Global Medical Device Repair Service Market Growth (Status and Outlook) 2025-2031

The global Medical Device Repair Service market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Medical device repair service refers to the maintenance and repair of medical equipment and devices used in healthcare settings. This service is provided by trained technicians who specialize in diagnosing and fixing issues with various medical devices, such as imaging equipment, surgical instruments, patient monitors, infusion pumps, and more.

Medical device repair service includes routine maintenance, calibration, troubleshooting, and repairing any malfunctioning or damaged components of the equipment. Technicians may also perform software updates, replace parts, and ensure that the devices meet safety and regulatory standards.

These services are crucial in healthcare facilities as they help to ensure that medical devices are functioning properly, accurately, and safely. Regular maintenance and repair can extend the lifespan of the equipment, reduce downtime, and minimize the risk of equipment failure during critical procedures or patient care.

Medical device repair service providers may work directly with healthcare facilities, medical equipment manufacturers, or third-party service organizations. They may offer on-site repairs or have dedicated repair centers where devices can be sent for servicing.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

LPI (LP Information)' newest research report, the “Medical Device Repair Service Industry Forecast” looks at past sales and reviews total world Medical Device Repair Service sales in 2024, providing a comprehensive analysis by region and market sector of projected Medical Device Repair Service sales for 2025 through 2031. With Medical Device Repair Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical Device Repair Service industry.

This Insight Report provides a comprehensive analysis of the global Medical Device Repair Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Medical Device Repair Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medical Device Repair Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Device Repair Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical Device Repair Service.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Device Repair Service market by product type, application, key players and key regions and countries.

Segmentation by Type:
Repair
Maintainance
Refurbish

Segmentation by Application:
Hospital
Clinic

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott Laboratories
GE Healthcare
Siemens
Koninklijke Philips
Nordic Service Group
Gumbo Medical
PrimedeQ
Drägerwerk
ACF Medical
Crothall Healthcare
Eikon Medical Solutions
Healthcare 21
Medical Equipment Repair Associates
Agiliti Health

Please note: The report will take approximately 2 business days to prepare and deliver.