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Saturday, June 15, 2024 The global medical equipment maintenance market is projected to grow at a CAGR of 10.5%, reaching USD 88.9 billion by 2029, up from USD 54.

0 billion in 2024. This growth is driven by the rising prevalence of chronic diseases such as diabetes, cardiovascular conditions, and cancer, which increases the demand for essential medical devices. Healthcare facilities are increasingly investing in advanced equipment for accurate diagnosis, treatment, and monitoring, necessitating regular maintenance to ensure optimal functionality and reliability.



However, the significant initial costs of acquiring medical equipment, coupled with ongoing budget constraints, pose challenges, prompting providers to seek cost-effective maintenance solutions. Key players like GE Healthcare Technologies Inc., Siemens Healthineers, and Medtronic plc offer comprehensive maintenance services tailored to meet the diverse needs of healthcare facilities globally, ensuring operational excellence and patient safety.

The global expansion of medical equipment markets is driven by the need for safer, more efficient, and higher-quality healthcare. Innovations in the sector further accelerate this growth, with patients increasingly favoring technologically advanced devices due to improved affordability and accessibility. E-commerce platforms and third-party providers contribute to this growth by expanding delivery infrastructure and comprehensive networks.

Maintenance programs for medical device.

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