Global Refurbished Medical Devices Market Size, Trends & Growth Opportunity, By Product(Medical Imaging Equipment (X-Ray Machines, Ultrasound systems, CT Scanners, and Others), Operating Room & Surgical Equipment (Anesthesia Machines, CO2 & Agent Monitors, Microscopes, & Others), and Patient Monitors (Multi-parameter Monitors, Electrocardiography Devices, Pulse Oximeter, and Others)), By Region and Forecast till 2027.
Report ID : IR100416 | Industries : Healthcare | Published On :May 2024 | Page Count : 248
Global Refurbished Medical Devices Market Size, Trends & Growth Opportunity, By Product(Medical Imaging Equipment (X-Ray Machines, Ultrasound systems, CT Scanners, and Others), Operating Room & Surgical Equipment (Anesthesia Machines, CO2 & Agent Monitors, Microscopes, & Others), and Patient Monitors (Multi-parameter Monitors, Electrocardiography Devices, Pulse Oximeter, and Others)), By Region and Forecast till 2027.
Global Refurbished Medical Devices Market
Global Refurbished Medical Devices Market was valued at USD 11.69 billion in 2022 and is slated to reach at USD 23.35 billion by 2027 at a CAGR of 14.6% from 2022-2027.
Refurbished medical devices are means equipments which are restored to its original working condition by manufacturers or other experts. These devices are tested and checked by the quality control department. Refurbished Medical Devices are designed to have long use periods. These devices are attractive option for most of the hospitals and diagnostic centers.
Market Drivers
Increase in prevalence of cardiovascular diseases and cancer is the key driving factor which is expected to boost the global refurbished medical devices market growth. Furthermore, rise in initiatives taken by the leading medical device manufacturers to establish refurbished facilities in developed and developing countries will positively contribute the market growth. Moreover, increase in demand for capital intensive diagnostic imaging equipment which is expected to propel the market growth during this forecast period. Also, emergence of e-commerce portals as attractive platforms for refurbished medical devices will drive the market growth.
Market Restraints
However, lack of awareness about the benefits of these devices is the major restraining factor which is expected to hamper the global refurbished medical devices market growth. Also, lack of standardization policies related to the sale and use of refurbished medical devices will hinder the market growth during this analysis period.
Impact of COVID-19
An unprecedented global public health emergency, COVID-19 has had an influence on practically every industry, and its long-term repercussions are expected to have an impact on industry growth throughout the course of the forecast period. Our ongoing study strengthens our research framework to ensure that the underlying COVID-19 problems and potential future directions are included. The paper provides information on COVID-19 while taking into account changes in consumer demand and behaviour, buying habits, supply chain rerouting, market forces in play today, and significant government initiatives. Taking into account the market impact of COVID-19, the updated report offers insights, analyses, projections, and forecasts.
Recent developments
Block Imaging purchased Reliable Healthcare Imaging in December 2021 with the intention of opening a brand-new facility for the repair and reprocessing of CT scanner tubes and HV tanks.
In order to provide cost-effective and creative solutions, including refurbished medical devices, to Medical Imaging and Radiotherapy Departments in the US, Hermes Medical Solutions and Radiology Oncology Systems agreed into an agreement in May 2021.
Market Segmentation
Global Refurbished Medical Devices Market is segmented into product such as Medical Imaging Equipment (X-Ray Machines, Ultrasound systems, CT Scanners, and Others), Operating Room & Surgical Equipment (Anesthesia Machines, CO2 & Agent Monitors, Microscopes, & Others), and Patient Monitors (Multi-parameter Monitors, Electrocardiography Devices, Pulse Oximeter, and Others).
Regional Analysis
Also, Global Refurbished Medical Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as GENERAL ELECTRIC COMPANY, DRE Medical., Block Imaging, Integrity Medical systems Inc, Siemens Healthcare systems,, Radio Oncology Systems,, Everx Pvt Ltd.,and Johnson & Johnson Services, Inc
Market Taxonomy
• By Product
• Medical Imaging Equipment
o X-Ray Machines
o Ultrasound systems
o CT Scanners
o Others
• Operating Room & Surgical Equipment
o Anesthesia Machines
o CO2 & Agent Monitors
o Microscopes
o Others
• Patient Monitors
o Multi-parameter Monitors
o Electrocardiography Devices
o Pulse Oximeter
o Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Refurbished Medical Devices Market?
•segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Refurbished Medical Devices Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Refurbished Medical Devices Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Refurbished Medical Devices Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Refurbished Medical Devices Market Share Analysis, By Product
5.3 Global Refurbished Medical Devices Market Size and Forecast, By Product
5.3.1 Medical Imaging equipment
5.3.1.1 X-Ray Machines
5.3.1.2. Ultrasound Systems
5.3.1.3.CT Scanners
5.3.2 Operating Room & Surgical Equipment
5.3.2.1. Anaesthesia Machines
5.3.2.2. CO2 & Agent Monitors
5.3.2.3. Microscopes
5.3.2.4.Others
5.3.3. Patient Monitors
5.3.1.1. Multi-Parameter Monitors
5.3.1.2. Electrocardiography Devices
5.3.1.3. Pulse Oximeter
5.3.1.4. Others
6Global Refurbished Medical Devices Market, By Region
6.1 Global Refurbished Medical Devices Market Share Analysis, By Region
6.2 Global Refurbished Medical Devices Market Share Analysis, By Region
6.3 Global Refurbished Medical Devices Market Size and Forecast, By Region
7North America Refurbished Medical Devices Market Analysis and Forecast (2022 – 2027)
7.1 Introduction
7.2 North America Refurbished Medical Devices Market Share Analysis, By Product
7.3 North America Refurbished Medical Devices Market Size and Forecast, By Application
7.4 North America Refurbished Medical Devices Market Size and Forecast, By Country
7.4.1 U.S
7.4.2 Canada
7.4.3 Mexico
8Europe Refurbished Medical Devices Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 Europe Refurbished Medical Devices Market Share Analysis, By Product
8.3 Europe Refurbished Medical Devices Market Size and Forecast, By Application
8.4 Europe Refurbished Medical Devices Market Size and Forecast, By Country
8.4.1 Germany
8.4.2 France
8.4.3 UK
8.4.4. Rest of Europe
9Asia Pacific Refurbished Medical Devices Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Asia Pacific Refurbished Medical Devices Market Share Analysis, By Product
9.3 Asia Pacific Refurbished Medical Devices Market Size and Forecast, By Application
9.4 Asia Pacific Refurbished Medical Devices Market Size and Forecast, By Country
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4. Rest of Asia Pacific
10Latin America Refurbished Medical Devices Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Latin America Refurbished Medical Devices Market Share Analysis, By Product
10.3 Latin America Refurbished Medical Devices Market Size and Forecast, By Application
10.4 Latin America Refurbished Medical Devices Market Size and Forecast, By Country
11Middle East Refurbished Medical Devices Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Middle East Refurbished Medical Devices Market Share Analysis, By Product
11.3 Middle East Refurbished Medical Devices Market Size and Forecast, By Application
11.4 Middle East Refurbished Medical Devices Market Size and Forecast, By Country
12Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
13Company Profiles
13.1 GENERAL ELECTRIC COMPANY
13.1.1 Overview
13.1.2 Offerings
13.1.3 Key Financials
13.1.4 Business Segment & Geographic Overview
13.1.5 Key Market Developments
13.1.6 Key Strategies
13.2 DRE Medical
13.2.1 Overview
13.2.2 Offerings
13.2.3 Key Financials
13.2.4 Business Segment & Geographic Overview
13.2.5 Key Market Developments
13.2.6 Key Strategies
13.3 Block Imaging
13.3.1 Overview
13.3.2 Offerings
13.3.3 Key Financials
13.3.4 Business Segment & Geographic Overview
13.3.5 Key Market Developments
13.3.6 Key Strategies
13.4 Integrity Medical systems Inc
13.4.1 Overview
13.4.2 Offerings
13.4.3 Key Financials
13.4.4 Business Segment & Geographic Overview
13.4.5 Key Market Developments
13.4.6 Key Strategies
13.5 Siemens Healthcare systems
13.5.1 Overview
13.5.2 Offerings
13.5.3 Key Financials
13.5.4 Business Segment & Geographic Overview
13.5.5 Key Market Developments
13.5.6 Key Strategies
13.6 Radio Oncology Systems
13.6.1 Overview
13.6.2 Offerings
13.6.3 Key Financials
13.6.4 Business Segment & Geographic Overview
13.6.5 Key Market Developments
13.6.6 Key Strategies
13.7 Everx Pvt Ltd
13.7.1 Overview
13.7.2 Offerings
13.7.3 Key Financials
13.7.4 Business Segment & Geographic Overview
13.7.5 Key Market Developments
13.7.6 Key Strategies
13.8 Johnson & Johnson Services Inc
13.8.1 Overview
13.8.2 Offerings
13.8.3 Key Financials
13.8.4 Business Segment & Geographic Overview
13.8.5 Key Market Developments
13.8.6 Key Strategies
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