Global Medical Equipment Maintenance Market to 2032

Overview

The Global Medical Equipment Maintenance Market is expected to reach a 51,765.39 USD Billion by 2032 and is projected to grow at a CAGR of 8.70% from 2025 to 2032.

Revenue, 2024 (USD Billion)

26,558.48

Forecast, 2032 (USD Billion)

51,765.39

CAGR, 2024 - 2032

8.70%

Report Coverage

Global

Global Medical Equipment Maintenance Market 2018-2032 USD Billion

Global Medical Equipment Maintenance Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 26,558.48 USD Billion
Projected Market Size (2032): 51,765.39 USD Billion
CAGR (2025-2032): 8.70%

Key Findings of Global Medical Equipment Maintenance Market

The Global Medical Equipment Maintenance Market was valued at 51,765.39 USD Billion in 2024.
The Global Medical Equipment Maintenance Market is likely to grow at a CAGR of 8.70% during the forecast period of 2024 to 2032.
In 2024, the Largest segment In-House Service Providers in Service Providers Segment accounted for the largest share of the market with a revenue of 14,590.80 USD Billion
The fastest growing segment Imaging Equipment in Device Type Segment grew Fastest with a CAGR of 9.21% during the forecast period from 2024 to 2032.

Global Medical Equipment Maintenance Market Scope

Global Medical Equipment Maintenance Market Segmentation & Scope

Device Type

Other Medical Equipment
Surgical Instruments
Electromedical Equipment
Endoscopic Devices
Imaging Equipment

Service Type

Performance/Operational
Corrective
Preventive

Service Providers

External Service Providers
In-House Service Providers

Level of Maintenance

Level 1, User (or First-line)
Level 2, Technician
Level 3, Specialized

End User

Other Health Care Centers
Laboratory
Clinics
Hospitals

Global Medical Equipment Maintenance Market Data Coverage Insights

Study Period	2024-2032
Base Year	2020
Unit	Revenue in USD Billion
Market Value in 2024	26,558.48 USD Billion
Market Value in 2032	51,765.39 USD Billion
CAGR (2025-2032)	8.70%
Historic Data	2016-2023
Market Segments Covered	Device Type,Service Type,Service Providers,Level of Maintenance,End User

Regional Insights:

Leading Market (2024-2032): Global, leading in terms of revenue 26,558.48 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 5,093.66 USD Billion in 2024.

Segments and Scope

Global Medical Equipment Maintenance Market to 2032, By Device Type
- Imaging Equipment is the largest segment in Global Medical Equipment Maintenance Market to 2032 with a revenue of 9,122.98 USD Billion in the year 2024.
- Imaging Equipment is the Fastest growing segment in Global Medical Equipment Maintenance Market to 2032 with a Growth rate of 9.21 % in forecast period 2025-2032.
Global Medical Equipment Maintenance Market to 2032, By Service Type
- Preventive is the largest segment in Global Medical Equipment Maintenance Market to 2032 with a revenue of 12,825.28 USD Billion in the year 2024.
- Preventive is the Fastest growing segment in Global Medical Equipment Maintenance Market to 2032 with a Growth rate of 9.13 % in forecast period 2025-2032.
Global Medical Equipment Maintenance Market to 2032, By Service Providers
- In-House Service Providers is the largest segment in Global Medical Equipment Maintenance Market to 2032 with a revenue of 14,590.80 USD Billion in the year 2024.
- In-House Service Providers is the Fastest growing segment in Global Medical Equipment Maintenance Market to 2032 with a Growth rate of 9.03 % in forecast period 2025-2032.
Global Medical Equipment Maintenance Market to 2032, By Level of Maintenance
- Level 3, Specialized is the largest segment in Global Medical Equipment Maintenance Market to 2032 with a revenue of 12,142.58 USD Billion in the year 2024.
- Level 3, Specialized is the Fastest growing segment in Global Medical Equipment Maintenance Market to 2032 with a Growth rate of 9.09 % in forecast period 2025-2032.
Global Medical Equipment Maintenance Market to 2032, By End User
- Hospitals is the largest segment in Global Medical Equipment Maintenance Market to 2032 with a revenue of 10,619.23 USD Billion in the year 2024.
- Hospitals is the Fastest growing segment in Global Medical Equipment Maintenance Market to 2032 with a Growth rate of 9.20 % in forecast period 2025-2032.

Global Medical Equipment Maintenance Market Company Share Analysis

Company Name
Koninklijke Philips N.V.
Stryker
Boston Scientific Corporation or its affiliates
B. Braun SE
Cardinal Health

Global Medical Equipment Maintenance Market Geographical Sales Distribution, 2018-2032 USD Billion

Global Medical Equipment Maintenance Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Global Medical Equipment Maintenance Market?

The Global Medical Equipment Maintenance Market is segmented based on Segmentation Device Type,Service Type,Service Providers,Level of Maintenance,End User.

What is the current market size of the Global Medical Equipment Maintenance Market?

Global Medical Equipment Maintenance Market was valued at USD 26,558.48(Revenue in USD Billion) in 2020.

What is the expected growth rate of the Global Medical Equipment Maintenance Market?

Global Medical Equipment Maintenance Market is projected to grow at a CAGR of 8.70% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Global Medical Equipment Maintenance Market?

The In-House Service Providers segment is expected to dominate the Global Medical Equipment Maintenance Market, holding a largest market share of 14,590.80 USD Billion in 2024