Medical Equipment Maintenance Market Report 2026

The medical equipment maintenance market size has grown rapidly in recent years. It will grow from $45.07 billion in 2025 to $50.54 billion in 2026 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increasing hospital equipment installation growth, rising healthcare infrastructure expansion, growing awareness of medical equipment reliability needs, earlier dependence on regular service maintenance, strengthening clinical safety requirements.

The medical equipment maintenance market size is expected to see rapid growth in the next few years. It will grow to $79.02 billion in 2030 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing regulatory compliance expectations, rising need for accurate diagnostic performance, growing adoption of advanced medical technologies, expansion of healthcare facility modernization, strengthening demand for cost efficient equipment lifecycle management. Major trends in the forecast period include growing focus on preventive and predictive maintenance programs, rising adoption of advanced diagnostic and calibration services, increasing outsourcing of equipment maintenance to specialized providers, expansion of multi vendor maintenance support frameworks, strengthening emphasis on patient safety and equipment reliability.

The rising level of healthcare expenditure is projected to drive the expansion of the medical equipment maintenance market in the coming years. Healthcare expenditure refers to the total spending on healthcare and related activities, including public and private health insurance, medical research, and public health initiatives. Increasing healthcare spending, a higher prevalence of diseases, and a growing geriatric population are further contributing to the demand for medical equipment maintenance services. As healthcare providers invest in more advanced medical equipment, the requirement for regular and reliable maintenance services also grows. For example, in May 2023, according to a report released by the Office for National Statistics, a UK-based government department, healthcare spending in the UK rose by 5.6% between 2022 and 2023, compared with growth of 0.9% in 2022. Healthcare expenditure in the UK amounted to approximately $317.63 billion (£292 billion) in 2023. Consequently, the increase in healthcare expenditure is fueling the growth of the medical equipment maintenance market.

Major companies in the medical equipment maintenance market are forming strategic partnerships to bolster their service capabilities, broaden their market reach, and enhance customer satisfaction. These collaborations enable companies to leverage each other’s strengths by integrating innovative technologies with established service networks. For example, in March 2023, GE HealthCare, a US-based leader in medical technology and digital solutions, entered into a partnership with Advantus Health, valued at up to $760 million over a 10-year span. This collaboration aims to deliver GE’s Healthcare Technology Management (HTM) services to Advantus clients, thereby improving the maintenance and management of medical equipment and enhancing the overall quality of healthcare.

In May 2024, Thomas H. Lee Partners, L.P., a US-based investment firm, acquired Agiliti Inc. for an undisclosed amount. Through this acquisition, Thomas H. Lee Partners seeks to reinforce Agiliti’s position in the healthcare services market by supporting its growth strategy, expanding its nationwide presence, and strengthening its capabilities in medical equipment lifecycle management and on-site clinical engineering services for healthcare providers. Agiliti Inc. is a US-based healthcare technology company that focuses on providing medical equipment maintenance, clinical engineering, asset management, and technology-enabled services to help hospitals and health systems improve operational efficiency and patient care delivery.

Major companies operating in the medical equipment maintenance market report are Hitachi Ltd., General Electric Co, Medtronic plc, Danaher Corporation, Canon Inc., Toshiba International Corporation, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Stryker Corporation, Aramark Services Inc., Baxter International Inc., Henry Schein Inc., Quest Diagnostics Incorporated, B. Braun Melsungen AG, Olympus Corporation, Dentsply Sirona Inc., Drägerwerk AG & Co KGaA, Hill-Rom Holdings Inc., Getinge AB, KARL STORZ SE & Co KG, Carestream Health Inc., Althea Group Holdings Ltd.

North America was the largest region in the medical equipment maintenance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical equipment maintenance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical equipment maintenance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medical equipment maintenance market consists of revenues earned by entities that are engaged in the service of preventive maintenance, periodic inspection, and corrective maintenance of medical equipment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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