The medical equipment maintenance market size was valued at USD 55.1 Billion in 2023 and is expected to reach a market size of USD 131.9 Billion by 2032 at a CAGR of 10.2%.

The medical equipment maintenance market is experiencing robust growth, driven by increasing healthcare expenditure, technological advancements in medical devices, and the rising need for efficient and reliable equipment in healthcare settings. The market encompasses various services including preventive, corrective, and operational maintenance to ensure the optimal functioning of medical equipment.

Preventive maintenance is gaining traction due to its cost-effectiveness and ability to extend equipment lifespan, thereby reducing the likelihood of unexpected breakdowns. The aging global population and the consequent rise in chronic diseases are also significant factors contributing to the demand for medical equipment maintenance services.

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