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PUBLISHER: Grand View Research | PRODUCT CODE: 1571720

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PUBLISHER: Grand View Research | PRODUCT CODE: 1571720

Medical Equipment Third Party Calibration Services Market Size, Share & Trends Analysis Report By End-use (Hospitals, Clinical Laboratories, Others), By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Medical Equipment Third Party Calibration Services Market Growth & Trends:

The global medical equipment third party calibration services market size is anticipated to reach USD 1.08 billion by 2030 and is projected to grow at a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. The increasing prevalence of chronic diseases and high demand for effective diagnosis, as well as increased usage of refurbished medical equipment to fulfill the rising demand for healthcare services, leads to the growth of the third-party calibration services market.

The COVID-19 pandemic fueled the growth of the calibration of medical equipment to ensure the quality and accuracy of the instruments for better diagnosis. The stringent regulations and acquisitions of various firms to expand their presence further boost market growth. Technological advancements enabled third-party vendors to offer remote calibration services without human involvement. Furthermore, the key players are acquiring companies to expand their presence and calibration services. For instance, Transcat, Inc. acquired TIC-MS, Inc., a U.S.-based calibration laboratory, in March 2023 to strengthen its presence in the Midwest region of the country.

Various regulatory frameworks are established to ensure seamless processes and not compromise the quality of medical equipment. For instance, ISO/IEC 17025 standards enable laboratories to perform testing or calibration with reliable results. Such standards are expected to improve the quality of work and offer better healthcare treatment, boosting market growth.

Medical Equipment Third Party Calibration Services Market Report Highlights:

  • In 2023, hospitals dominated the end use segment with 43.8% share, which can be attributed to the offering of integrated healthcare services under one roof. The rising usage of refurbished medical equipment and the need to calibrate the equipment contribute to the growth of third-party calibration services.
  • Clinical laboratories are expected to register the fastest CAGR over the forecast period as they extensively use third-party calibration services to maintain accuracy.
  • The electrical calibration services in the hospital segment held the largest market share, of 33.8%, in 2023. Temperature-based calibration services in the hospital segment are anticipated to grow significantly over the forecast period.
  • North America dominated the market in 2023 owing to increased demand for healthcare services and the number of third-party calibration service providers.
  • Some of the market players operating in the medical equipment third party calibration services include NorthLab (India) Pvt.Ltd, Al Borg Diagnostics, Allometrics Inc., NicolScales, The Calibration Company, ACS-Calibration, and Applus+, among others.
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Product Code: GVR-4-68040-463-0

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation and Scope
  • 1.2. Market Definitions
  • 1.3. Research Methodology
    • 1.3.1. Information Procurement
    • 1.3.2. Information or Data Analysis
    • 1.3.3. Market Formulation & Data Visualization
    • 1.3.4. Data Validation & Publishing
  • 1.4. Research Scope and Assumptions
    • 1.4.1. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
  • 2.3. Competitive Insights

Chapter 3. Medical Equipment Third Party Calibration Services Market Variables, Trends, & Scope

  • 3.1. Market Introduction/Lineage Outlook
  • 3.2. Market Size and Growth Prospects (USD Million)
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers Analysis
    • 3.3.2. Market Restraints Analysis
  • 3.4. Medical Equipment Third Party Calibration Services Market Analysis Tools
    • 3.4.1. Porter's Analysis
      • 3.4.1.1. Bargaining power of the suppliers
      • 3.4.1.2. Bargaining power of the buyers
      • 3.4.1.3. Threats of substitution
      • 3.4.1.4. Threats from new entrants
      • 3.4.1.5. Competitive rivalry
    • 3.4.2. PESTEL Analysis
      • 3.4.2.1. Political landscape
      • 3.4.2.2. Economic and Social landscape
      • 3.4.2.3. Technological landscape
      • 3.4.2.4. Environmental landscape
      • 3.4.2.5. Legal landscape

Chapter 4. Medical Equipment Third Party Calibration Services Market: End Use Estimates & Trend Analysis

  • 4.1. Segment Dashboard
  • 4.2. Medical Equipment Third Party Calibration Services Market: End Use Movement Analysis,2023 & 2030 (USD Million)
  • 4.3. Hospitals
    • 4.3.1. Hospitals Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.4. Clinical Laboratories
    • 4.4.1. Clinical Laboratories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.5. Others
    • 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Medical Equipment Third Party Calibration Services Market: Regional Estimates & Trend Analysis

