Medical Equipment Calibration Services Market Trends, Industry Analysis And Forecast To 2033

The medical equipment calibration services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Medical Equipment Calibration Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The medical equipment calibration services market size has grown rapidly in recent years. It will grow from $1.48  billion in 2023 to $1.64  billion in 2024 at a compound annual growth rate (CAGR) of 11.2%.  The  growth in the historic period can be attributed to global health preparedness, remote calibration services, patient-centric care, aging medical equipment, regulatory compliance.

The medical equipment calibration services market size is expected to see rapid growth in the next few years. It will grow to $2.45  billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.  The growth in the forecast period can be attributed to digital health expansion, eco-friendly calibration practices, preventive maintenance, clinical laboratory accreditation, patient safety. Major trends in the forecast period include telehealth equipment calibration, remote calibration support, digital calibration solutions, internet of things (iot)-enabled calibration, artificial intelligence (ai)-enhanced calibration.

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Scope Of Medical Equipment Calibration Services Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Medical Equipment Calibration Services Market Overview

Market Drivers -
Rising investment in healthcare infrastructure is expected to propel the growth of the medical equipment calibration service market going forward. The growth in healthcare infrastructure would provide better protection for public health. The medical equipment calibration service helps to ensure that the medical devices available are safe and effective. For instance, according to the Indian Brand Equity Foundation, an Indian-based government ministry, the healthcare market can increase threefold to USD 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.

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 Equipments
3) By End User: Hospitals, Clinical Laboratories, Other End Users

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Regional Insights -
North America was the largest region in the medical equipment calibration services market in 2023. 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.

Key Companies -
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

Table of Contents

1. Executive Summary
2. Medical Equipment Calibration Services Market Characteristics
3. Medical Equipment Calibration Services Market Trends And Strategies
4. Medical Equipment Calibration Services Market - Macro Economic Scenario
5. Global Medical Equipment Calibration Services Market Size and Growth

...

31. Global Medical Equipment Calibration Services Market Competitive Benchmarking
32. Global Medical Equipment Calibration Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Medical Equipment Calibration Services Market
34. Medical Equipment Calibration Services Market Future Outlook and Potential Analysis
35. Appendix

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