Refurbished medical equipment is defined as a restored medical device rebuilt to a condition that’s like the new equipment. Refurbishment contains reconditioning, repair, installation of certain software/hardware updates without changing the intended use of the first device, and replacement of worn parts. Technology in terms of software, hardware etc is changing at a faster pace, which shortens the interval between the acquisition of superior systems and wiped out of preoccupied devices. In addition, the factors like an increasing number of personal hospitals which purchase refurbished devices due to budget constraints, unfavourable reimbursement scenarios for various medical treatments, and increasing initiatives taken by the leading medical device manufacturers to determine refurbished facilities in developed and developing countries have fuelled the demand for refurbished equipment. Nevertheless, reluctance to get refurbished medical devices due to the shortage of awareness about the advantages of those devices and lack of standardization of policies associated with the sale and use of refurbished medical devices hamper the market growth.
The global refurbished medical equipment market is expected to be around US$ 29 billion by 2028 at a CAGR of 11.5% from 2023 to 2028.
The global Refurbished Medical Equipment market is segregated on the basis of Product as Neurology Equipment, Neonatal Intensive-Care Equipment, Intensive Care Systems, Endoscopy Equipment, Intravenous Therapy Systems, Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiovascular & Cardiology Equipment, and Defibrillators.
The global Refurbished Medical Equipment market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Refurbished Medical Equipment market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
GE Healthcare, Philips Healthcare, Siemens Healthineers, Agito Medical A/S, Block Imaging International, Inc., DRE Medical, Inc., Radiology Oncology Systems, Inc, Soma Technology, Inc., Everx Pvt Ltd., Integrity Medical Systems, Inc, and others are among the major players in the global Refurbished Medical Equipment market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Refurbished Medical Equipment Market has been segmented as below:
Refurbished Medical Equipment Market, By Product
Refurbished Medical Equipment Market, By Region
Refurbished Medical Equipment Market, By Company
The report covers:
Report Scope:
The global Refurbished Medical Equipment market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Refurbished Medical Equipment market share. Major industry players with significant revenue share include GE Healthcare, Philips Healthcare, Siemens Healthineers, Agito Medical A/S, Block Imaging International, Inc., DRE Medical, Inc., Radiology Oncology Systems, Inc, Soma Technology, Inc., Everx Pvt Ltd., Integrity Medical Systems, Inc, and others.
Reasons to Buy this Report:
Some of the recent Developments in Refurbished Medical Equipment market are as follows:
GE Healthcare
Radiology Oncology Systems, Inc
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Below are our new reports:
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Refurbished Medical Equipment Market, By Product
5.1 Introduction
5.2 Operating Room Equipment & Surgical Equipment
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Patient Monitors
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Defibrillators
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Medical Imaging Equipment
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Cardiovascular & Cardiology Equipment X-ray Machines
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Neurology Equipment
5.7.1 Market Overview
5.7.2 Market Size and Forecast
5.8 Endoscopy Equipment
5.8.1 Market Overview
5.8.2 Market Size and Forecast
5.9 Intensive Care Units
5.9.1 Market Overview
5.9.2 Market Size and Forecast
5.10 Neonatal Intensive Care Units
5.10.1 Market Overview
5.10.2 Market Size and Forecast
5.11 IV Therapy Systems
5.11.1 Market Overview
5.11.2 Market Size and Forecast
6. Refurbished Medical Equipment Market, By Geography
6.1 Introduction
6.2 North America
6.2.1 North America Refurbished Medical Equipment, By Product
6.3 Europe
6.3.1 Europe Refurbished Medical Equipment, By Product
6.4 Asia-Pacific
6.4.1 Asia-Pacific Refurbished Medical Equipment, By Product
6.5 Rest of the World
6.5.1 Rest of the World Refurbished Medical Equipment, By Product
7. Competitive Insights
7.1 Key Insights
7.2 Company Market Share Analysis
7.3 Strategic Outlook
7.3.1 Mergers & Acquisitions
7.3.2 New Product Development
7.3.3 Portfolio/Production Capacity Expansions
7.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
7.3.5 Others
8. Company Profiles
(Overview, Key Financials, Recent Developments, Product and Service Offering)
8.1 GE Healthcare
8.2 Philips Healthcare
8.3 Siemens Healthineers
8.4 Agito Medical A/S
8.5 Block Imaging International, Inc.
8.6 DRE Medical, Inc.
8.7 Radiology Oncology Systems, Inc
8.8 Soma Technology, Inc.
8.9 Everx Pvt Ltd.
8.10 Integrity Medical Systems, Inc
8.11 General Electric Company
8.12 Siemens AG
The Refurbished Medical Equipment Market has been segmented as below:
Refurbished Medical Equipment Market, By Product
Refurbished Medical Equipment Market, By Region
Refurbished Medical Equipment Market, By Company
