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The medical equipment calibration services market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

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The Medical Equipment Calibration Services Market Size In 2022 And Forecast

The global medical equipment calibration services market is expected to grow from $1.14 billion in 2021 to $1.29 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The global medical equipment calibration services market size is expected to grow to $1.86 billion in 2026 at a CAGR of 9.5%.

The medical equipment calibration services market consists of sales of medical equipment calibration services by entities (organizations, sole traders, and partnerships) that are used in hospitals for maintenance of the medical equipment and to monitor the patients to offer the best services.

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Rise In Investment In Healthcare Infrastructure Is Driving The Growth Of The Medical Equipment Calibration Services Market

For instance, according to the Indian Brand Equity Foundation, an Indian-based government ministry, the healthcare market can increase three-fold to US $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.

Competitive Landscape And The Regional Analysis Of The Medical Equipment Calibration Services Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the medical equipment calibration services market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Medical Equipment Calibration Services Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical equipment calibration services market.

Strategic Partnerships And Collaborations – A Key Trend In The Medical Equipment Calibration Services Market

Companies operating in medical equipment calibration services are undergoing partnerships to strengthen their position in the market.

Medical Equipment Calibration Services Market Segmentation By The Business Research Company

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, Others

3) By End-User: Hospitals, Clinical Laboratories, Others

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