Medical Equipment Calibration Services MarketSize and Trends

The global medical equipment calibration services market is estimated to be valued at US$ 1,326.9 million in 2022 and is expected to exhibit a CAGR of 9.8% over the forecast period (2022-2030).

Figure 1. Global Medical Equipment Calibration Services Market Share (%), By Region, 2022

The increasing demand for calibration services is expected to drive the market growth over the forecast period.

Medical device failure may lead to medical errors which could prove to be life threatening for the patients. For instance, according to an article published by the Studies in Health Technology journal, a healthcare journal, in 2017, it is estimated that around 251,000 deaths occur annually due to medical error in the U.S. This creates a high demand for calibration services, which is expected to drive the global medical equipment calibration services market over the forecast period.

Report Coverage	Details
Base Year:	2019	Market Size in 2022:	US$ 1,326.9 Mn
Historical Data for:	2016 to 2019	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	9.8 %	2030 Value Projection:	US$ 2,809.3 Mn

Figure 2. Global Medical Equipment Calibration Services Market Value (US$ Mn), By End User, 2022

Key players operating in the market are focusing on providing annual calibration services, which is expected to drive growth of the global medical equipment calibration services market over the forecast period.

For instance, Nordic Service Group, a Denmark-based medical and laboratory equipment service provider offers annual calibration services for medical equipment such as patient simulators, infusion pump analyzers, defibrillator analyzers, gas flow analyzers, digital pressure meters, and others in Holland and England. Along with calibration, Nordic Service Group also includes latest software and firmware update of the medical equipment.

Medical Equipment Calibration Services Market Report Snapshots