
Study Period | 2019 - 2030 |
Market Size (2025) | USD 59.29 Billion |
Market Size (2030) | USD 97.54 Billion |
CAGR (2025 - 2030) | 10.47 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Medical Equipment Maintenance Market Analysis
The Global Medical Equipment Maintenance Market size is estimated at USD 59.29 billion in 2025, and is expected to reach USD 97.54 billion by 2030, at a CAGR of 10.47% during the forecast period (2025-2030).
As medical devices play a crucial role in ensuring patient safety and care quality, the demand for their medical equipment maintenance has surged. These devices, routinely employed for patient scans and diagnoses, necessitate diligent maintenance to mitigate future repair costs. Medical equipment maintenance encompasses scheduled inspections, routine checkups, and proactive repairs. This approach not only averts equipment failures but also guarantees optimal functionality. Furthermore, by identifying and addressing potential issues early on, preventive maintenance safeguards against future breakdowns and malfunctions. As the patient pool grows and technological advancements continue, healthcare facilities are increasingly turning to preventive maintenance for their medical devices. This surge in demand is largely driven by the rising need for medical devices.
Industry analysis shows that leading manufacturers of medical equipment have established routine preventive maintenance networks to ensure optimal performance. For example, Fujifilm India introduced its 'Fujifilm Connect' app in June 2023, enabling healthcare professionals to manage and monitor their medical diagnostic devices effectively. This tool not only aids healthcare professionals but also allows Fujifilm to keep a close eye on its devices' performance. In a similar vein, B. Braun inaugurated a technical service center in December 2023, aiming to bolster Thailand's public health system with repair and maintenance services. Such strategic moves by market leaders and industry players are anticipated to fuel market growth in the coming years.
Strict regulatory framework is expected to promote the timely maintenance of medical equipment, consequently driving the global market growth. Globally recognized regulatory bodies, including the Therapeutic Goods Administration, the United States Food and Drug Administration (USFDA), and the Medicines and Healthcare products Regulatory Agency (MHRA), enforce stringent regulations on medical equipment safety. Given that medical devices play a pivotal role in disease diagnosis and imaging, any misdiagnosis can have dire repercussions. For instance, as per the October 2024 update by the European Union, the European Medical Device Regulation (MDR) has been fully implemented, introducing stricter classification rules and bolstering post-market surveillance requirements. Manufacturers are now required to recertify higher-risk devices by December 31, 2027, and lower-risk devices by December 31, 2028. Therefore, healthcare facilities are often mandated to adhere to the stringent standards set by these regulatory authorities. At a world level, medical equipment maintenance market growth is driven by factors like the rising incidence of chronic diseases, pressing need for advanced medical device maintenance, and the emergence of key players offering medical equipment services . However, the high cost of medical equipment maintenance services is expected to hinder the market growth over the forecast period.
Medical Equipment Maintenance Market Insights and Trends
Imaging Segment Dominates the Market
The imaging equipment segment is expected to have a significant medical equipment maintenance market share with a CAGR of 10.20% over the forecast period (2024-2029). This industry report estimates that the segment is expected to have a market value of USD 19.29 billion in 2024 and is likely to reach a market value of USD 31.35 billion by 2029.
Imaging equipment, as an end-use segment, utilizes maintenance services specifically for devices such as MRI machines, X-ray equipment, CT scanners, and ultrasound devices. With a growing patient pool and an increasing prevalence of chronic conditions, healthcare facilities are seeing heightened demand for the services of these imaging tools. Consequently, regular maintenance services for this equipment have become paramount, which is a driving force for the imaging segment’s growth over the forecast period.
Segment growth is also fueled by a multitude of maintenance service providers and a surge in diagnostic procedures worldwide. Further, the rising prevalence of chronic disorders like cardiovascular diseases, cancer, diabetes, and neurological disorders, among others, is projected to create a higher demand for accurate diagnosis and imaging, thereby fueling the demand for imaging modalities and their regular maintenance services. For instance, according to the October 2024 update by the Centers for Disease Control and Prevention, coronary heart disease stands as the predominant form of heart disease in the United States. As per the same source mentioned above, coronary artery disease affects roughly 1 in every 20 individuals in the United States. Hence, due to emerging cases of heart disease, accurate diagnosis is essential, which ultimately drives the demand for imaging devices and propels the growth of their maintenance services over the forecast period.
