Global Equipment Maintenance Markets Projected to Reach $101.5 Billion by 2030

The medical equipment maintenance market is forecast to expand from $60.68 billion in 2025 to $101.52 billion by 2030, a compound annual growth rate of 10.8%. Growth is driven by rising healthcare investments, expanding hospital infrastructure, increasing chronic disease prevalence, and stricter regulatory standards that push providers to ensure equipment reliability, patient safety, and minimal downtime.

In the heavy‑equipment sector, the maintenance landscape is shifting toward predictive diagnostics, remote monitoring and custom engineering solutions. Engineers such as Taras Veherinskyi are helping operators across several countries extend machine lifespans, reduce unplanned stoppages and add new capabilities through hydraulic and electronic upgrades. The adoption of telematics and proactive service strategies is reshaping how construction and mining fleets are managed, balancing cost, reliability and operational efficiency.