group, Aramark, Braun SE, GE HealthCare, Koninklijke Philips N. V, Medtronic, Siemens Healthineers AG. And Others.
Medical equipment maintenance is the continuous process of making sure that the instruments, equipment, and medical devices used in healthcare institutions operate effectively, safely, and correctly. Maintaining medical equipment effectively is essential for patient safety, enhancing the grade of healthcare services, and meeting legal and regulatory requirements.
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