Segment growth is additionally driven by various organic and inorganic developments undertaken by market participants to bolster their business avenues. For instance, in January 2023, Radon Medical Imaging, one of the leading imaging device repair service companies, acquired Premier Imaging Medical Systems. This acquisition strengthened the company’s geographic presence and contributed to the segment expansion.
Owing to the aforementioned factors, such as the rising number of diagnostic procedures, increasing burden of chronic disorders, and rising demand for regular service maintenance, this market forecast report shows consistent growth for imaging segment during 2024 to 2029.

Corrective Maintenance Segment in Service Type is Expected to Hold a Major Medical Equipment Maintenance Market Share
The corrective maintenance segment in the service type segment is forecast to have a significant market share with a CAGR of 10.12% over the studied period (2024-2029). Market research estimates that the corrective maintenance segment is expected to have a market value of 29.94 billion in 2024 and is likely to reach a market value of USD 48.49 billion by 2029.
Corrective maintenance segment focuses on repairing equipment during malfunctions or failures, addressing breakdowns of instruments. It encompasses the replacement and restoration of systems, with the goal of returning the equipment to its original operational state. Given the rising instances of equipment failures; stemming from constant use and relentless demands in contemporary healthcare facilities this segment is poised for swift expansion. Preventive maintenance is typically the preferred approach for critical assets. In contrast, less critical assets may benefit more from a cost effective corrective maintenance strategy.
The medical equipment maintenance market is segmented by service type, service provider, end-use and end user. By service type, the market is segmented into preventive maintenance, corrective maintenance, and operational maintenance. By service providers, the market is segmented into independent service organizations and original equipment manufacturers. By end use, the market is segmented into imaging equipment, endoscopic devices, surgical equipment, and other products. By end user, the market is segmented into hospitals, laboratories, diagnostic imaging centers, dialysis centers, ambulatory surgical centers, dental clinics, and specialty clinics, and other end-users. The healthcare industry is witnessing a huge shift towards sophisticated and advanced medical devices in healthcare facilities. The revenue share of the key companies is enhanced due to the emerging growth rate of medical devices, which ultimately supports the medical equipment maintenance market.
North America Expected to Witness Significant Growth in the Medical Equipment Maintenance Market
By geography, the North America region is likely to hold a major medical equipment maintenance market share with an estimated market size of USD 21.66 billion in 2024, expected to reach USD 36.85 billion by 2029, with a CAGR of 11.21%. North America is expected to have the largest share throughout the forecast period due to the high burden of various chronic diseases and the increase in demand for patient care and life support.
For instance, according to the latest fast facts released by the Centers for Disease Control and Prevention in July 2024, 90% of the United States' yearly healthcare spending is allocated to individuals with chronic and mental health conditions. This points to the high burden of chronic diseases in the region, which is further anticipated to fuel the demand for various medical devices. This rise in demand is likely to boost the demand for various maintenance services, including corrective maintenance and preventive maintenance, which ultimately propels the market growth over the forecast period.
Moreover, healthcare spending investments encompass the adoption of advanced medical equipment and maintenance services. For instance, in November 2023, Canada's health expenditure was projected to hit CAD 344 billion, translating to approximately CAD 8,740 for each Canadian. This expenditure accounted for around 12.1% of the nation's GDP, positioning Canada as one of the leading spenders among OECD nations. Over half of the total health expenditure was allocated to three primary sectors: hospitals received 26%, while both drugs and physicians garnered 14% each. These investments are likely to raise the adoption of medical equipment in the various healthcare facilities in the region. This is further anticipated to create demand for maintenance and services for these devices in this region in the coming years.
Consequently, driven by factors such as increasing healthcare expenditure and a rise in chronic diseases, the North American market is projected to experience decent growth in medical equipment maintenance during the forecast period.
