Medical Equipment Calibration Services Market Size, Share Report, Analysis, Trends, Growth, Forecast, 2021-2028

Medical Equipment Calibration Services Industry Prospective:

The global Medical Equipment Calibration Services Market size 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 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 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

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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 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.

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Medical Equipment Calibration Services Market: Growth Factors

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.

Medical Equipment Calibration Services Market: Report Scope

Medical Equipment Calibration Services Market: Regional Landscape

North American Market To Reach Scalable Heights By 2028

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.

Competitive Insights

Key players influencing market growth and profiled in the 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.
• 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