Medical Equipment Maintenance Market - By Service Type, By Service Provider, By Equipment, By End Use - Global Forecast, 2025 - 2034

Medical Equipment Maintenance Market Size

The global medical equipment maintenance market was estimated at USD 56.3 billion in 2024. The market is expected to grow from USD 61 billion in 2025 to USD 124.4 billion in 2034, at a CAGR of 8.2% during the forecast period, according to the latest report published by Global Market Insights Inc. The medical equipment maintenance market is driven by growing focus on patient safety and equipment uptime, high adoption of refurbished medical equipment, surging prevalence of chronic disorders, increase in adoption of advanced medical devices, and regulatory compliance requirements for medical device maintenance, among other contributing factors.

Rising healthcare investments globally, multi-vendor service contracts reducing complexity for hospitals, and demand for properly functioning medical devices are among the key factors propelling the industry demand. GE HealthCare, SIEMENS Healthineers, PHILIPS, Medtronic, and Baxter are among the leading players operating in the market. These players mainly focus on geographic expansion, collaboration with local or regional healthcare providers, regular training programs for skilled technicians, and integrating advanced technologies, among others.
 

The market reached USD 51.4 billion in 2023 from USD 43.1 billion in 2021. High adoption of advanced medical devices with the latest technologies, including imaging systems and surgical robots, requires the need for specialized maintenance to be performed regularly to maintain higher levels of precision and reliability. Such medical devices often come with a high price tag, and therefore, predictive & preventative maintenance is required to protect investments and reduce downtime. In addition, the requirement for comprehensive maintenance services is expected to continue to grow as hospitals upgrade their infrastructure as part of improving diagnostic accuracy and delivering better treatment outcomes.
 

Additionally, the growing prevalence of chronic illnesses such as diabetes, cardiovascular disorders, and cancer typically requires ongoing diagnostic testing and continuous monitoring. For instance, according to data from the WHO’s International Agency for Research on Cancer (IARC), the number of new cancer cases is expected to reach approximately 35 million per year, up from around 20 million in 2022. This high testing volume results in substantial usage of medical devices, which undergo wear and tear over time, leading to reduced life expectancy. Consequently, timely maintenance becomes essential to prevent device failure. Healthcare providers increasingly focus on maximizing device uptime, further driving the need for regular maintenance to ensure continuity of care.
 

Further, as hospitals and clinics seek to further minimize risks posed by equipment failure, it can place both patient safety and quality of care at risk. Preventive maintenance programs ensure that all devices are being operated within established safe parameters, which reduces the risk of error. The focus on reliability and oversight compliance is driving healthcare providers towards opting for planned maintenance solutions, which is propelling the market growth.
 

Maintenance of medical equipment refers to the systematic process of inspecting, servicing, repairing, and calibrating medical devices to ensure maximum performance, safety, compliance with regulations, and increased service life of equipment in healthcare facilities.
 

Medical Equipment Maintenance Market Trends

Predictive maintenance adoption, multi-vendor service models, outsourcing of maintenance services, and digitalization and remote monitoring are among the key trends shaping the market growth in an upward trajectory.
 

• Healthcare organizations are increasingly adopting AI- and IoT-enabled predictive maintenance to identify equipment faults before they take place. Improvement in this capacity leads to a reduction in downtime, optimization of costs, and an assurance of undisturbed patient care delivery, thus making it a key growth trend.
   
• Additionally, the introduction of digital platforms and remote monitoring tools enables operators to provide options for tracking equipment function in real time. Such systems improve workflow efficiency, prevent delays in servicing equipment, and can support proactive maintenance plans, especially across multi-location healthcare systems.
   
• Hospitals and clinics are opting for multi-vendor maintenance contracts to streamline operations and reduce costs. In this arrangement, facilities can manage multiple pieces of equipment from different manufacturers with one service agreement, thus encouraging growth in demand.
   
• Further, there is increasing focus on greener maintenance solutions, including refurbishing and recycling medical equipment, which supports global initiatives while helping healthcare providers manage costs and lower their environmental footprint.
   

Medical Equipment Maintenance Market Analysis

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In 2021, the market was valued at USD 43.1 billion and grew to USD 47 billion in 2022, reaching USD 51.4 billion by 2023. Outsourcing maintenance services to specialized providers and integration of remote monitoring and diagnostics are among the key variables contributing to industry growth.
 

