Lucintel's latest market report analyzed that medical equipment maintenance provides attractive opportunities in public and private hospitals. The medical equipment maintenance market is expected to reach $58 billion by 2028 with a CAGR of 10.7%. In this market, preventive maintenance is the largest segment by service type, whereas imaging equipment is largest by device type. Emergence of ISOs and advancement in imaging equipment technologies provides strategic growth path in this market.
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Based on service type, the medical equipment maintenance market is segmented into preventive maintenance, corrective maintenance, and operational maintenance. The preventive maintenance segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to regular maintenance services ensure safe, efficient, and long lasting use of medical devices.
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The Medical Equipment Maintenance Market is marked by the presence of several big and small players. Some of the prominent players offering medical equipment maintenance include GE Healthcare, Siemens Healthineers, Koninklijke Philips, Stryker, Canon, Fujifilm, Hitachi, Shimadzu, Alliance Medical Group, Althea Group.
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