The global refurbished medical equipment market size is expected to reach USD 45.81 Billion in 2032 and register a steady revenue CAGR of 11.8% during the forecast period, according to latest analysis by Emergen Research. Increasing preference for eco-friendly products is a major factor driving market revenue growth of. Benefits of used medical imaging equipment for environment must be emphasized. The circular economy is supported by refurbishment, a sort of reuse and waste reduction that raises useful lifespan of medical imaging equipment from 5-7 to 10-14 years or even longer. Resources and energy required to produce new equipment are saved by refurbishment. It is critical from an environmental standpoint to maximize service life of imaging scanners due to energy and materials used throughout the production, safety testing, and regulatory compliance processes. For instance, improving Magnetic Resonance Imaging (MRI) scanners and extending their service life maximizes the return on initial investment of energy and materials.
The research methodologies used for evaluating the Refurbished Medical Equipment market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility. The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Competitive Terrain:
The global Refurbished Medical Equipment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Block Imaging, Inc., Soma Tech INTL, Avante Health Solutions, Hilditch Group, EverX Pty. Ltd., Integrity Medical Systems, Inc., and Radiology Oncology Systems
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Refurbished Medical Equipment market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Refurbished Medical Equipment market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Refurbished Medical Equipment market.
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Market Segmentations of the Refurbished Medical Equipment Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Refurbished Medical Equipment market on the basis of product, application, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019–2032)
- Medical Imaging Equipment
- Computerized Tomography (CT) Scanners
- Magnetic Resonance Imaging (MRI) Machines
- X-Ray Machines
- Nuclear Imaging Systems
- Ultrasound Systems
- Other Medical Imaging Equipment
- Operating Room & Surgical Equipment
- Anesthesia Machines
- Electrosurgical Units
- Operating Room Tables & Lights
- Surgical Displays
- Other Operating Room & Surgical Equipment
- Patient Monitors
- Multi-Parameter Monitors
- Fetal Monitors
- Electrocardiography Devices
- Pulse Oximeters
- Mobile Cardiac Telemetry Devices
- Non-Invasive Blood Pressure Monitors
- Other Patient Monitors
- Cardiology Equipment
- Defibrillators
- Heart-Lung Machines
- Other Cardiology Equipment
- Urology Equipment
- Dialysis Machines
- Lithotripsy Devices
- Neurology Equipment
- Electromyograph Machines (EMG) Machines
- Electroencephalography (EEG) Machines
- Intensive Care Equipment
- Ventilators
- Infant Incubators & Warmers
- Intravenous Therapy Systems
- Endoscopy Equipment
- Other Medical Equipment
- Medical Imaging Equipment
Application Outlook (Revenue, USD Billion; 2019–2032)
- Diagnostic Applications
- Cardiology
- Urology
- Neurology
- Orthopedics
- Physiology
- Emergency Medicine
- Oncology
- Obstetrics/Gynecology
- Other Diagnostic Applications
- Therapeutic Applications
- Cardiology
- Urology
- Neurology
- Orthopedics
- Physiology
- Emergency Medicine
- Oncology
- Obstetrics/Gynecology
- Other Therapeutic Applications
- Diagnostic Applications
End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Hospitals
- Diagnostic Imaging Centers
- Ambulatory Care Centers
- Other End-Use
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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