Based on service type, the global medical equipment maintenance market is segmented into preventive maintenance, corrective maintenance, and operational maintenance. The preventive maintenance segment accounted for a leading share of 47.2% in 2024. Development of cost-effective maintenance packages for smaller facilities is anticipated to fuel the segmental growth. The segment is expected to exceed USD 60.5 billion by 2034, growing at a CAGR of 8.6% during the forecast period.
 

• Preventive maintenance covers regular inspections, calibration, and servicing of medical devices that minimize unplanned device failure and ensure the optimal performance of that device. This method reduces device downtime, extends the life of a device, and promotes patient safety by recognizing or fixing issues before they become challenging.
   
• Additionally, this practice of preventive maintenance has been adopted increasingly by hospitals and clinics to meet regulatory compliance and decrease expensive emergency repairs. It also enhances operational efficiency by maintaining a consistent device availability, making it especially important for devices subject to high demand, such as imaging systems and life-support equipment.
   
• Further, the increasing focus on reliability and cost savings has made preventive maintenance a leading industry segment in the market.
   
• The corrective maintenance segment was valued at USD 21.5 billion in 2024. Corrective maintenance involves repairing or restoring the medical equipment after breakdown or failure. This is important to maintain continuity of care when devices fail unplanned. Corrective maintenance services often include troubleshooting, part replacement, and recalibration to ensure the equipment is back to operational standards.
   
• Furthermore, corrective maintenance is reactive maintenance, but it is critically important for healthcare facilities that cannot afford extended downtime. My experience is that it does cost more and impact operations more than preventive strategies.
   
• Moreover, corrective maintenance incurs additional costs and is used when a preventive program is not available or feasible economically.
   

Based on service provider, the global medical equipment maintenance market is segmented into original equipment manufacturers (OEMs), in-house maintenance, and independent service organizations (ISOs). The original equipment manufacturers (OEMs) segment accounted for a leading share of 43.5% in 2024.
 

• OEMs control the maintenance market by providing tailored service, specification-based parts, and their technical know-how. These original equipment manufacturers strategies include long-term service contracts, predictive maintenance, and remote monitoring capabilities, often with a digital service platform, as solutions.
   
• OEMs guarantee compliance with regulatory guidelines and provide high-standard maintenance, which results in an increased preference for critical and high-value equipment.
   
• In addition, a strong brand reputation and the ability to provide upgrades and further software support also help maintain OEM positioning.
   
• Additionally, the in-house maintenance segment was valued at USD 18 billion in 2024. Large hospitals and healthcare organizations often have an in-house maintenance team to manage equipment maintenance and repair internally. This allows for better control over maintenance schedules and immediate response for equipment issues.
   
• Further, while this method is considered the preferred approach for high-volume facilities, in-house maintenance is not easy, and at various instances healthcare providers may need to outsource equipment maintenance for more complex and specialized equipment.
   
• Furthermore, the independent service organizations (ISOs) segment is anticipated to record the fastest growth with a CAGR of 8.5% over the forecast period. ISOs offer flexible and cost-effective maintenance solutions, adaptable to multi-vendor environments. These organizations are becoming more common in healthcare facilities interested in optimizing costs and simplifying management aspects of service.
   
• ISOs are able to offer competitive price structures, speedy response times, and tailored conditions, which appeal to less complex environments such as smaller hospitals and clinics.
   
• Moreover, ISOs can service different types of equipment without reliance on the original equipment distributor (OEM), making them effective competitors.
   

Based on equipment, the global medical equipment maintenance market is segmented into diagnostic imaging devices, electromedical devices, surgical instruments, patient monitoring and life support devices, dental equipment, endoscopic devices, laboratory equipment, and other equipment. The diagnostic imaging devices segment accounted for a leading share and was valued at USD 20.6 billion in 2024.
 

• To ensure the diagnostic accuracy of MRI, CT scanners, and X-ray machines, imaging equipment requires frequent calibration and preventive maintenance. All imaging equipment is sensitive and strictly regulated, highlighting the importance of uptime for patient care.
   