  • 5.1. Medical Equipment Third Party Calibration Services Market Share, By Region, 2023 & 2030, (USD Million)
  • 5.2. North America
    • 5.2.1. North America Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.2.2. U.S.
      • 5.2.2.1. U.S. Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.2.3. Canada
      • 5.2.3.1. Canada Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.3. Europe
    • 5.3.1. Europe Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.2. UK
      • 5.3.2.1. UK Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.3. Germany
      • 5.3.3.1. Germany Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.4. France
      • 5.3.4.1. France Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.5. Italy
      • 5.3.5.1. Italy Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.6. Spain
      • 5.3.6.1. Spain Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.4. Asia Pacific
    • 5.4.1. Asia Pacific Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.2. Japan
      • 5.4.2.1. Japan Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.3. China
      • 5.4.3.1. China Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.4. India
      • 5.4.4.1. India Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.5. Thailand
      • 5.4.5.1. Thailand Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.5. Latin America
    • 5.5.1. Latin America Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.5.2. Brazil
      • 5.5.2.1. Brazil Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.5.3. Mexico
      • 5.5.3.1. Mexico Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.5.4. Argentina
      • 5.5.4.1. Argentina Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.5.5. Columbia
      • 5.5.5.1. Columbia Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.6. Middle East and Africa
    • 5.6.1. Middle East and Africa Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.6.2. Saudi Arabia
      • 5.6.2.1. Saudi Arabia Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.6.3. UAE
      • 5.6.3.1. UAE Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.6.4. South Africa
      • 5.6.4.1. South Africa Medical Equipment Third Party Calibration Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Competitive Landscape

  • 6.1. Recent Developments & Impact Analysis by Key Market Participants
  • 6.2. Company Categorization
  • 6.3. Company Heat Map Analysis
  • 6.4. Company Profiles
    • 6.4.1. NorthLab (India) Pvt.Ltd
      • 6.4.1.1. Participant's Overview
      • 6.4.1.2. Financial Performance
      • 6.4.1.3. Product Benchmarking
      • 6.4.1.4. Recent Developments/ Strategic Initiatives
    • 6.4.2. TUV SUD's calibration laboratory
      • 6.4.2.1. Participant's Overview
      • 6.4.2.2. Financial Performance
      • 6.4.2.3. Product Benchmarking
      • 6.4.2.4. Recent Developments/ Strategic Initiatives
    • 6.4.3. Al Borg Diagnostics
      • 6.4.3.1. Participant's Overview
      • 6.4.3.2. Financial Performance
      • 6.4.3.3. Product Benchmarking
      • 6.4.3.4. Recent Developments/ Strategic Initiatives
    • 6.4.4. Abdulminam Ibrahim Al Mohaisin Contracting
      • 6.4.4.1. Participant's Overview
      • 6.4.4.2. Financial Performance
      • 6.4.4.3. Product Benchmarking
      • 6.4.4.4. Recent Developments/ Strategic Initiatives
    • 6.4.5. Allometrics Inc.
      • 6.4.5.1. Participant's Overview
      • 6.4.5.2. Financial Performance
      • 6.4.5.3. Product Benchmarking
      • 6.4.5.4. Recent Developments/ Strategic Initiatives
    • 6.4.6. The Calibration Company
      • 6.4.6.1. Participant's Overview
      • 6.4.6.2. Financial Performance
      • 6.4.6.3. Product Benchmarking
      • 6.4.6.4. Recent Developments/ Strategic Initiatives
    • 6.4.7. Copper Mountain Technologies
      • 6.4.7.1. Participant's Overview
      • 6.4.7.2. Financial Performance
      • 6.4.7.3. Product Benchmarking
      • 6.4.7.4. Recent Developments/ Strategic Initiatives
    • 6.4.8. LotusWorks
      • 6.4.8.1. Participant's Overview
      • 6.4.8.2. Financial Performance
      • 6.4.8.3. Product Benchmarking
      • 6.4.8.4. Recent Developments/ Strategic Initiatives
    • 6.4.9. ACS-Calibration
      • 6.4.9.1. Participant's Overview
      • 6.4.9.2. Financial Performance
      • 6.4.9.3. Product Benchmarking
      • 6.4.9.4. Recent Developments/ Strategic Initiatives
    • 6.4.10. NicolScales
      • 6.4.10.1. Participant's Overview
      • 6.4.10.2. Financial Performance
      • 6.4.10.3. Product Benchmarking
      • 6.4.10.4. Recent Developments/ Strategic Initiatives
    • 6.4.11. Aries e-Solutions
      • 6.4.11.1. Participant's Overview
      • 6.4.11.2. Financial Performance
      • 6.4.11.3. Product Benchmarking
      • 6.4.11.4. Recent Developments/ Strategic Initiatives
    • 6.4.12. Applus+
      • 6.4.12.1. Participant's Overview
      • 6.4.12.2. Financial Performance
      • 6.4.12.3. Product Benchmarking
      • 6.4.12.4. Recent Developments/ Strategic Initiatives
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Product Code: GVR-4-68040-463-0

List of Tables

  • Table 1 List of abbreviations
  • Table 2 North America Medical equipment third party calibration services market, by country, 2018 - 2030 (USD Million)
  • Table 3 North America Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 4 U.S. Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 5 Canada Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 6 Europe Medical equipment third party calibration services market, by country, 2018 - 2030 (USD Million)
  • Table 7 Europe Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 8 UK Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 9 Germany Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 10 France Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 11 Italy Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 12 Spain Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 13 Asia Pacific Medical equipment third party calibration services market, by country, 2018 - 2030 (USD Million)
  • Table 14 Asia Pacific Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 15 Japan Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 16 China Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 17 India Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 18 Thailand Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 19 Singapore Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 20 Latin America Medical equipment third party calibration services market, by country, 2018 - 2030 (USD Million)
  • Table 21 Latin America Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 22 Brazil Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 23 Mexico Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 24 Argentina Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 25 Colombia Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 26 Middle East & Africa Medical equipment third party calibration services market, by country, 2018 - 2030 (USD Million)
  • Table 27 Middle East & Africa Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 28 South Africa Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 29 Saudi Arabia Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)
  • Table 30 UAE Medical equipment third party calibration services market, by end use, 2018 - 2030 (USD Million)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Primary interviews
  • Fig. 5 Market research approaches
  • Fig. 6 Value-chain-based sizing & forecasting
  • Fig. 7 QFD modeling for market share assessment
  • Fig. 8 Market formulation & validation
  • Fig. 9 Medical equipment third party calibration services market: Market outlook
  • Fig. 10 Competitive insights
  • Fig. 11 Parent market outlook
  • Fig. 12 Related/ancillary market outlook
  • Fig. 13 Penetration and growth prospect mapping
  • Fig. 14 Medical equipment third party calibration services market driver impact
  • Fig. 15 Medical equipment third party calibration services market restraint impact
  • Fig. 16 Medical equipment third party calibration services market: End Use movement analysis
  • Fig. 17 Medical equipment third party calibration services market: End use outlook and key takeaways
  • Fig. 18 Hospitals market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 19 Electrical market estimates and forecasts,2018 - 2030 (USD Million)
  • Fig. 20 Radio frequency (RF) market estimates and forecasts,2018 - 2030 (USD Million)
  • Fig. 21 Temperature market estimates and forecasts,2018 - 2030 (USD Million)
  • Fig. 22 Humidity market estimates and forecasts,2018 - 2030 (USD Million)
  • Fig. 23 Pressure market estimates and forecasts,2018 - 2030 (USD Million)
  • Fig. 24 Others market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 25 Medical equipment third party calibration services market: Regional movement analysis
  • Fig. 26 Medical equipment third party calibration services market: Regional outlook and key takeaways
  • Fig. 27 North America medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 28 U.S. medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 29 Canada medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 30 Europe medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 31 UK medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 32 Germany medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 33 France medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 34 Italy medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 35 Spain medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 36 Asia Pacific medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 37 Japan medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 38 China medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 39 India medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 40 Thailand medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 41 Singapore medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 42 Latin America medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 43 Brazil medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 44 Mexico medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 45 Argentina medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 46 Colombia medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 47 MEA medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 48 South Africa medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 49 Saudi Arabia medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 50 UAE medical equipment third party calibration services market estimates and forecasts, 2018 - 2030 (USD Million)
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