Medical Equipment Calibration Services Market - Global Industry Analysis

Medical Equipment Calibration Services Market- By End-User (Clinical Laboratories and Hospitals) and By Services (Original Equipment Manufacturer, Third-Party Services, and In-House Services): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028

Published Date: 24-Jan-2022 Category: Medical Device Report Format : PDF Pages: 197 Report Code: ZMR-6771 Status : Published

The global Medical Equipment Calibration Services Market accrued earnings worth approximately 1.1 (USD Billion) in 2020 and is predicted to gain revenue of about 3.73 (USD Billion) by 2028, is set to record a CAGR of nearly 9.6% over the period from 2021 to 2028.

Description

The global Medical Equipment Calibration Services Market accrued earnings worth approximately 1.1 (USD Billion) in 2020 and is predicted to gain revenue of about 3.73 (USD Billion) by 2028, is set to record a CAGR of nearly 9.6% over the period from 2021 to 2028. The report offers assessment and analysis of the Medical Equipment Calibration Services Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Medical Equipment Calibration Services Market: Outlook

Medical equipment calibration is a method that checks whether medical equipment output coincides with industry protocols/standards or not. Calibration is defined as comparison between measurement through use of medical device and standard measurement. Few of reputed firms adopt accuracy ratio of nearly 3:1. Consistent calibration and quality assurance of medical equipment enhances lifespan & functionality of medical equipment. Wear & tear impacts performance of medical device and hence calibration services are required.

Global Medical Equipment Calibration Services Market

Medical Equipment Calibration Services Market: Growth Factors

Expansion of medical equipment calibration services industry over 2021-2028 can be credited to breakthroughs in medical equipment sector, strict laws related to device calibration services, and rising awareness about preventive medical equipment maintenance. Escalating demand for renovated medical device and a prominent increment in capital investments in healthcare infrastructure will prop up growth of medical equipment calibration services industry. Apparently, need for making pharmaceutical & biotech industries adhere to laws through calibration and testing solutions, market for medical equipment calibration services is predicted to gain traction over ensuing years.

Moreover, medical equipment calibration services help in measuring device precision & accuracy, thereby minimizing measurement errors. In addition to this, these solutions are utilized for checking quality control of medical equipment. All these aforementioned aspects will steer market growth.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Medical Equipment Calibration Services Market: Regional Landscape

North American Market To Reach Scalable Heights By 2028

Growth of medical equipment calibration services market in North America in forecasting years can be credited to supportive government laws related to use of medical device calibration solutions in clinics and hospitals. Technological breakthroughs in medical equipment calibration methods will help in improving measurement of quality & efficacy as well as accurate measurement of output of medical equipment. This will drive regional market trends.  Large presence of market players in region will contribute substantially towards regional market proceeds in coming years.

Competitive Insights

Key players influencing market growth and profiled in report are NS Medical Systems, Biomedical Technologies Inc., Hospicare Equipment Services Corp., Fluke Biomedical LLC, T.A.G Medical Products Corporation Limited, Jenn Medical, JM Test Systems, Transcat, Inc., and Tektronix, Inc.

The global Medical Equipment Calibration Services Market is segmented as follows:

