India Medical Equipment Maintenance Market Size & Outlook, 2025-2033
India Medical Equipment Maintenance Market Size
According to Straits Research analysis, the India Medical Equipment Maintenance Market was valued at USD 2164.87 Million in 2024 and is projected to reach USD 5504.66 Million by 2033, expanding at a CAGR of 11% during the forecast period. Growing demands in sectors namely healthcare, pharmaceuticals, and biotechnology majorly drive this market. The steady rise in the country's ageing population and escalating prevalence of chronic diseases necessitate routine maintenance of medical devices for optimal performance. Emerging trends such as the integration of IoT, AI and machine learning in device maintenance spells extensive growth opportunities. Embracing these technological advancements foster the market's export potential. Simultaneously, the country's bid towards low-carbon, sustainable practices further bolsters the market's position globally. As India strides towards becoming a global healthcare hub, the robust development in its medical equipment maintenance sector underlined by innovative technology adoption is of keen strategic significance.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Equipment Maintenance Market Highlights
- By segment, Corrective Maintenance emerged as the largest Service Type in terms of market size in 2024.
- Preventive Maintenance is anticipated to remain the most attractive Service Type segment, recording the fastest growth during the forecast period.
- As of 2024, India held 5.14% of the global medical equipment maintenance market size.
- By 2033, United States is anticipated to capture the largest share of the global medical equipment maintenance market.
- In Asia Pacific, China is expected to lead the regional medical equipment maintenance market size by 2033.
- India will remain the fastest-growing market in Asia Pacific, reaching USD 58503 Million by 2033.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 2164.87 Million |
| Market Size In 2033 | USD 5504.66 Million |
| Largest segment | Corrective Maintenance |
| Fastest segment | Preventive Maintenance |
| Units | Revenue in USD Million |
| CAGR | 11% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Service Type |
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| Service Provider |
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| Device Type |
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| End-User |
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India Medical Equipment Maintenance Market By Service Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Equipment Maintenance Market By Service Provider 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Equipment Maintenance Market By Device Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Equipment Maintenance Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
