The medical equipment maintenance market is forecast to reach $45.5 billion by 2025

   October 21, 2020
According to a new market report published by Lucintel, the growth of the medical equipment maintenance market looks promising with opportunities in the public and private hospitals. The global medical equipment maintenance market is expected to decline in 2020 due to global economic recession led by COVID-19 outbreak. However, the market will witness recovery in the year 2021 and it is expected to reach an estimated $45.5 billion by 2025 with a CAGR of 5%-7% from 2019 to 2025. The major drivers for this market are growth in the demand of medical equipments, increasing focus on preventive maintenance, and wide acceptance of refurbished medical equipments.

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In this market, maintenance services of medical equipment consists of preventive, corrective, and operational maintenance for imaging equipment,  endoscopic devices, surgical instruments, and electromedical equipment. Lucintel forecasts that the preventive maintenance market will remain the largest service type over the forecast period as this maintenance service ensures safe, efficient, and long-lasting use of medical devices.

Within this market, maintaince services for imaging equipement is expected to witeness the highest growth over the forecast period  due to high replacement costs and the need for ensuring maximum equipment uptime.

North America will remain the largest region over the forecast period due to high adoption of advanced technology, well-established healthcare infrastructure, and growing medical device market in this region.

Emerging trends, which have direct impact on the dynamics of the industry, include emergence of ISOs and advancement in imaging equipment technologies. GE Healthcare, Siemens Healthineers, Koninklijke Philips, Canon, and Stryker are among the major players in the medical equipment maintenance market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the medical equipment maintenance market market by device, service, service provider, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Medical Equipment Maintenance Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the medical equipment maintenance market by device, service, service provider, end user, and region as follows:

By Device Type [Value ($ Million) from 2014 – 2025]:

  • Imaging Equipment

  • Advanced Imaging Modalities

  • Primary Imaging Modalities

  • Endoscopic Device

  • Surgical Instruments

  • Electromedical Equipment

  • Others

By Service Type [Value ($ Million) from 2014 – 2025]:

  • Preventive Maintenance

  • Corrective Maintenance

  • Operational Maintenance

By Service Provider [Value ($ Million) from 2014 – 2025]:

  • Original Equipment Manufacturers (OEMs)

  • Multi- Vendor OEMs

  • Single-Vendor OEMsl,

  • Independent Service Organizations (ISOs)

  • In-House Maintenance

By End User [Value ($ Million) from 2014 – 2025]:

  • Private Sector Organizations

  • Public Sector Organizations

By Region [Value ($ Million) from 2014 – 2025]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • Germany

    • Italy

    • France

    • United Kingdom

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

  • The Rest of the World

    • Brazil

This 211 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at

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