Refurbished Medical Equipment Market to Reach US$ 24 Billion by 2027: TMR Study

The global market for 𝐫𝐞𝐟𝐮𝐫𝐛𝐢𝐬𝐡𝐞𝐝 𝐦𝐞𝐝𝐢𝐜𝐚𝐥 𝐞𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 was valued at approximately US$ 8 billion in 2018 and is forecasted to witness substantial growth of CAGR ~13% to reach a value of ~US$ 24 Bn from 2019 to 2027, driven by factors such as the increasing prevalence of chronic conditions like cardiology, respiratory issues, neonatal conditions, and orthopedic ailments. Stringent regulatory frameworks governing refurbished medical equipment, coupled with favorable reimbursement policies and a surge in mergers and acquisitions, are anticipated to propel market expansion. Additionally, the presence of key players, particularly in developing nations, contributes to market growth prospects.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=858&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

Refurbished medical equipment refers to restored or repaired devices involving repairs, reconditioning, or software and hardware installation without altering the original device. This category encompasses medical imaging equipment, operating room gear, and patient monitoring devices such as MRI scanners, X-ray machines, and heart-lung machines. The escalating global disease burden and increasing patient admissions drive the demand for refurbished medical equipment, as the original equipment often incurs higher costs. Consequently, there's a growing need for cost-effective medical equipment in hospitals and specialty centers, fueling market growth.

Research indicates that the rising prevalence of chronic diseases worldwide is expected to drive demand for medical equipment, thereby boosting the market for refurbished medical devices. Cardiovascular diseases (CVD), for instance, account for a significant portion of deaths in Europe and the United States. With stringent regulations in place globally governing the refurbishment of medical equipment, manufacturers are compelled to adhere to high standards and procedures, ensuring the quality and safety of refurbished medical devices. This regulatory environment contributes to fostering confidence in the market and driving further growth.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Siemens Healthineers AG,GE Healthcare,Canon Medical Systems Corporation,Koninklijke Philips N.V,Atlantis Worldwide, LLC,Block Imaging International, Inc.,Shimadzu Corporation,Hitachi, Ltd.

𝐑𝐞𝐟𝐮𝐫𝐛𝐢𝐬𝐡𝐞𝐝 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Product

Medical Imaging Equipment
X-ray Systems
Ultrasound Systems
MRI Scanners
CT Scanner
Others
Operating Room Equipment
Heart-lung  Machines
Defibrillators
Anesthesia Machines
Electrosurgical Units
Others
Patient Monitoring Devices
Multi-parameter Monitors
Electrocardiography Devices (ECG)
Pulse Oximeters
Neonatal Monitors
Others

Application

Cardiology
Respiratory and Gastroenterology
Neonatal Care
Orthopedic
Others

End User

Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers:

Cost-effectiveness compared to new equipment
Technological advancements in refurbishment processes
Growing demand for healthcare services in emerging economies
Sustainable healthcare initiatives

Challenges:

Concerns regarding equipment reliability and safety standards
Regulatory complexities and compliance issues
Limited awareness among end-users in certain regions

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=858<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of advanced imaging technologies in refurbished medical imaging equipment
Increasing focus on eco-friendly refurbishment processes
Rise of online platforms facilitating the trade of refurbished medical equipment
Collaboration between OEMs and refurbishment service providers to enhance quality standards

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Analysis of regulatory frameworks impacting the refurbished medical equipment market
Assessment of emerging technologies shaping the refurbishment process
Evaluation of market entry strategies for new players and existing stakeholders
Identification of key market trends influencing consumer preferences and purchasing behavior

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐔𝐫𝐨𝐦𝐞𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/01/05/2584071/0/en/Urometer-Market-to-Reach-US-987-7-Mn-by-2032-TMR-Study.html

𝐌𝐨𝐛𝐢𝐥𝐞 𝐁𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/01/05/2584036/0/en/Mobile-Biometrics-Market-Estimated-to-Reach-Revenue-of-US-267-7-Billion-by-End-of-2031-Transparency-Market-Research-Inc.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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