Global Refurbished Medical Equipment Market to Reach $32.84 Billion by 2029, Growing at 15.9% CAGR

How Are the key drivers contributing to the expansion of the refurbished medical equipment market?
The refurbished medical equipment market's expansion is largely due to the growing prevalence of cancer and cardiovascular diseases. The National Cancer Institute, a US federal agency, stated in May 2024 that there is an expected 2,001,140 new cancer diagnoses in the U.S that year, with approximately 611,720 potential fatalities from the disease. The global figures for 2022 included around 20 million new cancer cases and 9.7 million associated deaths. By 2040, these numbers are projected to increase to 29.9 million new cases and 15.3 million deaths per year. Therefore, the upsurge in cancer and cardiovascular diseases contributed significantly to the surge in the refurbished medical equipment market.

Get Your Refurbished Medical Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/refurbished-medical-equipment-global-market-report

What growth opportunities are expected to drive the refurbished medical equipment market's CAGR through 2034?
In recent years, there has been a swift expansion in the size of the refurbished medical equipment market. The market is projected to surge from a value of $15.66 billion in 2024 to a whopping $18.18 billion in 2025, representing a compound annual growth rate (CAGR) of 16.1%. Factors contributing to this tremendous growth during the historic period include healthcare cost containment, an increased need for affordable healthcare solutions, prolonged equipment lifespan, environmentally sustainable practices, and the opportunity to leverage advanced technology cost-effectively.

Expectations for the refurbished medical equipment market point to substantial growth in the coming years, with its size predicted to reach $32.84 billion by 2029, increasing at a compound annual growth rate (CAGR) of 15.9%. The anticipated growth during the forecast period is linked to ongoing cost considerations in healthcare, worldwide health issues and the distribution of resources, a heightened emphasis on developing markets, advancements in technology and the outdated status of current equipment, and the increase in telehealth and remote care. The forecast period also highlights several prominent trends including environmentally sustainable and circular economic approaches, increased concentration on refurbished surgical gear, the growing accessibility of warranties and service contracts, government-led initiatives promoting the acquisition of refurbished items, and progress in refurbishment methodologies.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5151&type=smp

What are the emerging trends shaping the future of the refurbished medical equipment market?
Leading businesses are forming strategic partnerships to preserve their dominance in the refurbished medical equipment market. As an example, in October 2023, AA Medical, a US-based provider of sustainable solutions, teamed up with MED-SELL.COM, another US-based provider of pre-owned medical devices. The aim of this strategic partnership is to reconfigure the landscape of pre-owned medical devices and equipment by providing a broad array of solutions and addressing various healthcare needs.

Which growth-oriented segments of the refurbished medical equipment market are leading the industry's development?
The refurbished medical equipment market covered in this report 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

Subsegments:
1) By Medical Imaging Equipment: MRI Machines, CT Scanners, Ultrasound Machines
2) By Operating Room And Surgical Equipment: Surgical Tables, Surgical Lights, Anesthesia Machines
3) By Patient Monitors: Vital Signs Monitors, Multi-parameter Monitors, Telemetry Monitors
4) By Cardiology Equipment: ECG Machines, Defibrillators, Echocardiography Machines
5) By Urology Equipment: Urodynamics Equipment, Endoscopic Equipment, Lithotripters
6) By Neurology Equipment: EEG Machines, EMG Machines, Neurostimulators
7) By Intensive Care Equipment: Ventilators, Infusion Pumps, Patient Beds
8) By Endoscopy Equipment: Endoscopes, Video Endoscopy Systems, Sterilizers
9) By IV Therapy Systems: IV Pumps, IV Sets, Infusion Systems
10) By Other Products: Laboratory Equipment, Rehabilitation Equipment, Diagnostic Equipment

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5151

What regions are leading the charge in the refurbished medical equipment market?
North America was the largest region in the refurbished medical equipment market in 2024. Asia-Pacific is predicted to record the fastest growth over the forecast period. The regions covered in the refurbished medical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the refurbished medical equipment market?
Major companies operating in the refurbished medical equipment market include 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., Agito Medical AS, Avante Health Solutions, Master Medical Equipment, US Medical Systems LLC, Everx Pvt Ltd., Hilditch Group Ltd., Rosch Medical Systems Pvt Ltd., Block Imaging International Inc., Rhombus Medical Equipment LLC, Fair Medical Co Ltd., Future Health Concepts Inc., Altima Healthcare Services Inc., Jaken Medical Inc., Bluestone Diagnostics Inc., Integrity Medical Systems Inc., FlexrayMedical ApS, Radio Oncology Systems Inc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=5151&type=smp

What Is Covered In The Refurbished Medical Equipment Global Market Report?

•Market Size Forecast: Examine the refurbished medical equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the refurbished medical equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the refurbished medical equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the refurbished medical equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the refurbished medical equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the refurbished medical equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the refurbished medical equipment market.
•Competitive Landscape: Review strategic developments in the refurbished medical equipment market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.