Medical & Surgical Equipment Repair: Market Size & Forecast 2026

The global medical & surgical equipment repair market reached USD 53.0 billion in 2025, growing at a CAGR of 8.5% through 2032 to reach an estimated USD 94.0 billion. This growth trajectory is driven by aging medical equipment, rising healthcare costs favoring repair over replacement, and increasing regulatory requirements for equipment maintenance. The market operates in a structurally balanced state with OEMs controlling approximately 60% of service revenue through proprietary parts and software locks. > **Analyst Take.** Our view: the 8.5% CAGR projection is structurally sound but masks critical segment divergents. Diagnostic imaging equipment repair will grow at 10-12% annually driven by MRI/CT expansion, while basic surgical instrument repair will grow at only 4-5%. Buyers should allocate 70% of their service budget to high-growth segments with readily available independent alternat

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