Medical equipment calibration helps to detect a defective instrument that does not provide accurate measurement values according to the manufacturer’s standard. Calibration helps in reducing errors uncertainties in measurements and bringing them to an acceptable standard. Medical equipment calibration varies from instrument to instrument. Healthcare professionals rely on the accuracy and precision of medical devices to monitor patients’ health. Medical devices such as Magnetic resonance imaging (MRI) scanners, blood pressure monitors, and others are prone to wear and tear over time which severely affects its accuracy and performance. Any drift in the accuracy and precision of medical equipment is found to be unacceptable in the medical device industry as it directly affects the health of the patient. Thus, it is essential to calibrate medical equipment regularly, without fail. The manufacturer of a medical equipment is responsible for laying out procedure for calibration of its equipment. Medical equipment must be calibrated as many times as recommended by its respective manufacturer in order to maintain its effectiveness.

Market Dynamics

Rising demand for calibration services, increasing demand for refurbished medical equipment, stringent regulatory guidelines for proper functioning of medical devices, and increasing service launches by key players operating in the market are the major factors that are expected to drive growth of the global medical equipment calibration services market over the forecast period.

For instance, according to an article published by the Journal of Biomedical Physics and Engineering in April 2019, medical devices used for monitoring and treatment of patients in hospitals require periodic safety and performance checks including quality control tests, calibration, and others to assure proper functioning. The same source also highlights the need for educational training and programs amongst healthcare workers to create awareness regarding the importance of medical equipment calibration in the medical industry. Thus, high importance of medical equipment calibration is expected to increase the demand for calibration services over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global medical equipment calibration services market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global medical equipment calibration services market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
• Key companies covered as a part of this study include Tektronix, Inc., NS Medical Systems, Fluke, Transcat, Inc., Helix Private Limited, Spectrum Technologies, JM Test Systems, Micron, JPen Medical, Industrial Calibration and Service Company, Inc., DD Group, Seal Calibration, Hospicare Equipment Services Corporation, ERD, LLC., Aussin, Calibrationhouse, Obelis UK Ltd, Autocal Systems, Forest Medical UK LTD, and Medisave UK Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global medical equipment calibration services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical equipment calibration services market

Detailed Segmentation:

• Global Medical Equipment Calibration Services Market, By Service Type:
  • In-house
  • Original Equipment Manufacturer (OEM)
  • Third-party Services
• Global Medical Equipment Calibration Services Market, By End User:
  • Hospitals & Clinics
  • Diagnostic Laboratories
  • Others (Specialty Centre, among others)
• Global Medical Equipment Calibration Services Market, By Region:
  • North America
    • By Country
      • U.S.
      • Canada
  • Latin America
    • By Country
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region
      • South Africa
      • Central Africa
      • North Africa
• Company Profiles
  • Tektronix, Inc.*
    • Company Overview
    • Material Portfolio
    • Financial Performance
    • Key Highlights
    • Market Strategies
  • NS Medical Systems
  • Fluke
  • Transcat, Inc.
  • Helix Private Limited
  • Spectrum Technologies
  • JM Test Systems
  • Micron
  • JPen Medical
  • Industrial Calibration and Service Company, Inc.
  • DD Group
  • Seal Calibration
  • Hospicare Equipment Services Corporation
  • ERD, LLC.
  • Aussin
  • Calibrationhouse
  • Obelis UK Ltd
  • Autocal Systems
  • Forest Medical UK LTD
  • Medisave UK Ltd

 “*” marked represents similar segmentation in other categories in the respective section.