Overview


According to FutureWise analysis the market for Medical Equipment Maintenance in 2023 is US$ 48.8 billion, and is expected to reach US$ 111.01 billion by 2031 at a CAGR of 10.82%.

Medical device maintenance is critical for obtaining safe, accurate, and reliable test results for diagnostic procedures, monitoring patient therapy, and avoiding medical device failure. Medical equipment maintenance can be divided into three types: preventive, corrective, and operational. Proper and adequate medical equipment maintenance planning, management, and implementation are required for any healthcare institution to provide superior healthcare services while meeting regulatory standards. Medical equipment is any device used to carefully examine people's health, from diagnostics to operations and treatments. These devices must be maintained in order to preserve and improve the precision and accuracy of medical equipment maintenance. Medical equipment maintenance ensures that the devices are error-free and function properly.

One of the main factors supporting the expansion of the market for medical equipment maintenance is the growing emphasis on preventative maintenance of medical equipment. The focus on the preventative maintenance of medical equipment has increased over the past few years as healthcare facilities aim to improve patient safety and the standard of treatment. This calls for a well-planned program where regular upkeep tasks are completed to avoid bigger, costlier issues in the future. Also, it aids in lowering equipment downtime, which raises device reliability and optimises daily operations. Preventive maintenance is becoming more and more popular for medical equipment as planned inspections and maintenance on medical devices assist in preventing negative incidences and mishaps involving medical devices. The safety, effectiveness, and long-term usage of medical equipment are all guaranteed by routine maintenance services.

FutureWise Market Research has published a report that provides an insightful analysis of medical equipment maintenance market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.

According to the analysis conducted by FutureWise research analysts, the medical equipment maintenance market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.

  • GE Healthcare (A General Electric Company)
  • Siemens Healthineers (A Division of Siemens AG)
  • Koninklijke Philips N.V
  • Canon Inc
  • Fujifilm Holdings Corporation
  • Aramark Services, Inc
  • Althea (Previously Pantheon Healthcare Group, A Part of Permira Group)
  • Drägerwerk AGCo. KGaA
  • Agfa-Gevaert Group
  • B. Braun Melsungen AG
  • Carestream Health, Inc. (Subsidiary of Onex Corporation)
  • Olympus Corporation
  • BC Technical, Inc. (Part of Alpha Source Group)
  • Hitachi Medical Corporation (Hitachi, Ltd.)
  • Karl Storz GmbHCo. Kg.

(Note: The list of the major players will be updated with the latest market scenario and trends)

Rising medical facility investments are expected to drive demand for medical equipment maintenance services. Furthermore, governments all over the world are now focusing on the development of advanced-technology healthcare facilities. As the development of healthcare facilities and technological advancement is increasing, error in handling the equipment as well as maintaining is also increasing. According to studies, the quality of maintenance services is not keeping up with industry growth, rising costs, and sales volumes which can hinder the growth of medical equipment maintenance market. In spite of downfall, technological advancement is also improving the quality of life of patients and medical professionals at the care provider site and home. With the advancements in technology maintenance of medical equipment will become more important day-by-day. Henceforth, the aforementioned factors are expected to propel the growth of medical equipment maintenance market in the years to come.

By Device Type

  • Imaging equipment
    • Advanced imaging modalities
      • CT
      • X-ray
      • Other advanced imaging modalities
    • Primary imaging modality
      • Digital X-ray
      • Ultrasound
      • Other primary medical imaging modalities
  • Electro-medical equipment
  • Endoscopic devices
  • Surgical instruments
  • Other medical equipment
    • Life support devices
    • Dental equipment

By Service Type

  • Preventive Maintenance
  • Corrective Maintenance
  • Operational Maintenance

By Service Provider Type

  • Original equipment manufacturer (OEM)
    • Multi-vendor OEMs
    • Single-vendor OEMs
  • Independent service organizations (ISO)
  • In-house maintenance

By End-User

  • Public Organizations
  • Private Organizations

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. Due to the region's extensive hospital and ambulatory surgical centre infrastructure, increased chronic disease incidence, higher healthcare spending, and advanced medical infrastructure. Additionally, it is projected that the region's increased need for innovative medical equipment will fuel market expansion.


  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players, which are growing rapidly
  • New Entrants
  • SWOT analysis
  • New advancements in maintenance of medical equipment
  • Innovation in service offerings and use of IoT
  • To provide with an exhaustive analysis on the medical equipment maintenance market by device type, by service type, by service provider type, by end user and by region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America, Middle East and Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies
  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Medical Equipment Maintenance Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Medical Equipment Maintenance Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Medical Equipment Maintenance Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Medical Equipment Maintenance Market, By Device Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Imaging Equipment
         1.1. Advanced Imaging Modalities
          1.1.1. CT
          1.1.2. MRI
          1.1.3. Other Advanced Medical Imaging Modalities
         1.2. Primary Imaging Modalities
          1.2.1. Digital X-Ray
          1.2.2. Ultrasound
          1.2.3. Other Primary Medical Imaging Modalities
        2. Electromedical Equipment
        3. Endoscopic Devices
        4. Surgical Instruments
        5. Other Medical Equipment
         5.1. Life Support Devices
         5.2. Dental Equipment

  • 8.   Medical Equipment Maintenance Market, By Service Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Preventive Maintenance
        2. Corrective Maintenance
        3. Operational Maintenance

  • 9.   Medical Equipment Maintenance Market, By Service Provider Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Original Equipment Manufacturers
         1.1. Multi-Vendor OEMs
         1.2. Single-Vendor OEMs
        2. Independent Service Organizations
        3. In-House Maintenance

  • 10.   Medical Equipment Maintenance Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Public Organizations
        2. Private Organizations

  • 11.   North America Medical Equipment Maintenance Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 12.   Latin America Medical Equipment Maintenance Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 13.   Europe Medical Equipment Maintenance Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 14.   Asia Pacific Medical Equipment Maintenance Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 15.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 16.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 17.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. GE Healthcare
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Siemens Healthineers
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Koninklijke Philips N.V.
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Canon Inc.
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. FUJIFILM Holdings Corporation
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Aramark Services, Inc.
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Althea
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Drägerwerk AGCo. KGaA
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Agfa-Gevaert Group
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. B. Braun Melsungen AG
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Carestream Health, Inc.
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Olympus Corporation
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. Bc Technical, Inc.
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14. Hitachi Medical Corporation
         14.1. Company Overview
         14.2. Product Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview
        15. Karl Storz GmbHCo. Kg
         15.1. Company Overview
         15.2. Product Portfolio
         15.3. SWOT Analysis
         15.4. Financial Overview
         15.5. Strategic Overview

  • 18.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 19.   FutureWise SME Key Takeaway Points for Client
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