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One driver is the increasing adoption of advanced medical technologies in emerging countries.
The global medical equipment maintenance market is projected to rise by $51.2b through 2028 at a compound annual growth rate of 13.64%, said Technavio.
The sector’s expansion is attributed to a rising focus on preventive maintenance with a trend towards the increasing adoption of advanced medical technologies in emerging countries.
“Regenerative medicine, surgical robots, liquid biopsy, and wearable medical devices are some of the latest advancements in healthcare,” the report said.
Growing demand for advanced medical equipment is also being driven by chronic conditions such as cancer and diabetes, along with lifestyle disorders.
Meanwhile, the market is experiencing notable growth, particularly within the diagnostic imaging sector, with original equipment manufacturers playing a key role in supplying medical devices.
Moreover, market trends show an increasing emphasis on the International Organisation for Standardisation compliance, in-house maintenance, and regulatory frameworks surrounding medical devices.
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