Global Medical Equipment Maintenance Market Booming to Cross USD 110 Billion by 2031

Published | 24 June 2025

Global Medical Equipment Maintenance Market is flourishing primarily due to rising adoption of advanced medical tech, growing emphasis on preventive maintenance, stringent regulations, aging installed base, IoT‑AI predictive services, and value‑based care push.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Medical Equipment Maintenance Market size by value at USD 56.07 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Medical Equipment Maintenance Market size to boom at a robust CAGR of 10.2%, reaching a value of USD 110.66 billion by 2031. The growth of Global Medical Equipment Maintenance Market is driven by growing adoption of advanced, IoT‑enabled devices, a shift toward preventive and predictive maintenance, and stringent regulatory/compliance standards worldwide, ensuring safety and performance standards are met. Rising chronic disease prevalence and an aging population amplify demand for imaging, monitoring, and therapeutic devices, thus increasing maintenance needs. Expansion of healthcare infrastructure in emerging economies, along with cost pressures prompting outsourcing to third‑party service providers, further fuels market growth.

Opportunity – Expanding Healthcare Infrastructure in Emerging Markets

Expansion of healthcare infrastructure in emerging markets is a major growth driver for Global Medical Equipment Maintenance Market. In major emerging economies, such as India and Southeast Asia, massive investments in new hospitals, clinics, and diagnostic centers are boosting demand for maintenance services to support increasingly sophisticated medical devices. Infrastructure development programs by government and private sectors are equipping facilities with cutting-edge equipment, which requires regular preventive and corrective upkeep to ensure safety, compliance, and uptime. As healthcare infrastructures scale rapidly, so does the need for reliable service networks to maintain functional longevity and regulatory adherence.

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Preventive Maintenance Leads Global Medical Equipment Maintenance Market

The preventive maintenance segment holds a major market share of Global Medical Equipment Maintenance Market, due to the rising adoption of scheduled inspections, calibration, cleaning, and part replacement aimed at reducing unscheduled downtime, extending equipment lifespan, and ensuring regulatory compliance. The corrective maintenance, on the other hand, remains significant—responsible for immediate repairs. Operational maintenance, although present, holds a low market share, covering routine cleaning and basic upkeep by equipment operators.

Impact of Escalating Geopolitical Tensions on Global Medical Equipment Maintenance Market

Escalating geopolitical tensions, marked by trade wars, regional conflicts, sanctions, export controls, and route disruptions—are profoundly destabilizing Global Medical Equipment Maintenance Market. Increased tariffs (e.g., U.S.–China, EU–China) drive up component costs and compress margins, forcing providers to localize or restore maintenance operations. Meanwhile, sanctions and export bans restrict access to critical parts like rare‐earth components used in imaging devices, delaying repairs and inflating prices. Supply chain chokepoints, such as the Red Sea, Suez, and Strait of Hormuz, have led to detours, spiking shipping times, insurance, and labor overheads. Altogether, these forces erode uptime, elevate maintenance costs, and drive strategic pivoting toward regionalized, resilient service networks.

Competitive Landscape

Global Medical Equipment Maintenance Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are GE Healthcare, Siemens Healthineers, Philips Healthcare, Medtronic, Stryker Corporation, Drägerwerk AG & Co. KGaA, Carestream Health, Agfa-Gevaert Group, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, B. Braun Melsungen AG, Aramark Healthcare Technologies, BC Technical, Inc., Hitachi Healthcare Systems, and Althea Group. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Global Medical Equipment Maintenance Market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Medical Equipment Maintenance Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Medical Equipment Maintenance Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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