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Global Refurbished Medical Equipment Market 2023 International Expansion, Latest Trends, Industry Size, Future Growth And Forecast To 2032 | Top Major Players Are GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Integrity Medical Systems
Refurbished Medical Equipment Market
As per the Refurbished Medical Equipment Market report by The Business Research Company, the increase in the prevalence of cancer and cardiovascular diseases contributed to the growth of the refurbished medical equipment market. For instance, according to GLOBOCAN 2020: New Global Cancer Data released by the International Agency for Research on Cancer (IARC), the global cancer burden had increased to 19.3 million cases and 10 million cancer deaths in 2020.
The global refurbished medical equipment market size grew 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 refurbished medical equipment market size is expected to grow to $23.35 billion in 2027 at a CAGR of 14.6%.
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Major competitors in the Refurbished Medical Equipment Market include GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Integrity Medical Systems Inc., Soma Technology, Radio Oncology Systems Inc., Everx Pvt. Ltd., Canon Medical Systems Corporation, Hilditch Group, Block Imaging International Inc., Master Medical Equipment, FlexrayMedical ApS, Rhombus Medical Equipment LLC, and US Medical Systems LLC
The Refurbished Medical Equipment Market is segmented -
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
By Application: Diagnostic, Therapeutic
By End User: Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers, Other End-users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Refurbished Medical Equipment Market.
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Refurbished medical equipment is equipment that is restored to their original condition without changing their original specifications. This equipment is reused several times. The main types of refurbished medical equipment are medical imaging equipment, operating room & surgical equipment, patient monitors, cardiology equipment, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, IV therapy systems, and others.
The Table Of Content For The Refurbished Medical Equipment Market Include:
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
……
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
The "Global Refurbished Medical Equipment Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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