Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.64 Billion | USD 5.31 Billion | 12.45% | 2024 |
The global Medical Equipment Calibration Services Market size was worth around USD 1.64 Billion in 2024 and is predicted to grow to around USD 5.31 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 12.45% between 2025 and 2034. The report analyzes the global medical equipment calibration services market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the medical equipment calibration services industry.
The report offers an 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 2023 along with a forecast from 2025 to 2034 based on revenue (USD Billion).
Medical equipment calibration is a method that checks whether medical equipment output coincides with industry protocols/standards or not. Calibration is defined as a comparison between measurement through the use of medical devices and standard measurement. Few of the reputed firms adopt an accuracy ratio of nearly 3:1. Consistent calibration and quality assurance of medical equipment enhances the lifespan & functionality of medical equipment. Wear & tear impacts the performance of the medical device and hence calibration services are required.
The expansion of the medical equipment calibration services industry over 2021-2028 can be credited to breakthroughs in the medical equipment sector, strict laws related to device calibration services, and rising awareness about preventive medical equipment maintenance. Escalating demand for renovated medical devices and a prominent increment in capital investments in healthcare infrastructure will prop up the growth of the medical equipment calibration services industry. Apparently, the need for making pharmaceutical & biotech industries adhere to laws through calibration and testing solutions, the market for medical equipment calibration services is predicted to gain traction over the 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 the quality control of medical equipment. All these aforementioned aspects will steer market growth.
Report Attributes | Report Details |
---|---|
Report Name | Medical Equipment Calibration Services Market |
Market Size in 2024 | USD 1.64 Billion |
Market Forecast in 2034 | USD 5.31 Billion |
Growth Rate | CAGR of 12.45% |
Number of Pages | 197 |
Key Companies Covered | Bracco Diagnostic, Fluke Calibration, Keysight Technologies, National Instruments, QA Supplies, Rigel Medical, BPL Medical Technologies, ICS Calibration and Metrology, Olympus, TestEquity, Mettler Tolede, MTS Systems, Nortek Control Systems, Honeywell Analytics, Allengers Medical, and others. |
Segments Covered | By Service Type, By Equipment Type, By Customer Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market To Reach Scalable Heights By 2034
The growth of the medical equipment calibration services market in North America in forecasting years can be credited to supportive government laws related to the use of medical device calibration solutions in clinics and hospitals. Technological breakthroughs in medical equipment calibration methods will help in improving the measurement of quality & efficacy as well as the accurate measurement of the output of medical equipment. This will drive regional market trends. The large presence of market players in the region will contribute substantially towards regional market proceeds in the coming years.
Key players influencing market growth and profiled in the report are
By End-User
By Services
By Region
FrequentlyAsked Questions
The global medical equipment calibration services market is expected to grow due to stringent regulatory standards, increasing demand for accurate diagnostics, technological advancements in medical devices, rising focus on patient safety, and the growing need for regular maintenance of aging medical equipment.
According to a study, the global medical equipment calibration services market size was worth around USD 1.64 Billion in 2024 and is expected to reach USD 5.31 Billion by 2034.
The global medical equipment calibration services market is expected to grow at a CAGR of 12.45% during the forecast period.
North America is expected to dominate the medical equipment calibration services market over the forecast period.
Leading players in the global medical equipment calibration services market include Bracco Diagnostic, Fluke Calibration, Keysight Technologies, National Instruments, QA Supplies, Rigel Medical, BPL Medical Technologies, ICS Calibration and Metrology, Olympus, TestEquity, Mettler Tolede, MTS Systems, Nortek Control Systems, Honeywell Analytics, Allengers Medical, among others.
The report explores crucial aspects of the medical equipment calibration services market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed