Medical Equipment Third-Party Calibration Services Market Size, Share & Trends Analysis Report By End-User (Hospitals (Electrical, Radio Frequency (RF), Temperature, Humidity, Pressure, Others), Clinical Laboratories, Others), By Region, And By Segment Forecasts, 2024-2031

Report Id: 2842 Pages: 168 Last Updated: 10 February 2025 Format: PDF / PPT / Excel / Power BI
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The Medical Equipment Third-Party Calibration Services Market Size is valued at USD 604.3 million in 2023 and is predicted to reach USD 1166.5 million by the year 2031 at a 8.8% CAGR during the forecast period for 2024-2031.

medical equipment caliberation

Third-party calibration services for medical equipment involve independent professionals verifying and correcting medical devices to ensure accuracy and precision and implementing rules to guarantee patient safety and quality of treatment. Several factors are driving the market's expansion, including the growing spending on medical facilities and developments in healthcare technology. The market for medical equipment third-party calibration services is expected to increase due to the professional calibration services required for the ever-increasing complexity of medical equipment. Rising healthcare costs and worries concerning patient safety are other factors driving need. Healthcare facilities are also interested in outsourcing because of the cost savings it provides, and new opportunities are emerging as a result of investments in infrastructure and technological developments. The demand for accurate and dependable medical equipment calibration is also driving the market due to the increasing demand for precision medicine.

However, the market's expansion is hindered by the stringent regulatory standards of medical equipment third-party calibration services, and medical institutions with smaller budgets are not able to afford the more sophisticated medical equipment third-party calibration services. The need for third-party calibration services for medical equipment surged during the COVID-19 epidemic. Healthcare facilities made sure that vital equipment, including ventilators, was accurate. Services were momentarily delayed due to the crisis as a result of supply chain problems and restricted facility access. Furthermore, clinical laboratories are increasingly turning to professional third-party suppliers for calibration services in order to stay compliant and guarantee that their devices are performing at their best, all because of the strict regulations and ever-increasing healthcare standards.

Competitive Landscape

Some Major Key Players In The Medical Equipment Third-Party Calibration Services Market:

  • NorthLab Pvt. Ltd
  • TÜV SÜD's calibration laboratory
  • Al Borg Diagnostics
  • Abdulminam Ibrahim Al Mohaisin Contracting
  • Allometrics Inc.
  • The Calibration Company
  • Copper Mountain Technologies
  • LotusWorks
  • ACS-Calibration
  • NicolScales
  • Aries e-Solutions
  • Applus+
  • Other Market Players

Market Segmentation:

The medical equipment third-party calibration services market is segmented based on end-use.The end-user segment comprises hospitals, clinical laboratories, and others. The hospital segment includes Electrical, Radio Frequency (RF), Temperature, Humidity, Pressure, and Others

Based On The End-User, The Hospital Segment Accounts For A Major Contributor To The Medical Equipment Third-Party Calibration Services Market.

The hospital in the medical equipment third-party calibration services market is expected to hold a major global market share in 2023. Because of the rising need for accurate and dependable medical devices, strict rules, and more people using new technologies, hospitals outsource calibration services to ensure that a wide range of medical equipment is accurate, safe, and of the same high quality.

Clinical Laboratory Segments Are To Witness Rapid Growth.

The clinical laboratories segment is growing in the medical equipment third-party calibration services market because reliable diagnostic tools are essential for accurate testing. To keep their equipment accurate and performing at its best, laboratories outsource calibration services. This is driven by regulatory compliance, rising healthcare standards, and the adoption of innovative technology.

In The Region, The North American Medical Equipment Third-Party Calibration Services Market Holds A Significant Revenue Share.

The North American medical equipment third-party calibration services market is expected to note the highest market share in revenue shortly. It can be attributed to major industry players, the highly developed healthcare system, strict regulations, and extensive use of innovative medical equipment. In addition, Europe is likely to grow rapidly in the global medical equipment third-party calibration services market because healthcare spending is on the rise, more people are realizing the value of precise equipment, and the demand for cutting-edge medical technologies is also on the rise. Moreover, calibration services are in high demand due to factors such as healthcare infrastructure expansion and strict regulatory criteria.

Recent Developments:

  • In January 2024, India's IIT Madras unveiled a mobile facility for calibrating medical devices. This recently opened institution is working to reduce transit times and costs associated with calibration in an effort to provide scalable, inexpensive, and high-quality healthcare.

Medical Equipment Third-Party Calibration Services Market Report Scope

Report Attribute Specifications
Market Size Value In 2023 USD 604.3 Mn
Revenue Forecast In 2031 USD 1,166.5 Mn
Growth Rate CAGR CAGR of 8.8% from 2024 to 2031
Quantitative Units Representation of revenue in US$ Mn and CAGR from 2024 to 2031
Historic Year 2019 to 2023
Forecast Year 2024-2031
Report Coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered By End-User
Regional Scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea
Competitive Landscape NorthLab Pvt.Ltd, TÜV SÜD’s calibration laboratory, Al Borg Diagnostics, Abdulminam Ibrahim Al Mohaisin Contracting, Allometrics Inc., The Calibration Company, Copper Mountain Technologies, LotusWorks, ACS-Calibration, NicolScales, Aries e-Solutions, and Applus+
Customization Scope Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.
Pricing And Available Payment Methods Explore pricing alternatives that are customized to your particular study requirements.

Segmentation of Medical Equipment Third-Party Calibration Services Market-

Medical Equipment Third-Party Calibration Services Market By End-Use-

  • Hospitals
    • Electrical
    • Radio Frequency (RF)
    • Temperature
    • Humidity
    • Pressure
    • Others
  • Clinical Laboratories
  • Others

medical equipment caliberation

Medical Equipment Third-Party Calibration Services Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

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Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

The Medical Equipment Third-Party Calibration Services Market Size is valued at USD 604.3 million in 2023 and is predicted to reach USD 1166.5 million

The Medical Equipment Third-Party Calibration Services Market is expected to grow at a 8.8% CAGR during the forecast period for 2024-2031.

NorthLab Pvt.Ltd, TÜV SÜD’s calibration laboratory, Al Borg Diagnostics, Abdulminam Ibrahim Al Mohaisin Contracting, Allometrics Inc., The Calibration
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