By geography, the market is segmented into North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, Rest of Middle East and Africa), and South America (Brazil, Argentina, Rest of South America). Furthermore, emerging countries like East Africa and other Middle Eastern countries demand advanced medical devices and home care products for patient safety. Key service providers offer advanced maintenance and services to these medical devices, which is expected to propel the market growth over the forecast period.

Medical Equipment Maintenance Industry Overview
The competitive landscape of the medical equipment maintenance industry is fragmented, with most players competing to maximize their market shares. Key players in the medical equipment maintenance market research are Alliance Medical Group Alpha Source Inc., Althea Group, Aramark, Canon Inc., GE Healthcare, Koninklijke Philips NV, Shimadzu Corporation, Siemens AG, and Stryker Corporation, among others.
These key players prioritize different types of medical equipment maintenance services in their offerings, with a keen focus on boosting both the market share and the value of their products. Such dedicated efforts in market research are poised to drive market growth in the coming years. For instance, in November 2024, Surgical Holdings, a medical equipment maintenance service company from United Kingdom, collaborated with the United Kingdom Government on the pioneering Design for Life Roadmap. This initiative aims to transform the healthcare sector through sustainable innovation. This partnership marks a significant milestone, and the company is committed to fostering a healthcare system that is resilient, sustainable, and patient-centered.
Consequently, strategic collaborations by the key companies are set to drive market growth and influence market trends during the forecast period.
Medical Equipment Maintenance Market Leaders
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Canon Inc
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Siemens
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stryker
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Koninklijke Philips NV
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GE Healthcare.
- *Disclaimer: Major Players sorted in no particular order

Medical Equipment Maintenance Market News
- November 2024: Surgical Holdings, a UK-based manufacturer and repairer of medical devices, made its third consecutive appearance at MEDICA 2024: with a focus on bolstering partnerships throughout Europe and broadening its presence in pivotal markets. At the show, the company unveiled its latest innovations, featuring the new International Surgical Instruments Catalogue and solutions aimed at enhancing surgical care while championing sustainability.
- March 2024: Surgical Holdings, a renowned British manufacturer and repairer of premium surgical instruments, unveiled a new division dedicated to consumables. This initiative aims to bolster the supply chain resilience for single-use surgical solutions.
- May 2023: Block Imaging was acquired by Siemens Healthineers, a subsidiary of Siemens AG, and CommonSpirit Health. The Block Imaging acquisition will bring more sustainable solutions to meet the growing demand for multichannel imaging parts and services from United States hospitals, health systems, and other care sites.
- March 2023: GE Healthcare and Advantus Health signed a USD 760 million device maintenance deal. This deal enabled companies to bolster their position in the medical device maintenance sector.
Medical Equipment Maintenance Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Focus on Preventive Maintenance of Medical Equipment
- 4.2.2 Rising Investments of Healthcare Providers and Governments in Infrastructure
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4.3 Restraints
- 4.3.1 High Cost of Medical Equipment Maintenance
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value in USD Billion)
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5.1 Service Type
- 5.1.1 Preventive Maintenance
- 5.1.2 Corrective Maintenance
- 5.1.3 Operational Maintenance
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5.2 By Service Providers
- 5.2.1 Independent Service Organizations
- 5.2.2 Original Equipment Manufacturers
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5.3 By End Use
- 5.3.1 Imaging Equipment
- 5.3.2 Endoscopic Devices
- 5.3.3 Surgical Equipment
- 5.3.4 Other Products
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5.4 By End User
- 5.4.1 Hospitals
- 5.4.2 Laboratories
- 5.4.3 Diagnostic Imaging Centers
- 5.4.4 Dialysis Centers
- 5.4.5 Ambulatory Surgical Centers
- 5.4.6 Dental Clinics and Speciality Clinics
- 5.4.7 Other End Users
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5.5 Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
- 5.5.2 Europe
- 5.5.2.1 Germany
- 5.5.2.2 United Kingdom
- 5.5.2.3 France
- 5.5.2.4 Italy
- 5.5.2.5 Spain
- 5.5.2.6 Rest of Europe
- 5.5.3 Asia-Pacific
- 5.5.3.1 China
- 5.5.3.2 Japan
- 5.5.3.3 India
- 5.5.3.4 Australia
- 5.5.3.5 South Korea
- 5.5.3.6 Rest of Asia-Pacific
- 5.5.4 Middle East and Africa
- 5.5.4.1 GCC
- 5.5.4.2 South Africa
- 5.5.4.3 Rest of Middle East and Africa
- 5.5.5 South America
- 5.5.5.1 Brazil
- 5.5.5.2 Argentina
- 5.5.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Asahi Kasei Corporation (ZOLL Medical Corporation)
- 6.1.2 Drive DeVilbiss Healthcare
- 6.1.3 Dragerwerk AG
- 6.1.4 Fisher & Paykel Healthcare Ltd.
