The Medical Equipment Maintenance Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Medical Equipment Maintenance Market?
The Medical Equipment Maintenance market has experienced swift growth lately, expanding from a market size of $40.56 billion in 2024 to $45.36 billion in 2025. This reflects a compound annual growth rate (CAGR) of 11.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Medical Equipment Maintenance Industry?
The global market for medical equipment maintenance is predicted to reach $71.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.2%.
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What are the Key Growth Drivers Fueling the Medical Equipment Maintenance Market?
The key drivers in the medical equipment maintenance market are:
• Integration of predictive analytics in maintenance procedures
• Emphasis on ongoing training and skill development
• Focus on extending the longevity of medical equipment
• Rising demand for specialized service providers in the field
Global Market Segmentation: Identifying Major Medical Equipment Maintenance Industry Segments
The medical equipment maintenance market covered in this report is segmented –
1) By Service Type: Preventive Maintenance, Corrective Maintenance, Operational Maintenance
2) By Device: Imaging Equipment, Endoscopic Devices, Surgical Instruments, Electro-medical Equipment
3) By Technology: Multi-Vendor OEMs, Single-Vendor OEMs, Independent Service Organization, In-House Maintenance
4) By End User: Hospital, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Centers, Dental Clinics And Specialty Clinics, Other End Users
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What are the Emerging Trends Shaping the Future of the Medical Equipment Maintenance Market?
The key trends in the medical equipment maintenance market are:
• The integration of predictive analytics is shaping the future of the market.
• The trend of outsourcing maintenance services is gaining traction.
• The market is increasingly shifting towards preventive maintenance approach.
• Remote monitoring solutions constitute a significant emerging trend.
Who Are the Top Competitors & Leading Players in the Medical Equipment Maintenance Market?
Major companies in the medical equipment maintenance market are:
• Hitachi Ltd.
• General Electric Co
• Medtronic plc
• Danaher Corporation
• Canon Inc.
• Toshiba International Corporation
• Siemens Healthineers AG
• FUJIFILM Holdings Corporation
• Koninklijke Philips N.V.
• Stryker Corporation
• Aramark Services Inc.
• Baxter International Inc.
• Henry Schein Inc.
• Quest Diagnostics Incorporated
• B. Braun Melsungen AG
• Olympus Corporation
• Dentsply Sirona Inc.
• Drägerwerk AG & Co KGaA
• Hill-Rom Holdings Inc.
• Getinge AB
• KARL STORZ SE & Co KG
• Carestream Health Inc.
• Althea Group Holdings Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the medical equipment maintenance market in 2024
