India Medical Equipment Maintenance Market Size & Outlook
India medical equipment maintenance market, 2016-2028 (US$M)
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India medical equipment maintenance market highlights
- The India medical equipment maintenance market generated a revenue of USD 1,255.2 million in 2021 and is expected to reach USD 2,284.7 million by 2028.
- The India market is expected to grow at a CAGR of 8.9% from 2022 to 2028.
- In terms of segment, imaging equipment was the largest revenue generating equipment in 2021.
- Surgical Instruments is the most lucrative equipment segment registering the fastest growth during the forecast period.
Medical equipment maintenance market data book summary
| Market revenue in 2021 | USD 1,255.2 million |
| Market revenue in 2028 | USD 2,284.7 million |
| Growth rate | 8.9% (CAGR from 2021 to 2028) |
| Largest segment | Imaging equipment |
| Fastest growing segment | Surgical Instruments |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Imaging Equipment, Electromedical Equipment, Endoscopic Devices, Surgical Instruments, Other Medical Equipment |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Koninklijke Philips NV, Draegerwerk AG & Co KGaA, Medtronic PLC, Aramark, Althea Group Holdings Ltd Ordinary Shares, Alliance Medical Group, B. Braun Medical, BC Technical |
Other key industry trends
- In terms of revenue, India accounted for 3.2% of the global medical equipment maintenance market in 2021.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan medical equipment maintenance market is projected to lead the regional market in terms of revenue in 2028.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,998.1 million by 2028.
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Medical Equipment Maintenance Market Scope
Medical Equipment Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
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India medical equipment maintenance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical equipment maintenance market will help companies and investors design strategic landscapes.
Imaging equipment was the largest segment with a revenue share of 35.91% in 2021. Horizon Databook has segmented the India medical equipment maintenance market based on imaging equipment, electromedical equipment, endoscopic devices, surgical instruments, other medical equipment covering the revenue growth of each sub-segment from 2016 to 2028.
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Target buyers of India medical equipment maintenance market databook
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Our clientele includes a mix of medical equipment maintenance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India medical equipment maintenance market , including forecasts for subscribers. This country databook contains high-level insights into India medical equipment maintenance market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India medical equipment maintenance market size, by equipment, 2016-2028 (US$M)
India Medical Equipment Maintenance Market Outlook Share, 2021 & 2028 (US$M)
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