Medical Equipment Maintenance Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Equipment (Imaging Equipment, Electromedical Equipment, Endoscopic Devices, Surgical Instruments, Other Medical Equipment), By Service (Preventive Maintenance, Corrective Maintenance, Operational Maintenance), Region and Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 42.16 Billion
CAGR (2026-2031)	6.25%
Fastest Growing Segment	Imaging Equipment
Largest Market	North America
Market Size (2031)	USD 60.66 Billion

Market Overview

The Global Medical Equipment Maintenance Market will grow from USD 42.16 Billion in 2025 to USD 60.66 Billion by 2031 at a 6.25% CAGR. Medical equipment maintenance encompasses the systematic inspection, calibration, and repair of healthcare technologies to ensure they comply with strict safety standards and operational requirements. This market is primarily supported by the enforcement of rigorous regulatory mandates for patient safety and the economic necessity for healthcare facilities to maximize the lifespan of high-value capital assets. Additionally, the rising prevalence of chronic diseases has intensified the utilization rates of diagnostic and therapeutic devices, thereby necessitating frequent preventive servicing to avert mechanical failures. According to MedTech Europe, in 2024, the European medical technology market was estimated to be roughly €170 billion, a statistic that underscores the immense financial value of the installed equipment base requiring consistent technical support.

A significant challenge impeding broader market expansion is the restriction on access to proprietary service documentation and diagnostic software keys. Original Equipment Manufacturers often limit the availability of these essential repair tools to independent service organizations, creating dependencies that complicate third-party maintenance. This exclusivity often leads to prolonged equipment downtime and inflated service costs for healthcare providers, effectively creating a bottleneck that constrains the operational efficiency and competitive growth of the independent maintenance sector.

Key Market Drivers

The rapidly aging global population and the concurrent rise in chronic diseases are primary forces propelling the medical equipment maintenance market. As patient demographics shift toward an older profile, healthcare facilities face an unprecedented surge in the utilization of diagnostic and therapeutic machinery to manage complex age-related conditions. This increased operational throughput accelerates the wear on critical assets such as MRI scanners and ventilators, necessitating more frequent and rigorous servicing to prevent mechanical attrition. According to the United Nations Population Fund, June 2024, the worldwide share of individuals aged 65 and older nearly doubled over the last five decades, reaching 10.3%. This demographic reality compels maintenance providers to deliver rapid turnaround times and high equipment availability to sustain continuous patient care pathways.

Simultaneously, the market is being reshaped by the adoption of preventive and predictive maintenance strategies. Healthcare administrators are transitioning from reactive repair models to proactive methodologies that utilize Internet of Things (IoT) connectivity to preempt mechanical failures before they disrupt operations. This operational shift is largely driven by the severe financial implications of asset inactivity in high-demand environments. According to 24x7 Magazine, May 2024, unplanned equipment downtime drives up operational costs by more than $8,000 per minute, incentivizing the integration of advanced monitoring solutions. Reflecting the financial scale of these service agreements, major manufacturers are securing substantial revenue from maintenance contracts; for instance, according to GE HealthCare, February 2024, the company reported $6.4 billion in sales of services for the full year 2023.

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Key Market Challenges

The strict limitation on access to proprietary service documentation and diagnostic software keys creates a severe operational bottleneck in the Global Medical Equipment Maintenance Market. By confining essential repair capabilities to Original Equipment Manufacturers (OEMs), this exclusivity forces healthcare providers into a monopolistic service landscape where competitive third-party maintenance is marginalized. Consequently, when critical machinery malfunctions, facilities often face extended periods of inactivity due to the scarcity of authorized OEM technicians, directly compromising patient throughput and revenue generation. This dependency prevents Independent Service Organizations (ISOs) from performing timely repairs, thereby artificially inflating the total cost of ownership for healthcare institutions.

According to the Advanced Medical Technology Association (AdvaMed), in its 2024 economic impact report, the U.S. medical technology industry alone generated over $250 billion in annual output. This substantial figure highlights the massive capital investment locked within these technologies; however, the inability of ISOs to freely service this expanding asset base due to software and documentation restrictions leads to systemic inefficiencies. These barriers effectively stifle the independent sector's ability to absorb the growing demand for service, slowing the overall maturity and fluidity of the global maintenance market.

Key Market Trends

The Transition to Performance-Based and Managed Service Contracts represents a fundamental market shift, where healthcare facilities increasingly favor comprehensive, outcome-oriented agreements over traditional fee-for-service models. In these partnerships, Original Equipment Manufacturers (OEMs) assume responsibility for equipment availability, utilizing remote monitoring to guarantee uptime and manage the asset lifecycle. This business model incentivizes vendors to maintain system efficiency rather than profiting from frequent repairs, thereby aligning service costs with operational performance. According to GE HealthCare, February 2025, in the 'Fourth Quarter and Full Year 2024 Financial Results' report, the company successfully closed more than 50 strategic enterprise deals globally in 2024, signaling a robust market appetite for these integrated equipment management solutions.

