Pre-Owned Medical Devices Market Expectations And Growth Trends Highlighted Until 2028

Precision Business Insights published a research report on "Pre-Owned Medical Devices Market: By Type (X-Ray, Mammography Machines, CT Machines, MRI Machines, Ultrasound Machines, Nuclear Imaging and Medicine Devices, and C-arm Devices, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centres, Community Healthcare, Diagnostic Laboratories, Others) - Global/Region/Country Forecast to 2028".

Pre-owned medical equipment is those that have previously been owned by a healthcare facility and are now available for sale or repurchase following refurbishment. In Europe, the use of pre-owned medical devices necessitates European certification and the CE mark.

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In the future years, the market for pre-owned medical devices is expected to increase at a rapid pace. The high cost of novel devices compared with the conventional ones has been blamed for these potential opportunities in the global industry. Furthermore, advantageous after-sales services are expected to fuel the global market's growth potential in the coming years. After the sales process of these refurbished pre-owned medical equipment, the important companies operating in the global market, such as stand-alone third-party refurbishers, refurbishers, and OEMs, provide attractive or customised after-sales services.

During the projected period, this aspect is expected to drive demand prospects in the global market. The healthcare institutions are essentially self-owned. These are the subjects to repurchase or sell after renovation in the latter stages. In a few countries throughout the world, certifications and marks are necessary for the usage of these devices. The high cost of c-arm devices, nuclear imaging along with medical gadgets, and CT machines is expected to fuel the market's expansion. In addition, the growing worry over e-waste has fueled the global market's growth potential in the next years. Different devices' production processes are likely to have some environmental impact. Such a medical device is required to dispose of used medical gadgets. Initiatives to prohibit the sale of used medical devices are projected to stifle the global market for used medical devices. On the basis of major health safety concerns, the Association of Indian Medical Device Manufacturers (AiMeD) has vehemently opposed allowing the import of any sort of pre-owned and refurbished medical equipment.

On the basis of type, the market is segregated into X-ray, Ultrasound Machines, CT Machines, Mammography Machines, Nuclear Imaging and Medicine Devices, MRI Machines, and C-arm Devices.

North America, the Middle East and Africa, Europe, Latin America, and Asia Pacific have all seen a rise in the pre-owned medical equipment market. North America is projected to have a dominant position in the worldwide market among these geographical locations. The region's well-established healthcare infrastructure is responsible for its market supremacy. Furthermore, the availability of cost-effective medical equipment and rising healthcare expenditure are both contributing to the regional market's potential opportunities over the projection period.

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Some of the major key players in the Pre-Owned Medical Devices Market are GE Healthcare (U.S.) Koninklijke Philips N.V. (Netherlands) Siemens AG (Germany) Block Imaging International, Inc., (U.S.) Soma Technology, Inc. (U.S.) DRE Medical, Inc. (U.S.) Agito Medical A/S (Denmark) Everx Pvt Ltd. (Australia) Integrity Medical Systems, Inc. (U.S.) Radiology Oncology Systems, Inc. (U.S.)

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