The medical equipment repair and maintenance market is projected to grow at 11.83% CAGR, reaching $86.94 billion by 2030. Key drivers include advanced technologies and the Internet of Medical Things, with opportunities in predictive analytics and AI despite high labor costs.
Medical device recalls fell 4.4% in Q2 2023 to 241 events, with quality concerns accounting for the majority of recalls.
The global market for medical imaging equipment services is projected to reach a size of $21.7 billion by 2027, from an estimated $17.4 billion in 2020, according to the newly released report "Global Medical Imaging Equipment Services Industry."
The medical equipment repair and maintenance market is projected to grow at 11.83% CAGR, reaching $86.94 billion by 2030. Key drivers include advanced technologies and the Internet of Medical Things, with opportunities in predictive analytics and AI despite high labor costs.
The future of the global medical device market is bright—and public and private hospitals are poised to capitalize on its success, say officials from ResearchAndMarkets.com. In fact, the global medical device market is expected to grow at a compound annual growth rate of 4.5% from 2018 to 2023, reaching $409.5 billion, researchers reveal.
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The global medical device testing services market is expected to reach $13.4 billion by 2025, expanding at a CAGR of 11.5% during the forecast period, according to a new study. Increasing spending in the preclinical phase of medical devices, coupled with the growing outsourcing rate, is anticipated to help the market gain significant traction.
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Carestream Health announced that it earned the top rating in MD Buyline’s Market Intelligence report for its portable and room-based digital radiography (DR) systems in every quarter of 2015. Carestream’s DRX-Revolution mobile x-ray system, DRX-Evolution, DRX-Evolution Plus, and DRX-Ascend systems received high marks from healthcare providers for performance, reliability, installation, and service, according to MD Buyline.
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North America is expected to continue dominating the global monitoring devices market, accounting for about 35% of the overall market by end of 2015, according to a new report from Future Market Insights. “Vital Signs Monitoring Devices Market: Global Industry Analysis and Opportunity Assessment 2015-2025” covers trends driving growth in each segment of the vital signs monitoring devices market in specific regions.
Read MoreAccording to analysts at technology market research firm Technavio, the global portable ultrasound market is predicted to grow at a compound annual growth grate of 8.74% from 2014 to 2019, largely due to an increasing geriatric population. Portable ultrasound devices are lighter and smaller than conventional ultrasound machines, and can be used at point of contact and operated on battery power.
Read MoreAccording to a new study by Hexa Research, the global market for portable x-ray and CT scan devices is predicted to grow at a compound annual growth grate of 7.5% from 2013 to 2020. The demand for portable scanning devices will be driven by growing cases of accidents and health conditions among the aging population, necessitating orthopedic, cardiovascular, or brain-related investigations.
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According to a market report from Kalorama Information, an industry intelligence provider, the world market for ultrasound systems will continue to grow until the year 2018, driven by technological advances in ultrasound that make it more affordable and portable.
