Medical Equipment Calibration Services Market to reach USD 2498 Mn by 2027, Technological Advancements and Growth Opportunities

The Medical Equipment Calibration Services Market has been valued at USD 1,386 Mn in 2021 and is expected to grow at USD 2498 Mn in 2027, at a CAGR of 10.32 percent through the forecast period.

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Medical Equipment Calibration Services Market Report Scope and Research Methodology:

Medical equipment calibration services play an important role in reducing errors and bringing measurements to an acceptable level, thereby minimizing uncertainty in measurements. The report highlights the significance of calibrating equipment in the medical device industry, where a drift in measurement is considered unacceptable.
The market size for 2021 is considered as the base year to forecast the market from 2022 to 2027. 2020's market size is estimated based on real numbers and outputs of key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027.

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Medical Equipment Calibration Services Market Dynamics:

The growing need for calibrating biomedical equipment as per the principal industry regulations about patient safety and efficacy of the device is one of the driving factors for the market. The demand for calibrating services is increasing due to rising technologies and the growing demand for services from the hospital sector.

The launching of new devices with high competence is another driving factor that boosts market growth. For example, TekDrive™ announced the first native oscilloscope-to-cloud software solution to smoothen the calibration workflow on an oscilloscope, PC, phone, or tablet, which fueled the accuracy rate in accessing data and collaboration.Regulatory agencies accept the necessity of precision in medical instruments, and regulatory criteria for instrument calibration have been established. Instrument calibration services that adhere to regulatory requirements defined by governing organizations are becoming increasingly popular in the medical, pharmaceutical, and biomedical industries.

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Medical Equipment Calibration Services Market Regional Insights:

This market overview report explores global market segments such as type, end-user, and region, providing data from market participants and regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America.

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Medical Equipment Calibration Services Market Segmentation

By Type:

• Original Equipment Manufacturer
• Third-Party Services
• In-House Services

By End User:

• Clinical Laboratories
• Hospitals
• Others

Purchase Report:

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Medical Equipment Calibration Services Market Key Competitors include:

• Tektronix
• Fluke Biomedical
• Biomedical Technologies Inc.
• NS Medical Systems
• Transcat, Inc.
• JM Test Systems
• JPen Medical
• TAG Medical
• Hospicare Equipment Services Corp
• Spectrum
• Helix
• Medserve Ltd.
• Industrial Calibration and Service Co. Inc.
• NS Medical Systems
• Custom Calibration Inc.
• Calibration Laboratory LLC.
• Morehouse Instrument Company Inc.
• Strainsert Inc
• Sierra Instruments Inc.

Table of Content for Medical Equipment Calibration Services Market

1. Global Medical Equipment Calibration Services Market: Research Methodology

2. Global Medical Equipment Calibration Services Market: Executive Summary

• Market Overview and Definitions
o Introduction to Global Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry

3. Global Medical Equipment Calibration Services Market: Competitive Analysis

• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact

4. Global Medical Equipment Calibration Services Market Segmentation

• Global Market, by Type (2021-2027)
• Global Market, by End User (2021-2027)

5. Regional Medical Equipment Calibration Services Market (2021-2027)

• Regional Market, by Type (2021-2027)
• Regional Market, by End User (2021-2027)
• Regional Market, by Country (2021-2027)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2027
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Type and End User
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
 Competitive landscape - Market Leaders, Market Followers, Regional player
 Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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