Rising Cancer And Cardiovascular Cases Drive Demand For Refurbished Medical Equipment: Transformative Forces Shaping the Refurbished Medical Equipment Market Landscape in 2025

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What Will the Refurbished Medical Equipment Industry Market Size Be by 2025?
The market size for refurbished medical equipment has been expanding at a swift pace in the previous few years. The growth is expected to rise from $15.66 billion in 2024, to an estimated $18.05 billion in 2025, accounting for a compound annual growth rate (CAGR) of 15.2%. Factors such as cost control in healare, increased requirement for cost-effective healare, lengthened equipment lifespan, sustainable practices, and availability of sophisticated technology at reduced costs have led to this growth during the historic period.

What's the Long-Term Growth Forecast for the Refurbished Medical Equipment Market Size Through 2029?
In the coming years, the market size for refurbished medical equipment is anticipated to experience a swift surge, expanding to $32.38 billion in 2029 with a 15.7% Compound Annual Growth Rate (CAGR). The expected growth during the forecast period can be linked to persistent expenses in healare, international health issues, and resource distribution, as well as the increasing interest in emerging markets, technological advancements, and product expiration. Significant trends in this period include sustainable environmental practices, a notable rise in the focus on refurbished surgical tools, a higher availability of warranty and service contracts, initiatives from governments endorsing refurbished procurement, and strides in refurbishment technology.

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What Are the Key Growth Drivers Fueling the Refurbished Medical Equipment Market Expansion?
The refurbished medical equipment market has been fuelled by the growing number of cancer and cardiovascular disease cases. As reported by the National Cancer Institute, a Federal government agency in the US, approximately 2,001,140 fresh cancer diagnoses are anticipated in the U.S. in May 2024, accompanied by an anticipated 611,720 cancer-related fatalities. Almost 20 million new cancer incidents and 9.7 million cancer-related deaths occurred globally in 2022. By 2040, it is projected that the yearly number of new cancer diagnoses will escalate to 29.9 million whilst cancer-related deaths will surge to 15.3 million. Consequently, the significant increase in both cancer and cardiovascular ailments predominantly contributed to the expansion of the refurbished medical equipment market.

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What Long-Term Trends Will Define the Future of the Refurbished Medical Equipment Market?
Prominent firms are forming strategic partnerships to solidify their robust presence in the refurbished medical equipment market. In October 2023, for example, AA Medical, a US-based provider of sustainable solutions, teamed up with MED-SELL.COM, a US-based provider of used medical devices. Their aim is to reshape the landscape of used medical device and equipment solutions, widening the range of offerings and addressing various healare requirements.

How Is the Refurbished Medical Equipment Market Segmented?
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

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Which Companies Are Leading the Charge in Refurbished Medical Equipment Market Innovation?
Major companies operating in the refurbished medical equipment market include Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, GE Healare 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 Healare Services Inc., Jaken Medical Inc., Bluestone Diagnostics Inc., Integrity Medical Systems Inc., FlexrayMedical ApS, Radio Oncology Systems Inc.

Which Regions Are Leading the Global Refurbished Medical Equipment Market in Revenue?
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.

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