According to a new report published by Introspective Market Research, Medical Equipment Maintenance Market by Service Type, Equipment Type, and End User, The Global Medical Equipment Maintenance Market Size Was Valued at USD 40.67 Billion in 2023 and is Projected to Reach USD 88.33 Billion by 2032, Growing at a CAGR of 9.0%.

Introduction / Market Overview

The global Medical Equipment Maintenance Market is experiencing rapid expansion driven by the rising need for high-quality, reliable, and well-functioning medical devices across healthcare systems. As hospitals and diagnostic centers become increasingly dependent on advanced imaging systems, life-support equipment, surgical instruments, and laboratory technologies, the demand for efficient maintenance services continues to surge. Maintenance plays a critical role in ensuring patient safety, reducing equipment downtime, and enhancing operational efficiency.

Medical equipment maintenance offers significant advantages over traditional corrective repairs, as preventive and predictive maintenance strategies help healthcare providers avoid unexpected failures and reduce long-term costs. The adoption of digital tools, remote monitoring, and AI-based predictive analytics is transforming equipment management practices, enabling healthcare organizations to optimize asset performance and extend equipment lifespan. These factors collectively contribute to sustained growth in the market.

Growth Driver

A major driver accelerating the Medical Equipment Maintenance Market is the growing use of technologically advanced medical devices across healthcare facilities. As hospitals adopt high-end imaging equipment such as MRI, CT, ultrasound, and digital X-ray systems, the need for regular maintenance becomes essential to prevent downtime, ensure accuracy, and comply with safety regulations. Additionally, the aging installed base of medical equipment, particularly in emerging economies, requires continuous servicing and refurbishment. Regulatory guidelines emphasizing equipment performance standards and patient safety further boost demand for specialized maintenance services. These trends collectively support the strong growth momentum in the market.

Market Opportunity

An emerging opportunity lies in the adoption of AI-driven predictive maintenance and IoT-enabled service platforms. These technologies enable real-time monitoring of device performance, early detection of component failures, and optimized maintenance scheduling, significantly reducing operational costs for healthcare providers. Furthermore, the rising trend of outsourcing maintenance to third-party service organizations creates substantial prospects for specialized vendors. Several developing countries are investing heavily in healthcare infrastructure modernization, generating strong demand for structured maintenance programs. The growing shift toward managed equipment service (MES) contracts represents another lucrative opportunity for market expansion in the coming years.

Medical Equipment Maintenance Market, Segmentation

Service Type

The Segment A category is classified into Preventive Maintenance, Corrective Maintenance, and Operational Maintenance.
Among these, Preventive Maintenance accounted for the highest market share in 2023, driven by increasing emphasis on minimizing equipment downtime and reducing long-term repair costs. Healthcare providers are increasingly adopting scheduled servicing programs to ensure compliance with regulatory standards, maintain clinical accuracy, and enhance patient safety. Preventive maintenance enables early identification of technical issues, extends the lifespan of medical devices, and improves workflow efficiency within hospitals. As medical equipment becomes more sophisticated and costly, preventive maintenance continues to emerge as the most preferred and cost-effective approach among healthcare institutions.

Equipment Type

The Segment B category is classified into Diagnostic Imaging Equipment, Life Support Devices, Surgical Instruments, and Laboratory Equipment.
Among these, Diagnostic Imaging Equipment held the largest market share in 2023. This segment’s dominance is attributed to the widespread use of MRI, CT, PET, X-ray, and ultrasound systems, all of which require routine calibration, testing, and performance evaluations. Imaging devices are crucial for accurate diagnostics, making regular maintenance essential to prevent operational failures and maintain image quality. The increasing number of diagnostic centers, rising demand for early disease detection, and high cost of imaging equipment further highlight the importance of ongoing maintenance, ensuring continued growth of this sub-segment.

End User

The Segment C category includes Hospitals, Diagnostic Centers, and Ambulatory Surgical Centers.
Among these, Hospitals dominated the market in 2023, owing to their large installed base of medical devices and increasing patient traffic. Hospitals rely heavily on advanced equipment across departments such as radiology, cardiology, critical care, and surgical suites, necessitating continuous monitoring and maintenance. The growing emphasis on accreditation standards, safety compliance, and uninterrupted clinical operations further strengthens the demand for comprehensive maintenance programs within hospitals.

Some of the Leading/Active Market Players Are—

• Siemens Healthineers (Germany)
• GE HealthCare (United States)
• Koninklijke Philips N.V. (Netherlands)
• Drägerwerk AG & Co. KGaA (Germany)
• Fujifilm Holdings Corporation (Japan)
• Agfa-Gevaert Group (Belgium)
• Aramark Healthcare Technologies (United States)
• BC Technical (United States)
• Medtronic Plc (Ireland)
• Canon Medical Systems Corporation (Japan)
• B. Braun Melsungen AG (Germany)
• Mindray Medical (China)
• Carestream Health (United States)

and other active players.

Key Industry Developments

News 1:
In June 2024, GE HealthCare launched a remote diagnostic maintenance platform designed to monitor medical imaging equipment in real time.
The platform leverages AI algorithms to predict failures, reduce downtime, and improve equipment efficiency. This innovation strengthens GE HealthCare’s leadership in digital maintenance technologies and helps healthcare providers optimize their asset management operations.

News 2:
In February 2023, Siemens Healthineers expanded its managed equipment service offerings across Europe to support hospitals with end-to-end maintenance solutions.
The expansion includes service contracts covering advanced imaging systems, on-site technical support, and digital workflow optimization tools, further solidifying Siemens’ presence in the medical equipment servicing landscape.

Key Findings of the Study

• Preventive maintenance was the leading service segment in 2023.
• Diagnostic imaging equipment accounted for the largest market share.
• Hospitals remained the primary end-users globally.
• AI-driven predictive maintenance is gaining traction across the sector.