Medical Equipment Calibration Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Medical Equipment Calibration Market is Segmented by Equipment Type (Vital Sign Monitors, Ventilators, Fetal Monitors, Cardiovascular Monitors, and Other Equipment), Type of Service, End User, and Geography

Market Snapshot

Medical Equipment Calibration Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 9.3 %
Medical Equipment Calibration Market Key Players

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Market Overview

The medical equipment calibration market growth is driven by the rising demand for calibration services owing to various factors such as increasing hospital numbers, laboratories, rising environmental regulations and increased consumer focus on quality and accuracy, along with the increase in research and development measures as well as growing demand for medical devices will upsurge the growth of medical equipment calibration market.

As per the FDA annual recall lists of medical devices in 2019, 44 devices were recalled which is higher then the number of devices recalled in 2017 which is 32. Therefore, increasing recall of medical devices is another key driver expected to bring the demand to a higher-end for calibration of medical devices.

Scope of the Report

As per the scope of the report, the medical equipment calibration is the process that ensures the output of the medical devices is as per the industry standards. Calibration can be defined as a comparison between the standard measurement and measurement using the medical instrument. The calibration of medical equipment is an important aspect of quality control. Calibration is the method under which the device being tested is measured to some standard equipment to determine the quality of the equipment.

By Equipment Type
Vital Sign Monitors
Fetal Monitors
Cardiovascular Monitors
Imaging Equipment
Infusion Pumps
Other Equipment
By Type of Service
In-House Calibration Services
Third Party Calibration Services
OEM (Original Equipment Manufacturer) Calibration Services
By End User
Clinical Laboratories
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Key Market Trends

Imaging Equipment is Expected to Hold the Largest Market Share in the Medical Equipment Calibration Market

Dominant share is retained by the imaging equipment segment owing to the attributes such as a growing geriatric population and rising incidence of chronic diseases worldwide and the disease awareness is further expected to drive the market growth for imaging equipment. As per the statistics from GLOBOCAN 2018, there is an estimated 2,129,118 number of incident cases in the United States, in 2018, which is expected to grow by 2040 and reach a number of 3,096,944 cases.

In addition, the increasing population with an unhealthy lifestyle, the increasing prevalence of chronic diseases like cardiac disease, gastrointestinal conditions, and different genetic mutations requiring advanced imaging equipment are some of the considerations that are anticipated to strengthen the growth of the market for imaging equipment calibration.

Medical Equipment Calibration Market Key Trends

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall medical equipment calibration market, throughout the forecast period. This is owing to factors such as the rising cases of medical device recalls as technology-related recalls are also rising as medical equipment technology is becoming highly sophisticated. For the 14th sequential quarter, software issues continued to remain the primary cause of the recall.

Software, mislabeling, and quality problems were the top causes of recall in 2018 which is further expected to upsurge the demand for the medical equipment calibration market during the forecast period.

Medical Equipment Calibration Market Growth Rate

Competitive Landscape

The Medical Equipment Calibration market is moderately competitive and consists of a few major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe. Some of the companies which are currently dominating the market are Biomed Technologies Inc. (Abbott Laboratories), Industrial Calibration and Service Co. Inc., Fluke Biomedical (Fortive), JM Test Systems Inc., and Tektronix, Inc.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Strict Regulatory Framework and Enhanced Consumer Attention on Quality of Product

      2. 4.2.2 Increasing Product Recall Incidences

    3. 4.3 Market Restraints

      1. 4.3.1 Limited Consciousness and Eagerness for Medical Devices Calibration

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Equipment Type

      1. 5.1.1 Vital Sign Monitors

      2. 5.1.2 Ventilators

      3. 5.1.3 Fetal Monitors

      4. 5.1.4 Cardiovascular Monitors

      5. 5.1.5 Imaging Equipment

      6. 5.1.6 Infusion Pumps

      7. 5.1.7 Other Equipment

    2. 5.2 By Type of Service

      1. 5.2.1 In-House Calibration Services

      2. 5.2.2 Third Party Calibration Services

      3. 5.2.3 OEM (Original Equipment Manufacturer) Calibration Services

    3. 5.3 By End User

      1. 5.3.1 Clinical Laboratories

      2. 5.3.2 Hospitals

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Fluke Biomedical (Fortive)

      2. 6.1.2 Biomed Technologies Inc. (Abbott Laboratories)

      3. 6.1.3 JM Test Systems, Inc.

      4. 6.1.4 Industrial Calibration and Service Company, Inc. (IN-CAL)

      5. 6.1.5 Tektronix, Inc.

      6. 6.1.6 JPen Medical

      7. 6.1.7 TAG Medical

      8. 6.1.8 NS Medical Systems

      9. 6.1.9 Transcat, Inc.

      10. 6.1.10 Medserve Ltd.

    2. *List Not Exhaustive

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Medical Equipment Calibration Market market is studied from 2018 - 2026.

The Medical Equipment Calibration Market is growing at a CAGR of 9.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Industrial Calibration and Service Co. Inc., JM Test Systems Inc., Tektronix, Inc., Biomed Technologies Inc. (Abbott Laboratories), Fluke Biomedical (Fortive) are the major companies operating in Medical Equipment Calibration Market.

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