Refurbished Medical Equipment Market: A Study of the Industry's Current Status and Future Outlook

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Refurbished Medical Equipment Market Size Worth
USD 45.81 Billion in 2032
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Hospital budget cuts is a significant factor
driving global refurbished medical equipment
market revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global Refurbished Medical Equipment
Market size is expected to reach USD 45.81
Billion in 2032 and register a steady revenue
CAGR of 11.8 during the forecast period,
according to latest analysis by Emergen Research.
Increasing preference for eco-friendly products
is a major factor driving market revenue growth
of. Benefits of used medical imaging equipment
for environment must be emphasized. The circular
economy is supported by refurbishment, a sort of
reuse and waste reduction that raises useful
lifespan of medical imaging equipment from 5-7 to
10-14 years or even longer. Resources and energy
required to produce new equipment are saved by
refurbishment. It is critical from an
environmental standpoint to maximize service life
of imaging scanners due to energy and materials
used throughout the production, safety testing,
and regulatory compliance processes. For
instance, improving Magnetic Resonance Imaging
(MRI) scanners and extending their service life
maximizes the return on initial investment of
energy and materials. Market revenue growth is
expected to be restrained by drawbacks related to
individual perceptions of refurbished medical
equipment. Refurbished devices put patients at
risk in terms of calibration and reduction. The
patient does not benefit from decreased prices
connected with old products, re-calibration of
these things is not clear, and there are no
support services. Reconditioned goods with
dubious brands that were released onto the
market by dealers as opposed to makers may begin
to circulate. In addition, it is up to the
governments to strike a balance and provide a
safe route that would be in patients best
interests. Some countries do not have strict laws
or regulations restricting the import of
machinery. Read More https//www.emergenresearc
h.com/industry-report/refurbished-medical-equipmen
t-market
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Market Summary
Some Key Highlights From the Report On 9 January
2023, IMACTIS, a pioneer in quickly expanding
field of Computed Tomography (CT) interventional
guidance across various care areas, was acquired
by GE HealthCare. The stereotactic needle
guidance system CT-Navigation, developed by
Stephane Lavallee and Lionel Carrat of
France-based business IMACTIS, allows for
intuitive pre-planning and continuous control
throughout a variety of treatments, from
diagnostic to therapy. IMACTIS CT-Navigation
system is intended to enhance workflow for
interventional radiologists and hospitals by
improving procedural accuracy and assisting in
reducing treatment time and radiation exposure
for patients and medical professionals. It is a
cutting-edge navigation system for image-guided
percutaneous operations with the goal of
improving patient outcomes, by reducing
variability for simple and complex procedures and
improving reproducibility. The medical imaging
equipment segment is expected to account for
largest revenue share in the global market over
the forecast period. One benefit of buying used
medical imaging equipment is that it is typically
half as expensive as brand-new equipment. In
addition, another benefit is that some vendors
provide fully installed equipment with a one-year
maintenance agreement. Reimbursement rates
through Centers for Medicare Medicaid Services
(CMS) are the same whether anything is purchased
new or old. 80 of the time, third-party parts
suppliers can offer refurbished components for
half the price of new and finance companies are
prepared to pay for both refurbished equipment
and related soft expenses. Request Free Sample
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748
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Market Summary
For the purpose of this report, Emergen Research
has segmented the global refurbished medical
equipment market based on product, application,
end-use, and region Product Outlook (Revenue,
USD Billion 20192032) Medical Imaging
Equipment Operating Room Surgical
Equipment Patient Monitors Cardiology
Equipment Urology Equipment Neurology
Equipment Intensive Care Equipment Intravenous
Therapy Systems Endoscopy Equipment Other Medical
Equipment Application Outlook (Revenue, USD
Billion 20192032) Diagnostic Applications Therap
eutic Applications Request customization of the
report _at_ https//www.emergenresearch.com/request-f
or-customization/1748
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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