By End-User

  • Clinical Laboratories
  • Hospitals

By Services

  • Original Equipment Manufacturer
  • Third-Party Services
  • In-House Services

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Medical Equipment Calibration Services Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Medical Equipment Calibration Services Market : snapshot
  • Chapter 3. Global Medical Equipment Calibration Services Market - Industry Analysis
    • 3.1 Medical Equipment Calibration Services Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By End-Use
      • 3.7.2 Market attractiveness analysis By Services
  • Chapter 4. Global Medical Equipment Calibration Services Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Medical Equipment Calibration Services Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Medical Equipment Calibration Services Market - End-Use Analysis
    • 5.1 Global Medical Equipment Calibration Services Market overview: By End-Use
      • 5.1.1 Global Medical Equipment Calibration Services Market share, By End-Use, 2021 and 2028
    • 5.2 Clinical Laboratories
      • 5.2.1 Global Medical Equipment Calibration Services Market by Clinical Laboratories, 2022 - 2028 (USD Billion)
    • 5.3 Hospitals
      • 5.3.1 Global Medical Equipment Calibration Services Market by Hospitals, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Medical Equipment Calibration Services Market - Services Analysis
    • 6.1 Global Medical Equipment Calibration Services Market overview: By Services
      • 6.1.1 Global Medical Equipment Calibration Services Market share, By Services, 2021 and 2028
    • 6.2 Original Equipment Manufacturer
      • 6.2.1 Global Medical Equipment Calibration Services Market by Original Equipment Manufacturer, 2022 - 2028 (USD Billion)
    • 6.3 Third-Party Services
      • 6.3.1 Global Medical Equipment Calibration Services Market by Third-Party Services, 2022 - 2028 (USD Billion)
    • 6.4 In-House Services
      • 6.4.1 Global Medical Equipment Calibration Services Market by In-House Services, 2022 - 2028 (USD Billion)
  • Chapter 7. Medical Equipment Calibration Services Market - Regional Analysis
    • 7.1 Global Medical Equipment Calibration Services Market Regional Overview
    • 7.2 Global Medical Equipment Calibration Services Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America Medical Equipment Calibration Services Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028
      • 7.4.1 North America Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028 (USD Billion)
    • 7.5 North America Medical Equipment Calibration Services Market, by Services, 2022 - 2028
      • 7.5.1 North America Medical Equipment Calibration Services Market, by Services, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe Medical Equipment Calibration Services Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028
      • 7.4.1 Europe Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028 (USD Billion)
    • 7.5 Europe Medical Equipment Calibration Services Market, by Services, 2022 - 2028
      • 7.5.1 Europe Medical Equipment Calibration Services Market, by Services, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific Medical Equipment Calibration Services Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028
      • 7.4.1 Asia Pacific Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific Medical Equipment Calibration Services Market, by Services, 2022 - 2028
      • 7.5.1 Asia Pacific Medical Equipment Calibration Services Market, by Services, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America Medical Equipment Calibration Services Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028
      • 7.4.1 Latin America Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028 (USD Billion)
    • 7.5 Latin America Medical Equipment Calibration Services Market, by Services, 2022 - 2028
      • 7.5.1 Latin America Medical Equipment Calibration Services Market, by Services, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Medical Equipment Calibration Services Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Medical Equipment Calibration Services Market, by End-Use, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa Medical Equipment Calibration Services Market, by Services, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Medical Equipment Calibration Services Market, by Services, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 NS Medical Systems
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Biomedical Technologies Inc.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Hospicare Equipment Services Corp.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Fluke Biomedical LLC
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 T.A.G Medical Products Corporation Limited
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Jenn Medical
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 JM Test Systems
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Transcat Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Tektronix Inc.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Medical Equipment Calibration Services Market attractiveness, By End-Use
  • 6. Global Medical Equipment Calibration Services Market attractiveness, By Services
  • 7. Global Medical Equipment Calibration Services Market share by End-Use, 2022 and 2028 (USD Billion)
  • 8. Global Medical Equipment Calibration Services Market by Clinical Laboratories, 2022 - 2028 (USD Billion)
  • 9. Global Medical Equipment Calibration Services Market by Hospitals, 2022 - 2028 (USD Billion)
  • 10. Global Medical Equipment Calibration Services Market share by Services, 2022 and 2028 (USD Billion)
  • 11. Global Medical Equipment Calibration Services Market by Original Equipment Manufacturer, 2022 - 2028 (USD Billion)
  • 12. Global Medical Equipment Calibration Services Market by Third-Party Services, 2022 - 2028 (USD Billion)
  • 13. Global Medical Equipment Calibration Services Market by In-House Services, 2022 - 2028 (USD Billion)
  • 14. Global Medical Equipment Calibration Services Market share, by Region, 2022 and 2028
  • 15. North America Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
  • 16. Europe Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
  • 17. Asia Pacific Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
  • 18. Latin America Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)
  • 19. The Middle-East and Africa Medical Equipment Calibration Services Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Medical Equipment Calibration Services Market: Snapshot
  • 2. Drivers of the Medical Equipment Calibration Services Market: impact analysis
  • 3. North America Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 4. North America Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 5. U.S. Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 6. U.S. Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 7. Canada Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 8. Canada Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 9. Europe Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 10. Europe Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 11. Germany Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 12. Germany Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 13. France Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 14. France Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 15. U.K. Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 16. U.K. Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 17. Italy Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 18. Italy Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 19. Spain Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 20. Spain Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 25. China Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 26. China Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 27. Japan Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 28. Japan Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 29. India Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 30. India Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 31. South Korea Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 32. South Korea Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 33. South-East Asia Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 34. South-East Asia Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 37. Latin America Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 38. Latin America Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 39. Brazil Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 40. Brazil Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 41. Mexico Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 42. Mexico Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 47. GCC Countries Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 48. GCC Countries Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 49. South Africa Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 50. South Africa Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa Medical Equipment Calibration Services Market revenue, By End-Use, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa Medical Equipment Calibration Services Market revenue, By Services, 2022 - 2028 (USD Billion)

Methodology

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FrequentlyAsked Questions

Expansion of medical equipment calibration services industry over 2021-2028 can be credited to breakthroughs in medical equipment sector, strict laws related to device calibration services, and rising awareness about preventive medical equipment maintenance.

According to Zion market research report, the global Medical Equipment Calibration Services Market accrued earnings worth approximately 1.1 (USD Billion) in 2020 and is predicted to gain revenue of about 3.73 (USD Billion) by 2028, is set to record a CAGR of nearly 9.6% over the period from 2021 to 2028.

North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to credited to supportive government laws related to use of medical device calibration solutions in clinics and hospitals.

The key market participants include NS Medical Systems, Biomedical Technologies Inc., Hospicare Equipment Services Corp., Fluke Biomedical LLC, T.A.G Medical Products Corporation Limited, Jenn Medical, JM Test Systems, Transcat, Inc., and Tektronix, Inc.

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