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Medical Equipment Calibration Services Market by Product (Fetal Monitors, Ventilators, Vital Sign Monitors, Cardiovascular Monitors, Infusion Pumps, Imaging Equipment), and Type of Services (In-House Calibration Services, Third Party Calibration Services, original Equipment Manufacturer Calibration Services) and Forecast 2024-2031


Report Specifications: Market Size, Market Share, Growth Trends, Forecast, Geography

Medical equipment calibration is the process of measuring and adjusting equipment against a reference standard with known values and measurements. Calibration is defined as an operation that, under specified conditions, performs two steps. In the first step, it establishes a relation between the quantity values with measurement uncertainties provided by measurement standards and corresponding indications with associated measurement uncertainties (of the calibrated instrument or secondary standard). In the second step, it uses this information to establish a relation for obtaining a measurement result from an indication. The purpose of calibration is to minimize any measurement error by ensuring the precision and accuracy of the instrument. The healthcare industry, calibration of medical equipment is required in order to ensure better patient safety. The market growth of these calibration services is driven by growing concerns for patient safety, and increasing number of medical device companies, etc.

The global medical equipment calibration services market report provides market size ($Million 2021 to 2031), market share, market trends and forecast (CAGR%, 2024 to 2031).

The global medical equipment calibration services market segmentation is based on Equipment types (fetal monitors, ventilators, vital sign monitors, cardiovascular monitors, infusion pumps, imaging equipment, etc.), and type of services (in-house calibration services, third party calibration services, original equipment manufacturer calibration services). The global medical equipment calibration services market research report is divided by geography (regional and country based) into North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World.

Major players operating in the global medical equipment calibration services market and included in this report are Biomed Technologies, Inc., Fluke Biomedical, Industrial Calibration and Services Company, Inc., JM Test Systems, Inc., JPen Medical Ltd., Medserve Ltd., NS Medical Systems, STQC, Government of India, TAG Medical, Tektronix, Inc and Transcat, Inc.

DATA INCLUDED: Medical Equipment Calibration Services Market Size, Medical Equipment Calibration Services Market Share, Medical Equipment Calibration Services Market Growth Rates, Medical Equipment Calibration Services Market Trends, and Medical Equipment Calibration Services Market Forecast to 2031

Market Data:

  • Base year for estimation: 2023
  • Actual estimates/Historical data: 2021-2031
  • Forecast period: 2024-2031
  • Market representation: Revenue in $million and CAGR % from 2024 to 2031
  • Regional scope: North America, Europe, Asia Pacific, Latin America, Rest of the World (Middle East & Africa)
  • Country scope: U.S., Canada, U.K., Germany, France, Italy, Spain, Japan, China, India, South Korea, Brazil, Mexico, South Africa, South Korea, Saudi Arabia, UAE and others.
  • Report coverage: Revenue forecast, company share, competitive landscape, growth factors, and trends
  • 15% free customization scope: Any specific or custom requirements, which is not currently within the scope of the report, will be provided as a part of customization.

Qualitative Analysis:

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Key market opportunities
  • Market size
  • Growth trends
  • Porter’s five forces analysis
  • Market attractiveness analysis
  • Competitive landscape
    • Company overview
    • Financial performance
    • Product portfolio
    • Strategic insights
    • Recent developments

Quantitative Analysis:

  • Market size estimates and forecast for all segments
  • Regional market size estimated and forecast for major countries
  • Company financial performance
  • Competitive landscape: Company market share analysis

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  1. Introduction
  2. Executive Summary
    • Market Size Estimation ($million, 2021-2031)
    • Forecast Estimation ($million and CAGR%, 2024-2031)
  3. Research Methodology
  4. Market Landscape
    • Market Dynamics
      • Drivers
      • Barriers
      • Opportunities
    • Market Share Analysis
      • Companies
      • Equipment
    • Market Trends Analysis
      • Key success factors
      • Market Growth Rate
    • Market Attractiveness Analysis
    • Market Profitability Analysis
      • Buyer power
      • Supplier power
      • Barriers to entry
      • Threat of substitute products
      • Rivalry among firms in the industry
      • Distribution Channels
  5. Market Segmentation [refer Market Segments and Companies Tab]
    • Equipment or Brand Type
    • Modality Type
    • Indication Type
    • Procedure Type
    • Technology
    • Diagnostics, Therapeutic or Surgical Application
    • End User Groups
  6. Geography (Region, Country)
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World (Middle East & Africa)
  7. Regulatory Overview 
    • Device Classification I, II, III, IV
    • Device (FDA, EMEA) Approvals
  8. Company Profiles [refer Market Segments and Companies Tab]
    • Company Overview
    • Financial Snapshot
    • Product Portfolio
    • Business Strategies
    • Recent Developments
  9. Recommendations
  10. References

Key Questions Answered:
1. What are the factors driving and limiting this market, key success factors and challenges?
2. Which are the leading competitors in the market, their market share, profitability and key trends by product, technology, services portfolio?
3. How do markets perform between countries and regions?
4. What market segments are contributing to maximum share and greatest growth?
5. What are the product or procedure volumes by country and regions?

Actionable Insights Included:
1. Product portfolio matrix (Share vs. Growth)
2. Market attractiveness (Region vs. Growth)
3. Spot matrix (Product vs. Region)
4. Geographic distribution matrix (Share vs. Growth)

Medical Equipment Calibration Services Market

1. Equipment Type
1.1 Fetal Monitors
1.2 Ventilators
1.3 Vital Sign Monitors
1.4 Cardiovascular Monitors
1.5 Infusion Pumps
1.6 Imaging Equipments
1.7 Others

2. Service Type
2.1 In-House Calibration Services
2.2 Third Party Calibration Services
2.3 Original Equipment Manufacturer (OEM) Calibration Services

3. Geography (Region, Country)
3.1 North America (U.S., Canada)
3.2 Latin America (Brazil, Mexico, Rest of LA)
3.3 Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
3.4 Asia Pacific (Japan, China, India, Rest of APAC)
3.5 Rest of the World

4. Company Profiles
4.1 Biomed Technologies
4.2 Fluke Biomedical
4.3 Industrial Calibration and Service Company, Inc.(IN-CAL)
4.4 JM Test Systems, Inc.
4.5 JPen Medical
4.6 Medserve Ltd.
4.7 NS Medical Systems
4.8 STQC (Department of Information Technology), Government of India
4.9 TAG Medical
4.10 Tektronix, Inc.
4.11 Transact, Inc.

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