- 6.1.5 GE Healthcare
- 6.1.6 Getinge AB
- 6.1.7 GlaxoSmithKline PLC
- 6.1.8 Baxter International Inc.
- 6.1.9 Invacare Corporation
- 6.1.10 Koninklijke Philips NV
- 6.1.11 Medtronic PLC
- 6.1.12 ResMed Inc.
- 6.1.13 Shenzhen Mindray Bio-Medical Electronics Co. Ltd .
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Equipment Maintenance Industry Segmentation
As per the scope of the report, medical equipment maintenance involves all activities relating to providing an adequate level of service and limiting downtime of medical devices in the facility. Traditionally, equipment maintenance is categorized as preventive maintenance and corrective maintenance.
The medical equipment maintenance market is segmented by products and service types, service providers, end-use, end user and geography. By service type, the market is segmented into preventive maintenance, corrective maintenance, and operational maintenance. By service providers, the market is segmented into independent service organizations and original equipment manufacturers. By end user the market is segmented into imaging equipment, endoscopic devices, surgical equipment, and other products. By end user, the market is segmented into hospitals, laboratories, diagnostic imaging centers, dialysis centers, ambulatory surgical centers, dental clinics, and specialty clinics, and other end-users. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle-East and Africa, and South America. The report offers the value (in USD Billion) for the above segments.
Service Type | Preventive Maintenance | ||
Corrective Maintenance | |||
Operational Maintenance | |||
By Service Providers | Independent Service Organizations | ||
Original Equipment Manufacturers | |||
By End Use | Imaging Equipment | ||
Endoscopic Devices | |||
Surgical Equipment | |||
Other Products | |||
By End User | Hospitals | ||
Laboratories | |||
Diagnostic Imaging Centers | |||
Dialysis Centers | |||
Ambulatory Surgical Centers | |||
Dental Clinics and Speciality Clinics | |||
Other End Users | |||
Geography | North America | United States | |
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Spain | |||
Rest of Europe | |||
Asia-Pacific | China | ||
Japan | |||
India | |||
Australia | |||
South Korea | |||
Rest of Asia-Pacific | |||
Middle East and Africa | GCC | ||
South Africa | |||
Rest of Middle East and Africa | |||
South America | Brazil | ||
Argentina | |||
Rest of South America |
Medical Equipment Maintenance Market Research FAQs
Who are the leading players in the medical equipment maintenance market?
The key players operating in the market include Siemens AG, Koninklijke Philips NV, Stryker Corporation, Canon Inc., and GE Healthcare, among others.
What are the latest trends in the medical equipment maintenance market?
Recent trends in medical equipment maintenance include predictive maintenance, real-time monitoring, and subscription-based models.
How is technology transforming the medical equipment maintenance market?
Adoption of artificial intelligence and IoT anticipated failures in medical devices by analyzing data from medical devices, which accentuates the reliability and downtime.
What are the challenges in maintaining medical equipment?
High cost for medical equipment maintenance services is the major challenge faced by the market.
What is the future outlook for the medical equipment maintenance market?
The market is expected to have a promising future outlook owing to the emergence of advanced maintenance service options for sophisticated medical devices coupled with premium packages packaged for maintenance services for large and life-saving medical devices.