Refurbished Medical Equipment is fully tested, cleaned, calibrated and upgraded with new parts and renovation of older or damaged equipment to bring it to a workable or better-looking condition and is free of defects. The remanufacturing of medical devices is a growing phenomenon within the health-care industry. The types of devices that are currently refurbished range from machines such as neonatal monitors and anesthesia vaporizers to devices used in surgery, such as forceps, endoscopes, and cytoscopes
This report aims to provide a comprehensive presentation of the global market for Used and Refurbished Medical Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Used and Refurbished Medical Equipment. This report contains market size and forecasts of Used and Refurbished Medical Equipment in global, including the following market information:
- Global Used and Refurbished Medical Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Used and Refurbished Medical Equipment market was valued at US$ 8717 million in 2022 and is projected to reach US$ 14980 million by 2029, at a CAGR of 8.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In the last several years, global market of Used and Refurbished Medical Equipment developed rapidly, with an average growth rate of 8% during 2015 to 2019. Emerging markets including India offer high growth potential for companies engaged in the development and distribution of refurbished medical devices. North America is the largest consumption place, with a consumption market share nearly 48.3% in 2019. Market competition is intense.
We surveyed the Used and Refurbished Medical Equipment companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Used and Refurbished Medical Equipment Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Used and Refurbished Medical Equipment Market Segment Percentages, by Type, 2022 (%)
- Medical Imaging Equipment
- Operating Room and Surgical Equipment
- Patient Monitors
- Cardiovascular & Cardiology Equipment
- Neurology Equipment
- Other Equipment
Global Used and Refurbished Medical Equipment Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Used and Refurbished Medical Equipment Market Segment Percentages, by Application, 2022 (%)
- Hospitals & Clinic
- Nursing Homes
- Other
Global Used and Refurbished Medical Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Used and Refurbished Medical Equipment Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Used and Refurbished Medical Equipment revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Used and Refurbished Medical Equipment revenues share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- GE Healthcare
- Philips Healthcare
- Siemens Healthineers
- Hitachi
- Canon Medical
- Block Imaging International
- Avante Medical Surgical
- Soma Technology
- Integrity Medical Systems
- Everx Pvt Ltd
- Radiology Oncology Systems
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Used and Refurbished Medical Equipment, market overview.
- Chapter 2: Global Used and Refurbished Medical Equipment market size in revenue.
- Chapter 3: Detailed analysis of Used and Refurbished Medical Equipment company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Used and Refurbished Medical Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
