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Modelling is a way of constructing a virtual representation of software and hardware that involves a real-world device. We will discover the behaviour of the system if the software elements of this model are guided by mathematical relationships. For testing conditions that may be difficult to replicate with hardware prototypes alone, modelling and simulation are particularly useful, especially in the early phase of the design process when hardware might not be available. Model-based approach in MATLAB-Simulink can be useful for predictive maintenance of machines as it can reduce unplanned downtimes and maintenance costs when industrial equipment breaks. Through this bibliometric paper, we carefully investigated the previously done research with the help of a number of papers from the Scopus Database. An overall analysis of the papers has been carried out to identify the extent of research done in this domain and understand the nature of the research work carried out considering the evolution of various predictive maintenance strategies being developed in recent years.