Top Companies in Medical Equipment Maintenance

The global medical equipment maintenance market is projected to reach USD 101.52 billion by 2030 from USD 60.68 billion in 2025, growing at a CAGR of 10.8% during the forecast period. The increasing prevalence of chronic diseases, including diabetes, cardiovascular conditions, and cancer, significantly escalates the demand for medical devices essential for diagnosis, treatment, and monitoring. As the number of patients requiring ongoing medical care rises, healthcare facilities invest more in advanced medical equipment to provide accurate and efficient care. This surge in the use of medical devices, in turn, necessitates regular and rigorous maintenance to ensure their optimal functionality and reliability. Proper maintenance is crucial to prevent equipment malfunctions, minimize downtime, and ensure patient safety. Consequently, the growing burden of chronic diseases is a catalyst for expanding the medical equipment maintenance market, as healthcare providers prioritize the upkeep of their equipment to support high-quality patient care and meet regulatory standards.

• In April 2024, Canon Inc. (Japan) launched Canon NorthStar, an all-in-one solution platform that provides end-to-end advisory, equipment, and associated services for setting up complete studio operations. This innovative platform combines the best technology companies and industry experts to assist customers.
• In March 2023, GE Healthcare (US) signed a 10-year agreement with Advantus Health to provide Healthcare Technology Management (HTM) services to Advantus Health’s clients.

Prominent players in this market include Siemens Healthineers AG (Germany), GE Healthcare (US), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), FUJIFILM Holdings Corporation (Japan), Olympus Corporation (Japan), Stryker (US), Canon Inc. (Japan), Drägerwerk AG & Co. KGaA (Germany), Hitachi, Ltd. (Japan), B. Braun SE (Germany), Elekta (Sweden), Shimadzu Corporation (Japan), Althea Group, LLC (Italy), and Agfa-Gevaert Group (Belgium).

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GE Healthcare (US)

GE Healthcare is a leading player in the medical equipment maintenance market, offering comprehensive maintenance solutions for healthcare facilities worldwide. Their services include preventive and corrective maintenance, equipment upgrades, and predictive maintenance powered by data analytics. With a global presence and advanced technologies, GE Healthcare ensures the reliability and efficiency of medical devices across various healthcare settings. Their commitment to customer satisfaction and innovation keeps them at the forefront of the industry.

Siemens Healthineers AG (Germany)

Siemens Healthineers is a prominent figure in the medical equipment maintenance market, recognized for its cutting-edge technologies and extensive healthcare solutions. With a global footprint and a diverse portfolio of medical devices and services, Siemens Healthineers offers a broad spectrum of maintenance solutions tailored to meet the evolving needs of healthcare facilities worldwide. Siemens Healthineers' medical equipment maintenance expertise spans various healthcare settings, including hospitals, clinics, diagnostic centers, and research institutions. Leveraging advanced technologies and a network of skilled technicians, the company delivers timely and cost-effective maintenance solutions to optimize equipment performance and minimize downtime.

Medtronic (Ireland)

Medtronic plc holds a significant position in the medical equipment maintenance market, renowned for its extensive portfolio spanning cardiac devices, spinal and orthopedic products, and surgical instruments. Emphasizing comprehensive maintenance services, Medtronic delivers preventive, corrective, and extended warranty solutions tailored to optimize performance and reliability across its diverse range of medical equipment. Medtronic's services ensure operational excellence and support healthcare providers in delivering quality care by targeting hospitals, ambulatory surgical centers, and specialty clinics.

Market Ranking:

The medical equipment maintenance market is highly competitive, dominated by major players—GE Healthcare (US), Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), and FUJIFILM Holdings Corporation (Japan)—accounting for the largest share of the market. The leading players have strong global networks and established distribution in North America and Europe. These companies leverage partnerships, advanced R&D, and brand strength to maintain their lead. Meanwhile, smaller players compete by offering low-cost services and innovative technologies, creating a fragmented market with global giants and agile regional providers.

Related Reports:

Medical Equipment Maintenance Market by Device (MRI, X-ray, CT, Ultrasound, Patient Monitoring, Dental Equipment), Provider (OEM, ISO), Service (Preventive, Corrective), Contract Service (Customized, Add-on), End User (Hospital, ASCs) - Forecast to 2030

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