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Global Refurbished Medical Equipment Market Report 2025: Escalating Market Size, 16.1% CAGR, Key Market Drivers and Trends
Refurbished Medical Equipment Market Share
Soaring Demand and Sustainability Driving the Refurbished Medical Equipment Market: Anticipated Growth from $15.66 Billion in 2024 to $18.18 Billion in 2025.
What Is The Projected Market Size Of The Global Refurbished Medical Equipment Market And Its Growth Rate?
• Current Market Size: $15.66 billion in 2024
• Projected Market Size: $18.18 billion in 2025
• CAGR: 16.1% from 2024 to 2025
• Estimated Market Size in 2029: $32.84 billion with a CAGR of 15.9%
Factors such as cost containment in healthcare, rising demand for affordable healthcare, extended equipment lifecycle, and access to advanced technology at lower costs have contributed to the historic period growth.
What Is Driving The Growth In The Refurbished Medical Equipment Global Market Report 2025?
The escalating prevalence of cancer and cardiovascular diseases is significantly contributing to the refurbished medical equipment market growth. According to the National Cancer Institute, in 2024, there will be an estimated 2,001,140 new cancer cases diagnosed in the U.S., with expected 611,720 deaths resulting from the disease. The rising prevalence of these diseases has led to a surge in demand for refurbished medical equipment, thus propelling the market's growth.
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Who Are the Key Players Driving Refurbished Medical Equipment Market Growth?
• Siemens Healthineers AG
• Koninklijke Philips N.V.
• Stryker Corporation
• GE HealthCare Technologies Inc.
• Canon Medical Systems Corporation
• Toshiba Medical Systems Corp
• First Source Inc.
• US Med-Equip Inc.
• BC Technical Inc.
• Soma Technology Inc.
• DMS Topline Medical Inc.
What Are The Key Trends In The Refurbished Medical Equipment Market?
• Environmental sustainability and circular economy practices
• Rising focus on refurbished surgical equipment
• Increased availability of warranty and service contracts
• Government initiatives supporting refurbished procurement
• Advancements in refurbishment technologies
What Are The Segments Of The Global Refurbished Medical Equipment Market?
• 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
Which Region Leads The Refurbished Medical Equipment Market?
North America was the largest region in the refurbished medical equipment market in 2024. Asia-Pacific is expected to register the fastest growth over the forecast period. The market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Refurbished Medical Equipment Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Refurbished Medical Equipment Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Refurbished Medical Equipment Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Refurbished Medical Equipment Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Refurbished Medical Equipment Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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