Market Challenges And Opportunities

Global Medical Equipment Calibration Services Market – Impact of Coronavirus (Covid-19) Pandemic

SARS-CoV-2 (Severe acute respiratory syndrome coronavirus) was first reported from Wuhan, China in December 2019, and was declared as a global pandemic by the World Health Organization (WHO), which designates this SARS-CoV-2 infection as novel Coronavirus (COVID-19). According to the Coronavirus (COVID-19), Weekly Epidemiological Update by the World Health Organization, COVID-19 has spread across the globe infecting over 422 million population leading to more than 5.9 million deaths as of February 22, 2022. The negative impact of COVID-19 on the healthcare domain is huge and it has significantly disrupted the healthcare industries’ entire supply chain, from raw materials to manufacturing and delivery. However, the COVID-19 pandemic is expected to show a positive impact on the overall growth of the global medical equipment calibration services market, owing to growing need for calibration of medical devices in order to ensure accurate diagnosis of COVID-19 and related complications.

For instance, in November 2020, the World Health Organization (WHO) released a ‘Priority medical devices list for the COVID-19 response and associated technical specifications’. These technical specifications focused on several factors such as calibration documents, regulatory approval/certification, and others to ensure only properly functional and accurate medical equipment is used for the treatment and management of COVID-19 patients.

Global Medical Equipment Calibration Services Market - Restraint

The lack of awareness and eagerness for routine calibration services are factors that are expected to hinder growth of the global medical equipment calibration services market over the forecast period. For instance, according to an article published by the International Journal of Caring Sciences, an academic peer-reviewed journal in May 2020, in a survey conducted amongst healthcare professionals in Turkey, it was observed that around 72.2% of survey participants did not receive any training on calibration while 14.3% of the survey participants reported using un-calibrated devices. This study concluded that healthcare professionals had a low level of knowledge about calibration, did not receive training on calibration and used non-calibrated medical devices.

Key Players

Major players operating in the global medical equipment calibration services market 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.