Medical Equipment Maintenance Market Report 2026

Medical Equipment Maintenance Market Overview

• Medical Equipment Maintenance market size has reached to $45.07 billion in 2025 • Expected to grow to $79.02 billion in 2030 at a compound annual growth rate (CAGR) of 11.8% • Growth Driver: Rising Healthcare Expenditure Fuels Growth In The Medical Equipment Maintenance Market • Market Trend: Strategic Partnerships Reshaping The Landscape Of Medical Equipment Maintenance • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Medical Equipment Maintenance Market?

Medical equipment maintenance refers to a set of activities conducted to keep the equipment in working condition. Medical equipment needs to be maintained in working order and periodically calibrated for the effectiveness and accuracy of the results. The main types of services in medical equipment maintenance are preventive maintenance, corrective maintenance, and operational maintenance. Preventive maintenance is the process of maintaining equipment and assets regularly to keep them working and avoid costly unplanned downtime due to unexpected equipment breakdowns. The different technologies include multi-vendor OEMS, single-vendor OEMs, independent service organization, and in-house maintenance and involve various devices such as imaging equipment, endoscopic devices, surgical instruments, and electro-medical equipment. It is implemented in various areas such as hospitals, diagnostic imaging centers, dialysis centers, ambulatory surgical centers, dental clinics, and specialty clinics, among others.

What Is The Medical Equipment Maintenance Market Growth Forecast?

The medical equipment maintenance market size is expected to see rapid growth in the next few years. It will grow to $79.02 billion in 2030 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing regulatory compliance expectations, rising need for accurate diagnostic performance, growing adoption of advanced medical technologies, expansion of healthcare facility modernization, strengthening demand for cost efficient equipment lifecycle management. Major trends in the forecast period include growing focus on preventive and predictive maintenance programs, rising adoption of advanced diagnostic and calibration services, increasing outsourcing of equipment maintenance to specialized providers, expansion of multi vendor maintenance support frameworks, strengthening emphasis on patient safety and equipment reliability.

Global Medical Equipment Maintenance Market Segmentation

1) By Service Type: Preventive Maintenance, Corrective Maintenance, Operational Maintenance 2) By Device: Imaging Equipment, Endoscopic Devices, Surgical Instruments, Electro-medical Equipment 3) By Technology: Multi-Vendor OEMs, Single-Vendor OEMs, Independent Service Organization 4) By End User: Hospital, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Centers, Dental Clinics And Specialty Clinics, Other End Users Subsegments: 1) By Preventive Maintenance: Scheduled Maintenance, Calibration Services, Performance Testing 2) By Corrective Maintenance: Repair Services, Replacement of Parts, Emergency Repair Services 3) By Operational Maintenance: Daily Operation Checks, User Training and Support, Software Updates and Upgrades

What Is The Driver Of The Medical Equipment Maintenance Market?

The growing healthcare expenditure is expected to propel the growth of the medical equipment maintenance market going forward. Healthcare expenditure refers to the amount of money spent on healthcare and related activities such as private and public health insurance, health research, and public health activities. The increasing healthcare spending, prevalence of diseases, and growing geriatric population are also driving the demand for medical equipment maintenance services. As healthcare providers invest in advanced medical equipment, the need for maintenance services also increases. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, between 2022 and 2023, healthcare spending in the UK increased by 5.6% compared with growth of 0.9% in 2022. The UK healthcare expenditure in UK healthcare expenditure was around $317.63 billion (£292 billion) in 2023. Therefore, the growing healthcare expenditure is driving the growth of the medical equipment maintenance industry.

Key Players In The Global Medical Equipment Maintenance Market

Major companies operating in the medical equipment maintenance market report are Hitachi Ltd., General Electric Co, Medtronic plc, Danaher Corporation, Canon Inc., Toshiba International Corporation, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Stryker Corporation, Aramark Services Inc., Baxter International Inc., Henry Schein Inc., Quest Diagnostics Incorporated, B. Braun Melsungen AG, Olympus Corporation, Dentsply Sirona Inc., Drägerwerk AG & Co KGaA, Hill-Rom Holdings Inc., Getinge AB, KARL STORZ SE & Co KG, Carestream Health Inc., Althea Group Holdings Ltd.

Global Medical Equipment Maintenance Market Trends and Insights

Major companies operating in the medical equipment maintenance market are developing strategic partnerships to enhance service capabilities, expand their market reach, and improve customer satisfaction. These strategic partnerships allow companies to leverage complementary strengths, such as combining innovative technologies with established service networks. For instance, in March 2023, GE HealthCare, a US-based medical technology and digital solutions innovator, partnered with Advantus Health. This collaboration is valued at up to $760 million over a 10-year period. This partnership aims to provide GE’s Healthcare Technology Management (HTM) services to Advantus clients, enhancing the maintenance and management of medical equipment and improving healthcare quality.

What Are Latest Mergers And Acquisitions In The Medical Equipment Maintenance Market?

In May 2024, Thomas H. Lee Partners, L.P., a US–based investment firm, acquired Agiliti Inc. for an undisclosed amount. With this acquisition, Thomas H. Lee Partners aims to strengthen Agiliti’s position in the healthcare services market by supporting its growth strategy, expanding its nationwide footprint, and enhancing its capabilities in medical equipment lifecycle and on-site clinical engineering services for healthcare providers. Agiliti Inc. is a US–based healthcare technology company that specializes in providing medical equipment maintenance, clinical engineering, asset management, and technology-enabled services that help hospitals and health systems improve operational efficiency and patient care delivery.

Regional Outlook

North America was the largest region in the medical equipment maintenance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Medical Equipment Maintenance Market?

The medical equipment maintenance market consists of revenues earned by entities that are engaged in the service of preventive maintenance, periodic inspection, and corrective maintenance of medical equipment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Medical Equipment Maintenance Market Report 2026?

The medical equipment maintenance market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the medical equipment maintenance industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.