Concurrently, the Incorporation of Cybersecurity Measures into Maintenance Protocols has become a critical requirement due to escalating ransomware threats targeting connected devices. Maintenance teams must now execute rigorous software hygiene, including vulnerability assessments and patch management, as part of standard service workflows to ensure patient safety and data integrity. Regulatory bodies are formalizing these demands, compelling service organizations to treat software security as a non-negotiable component of upkeep. According to Claroty, March 2025, in the 'State of CPS Security: Healthcare Exposures 2025' report, confirmed known exploited vulnerabilities were identified in 99% of healthcare organizations, underscoring the urgent need for these protective protocols.

Segmental Insights

The Imaging Equipment segment represents the fastest-growing category within the Global Medical Equipment Maintenance Market, driven by the critical reliance on diagnostic tools for early disease detection. Healthcare providers increasingly prioritize the maintenance of high-value assets, such as MRI and CT scanners, to extend operational lifespans and mitigate the substantial capital expenditure required for replacements. Furthermore, stringent quality mandates from regulatory authorities like the U.S. Food and Drug Administration necessitate rigorous servicing to ensure calibration accuracy and patient safety. This focus on diagnostic precision and cost-efficiency directly accelerates the demand for comprehensive imaging maintenance services.

Regional Insights

North America commands the leading share of the global medical equipment maintenance market, driven by an extensive healthcare infrastructure and the presence of major Original Equipment Manufacturers. The region requires consistent equipment servicing to support the management of widespread chronic diseases. Additionally, stringent safety regulations enforced by the U.S. Food and Drug Administration mandate regular inspections and upkeep of medical devices to ensure operational efficiency. This rigorous regulatory framework, coupled with substantial healthcare expenditure, compels hospitals and clinics to invest in comprehensive maintenance contracts, thereby securing the region's dominant market position.

Recent Developments

• In October 2025, Renovo formed a strategic partnership with Surgical Solutions to combine their respective strengths in health technology management and onsite surgical support services. This collaboration was intended to provide an expanded suite of services to their combined client base, which included more than 300 healthcare clients across nearly 500 sites. The agreement united Renovo's expertise in imaging and biomedical equipment maintenance with its partner's capabilities in sterile processing and minimally invasive surgical support. The joint offering aimed to deliver enhanced staffing, procedural expertise, and operational efficiencies, thereby offering a more integrated solution for hospital equipment management and support.
• In April 2025, Siemens Healthineers and Tower Health announced a ten-year Value Partnership aimed at modernizing clinical technology and enhancing patient care. This long-term agreement focused on the comprehensive management and enhancement of the health system's diagnostic imaging fleet, including equipment for radiology, oncology, and cardiology. Through this collaboration, the company planned to implement advanced technology solutions and digital intelligence tools to improve operational workflows and clinical experiences. The partnership was structured to address workforce and budgetary challenges while ensuring that the healthcare provider could maintain access to the latest medical innovations over the coming decade.
• In February 2025, Sodexo inaugurated a new, state-of-the-art Healthcare Technology Management (HTM) facility in Kolkata, India, to strengthen its medical equipment maintenance capabilities. The facility was equipped with six specialized laboratories designed to support the repair and maintenance of approximately 500,000 medical devices. This expansion aimed to provide advanced testing and service efficiency for a wide range of biomedical equipment, targeting an uptime of 99% for its clients. The initiative underscored the company's commitment to ensuring reliable equipment performance and minimizing downtime for healthcare providers, thereby supporting optimized patient outcomes in the region.
• In May 2024, GE HealthCare entered into a strategic collaboration with Advantus Health Partners to enhance the management of medical devices for healthcare systems. This partnership focused on delivering a comprehensive lifecycle management solution for clinical assets, covering aspects such as procurement, maintenance, cybersecurity, and equipment disposition. The initiative was designed to streamline the complexities of healthcare technology management (HTM), aiming to improve operational efficiency and reduce risks associated with medical equipment performance. By integrating their expertise, the companies sought to provide a forward-thinking supply chain model that would drive productivity and support the delivery of high-quality patient care.

Key Market Players

• GE Healthcare
• Siemens Healthineers AG
• Koninklijke Philips N.V.
• Drägerwerk AG & Co. KGaA
• Medtronic Plc
• B. Braun Melsungen AG
• Aramark
• BC Technical, Inc.
• Alliance Medical Group
• Althea Group

By Equipment	By Service	By Region
Imaging Equipment Electromedical Equipment Endoscopic Devices Surgical Instruments Other Medical Equipment	Preventive Maintenance Corrective Maintenance Operational Maintenance	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Medical Equipment Maintenance Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Medical Equipment Maintenance Market, By Equipment:

• Imaging Equipment
• Electromedical Equipment
• Endoscopic Devices
• Surgical Instruments
• Other Medical Equipment

• Medical Equipment Maintenance Market, By Service:

• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance

• Medical Equipment Maintenance Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE