Refurbished Medical Equipment Market

The growth of the global refurbished medical equipment market can be attributed to factors such as hospital budget cuts, a large inventory of used or old medical devises, rising demand for capital.

Refurbished medical equipment market. Refurbished medical equipment is defined as a restored medical device rebuilt to a condition that is comparable to the new equipment. Refurbishment includes reconditioning, repair, installation of certain software/hardware updates without changing the intended use of the original device, and replacement of worn parts. The growth of the global refurbished medical equipment market can be attributed to factors such as hospital budget cuts, a large inventory of used or old medical devises, rising demand for capital-intensive diagnostic imaging equipment, e-commerce platform enhancing the ease of purchase of refurbished medical equipment, growing preference for. The refurbished medical equipment market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2014 along with a forecast from 2017 to 2022 based on revenue (USD Billion). The Global Refurbished Medical Equipment Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017-2026 report has been prepared based on an in-depth market analysis with inputs.

The main Refurbished Medical Equipment manufacturers are GE, Siemens Healthcare, Philips Healthcare, Ultra Solutions and so on. GE is the biggest company in Refurbished Medical Equipment market. The "Refurbished Medical Equipment Market by Product (Medical Imaging, Intensive Care Equipment, OR Equipment, Patient Monitors), Application (Cardiology, Neurology, Urology, Oncology), End User. Refurbished Medical Equipment is fully tested, cleaned, calibrated, and upgraded with new parts and renovation of older or damaged equipment to bring it to a workable or better-looking condition. The growth of the global refurbished medical equipment market can be attributed to factors such as hospital budget cuts, a large inventory of used or old medical devises, rising demand for capital-intensive diagnostic imaging equipment, e-commerce platform enhancing the ease of purchase of refurbished medical equipment, growing preference for.

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. Presently, the refurbished market is approximately 20 per cent of the overall equipment sold and almost 30 per cent of the sales in the private sector. Name the major growth drivers in India’s refurbished medical equipment market? Lower cost of refurbished equipment and increasing occurrence of diseases are the major drivers for the growth of. The report "Refurbished Medical Equipment Market by Product (Medical Imaging, Intensive Care Equipment, OR Equipment, Patient Monitors), Application (Cardiology, Neurology, Urology, Oncology), End User (Hospitals, Diagnostic Imaging Centers)-Global Forecasts to 2025", is projected to reach USD 21.2 billion by 2025 from USD 12.1 billion in 2020, growing at a CAGR of 11.8% from 2020 to 2025. The global refurbished medical equipment market was valued US$ 6.3 Bn in 2017, and is expected to register a CAGR of over 9.7%. The report offers in-depth insights, revenue details, and other vital information regarding the global Refurbished Medical Equipment market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026.

According to latest research report, The global refurbished medical equipment market reached a value of US$ 7.6 Billion in 2019. The market further expects to reach a value of US$ 12.7 Billion by 2025, exhibiting a CAGR of around 9% during 2020-2025. Refurbished Medical Equipment Market: Overview. The global refurbished medical equipment market was valued at ~US$ 8 Bn in 2018 and is projected to expand at a high CAGR from 2019 to 2027.Rise in prevalence of various chronic conditions such as cardiology, respiratory & gastroenterology, neonatal condition, orthopedic, gynecology, and other conditions; stringent regulatory scenarios for. The global refurbished medical equipment market is projected to grow at a CAGR of 12.17% to reach US$18.347 billion by 2025 from US$9.211 billion in 2019. Declining annual budget of hospitals in U.S. and Canada on account of inflation and burgeoning geriatric population is making difficult for the healthcare sector to purchase expensive medical. The report on Refurbished Medical Equipment Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years.

The refurbished equipment allows buying of necessary devices at affordable prices, without compromising on quality; therefore healthcare facilities, including small and medium ones, purchase refurbished medical devices. Hence, the refurbished medical devices market is increasing at a high growth rate. As estimated in this report, the global refurbished medical equipment market stood at US$ 6.47 billion in 2016. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this refurbished medical equipment market is expected to reach US$ 13.11 billion by the end of the forecast period. Additionally, the lack of awareness about the benefits of refurbished equipment is also restraining the growth of the global refurbished medical devices market. Key Market Trends. Medical Imaging. According to 99Strategy, the Global Refurbished Medical Equipment Market is estimated to reach xxx million USD in 2020 and projected to grow at the CAGR of xx% during the 2021-2026. The report analyses the global Refurbished Medical Equipment market, the market size and growth, as well as the major market participants.

Refurbished Medical Equipment Market is Valued at USD 9.82 billion in 2019 and Expected to reach USD 23.91 billion by 2026 with the CAGR of 11.80% over the Forecast Period.