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 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.
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
By Services
By Region
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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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