Growth and Innovation in Healthcare
The U.S. medical equipment maintenance market is transforming through technology, competition, and evolving healthcare demands.
Medical Device MRO
Market Analysis
The U.S. Medical Equipment Maintenance and MRO market is set for robust expansion, with the market size projected to rise from $44.4 billion in 2024 to $95 billion by 2030, reflecting a CAGR between 1.56% and 13.5%. This growth is fueled by rising demand for medical devices and an increasing focus on preventive maintenance. Strategic drivers include innovative financing and the uptake of refurbished systems. However, the market is challenged by high costs, a shortage of skilled technicians, and regulatory compliance hurdles. Companies should prioritize cost efficiency and workforce development to capitalize on these trends.
~
$
44.4
B
Market Value 2024 (U.S)
~
$
95
B
Market Value 2030 (U.S)
1.6
%
CAGR (U.S)
Key Market Drivers
Growth in medical equipment markets
Focus on preventive maintenance
Adoption of innovative funding mechanisms
Market Inhibitors
High initial costs and significant maintenance expenditure
Dearth of skilled technicians and biomedical engineers
Compliance issues with New Medical Device Regulation guidelines and Golden Rule
Our Insights
The U.S. Medical Equipment Maintenance and MRO sector is primed for transformative growth, but the real winners will be those who excel at navigating regulatory complexity, talent shortages, and relentless competitive pressures. Business owners should hone their differentiation by investing in digital and AI-driven services, prioritizing predictive maintenance and cybersecurity to address evolving client needs. Consolidation offers scale, but must be paired with agility and compliance focus to withstand regulatory scrutiny. Sustainability, inclusivity, and strategic partnerships are not just value-adds—they are imperatives for enduring relevance. Proactive adaptability, workforce upskilling, and a relentless customer focus will define market leaders.
Key Players in The Industry
ISS Solutions
Comprehensive Healthcare Technology Management (HTM) services, including medical equipment maintenance and repair, complete maintenance, knowledge, and CMMS solutions. Targets larger healthcare institutions and independent providers.
Agiliti Health
Unknown
Innovatrix Biomedical, LLC
Unknown
Recent
M&A Activity
General trends indicate significant growth and transformation in the medical device MRO sector, driven by technological advancements and cost optimization.
Acquisition
2025
Aptyx acquiring Medical Murray’s North Carolina facility
Expansion of interventional portfolio
Acquisition
2025
KARL STORZ acquiring T1V’s medical business
Strengthening digital surgery suite
Acquisition
2025
Boston Scientific acquiring Bolt Medical
Enhancing cardiovascular offerings