Medical equipment calibration is a process to ensure that the output of the medical devices is as per the industry standards. Calibration is the comparison with the standard measurement by using the medical instrument to determine the quality of the equipment. It ensures the instrument's precision and accuracy to reduce measurement errors. Medical equipment calibration is an essential aspect of quality control. As medical equipment measurements significantly impact public health and safety, the pharmaceutical and biotech industry must adhere to regulations throughout testing, calibration, and sampling.
MARKET SCOPE
The "Global Medical Equipment Calibration Services Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical equipment calibration services market with detailed market segmentation by service, end user, and geography. The report provides key statistics on the market status of the leading medical equipment calibration services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on service, the global medical equipment calibration services market is segmented into in-house, third-party services and original equipment manufacturer (OEM).
- On the basis of end-users, the market is bifurcated into hospitals, clinical laboratories and others.
MARKET DYNAMICS
Drivers:
- Rising demand for calibration services and market strategies, such as total annual calibration service subscriptions provided by service providers, drive the medical equipment calibration services market growth.
- The growing number of medical devices and increasing awareness about preventative medical equipment maintenance boost the market growth.
- Increasing research and development measures along with demand for refurbished medical equipment fuel the market growth.
Restraints:
- Lack of skilled technicians.
- Stringent regulatory authorities.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical equipment calibration services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical equipment calibration services market in these regions.
IMPACT OF COVID-19 ON MEDICAL EQUIPMENT CALIBRATION SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic had a significant impact on the market as medical equipment maintenance has become more crucial than in normal times. The market has experienced unprecedented difficulty due to governments' social distancing guidelines to prevent virus transmission. Overall, this has affected the sales and pharma personnel's face-to-face interactions. Also, the U.K.'s MHRA has issued recommendations to manufacturers and laboratories during the COVID-19 pandemic who require outside engineers to calibrate their equipment. The factors mentioned above have impacted the market in the pandemic period.
MARKET PLAYERS
The report covers key developments in the medical equipment calibration services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from medical equipment calibration services market are anticipated to have lucrative growth opportunities in the future with the rising demand for medical equipment calibration services in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical equipment calibration services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Tektronix
- NS Medical Systems
- Fluke Biomedical
- Transcat, Inc.
- Biomedical Technologies Inc.
- JM Test Systems
- JPen Medical
- Industrial Calibration and Service Co. Inc.
- TAG Medical
- Medserve Ltd