According to “North America ISOs Medical Device and Equipment Maintenance and Calibration Services Market, 2014-2030” from Research and Markets, the market was valued at $1,468.8-million in 2019, and it is expected to reach $3,612.9 million by 2030.
Factors such as the enhancements in the medical device industry, stringent regulatory norms, and high awareness of preventive medical equipment maintenance will drive the North American independent service organizations (ISOs) medical device and equipment maintenance and calibration services market at an 8.9% CAGR during the forecast period (2021-2030), according to the report. Currently, the market is witnessing an upward trend in the adoption of comprehensive contracts among the medical centers in the region.
Medical equipment maintenance has been mandatory in North America under a stringent regulatory framework. Additionally, the increasing awareness of the importance of preventive medical equipment maintenance will boost the North American ISOs medical device and equipment maintenance and calibration services market in the future.
The automation segment of the North American ISOs medical device and equipment maintenance and calibration services market is bifurcated into automated devices and manual devices. Of these, the automated devices category accounted for the larger market share in 2019, and it is expected to hold its dominance in the forecast years. This can be attributed to the amplifying financial support from the government for medical automation, increasing technological innovations in automation solutions, and fueling need for the accuracy and reproducibility of medical devices and equipment.
At present, the North American ISO medical device and equipment maintenance and calibration services market is highly fragmented due to the presence of numerous market players. These companies are actively entering into mergers and acquisitions to gain a competitive edge.
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