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Refurbished Medical Equipment Size, Share, Trends Analysis, And Forecast To 2032
Refurbished Medical Equipment Market Analysis
The Business Research Company's Refurbished Medical Equipment Global Market Report 2023 identifies increase in the prevalence of cancer and cardiovascular diseases contributed as the major driver for the refurbished medical equipment market's growth in the forecast period. 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 are GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Integrity Medical Systems Inc., Soma Technology, Radio Oncology Systems Inc.
A key trend in the refurbished medical equipment market includes undertaking strategic alliances to maintain their strong foothold For instance, in October 2020, Intalere Inc., a US-based company that provides solutions such as clinical, operational, and financial for healthcare organizations, announced a new agreement with Avante Health Solutions. By this agreement, the Intalere members can get negotiated prices on Avante Health solutions' refurbished medical imaging equipment such as CT, MRI, ultrasound, and on-site repair services, and inventory of replacement parts. Intalere members can also access Avante Health Solutions' library of technical support as well as clinical training videos. Avante Health Solutions is a US-based provider of surgical, diagnostic imaging, and radiation oncology equipment.
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The refurbished medical equipment market is segmented -
1) 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
2) By Application: Diagnostic, Therapeutic
3) 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.
The Business Research Company's "Global Refurbished Medical Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Refurbished Medical Equipment Market
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
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