Global Refurbished Medical Equipment Market Size study & Forecast, by Product (Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiology Equipment, Urology Equipment, Neurology Equipment, Intensive Care Equipment, Endosc

Global Refurbished Medical Equipment Market Size study & Forecast, 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 Medical Equipment), by Application (Diagnostic, Therapeutic), by End-User (Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers, Other End-Users) and Regional Analysis, 2022-2029

Global Refurbished Medical Equipment Market is valued at approximately USD 26.42 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.8% over the forecast period 2022-2029. Medical devices that have been refurbished are those that have been restored to their original operational condition and are thus free of any type of defects. Before reusing an item of medical equipment, it must require refurbishment to be checked for safety, quality, and effectiveness. The demand for refurbished equipment has been fueled by an increase in the number of private hospitals that purchase refurbished devices due to budget constraints, unfavorable reimbursement policies for various medical treatments, and an increase in initiatives taken by the top medical device manufacturers to establish refurbished facilities in developed and developing countries. Also, another factor driving the market growth is emergence of e-commerce portals as attractive platforms for refurbished medical equipment.

According to Statista, in 2019, the total number of hospitals in India was around 69,264. Of that, the total number of private hospitals was 43,486 and public hospitals was 25,778. As a result, a rising number of private hospitals will drive the demand for refurbished devices due to budget constraints. Also, growing demand for capital-intensive diagnostic imaging equipment would create lucrative opportunities for the market during forecast period. However, the lack of awareness about the benefits of these devices and lack of standardization of policies related to the sale and use of refurbished medical devices stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Refurbished Medical Equipment Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the growing trend of medical tourism and the rising privatization of the healthcare sector in this region. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing support from government and efficient reimbursement policies and rising number of medical facilities and centers in this region.

Major market players included in this report are:
GE Healthcare (US)
Siemens Healthineers (Germany)
Koninklijke Philips N.V. (Netherlands)
Block Imaging (US)
SOMA TECH INTL. (US)
US Med-Equip (US)
Avante Health Solutions (US)
Everx Pvt Ltd. (Australia)
Integrity Medical Systems, Inc. (US)
Radiology Oncology Systems, Inc. (US)
Recent Developments in the Market:
 In 2020, In order to provide complete services for the latest imaging equipment at Hamilton Health Sciences hospitals in Canada, Siemens Healthineers (Germany) and Hamilton Health Sciences (Canada) entered into a 15-year contract that has the potential for an extra 10-year extension. The transaction was worth 192 million USD.
 In 2018, Koninklijke Philips announced the acquisition of AGITO Medical. Through this acquisition, company expanded its portfolio of refurbished medical equipment and parts.

Global Refurbished Medical Equipment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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 Medical Equipment

By Application:
Diagnostic
Therapeutic

By End-User:
Hospitals
Ambulatory Care Centers
Diagnostic Imaging Centers
Other End-Users

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World

Companies Mentioned

GE Healthcare (US)
Siemens Healthineers (Germany)
Koninklijke Philips N.V. (Netherlands)
Block Imaging (US)
SOMA TECH INTL. (US)
US Med-Equip (US)
Avante Health Solutions (US)
Everx Pvt Ltd. (Australia)
Integrity Medical Systems, Inc. (US)
Radiology Oncology Systems, Inc. (US)

