The medical equipment maintenance market was USD 48.9 billion in 2023, and it will touch USD 98.9 billion, powering at a 10.7% compound annual growth rate, by 2030.
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The growth in this industry is because of the enhancements in medical devices, increasing consciousness regarding preventive maintenance, and strict regulatory environments all over the world.
The imaging category, on the basis of type, will lead the industry throughout this decade. This can be mainly because of the extensive utilization of imaging equipment for different medical conditions, such as neurological disorders and cancer.
The preventive and predictive category, on the basis of service type, is likely to propel at the fastest compound annual growth rate, in the years to come. This can be mainly because of the extensive range of services provided by service providers in the category, which produces huge expense savings for public- and private-sector establishments.
North America was the largest contributor to the industry in 2023, and it will remain leading in the years to come. This can be mainly because of the surging aging populace, increasing burden of ailment, growing acceptance of medical imaging systems, and rising count of hospitals.
Asia-Pacific is likely to observe the highest compound annual growth rate in the years to come. The key factors boosting this progression would be the surging incidence of chronic illnesses that need medical devices for early diagnosis and the rising count of diagnostic tests conducted in this region.
It is because of the continuous progression of medical devices, the medical equipment maintenance industry will continue to progress in the years to come.
