Medical Equipment Calibration Services Market
Medical Equipment Calibration Services Market (By Equipment Types: Cardiovascular Monitors, Fetal Monitors, Imaging Equipment, Vital Sign Monitor, Infusion Pumps, Ventilators and Others; By Types of Services: In-House, Third Party Vendor, OEM Calibration Services) - Global Industry Analysis, Size, Share & Forecast, 2014 - 2020
Global Medical Equipment Calibration Services Market: Brief Account
The global medical equipment calibration services market is prophesied to gain growth while riding on the rising demand for refurbished and new medical equipment. Patients adopting the quality-oriented approach on the part of medical devices could help to considerably increase the growth in the market. Medical equipment calibration services have crossed national boundaries and started to exhibit their prominence across the globe due to stringent government regulations. Other factors such as the sophistication of calibration services at lower cost, ease of access, and quicker calibration could have a positive impact on the growth of the market.
The global medical equipment calibration services market is forecast to be divided as per type of service and type of equipment. On the basis of a segmentation by type of equipment, the market could witness the dominance of imaging equipment in the near future.
The report offers a qualitative and quantitative critical analysis of the global medical equipment calibration services market based on crucial dynamics such as trends and opportunities, growth factors, and growth restraints. Each segment of the market is studied using the best of research and analysis techniques to carefully examine its growth trajectory and other vital aspects.
Global Medical Equipment Calibration Services Market: Trends and Opportunities
A number of key factors such as multiplying environmental norms and the swelling count of hospitals are predicted to promise the birth of favorable opportunities in the world medical equipment calibration services market. More favorable prospects could be birthed in the near future because of the increasing focus of end users on precision and quality. Vendors are compelled to strictly comply with environmental regulations to secure their development in the market. There could be an increasing penetration of players in the coming years and growing focus of consumers on quality.
Furthermore, the escalating count of product recalls witnessed in the world medical equipment calibration services market is foreseen to create lucrative prospects in the foreseeable future. Most of the product recalls are researched to be associated with issues related to packaging and labeling, material and component, and software design. As a result, in order to maintain their reputation, organizations are largely taking to calibration services for products before and after their commercialization.
Global Medical Equipment Calibration Services Market: Geographical Analysis
Currently, Europe is projected to claim a leading position in the international medical equipment calibration services market. For a major part of its growth, the region could be dependent on the aggressively rising healthcare and medical infrastructure, growing count of regional and local companies, and vast research and development. Nonetheless, a faster growth in the market could be accounted to Asia Pacific gaining on the back of increasing government norms, stably improving medical infrastructure, and the snowballing demand for excellent quality medical equipment calibration services. Important regions of the market are foretold to lay emphasis on the growing demand for in-house and third-party services.
Global Medical Equipment Calibration Services Market: Companies Mentioned
The worldwide medical equipment calibration services market is prophesied to include scores of local and small companies in specific regions, thus amounting to a significantly fragmented characteristic of its vendor landscape. Companies such as Biomed Technologies, Inc., NS Medical Systems, JPen Medical Ltd., Tektronix, Inc., and Fluke Biomedical could make their presence known in the industry.
Global Medical Equipment Calibration Services Market: Equipment
- Fetal Monitors
- Imaging Equipment
- Vital Signs Monitors
- Infusion Pumps
- Cardiovascular Monitors
Global Medical Equipment Calibration Services Market: Service
- In-house Calibration Services
- Third-party Calibration Services
- OEM Calibration Services
Global Medical Equipment Calibration Services Market: Region
- North America
- Asia Pacific
- Rest of the World