The global Medical Equipment Maintenance market is predicted to increase at a compound annual growth rate (CAGR) of 15% from $28.14 billion in 2021 to $32.35 billion in 2022. Companies are resuming operations and adapting to the new normal as they recover from the COVID-19 impact, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges.
At a CAGR of 11.1 percent, the market is estimated to reach $49.20 billion in 2026. The Medical Equipment Maintenance market is made up of companies that sell services, which refer to a collection of actions that are carried out to keep the equipment in working order. Preventive maintenance, periodic inspection, and corrective repair of medical equipment are all included in Medical Equipment Maintenance.
Multi-vendor OEMS, single-vendor OEMS, independent service organisations, and in-house maintenance are some of the several technologies that are used to maintain various devices such as imaging equipment, endoscopic devices, surgical instruments, and electro-medical equipment. Hospitals, diagnostic imaging facilities, dialysis centres, ambulatory surgery centres, dental clinics, and specialised clinics are among the places where it is used.