The global Refurbished Medical Equipment market garnered revenue around USD 8.1 Billion in 2019 and projected to reach USD 24.1 Billion in 2027, with at a compound annual growth rate (CAGR) 7.6% throughout the estimate period from 2020 to 2027. and is projected to expand at a high CAGR during the forecast period. Refurbished medical equipment are the devices used after rebuilding, repairing, and installed without changing the original content of the equipment. The refurbished equipment are in growing demand, owing to their cost effectiveness and budget constraints in various hospitals, clinics, and diagnostic centers. Several OEM manufacturers are properly restoring the devices as per original safety & effectiveness by the original equipment manufacturer (OEM). Medical imaging equipment, operating room equipment, patient monitoring devices, and other medical equipment are summarized as refurbished medical equipment. The global refurbished medical equipment market is driven by rise in prevalence of chronic diseases, increase in surgeries across the globe, and favorable guidelines for adoption of refurbished medical equipment. Refurbished medical imaging equipment and parts are available at 41% to 61% of the prices of new devices. Moreover, suppliers assure timely delivery and services, which make refurbished medical equipment a preferred choice among hospitals, diagnostic imaging centers, and private practitioners.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Refurbished Medical Equipment market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Refurbished Medical Equipment market growth.
The global Refurbished Medical Equipment market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
Siemens Healthineers AG, GE Healthcare, Canon Medical Systems Corporation, Koninklijke Philips N.V, Atlantis Worldwide, LLC, Block Imaging International, Inc., Shimadzu Corporation, and Hitachi, Ltd.
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
- Refurbished Medical Equipment Market, by Product
- Medical Imaging Equipment
- X-ray Systems
- Ultrasound Systems
- MRI Scanners
- CT Scanner
- Others
- Operating Room Equipment
- Heart-lung Machines
- Defibrillators
- Anesthesia Machines
- Electrosurgical Units
- Others
- Patient Monitoring Devices
- Multi-parameter Monitors
- Electrocardiography Devices (ECG)
- Pulse Oximeters
- Neonatal Monitors
- Others
- Others
- Refurbished Medical Equipment Market, by Application
- Cardiology
- Respiratory and Gastroenterology
- Neonatal Care
- Orthopedic
- Others
- Refurbished Medical Equipment Market, by End User
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- Others
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Rest of EU
- Asia Pacific
- China
- India
- Japan
- Southeast Asia
- Rest of APAC
- Central & South America
- Brazil
- Argentina
- Rest of Central & South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Rest of MEA
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