The Refurbished Medical Equipment Global Market Report 2023 by The Business Research Company, provides refurbished medical equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Refurbished Medical Equipment Global Market Report 2023, the market size is expected to grow from $11.69 billion in 2022 to $13.52 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global refurbished medical equipment is expected to grow to $23.35 billion in 2027 at a CAGR of 14.6%
The increase in the prevalence of cancer and cardiovascular diseases contributed to the growth of the refurbished medical equipment market
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The refurbished medical equipment market is segmented:
1) By Product: Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiology Equipment, Urology Equipment, Neurology Equipment, Intensive Care Equipment, Endoscopy Equipment, IV Therapy Systems, Other Products
2) By Application: Diagnostic, Therapeutic
3) By End User: Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers, Other End-users
Major companies are undertaking strategic alliances to maintain their strong foothold in the refurbished medical equipment market. For instance, in October 2020, Intalere Inc., a US-based company that provides solutions such as clinical, operational, and financial for healthcare organizations, announced a new agreement with Avante Health Solutions. By this agreement, the Intalere members can get negotiated prices on Avante Health solutions’ refurbished medical imaging equipment such as CT, MRI, ultrasound, and on-site repair services, and inventory of replacement parts. Intalere members can also access Avante Health Solutions’ library of technical support as well as clinical training videos. Avante Health Solutions is a US-based provider of surgical, diagnostic imaging, and radiation oncology equipment.
Top 5 Major Key Players Are:
GE Healthcare
Siemens Healthineers AG
Koninklijke Philips N.V
Integrity Medical Systems In
Soma Technology
Table Of Contents
1. Executive Summary
2. Refurbished Medical Equipment Market Characteristics
3. Refurbished Medical Equipment Market Trends And Strategies
4. Refurbished Medical Equipment Market – Macro Economic Scenario
5. Refurbished Medical Equipment Market Size And Growth
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26. Africa Refurbished Medical Equipment Market
27. Refurbished Medical Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Refurbished Medical Equipment Market
29. Refurbished Medical Equipment Market Future Outlook and Potential Analysis
30. Appendix
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