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Medical Equipment Calibration Services Market 2024-2033 International Expansion, Share Analysis, Size And Major Players
Medical Equipment Calibration Services Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the medical equipment calibration services industry. This report on medical equipment calibration services market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The medical equipment calibration services market size has grown rapidly in recent years. It will grow from $1.48 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to global health preparedness, remote calibration services, patient-centric care, aging medical equipment, regulatory compliance.
The medical equipment calibration services market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to digital health expansion, eco-friendly calibration practices, preventive maintenance, clinical laboratory accreditation, patient safety. Major trends in the forecast period include telehealth equipment calibration, remote calibration support, digital calibration solutions, internet of things (iot)-enabled calibration, artificial intelligence (AI)-enhanced calibration.
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Key Market Players:
Transcat Inc., Tektronix Inc., Fluke Biomedical LLC, Biomedical Technologies Inc., NS Medical Systems, JM Test Systems LLC, JPen Medical, TAG Medical Products, Hospicare Equipment Services Corp
Market Drivers:
According to the Medical Equipment Calibration Services Market Report 2024 by The Business Research Company, the increasing prevalence of chronic diseases is expected to propel the growth of medical equipment calibration services going forward. Chronic disease refers to a form of illness that lasts for three months or more and can deteriorate with time. Chronic diseases necessitate ongoing monitoring and management, increasing the demand for diagnostic and monitoring equipment that requires regular calibration. Accurate and reliable equipment is vital for quality assurance, regulatory compliance, patient safety, and long-term care facilities. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the medical equipment calibration services market.
More information about the Global Medical Equipment Calibration Services Market Report -
https://www.thebusinessresearchcompany.com/report/medical-equipment-calibration-services-global-market-report
Market segments for template include:
1) By Service: In-house, Third-Party Services, Original Equipment Manufacturer (OEM)
2) By Equipment: Fetal Monitors, Imaging Equipment, Vital Sign Monitors, Infusion Pumps, Cardiovascular Monitors, Ventilators, Other Equipments
3) By End User: Hospitals, Clinical Laboratories, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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