Calibration services play a significant role in measuring and rectifying the deviation in the performance of testing and measurement instruments. The global service market is anticipated to reach USD 9.17 billion by 2026, registering a CAGR of 6.91 percent over the period. Focus on preventive maintenance, strict government regulations, and increased quality consciousness among consumers are some of the major drivers identified for the growth of the calibration service market. Furthermore, increasing awareness regarding the protective and quality maintenance of instruments and machinery is bolstering the market growth.
Calibration services are most often used by companies for in-house standardization of equipment and by original equipment manufacturers to ensure product efficiency. Numerous 3rd party calibration providers have also emerged for outsourced services, which in turn is contributing to the market growth. Moreover, technological advancements such as improvements in the 3D printing technology and the availability of tissue-mimicking 3D phantoms are also some of the major factors fuelling the growth of this market.