Medical Equipment Calibration Services Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
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What Are the Primary Drivers Supporting the Market Growth of theMedical Equipment Calibration Services Market?
The medical equipment calibration service market is expected to grow with increased investment in healthcare infrastructure. This infrastructure helps ensure that medical devices are safe and effective. For instance, India’s healthcare market is projected to triple to USD 133.44 billion by 2022. Additionally, U.S. healthcare spending grew 9.7% in 2020, reaching $12,530 per person. The rising investments in healthcare infrastructure are driving the growth of the calibration service market.
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#How Does the ProjectedMedical Equipment Calibration Services Market Growth Compare Over the Forecast Period?
The medical equipment calibration services market size has grown rapidly in recent years. It will increase from $1.65 billion in 2024 to $1.83 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. The growth can be attributed to global health preparedness, remote calibration services, patient-centric care, aging medical equipment, and regulatory compliance.
The medical equipment calibration services market is forecasted to grow rapidly, reaching $2.74 billion by 2029 at a CAGR of 10.7%. This growth is driven by digital health expansion, eco-friendly calibration practices, preventive maintenance, clinical laboratory accreditation, and patient safety. Trends include telehealth equipment calibration, remote calibration support, digital calibration solutions, IoT-enabled calibration, and AI-enhanced calibration.
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What Are the Latest Innovations Influencing theMedical Equipment Calibration Services Market?
Strategic partnerships and collaborations are becoming increasingly important in the medical equipment calibration services market. Companies are forming alliances to strengthen their market positions. For example, in April 2022, Ultimo, a US-based IT services provider, partnered with Fluke Biomedical, a US-based manufacturer of medical equipment calibration services, to help healthcare organizations improve efficiency by reducing the time spent on manual and repetitive tasks.
Who Are the Major Industry Players Accelerating Growth in theMedical Equipment Calibration Services Market?
Major companies operating in the medical equipment calibration services market include Transcat Inc., Tektronix Inc., Fluke Biomedical LLC, Biomedical Technologies Inc., NS Medical Systems, JM Test Systems LLC, JPen Medical, TAG Medical Products, Hospicare Equipment Services Corp., Industrial Calibration and Service Co. Inc, RS Components Ltd., ERD LLC, Calibrationhouse, Autocal Systems Pvt. Ltd., Spectrum Technologies Inc., Custom Calibration Inc., Calibration Laboratory LLC., Morehouse Instrument Company Inc., Strainsert Inc., Sierra Instruments Inc., Medserve Ltd., Bureau Veritas S.A., Intertek Group Plc, Beamex Oy Ab, Trescal S.A., MicronPA, Unique BioMedical Services, DeviceLab Inc., EAG Laboratories, EdgeOne Medical Inc., Eurofins Scientific SE
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Which Primary Segments of the Medical Equipment Calibration Services Market Are Driving Growth and Industry Transformations?
The medical equipment calibration services market covered in this report is segmented –
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 Equipment
3) By End User: Hospitals, Clinical Laboratories, Other End Users
Subsegments:
1) By In-house: Internal Calibration Services, Preventive Maintenance And Calibration
2) By Third-Party Services: Independent Calibration Labs, On-Site Calibration Services
3) By Original Equipment Manufacturer (OEM): Manufacturer-Sponsored Calibration, OEM Warranty Calibration Services
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theMedical Equipment Calibration Services Market?# Market?
North America was the largest region in the medical equipment calibration services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical equipment calibration services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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