Rapid Increase in End-use Adoption to Boost Refurbished Medical Equipment Market Revenue Growth | Outlook 2023

The purchase of refurbished medical equipment has become an attractive option in most hospitals and diagnostic centres. Most diagnostic, therapeutic and patient monitoring medical devices such as AEDs, defibrillators, ECGs, vital sign monitors, pulse oximeters, spirometers, ventilators, IV pumps and respiratory devices can be purchased as refurbished devices on the first day of the year. cut down the money.

The global market for regenerative equipment is expected to grow significantly over the forecast period as demand for low-cost medical devices increases due to population-based patient populations suffering from chronic diseases such as cancer and cardiovascular disease worldwide and budget constraints in developing countries Is expected.

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In addition, due to budget constraints, an increase in private hospitals purchasing refurbished devices, undesirable reimbursement scenarios for various medical treatments, and increased efforts by leading medical device manufacturers to establish refurbishment facilities in developed and developing countries There is. This has spurred demand for refurbished equipment.

However, there is a lack of awareness of the benefits of these devices and the lack of standardization of policies related to the sale and use of refurbished medical devices is hampering the growth of the market due to the reluctance to purchase refurbished medical devices.

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Key Players:

• Agito Medical A/S
• Block Imaging
• DRE Medical Inc.
• Everx Pvt Ltd.
• General Electric Company
• Integrity Medical Systems
• Koninklijke Philips N.V.

Key Benefits of Refurbished Medical Equipment Market:

• This report provides a vast analysis of current and emerging market trends and dynamics in the worldwide refurbished medical device market.

• A comprehensive analysis of geographic regions is provided to determine firm opportunities in global markets.

• This study provides a competitive environment for predicting the competitive environment in global markets.

• This report identifies the prevailing opportunities through detailed quantitative analysis of the current market and estimates from 2014 to 2022.

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