• Additionally, maintenance consists of working on software, quality control of images, and mechanical issues to avoid costs due to breakdowns. The complexity of these imaging systems, along with high costs, drives the demand for both OEM-led and predictive maintenance models.
   
• Further, the electromedical devices segment was valued at USD 15.7 billion in 2024. Electromedical devices include infusion pumps, defibrillators, and electrosurgical units that are used for therapeutic or life-support purposes. All devices require documented calibration standards and service to ensure safety.
   
• Maintenance includes checking for electrical safety, performing software diagnostics, and replacing deteriorated components. All these devices are extensively used in hospitals, ambulatory surgical centers, and specialty clinics, resulting in a demand for corrective and preventive maintenance services.
   
• Furthermore, the surgical instruments segment is expected to record the fastest growth with a CAGR of 9.2% over the forecast period. Surgical instruments, from basic surgical tools to robotic-assisted surgical systems, require thorough cleaning, sterilization, and inspection for proper working conditions.
   
• In addition, advanced robotic systems often require specialized service and updated software programming, increasing the opportunity for original equipment manufacturers (OEMs) and independent service organizations (ISOs) to provide maintenance service and programming as high-tech manufacturers.
   
• Moreover, the patient monitoring and life support devices segment was valued at USD 3.8 billion in 2024. Devices, such as ventilators, ECG monitors, and anesthesia machines, among others, are crucial in supporting continuous patient care. The devices maintenance involves proper calibration of sensors, battery inspection, and software upgrades, all of them contributing to uninterrupted operationability of the devices.

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Based on end use, the medical equipment maintenance market is segmented into hospitals & clinics, diagnostic imaging centers, ambulatory surgical centers (ASCs), dental clinics, dialysis centers, and other end users. The hospitals & clinics segment accounted for the leading market share of 58.5% in 2024 as it records high patient footfall including both public and private hospital settings.
 

• Hospitals and clinics dominate end-user segment because of their significant equipment inventory and high patient volumes. These facilities require continuous working and maintenance of equipment for diagnostic imaging, surgical tools, and life support devices to maintain a steady flow of care.
   
• Hospitals adhere to strict regulatory standards and provide efficient care, which is expected to drive them to opt for preventive and predictive maintenance programs. Large healthcare networks often combine in-house teams with OEM or ISO contracts for specialized service.
   
• Additionally, the diagnostic imaging centers segment was valued at USD 7.6 billion in 2024. Diagnostic imaging centers utilize advanced imaging equipment, including MRI, CT, and X-ray machines, which is important in providing accurate diagnostics. Due to the need for precise results, these centers have processes and procedures in place regarding preventive maintenance and calibrating imaging equipment to avoid expensive downtime.
   
• Further, owing to the high cost of imaging systems, service contracts with OEMs (original equipment manufacturers) or ISOs (independent service organizations) become a preferred option to ensure functional reliability and safety compliance.
   
• On the other hand, the ambulatory surgical centers segment is expected to record the highest growth with a CAGR of 9.1% over the forecast period. ASCs focus on surgical procedures performed on an outpatient basis and require surgical instruments, endoscopic devices, and patient monitoring devices to be properly maintained.
   
• Furthermore, ASCs typically prefer cost-effective service delivery models and multi-vendor contracts that enable effective management of diverse equipment ranges in these settings.

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North America Medical Equipment Maintenance Market
 

North America market accounted for majority share of 40.7% in 2024 in the global medical equipment maintenance industry and is anticipated to show notable growth over the forecast period.
 

The global medical equipment maintenance market research report includes an in-depth coverage of the industry with estimates and forecasts in terms of revenue in (USD Million) from 2021 - 2034 for the following segments:

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Market, By Service Type

• Preventive maintenance
• Corrective maintenance
• Operational maintenance

Market, By Service Provider

• Original equipment manufacturers (OEMs)
• In-house maintenance
• Independent service organizations (ISOs)

Market, By Equipment

• Diagnostic imaging devices
• Electromedical devices
• Surgical instruments
• Patient monitoring and life support devices
• Dental equipment
• Endoscopic devices
• Laboratory equipment
• Other equipment

Market, By End Use

• Hospitals & clinics
• Diagnostic imaging centers
• Ambulatory surgical centers (ASCs)
• Dental clinics
• Dialysis centers
• Other end use

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE