Refurbished Medical Devices Market Research Study, Future Prospects and Growth Drivers to 2027 | Top Key Vendors - GE Healthcare, Siemens Healthcare, Philips Healthcare

The global Refurbished Medical Devices market was valued at 1128.45 Million USD in 2020 and will grow with a CAGR of 10.07% from 2021 to 2027. Hospital budget cuts, a large inventory of used or old medical devices, rising demand for capital-intensive diagnostic imaging equipment, an e-commerce platform enhancing the ease of purchase of refurbished medical equipment, growing preference for eco-friendly products, an increasing number of diagnostic centres & hospitals, and growing opportunities in emerging economies are all contributing to the global refurbished medical equipment market's growth.

During the projected period, the Asia Pacific market is expected to develop at the fastest CAGR. The enormous patient pool in the region, increasing privatisation in the healthcare sector, a large patient population base, and a high demand for refurbished medical equipment by low-budget hospitals and clinics can all be ascribed to this.

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Top Key Players Included in Refurbished Medical Devices Market Report: GE Healthcare, Siemens Healthcare, Philips Healthcare, Ultra Solutions, Soma Technology, Johnson & Johnson, Agito Medical, Block Imaging, Whittemore Enterprises, Radiology Oncology Systems, Integrity Medical Systems, TRACO, DMS Topline, First Source, Soma Technology

Considering regional analysis, the market is partitioned across North America, Europe, Asia-Pacific and LAMEA regions. In 2015, Europe was the principal geography to the extent of pay age followed by North America. Further, Europe would continue to keep up with its lead position through 2020 owing to steady assistance from European government and private affiliations, establishment of minimal new organizations and adventures by driving associations especially in the section. Asia Pacific is projected as the speediest creating business area owing to the extending number of assessment substances.

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Refurbished Medical Devices Market segment by Type:
Refurbished Radiation Oncology Systems
Refurbished Minimally Invasive Devices
Refurbished Biotechnology Instruments
Refurbished Diagnostic Imaging Devices

Refurbished Medical Devices Market segment by Application:
Hospitals
Clinics

Pre- and post-COVID-19 Global Refurbished Medical Devices Market Development Strategy, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries The global economy has been squeezed, along with the manufacturing sector, production, disruption, and financial markets. The research discovered a change in market paradigms in terms of regional competitive advantage, and hence the competitive landscape of significant firms.

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