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Refurbished Medical Equipment Market, by Region, 2019-2029 (USD Billion)
1.2.2. Refurbished Medical Equipment Market, by Product, 2019-2029 (USD Billion)
1.2.3. Refurbished Medical Equipment Market, by Application, 2019-2029 (USD Billion)
1.2.4. Refurbished Medical Equipment Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Refurbished Medical Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Refurbished Medical Equipment Market Dynamics
3.1. Refurbished Medical Equipment Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing Number of Private Hospitals
3.1.1.2. Emergence Of E-Commerce Portals as Attractive Platforms for Refurbished Medical Equipment
3.1.2. Market Challenges
3.1.2.1. Lack Of Awareness About the Benefits of These Devices
3.1.2.2. Lack of Standardization of Policies Related to The Sale and Use of Refurbished Medical Devices
3.1.3. Market Opportunities
3.1.3.1. Growing Demand for Capital-Intensive Diagnostic Imaging Equipment
Chapter 4. Global Refurbished Medical Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Refurbished Medical Equipment Market, by Product
6.1. Market Snapshot
6.2. Global Refurbished Medical Equipment Market by Product, Performance - Potential Analysis
6.3. Global Refurbished Medical Equipment Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Refurbished Medical Equipment Market, Sub Segment Analysis
6.4.1. Medical Imaging Equipment
6.4.2. Operating Room & Surgical Equipment
6.4.3. Patient Monitors
6.4.4. Cardiology Equipment
6.4.5. Urology Equipment
6.4.6. Neurology Equipment
6.4.7. Intensive Care Equipment
6.4.8. Endoscopy Equipment
6.4.9. IV Therapy Systems
6.4.10. Other Medical Equipment
Chapter 7. Global Refurbished Medical Equipment Market, by Application
7.1. Market Snapshot
7.2. Global Refurbished Medical Equipment Market by Application, Performance - Potential Analysis
7.3. Global Refurbished Medical Equipment Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Refurbished Medical Equipment Market, Sub Segment Analysis
7.4.1. Diagnostic
7.4.2. Therapeutic
Chapter 8. Global Refurbished Medical Equipment Market, by End-User
8.1. Market Snapshot
8.2. Global Refurbished Medical Equipment Market by End-User, Performance - Potential Analysis
8.3. Global Refurbished Medical Equipment Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
8.4. Refurbished Medical Equipment Market, Sub Segment Analysis
8.4.1. Hospitals
8.4.2. Ambulatory Care Centers
8.4.3. Diagnostic Imaging Centers
8.4.4. Other End-Users
Chapter 9. Global Refurbished Medical Equipment Market, Regional Analysis
9.1. Refurbished Medical Equipment Market, Regional Market Snapshot
9.2. North America Refurbished Medical Equipment Market
9.2.1. U.S. Refurbished Medical Equipment Market
9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
9.2.1.3. End-User breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Refurbished Medical Equipment Market
9.3. Europe Refurbished Medical Equipment Market Snapshot
9.3.1. U.K. Refurbished Medical Equipment Market
9.3.2. Germany Refurbished Medical Equipment Market
9.3.3. France Refurbished Medical Equipment Market
9.3.4. Spain Refurbished Medical Equipment Market
9.3.5. Italy Refurbished Medical Equipment Market
9.3.6. Rest of Europe Refurbished Medical Equipment Market
9.4. Asia-Pacific Refurbished Medical Equipment Market Snapshot
9.4.1. China Refurbished Medical Equipment Market
9.4.2. India Refurbished Medical Equipment Market
9.4.3. Japan Refurbished Medical Equipment Market
9.4.4. Australia Refurbished Medical Equipment Market
9.4.5. South Korea Refurbished Medical Equipment Market
9.4.6. Rest of Asia Pacific Refurbished Medical Equipment Market
9.5. Latin America Refurbished Medical Equipment Market Snapshot
9.5.1. Brazil Refurbished Medical Equipment Market
9.5.2. Mexico Refurbished Medical Equipment Market
9.5.3. Rest of Latin America Refurbished Medical Equipment Market
9.6. Rest of The World Refurbished Medical Equipment Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. GE Healthcare (US)
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Siemens Healthineers (Germany)
10.2.3. Koninklijke Philips N.V. (Netherlands)
10.2.4. Block Imaging (US)
10.2.5. SOMA TECH INTL. (US)
10.2.6. US Med-Equip (US)
10.2.7. Avante Health Solutions (US)
10.2.8. Everx Pvt Ltd. (Australia)
10.2.9. Integrity Medical Systems, Inc. (US)
10.2.10. Radiology Oncology Systems, Inc. (US)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
List of Tables
TABLE 1. Global Refurbished Medical Equipment Market, report scope
TABLE 2. Global Refurbished Medical Equipment Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Refurbished Medical Equipment Market estimates & forecasts by Product 2019-2029 (USD Billion)
TABLE 4. Global Refurbished Medical Equipment Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 5. Global Refurbished Medical Equipment Market estimates & forecasts by End-User 2019-2029 (USD Billion)
TABLE 6. Global Refurbished Medical Equipment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Refurbished Medical Equipment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Refurbished Medical Equipment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Refurbished Medical Equipment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Refurbished Medical Equipment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Refurbished Medical Equipment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Refurbished Medical Equipment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Refurbished Medical Equipment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Refurbished Medical Equipment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Refurbished Medical Equipment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Refurbished Medical Equipment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Refurbished Medical Equipment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Refurbished Medical Equipment Market
TABLE 71. List of primary sources, used in the study of global Refurbished Medical Equipment Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIG 1. Global Refurbished Medical Equipment Market, research methodology
FIG 2. Global Refurbished Medical Equipment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Refurbished Medical Equipment Market, key trends 2021
FIG 5. Global Refurbished Medical Equipment Market, growth prospects 2022-2029
FIG 6. Global Refurbished Medical Equipment Market, porters 5 force model
FIG 7. Global Refurbished Medical Equipment Market, pest analysis
FIG 8. Global Refurbished Medical Equipment Market, value chain analysis
FIG 9. Global Refurbished Medical Equipment Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Refurbished Medical Equipment Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Refurbished Medical Equipment Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Refurbished Medical Equipment Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Refurbished Medical Equipment Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Refurbished Medical Equipment Market, regional snapshot 2019 & 2029
FIG 15. North America Refurbished Medical Equipment Market 2019 & 2029 (USD Billion)
FIG 16. Europe Refurbished Medical Equipment Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Refurbished Medical Equipment Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Refurbished Medical Equipment Market 2019 & 2029 (USD Billion)
FIG 19. Global Refurbished Medical Equipment Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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