Refurbished Medical Equipment Market to Reap Excessive Revenues by 2028 | GE Healthcare,Philips Healthcare,Siemens Healthineers.

The premium market research firm Coherent Market Insights has published a new market study titled "Refurbished Medical Equipment Market" Share, Size, Trends, Industry Analysis Report 2022 - 2028." The report offers new perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace.

Refurbished medical equipment is defined as a restored medical device rebuilt to a condition that is comparable to the new equipment. Refurbishment includes reconditioning, repair, installation of certain software/hardware updates without changing the intended use of the original device, and replacement of worn parts. Technology in terms of software, hardware and others is changing at a faster pace, which shortens the interval between the purchase of superior systems and worn out of preoccupied devices. Factors driving growth of refurbished medical equipment market are increasing involvement of key manufacturers in refurbishment of their equipment and increasing demand of cost effective systems by small scale private hospitals and clinics. For example, high cost of huge and technologically complex equipment such as MRI systems and CT scanners is a restraining factor for small scale private hospitals and clinics, which leads to high demand for refurbished medical equipment and in turn propelling the market growth.

What's New for 2022?

Global competitiveness and key competitor market share percentages
Strong/Active/Niche/Trivial market presence across multiple geographies
Online interactive peer-to-peer collaborative bespoke updates
Edition: 2022

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Refurbished Medical Equipment Market DriverS

Increasing focus of original equipment manufacturers in refurbishment of medical device is expected to propel growth of the refurbished medical equipment market. For instance, companies such as GE Healthcare, Siemens, and Philips have now started focusing on refurbishment of large scanning machines such as angiography, radiology based equipment, magnetic resonance, X-ray systems, and other molecular imaging devices and are offering it at around 30% less cost of the new systems. Original equipment manufacturer-based refurbishment is more trusted by the end users. Moreover, adoption of effective remanufacturing standards is expected to enhance adoption of refurbished medical devices. For instance, Siemens remanufacturing process adheres to EN ISO 13485: 2003, which ensures quality management systems are used by medical device manufacturers and ISO 14001: 1996, which is an international standard for an effective environmental management system.

Increasing demand for medical devices at low cost is expected to aid in growth of the refurbished medical device market during the forecast period. Demand for refurbished medical device is higher in low income countries, due to low disposable income in the regions. High cost of large and technological advanced equipment is also estimated to have a major impact on growth of refurbished equipment market. Refurbished medical equipment are available at 30 to 50% lower price as compared to new equipment. Moreover, e-commerce platforms are expected to provide easy selling and purchasing options for refurbished medical equipment.

Objectives of the Report:

To carefully analyze and forecast the size of Refurbished Medical Equipment Market by value and volume.
To estimate the market shares of major industry segments.
To highlight the development of the Refurbished Medical Equipment Market in different parts of the world.
To analyze and study micro-markets in terms of their contributions, prospects, and individual growth trends.
To offer precise and useful details about factors affecting revenue growth over the forecast period.
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Refurbished Medical Equipment Market which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Companies: GE Healthcare, Philips Healthcare (part of Koninklijke Philips N.V.), Siemens Healthineers, Soma Technology, Inc., Block Imaging International, Inc., and Agito Medical A/S.

SWOT Analysis of Global Refurbished Medical Equipment Market.
In addition to company market share analysis, an in-depth profile, product/service and business overview, and revenue analysis, the study focuses on revenue analysis and SWOT analysis to better correlate market competitiveness.

Information source and Research Methodology:

Our researchers compiled the study using primary (surveys and interviews) and secondary data collection methods (industry body databases, reliable paid sources, and trade magazines). The report includes a comprehensive qualitative and quantitative analysis. The research looks at growth trends, micro- and macroeconomic indicators, as well as legislation and government policies.

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Purchasing the Refurbished Medical Equipment Market for the Following Reasons:

⮞The study examines emerging market trends as well as the likelihood that various trends will impact expansion.
⮞The analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global Refurbished Medical Equipment Market industry.
⮞Technological tools and benchmarks that reflect the industry's projected growth of the Refurbished Medical Equipment Market industry.
⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.

What are the goals of the report?

⮞The predicted market size for the Refurbished Medical Equipment Market Industry at the conclusion of the forecast period is shown in this market report.
⮞The paper also analyses market sizes in the past and present.
⮞The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
⮞The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
⮞The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa,as well as future growth opportunities.
⮞The study examines the future period's growth rate, market size, and market worth.

Some of the Key Questions Answered in this Report:

• What will be the market size and the growth rate by the end of the forecast period?
• What are the key Refurbished Medical Equipment Market trends impacting the growth of the market?
• What are the potential growth opportunities and threats faced by the leading competitors in the market?
• What are the key outcomes of Porter's five forces analysis and the SWOT analysis of the key players functioning in the global Refurbished Medical Equipment Market ?
• This report gives all the information regarding industry Overview, analysis and revenue of this market.
• What are the market opportunities and threats faced by the vendors in the global Refurbished Medical Equipment Market?

Detailed Segmentation:

Global refurbished medical equipment market is segmented on the basis of product type:

Operating Room Equipment & Surgical Equipment
Patient Monitors

Defibrillators
Medical Imaging Equipment
Cardiovascular & Cardiology Equipment
Neurology Equipment
Endoscopy Equipment
Intensive Care Unit Equipment
Neonatal Intensive Care Units Equipment
IV Therapy Systems
Other Equipment

Global refurbished medical equipment market is segmented on the basis of end user

Hospitals
Diagnostic Centers
Clinics
Ambulatory surgical centers
Others

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Refurbished Medical Equipment Market Industry Impact

Chapter 2 Refurbished Medical Equipment Market Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Refurbished Medical Equipment Market Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Industry Market Analysis
Chapter 6 East Asia Refurbished Medical Equipment Market Analysis
Chapter 7 Europe Industry Market Analysis
Chapter 8 South Asia Refurbished Medical Equipment Market Analysis
Chapter 9 Southeast Asia Market Analysis
Chapter 10 Middle East Refurbished Medical Equipment Market Analysis
Chapter 11 Africa Market Analysis
Chapter 12 Oceania Market Analysis
Chapter 13 South America Refurbished Medical Equipment Market Market Analysis
Chapter 14 Company Profiles and Key Figures in Refurbished Medical Equipment Market Business
Chapter 15 Refurbished Medical Equipment Market Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
Continued....

Finally, the report focuses on the key growth and limiting factors that affect market growth and development in either a positive or negative way. The report also specifies the impact of the administration's regulations and policies on current growth and upcoming opportunities that may lead to market development escalation. The Refurbished Medical Equipment Market report provides a more comprehensive view of the global market, allowing clients to manage their businesses more precisely and with greater growth and expansion than their competitors.

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