A new report from Lucintel predicts that the medical equipment maintenance market will recover in 2021 from the 2020 downturn caused by the COVID-19 pandemic and is expected to reach an estimated $45.5 billion by 2025 with a CAGR of 5% to 7% from 2019 to 2025, reports Yahoo Finance

In this market, maintenance services of medical equipment consist of preventive, corrective, and operational maintenance for imaging equipment, endoscopic devices, surgical instruments, and electromedical equipment. Lucintel forecasts that the preventive maintenance market will remain the largest service type over the forecast period as this maintenance service ensures safe, efficient, and long-lasting use of medical devices.

Read more on Yahoo.