Report ID: UCMIG35A2686
Report ID:
UCMIG35A2686 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Medical equipment calibration services are anticipated to develop at a CAGR (compound annual growth rate) of 9.4% from 2021 to 2028, from a market size of USD 1.0 billion in 2020. This growth can be attributed to advancements in the medical device sector, strict calibration regulations, and growing public consciousness of the value of routine upkeep for medical equipment. A number of other reasons, such as increased investment by companies in healthcare infrastructure & rising demand for reconditioned medical equipment, are also contributing to the market's expansion. Due to COVID-19, the healthcare industry is under a lot of stress. It has caused problems for all businesses and industries, but healthcare facilities and hospitals have been severely damaged.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2686