Global Medical Equipment Calibration Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Equipment Type;

Vital Sign Monitors, Ventilators, Fetal Monitors, Cardiovascular Monitors, Imaging Equipment, Infusion Pumps, and Other Equipment.

By Type of Service;

In-House Calibration Services, Third Party Calibration Services, and OEM (Original Equipment Manufacturer) Calibration Services.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn211834775 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Medical Equipment Calibration Market (USD Million), 2021 - 2031

In the year 2024, the Global Medical Equipment Calibration Market was valued at USD 1,729.73 million. The size of this market is expected to increase to USD 3,383.64 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.1%.

The Global Medical Equipment Calibration Market is experiencing steady growth, driven by the increasing reliance on advanced medical devices and the growing emphasis on ensuring the accuracy and safety of these devices. Calibration is essential for maintaining the reliability and performance of medical equipment, ensuring that devices like diagnostic machines, monitoring systems, and therapeutic instruments meet regulatory standards. Accurate calibration is critical for preventing errors in diagnosis and treatment, as well as ensuring patient safety. With the rise of complex technologies in healthcare, including diagnostic imaging, patient monitoring, and laboratory instruments, the demand for calibration services is expanding, especially in hospitals, clinics, and medical device manufacturers.

The market is segmented by the types of services offered, with on-site calibration services and laboratory-based calibration services being the primary categories. On-site calibration services are often preferred by healthcare facilities due to convenience and the ability to perform calibration without needing to transport equipment. These services are crucial for large medical facilities where downtime for equipment calibration can impact patient care. Laboratory-based calibration services, on the other hand, are typically used for more specialized or high-precision equipment, where the instruments are sent to calibration laboratories equipped with advanced tools and standards. Both service types are essential to ensure compliance with industry standards, including ISO, FDA, and other regulatory bodies.

Geographically, the Global Medical Equipment Calibration Market is seeing significant growth in North America and Europe, where advanced healthcare infrastructure, stringent regulations, and a high demand for precision in medical treatments drive the market. However, the Asia-Pacific region is emerging as a key growth area due to the rapid expansion of healthcare infrastructure and the increasing number of medical device manufacturers in countries like China and India. As the global healthcare industry continues to evolve and adopt new technologies, the demand for accurate calibration will remain critical in maintaining the efficacy and safety of medical devices, ensuring the market's continued expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Equipment Type
    2. Market Snapshot, By Type of Service
    3. Market Snapshot, By Region
  4. Global Medical Equipment Calibration Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Regulatory Compliance Requirements
        3. Increasing Focus on Patient Safety
      2. Restraints
        1. High Initial Investment Costs
        2. Lack of Skilled Workforce
        3. Stringent Regulatory Procedures
      3. Opportunities
        1. Emerging Markets Expansion
        2. Integration of IoT and AI in Calibration
        3. Outsourcing Calibration Services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Medical Equipment Calibration Market, By Equipment Type, 2021 - 2031 (USD Million)
      1. Vital Sign Monitors
      2. Ventilators
      3. Fetal Monitors
      4. Cardiovascular Monitors
      5. Imaging Equipment
      6. Infusion Pumps
      7. Others
    2. Global Medical Equipment Calibration Market, By Type of Service, 2021 - 2031 (USD Million)
      1. In-House Calibration Services
      2. Third Party Calibration Services
      3. OEM (Original Equipment Manufacturer) Calibration Services
    3. Global Medical Equipment Calibration Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
        3. Europe
      2. Germany
        1. United Kingdom
        2. France
        3. Italy
        4. Spain
        5. Nordic
        6. Benelux
        7. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Industrial Calibration and Service Co. Inc
      2. JM Test Systems Inc
      3. ektronix Inc
      4. Biomed Technologies Inc (Abbott Laboratories)
      5. Fluke Biomedical (Fortive)
      6. Analyst Views
  7. Future Outlook of the Market