The global medical equipment maintenance market size was valued at USD 41.90 billion in 2023 and is projected to reach USD 81.32 billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030. This strong growth is primarily driven by the increasing demand for medical devices across the globe, the rising prevalence of life-threatening disorders that require timely and accurate diagnosis, and the growing demand for refurbished medical equipment. As healthcare providers increasingly rely on a wide range of medical devices for effective patient care, the need for regular maintenance and servicing is expected to rise significantly over the forecast period.

Medical equipment is extensively used in healthcare service delivery, and the success rate of treatments is highly dependent on the accuracy, reliability, and performance of these devices. At present, numerous medical devices such as electrocardiographs, syringe pumps, centrifuges, X-ray units, autoclaves, and ultrasound systems are widely used for diagnostic and therapeutic purposes. Continuous usage, operational wear and tear, technical defects, and unexpected malfunctions make regular maintenance essential to ensure optimal performance, patient safety, and compliance with healthcare standards.

Furthermore, increasing global disposable income levels, a rising number of medical device approvals, and the growing adoption of advanced technologies in emerging economies are expected to further boost the sales of medical devices, thereby increasing the demand for maintenance services. In addition, the growing geriatric population has led to higher expenditure on remote patient monitoring devices. These devices require frequent servicing and upkeep to function effectively, which is anticipated to further propel the growth of the medical equipment maintenance market during the forecast period.

Key Market Trends & Insights:

• The North America medical equipment maintenance market dominated the global industry in 2023. This dominance can be attributed to the region’s advanced healthcare infrastructure, widespread adoption of sophisticated medical technologies, and strong emphasis on preventive maintenance and regulatory compliance. Healthcare providers in the region increasingly rely on regular maintenance services to ensure equipment accuracy, minimize downtime, and maintain patient safety.

• Within North America, the U.S. medical equipment maintenance market led the regional landscape in 2023 with the largest revenue share. The country’s leadership is driven by a high concentration of healthcare facilities, extensive use of advanced diagnostic and therapeutic equipment, and increased investments in healthcare technology. In addition, strict regulatory requirements related to equipment performance and safety have further supported demand for maintenance services.

• Based on equipment type, the imaging equipment segment dominated the market with a share of 36.1% in 2023. Imaging systems, such as X-ray, MRI, CT, and ultrasound devices, require regular servicing and calibration to ensure accurate diagnostic results. Their critical role in disease detection and treatment planning has contributed to the strong demand for maintenance services within this segment.

• By service type, the original equipment manufacturer (OEM) segment accounted for the largest revenue share in 2023. OEM maintenance services are widely preferred due to their specialized expertise, access to genuine replacement parts, and ability to ensure compliance with manufacturer standards. These factors make OEM services a reliable choice for healthcare providers seeking long-term equipment performance and reduced operational risks.

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Market Size & Forecast:

• 2023 Market Size: USD 41.90 Billion

• 2030 Projected Market Size: USD 81.32 Billion

• CAGR (2024-2030): 10.0%

• North America: Largest market in 2023

• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

Some of the key companies operating in the medical equipment maintenance market include GE Healthcare, Siemens Healthineers AG, Medtronic, Aramark, and several other established players. These prominent companies have adopted a range of strategic initiatives such as service differentiation, strategic collaborations, and long-term service agreements in response to increasing market competition and the continuous demand for maintenance services for advanced medical equipment. Such strategies enable companies to strengthen customer relationships, enhance service quality, and ensure consistent equipment performance across healthcare facilities.

GE HealthCare, one of the major participants in the medical equipment and medical technology industry, provides a comprehensive portfolio of medical equipment maintenance services and solutions. Its offerings include planned maintenance kits, equipment repair solutions, and specialized technical support services. Through these solutions, GE HealthCare helps healthcare providers ensure optimal equipment performance, minimize downtime, and maintain high standards of patient safety and operational efficiency.

Key Players

• GE HealthCare

• Siemens Healthineers AG

• Medtronic

• Aramark

• Koninklijke Philips N.V.

• B. Braun SE

• AlphaSource Group

• Althea Group

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Conclusion:

The Grand View Research report concludes that the global medical equipment maintenance market is expected to grow steadily over the forecast period, driven by increasing global demand for medical devices, a rising prevalence of serious health conditions that require ongoing diagnosis and treatment, and a growing reliance on both new and refurbished medical equipment. Key market dynamics include a strong emphasis on maintaining the performance and reliability of critical healthcare devices, expansion of healthcare infrastructure, and broader adoption of advanced technologies. These factors collectively support stronger demand for comprehensive maintenance services, highlighting the growing importance of efficient and reliable maintenance solutions in the evolving healthcare landscape.