The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical equipment calibration services market report forecasts the medical equipment calibration services market size to grow to $2.1 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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Medical Equipment Calibration Services Market Size Forecast
The global medical equipment calibration services market is expected to grow from $1.3 billion in 2022 to $1.45 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical equipment calibration services market size is expected to grow to $2.1 billion in 2027 at a CAGR of 9.7%.

North America held the largest medical equipment calibration services market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Medical Equipment Calibration Services Market Driver ­– Rise In Investment In Healthcare Infrastructure
For instance, according to the Indian Brand Equity Foundation, an Indian-based government ministry, the healthcare market can increase threefold to USD 133.44 billion by 2022. In addition, according to the Centre for Medicaid & Medicare Services, in 2020 U.S. health care spending grew 9.7%, reaching $12,530 per person, or $4.1 trillion. Therefore, rising investment in healthcare infrastructure is driving the growth of the medical equipment calibration services market.

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Key Medical Equipment Calibration Services Market Trend – Strategic Partnerships And Collaborations
Companies operating in medical equipment calibration services are undergoing partnerships to strengthen their position in the market. For instance, in April 2022, Ultimo, a US-based company that provides information technology services, partnered with Fluke Biomedical, a US-based medical equipment calibration services manufacturer. This partnership would aim to help healthcare organizations improve efficiency by minimizing the time that technicians spend on manual, paper-based, or repetitive tasks. Furthermore, in March 2020, Tektronix Inc., a US-based manufacturer of medical equipment calibration services, partnered with Coherent Solutions, a US-based software and consulting company. This partnership aims to provide fully-integrated optical communications platforms to new and existing customers in support of the growing global demand for communications across the telecom, datacom, defense/aerospace, and semiconductor markets.

Medical Equipment Calibration Services Market Segment
1) By Service: In-house, Third-Party Services, Original Equipment Manufacturer (OEM)
2) By Equipment: Fetal Monitors, Imaging Equipment, Vital Sign Monitors, Infusion Pumps, Cardiovascular Monitors, Ventilators, Other Equipments
3) By End User: Hospitals, Clinical Laboratories, Other End Users

Medical Equipment Calibration Services Market Major Players and Strategies
Major players in the medical equipment calibration services market are Transcat Inc., Tektronix Inc., Fluke Biomedical, Biomedical Technologies Inc., NS Medical Systems, JM Test Systems, JPen Medical, TAG Medical, Hospicare Equipment Services Corp, Industrial Calibration and Service Co. Inc., RS Calibration, Aussin, ERD LLC, Calibrationhouse, and Autocal Systems.

In October 2021, Ellab, a Denmark-based developer and supplier of thermal validation and monitoring products, acquired Arena Instrumentation Limited for an undisclosed amount. Through this acquisition, Ellab Group would benefit from Arena’s significant knowledge and experience in field calibration, while Arena would get access to Ellab’s equipment while utilizing the Ellab brand, client contacts, and infrastructure. Arena Instrumentation Limited is a UK-based company that provides field calibration, instrument commissioning, qualification, and relocation services to the pharmaceutical, biotech, healthcare, and process/manufacturing industries.

The Medical Equipment Calibration Services Global Market Report 2023 covers regional data on medical equipment calibration services market size, medical equipment calibration services market trends and drivers, opportunities, strategies, and medical equipment calibration services market competitor analysis. The countries covered in the medical equipment calibration services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical equipment calibration services refer to the method of configuring the measurement and the accuracy of the medical device or medical system being used in hospitals. They offer advanced healthcare treatment, including diagnosis, monitoring, and therapy. The medical equipment calibration services are used in hospitals for the maintenance of the medical equipment and to monitor the patients to offer the best services.

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