Global Refurbished Medical Equipment Market 2023-2029

Global Refurbished Medical Equipment Market 2023-2029

Refurbished medical equipment refers to devices that have been restored to a reusable condition without changing their original specifications. These devices are thoroughly tested for quality and function and, if necessary, parts are replaced or repaired. Then the devices are cleaned and the data is deleted. The software is updated to the latest version. By some estimates, buying refurbished devices can reduce medical equipment costs by 20-30%. That’s extremely appealing to decision-makers feeling the pressure of lean capital budgets. The global refurbished medical equipment market is anticipated to increase by USD 5.5 billion till 2029 at an average annual growth of 6.1 percent as per the latest report by Gen Consulting Company.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global refurbished medical equipment market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, end user, and region. The global market for refurbished medical equipment can be segmented by product: cardiology equipment, dental equipment, IVD instruments & laboratories equipment, medical imaging equipment, OR (operating room), surgical and therapeutic equipment, patient monitoring equipment, others. According to the research, the medical imaging equipment segment had the largest share in the global refurbished medical equipment market. Refurbished medical equipment market is further segmented by application: diagnosis & monitoring, treatment & surgical interventions. In 2022, the diagnosis & monitoring segment made up the largest share of revenue generated by the refurbished medical equipment market. Based on end user, the refurbished medical equipment market is segmented into: clinical & research laboratories, clinics, physician offices & dental clinics, hospitals, radiology and medical imaging centers, others. Among these, the hospitals segment was accounted for the highest revenue generator in 2022. On the basis of region, the refurbished medical equipment market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America captured the largest share of the market in 2022.

Market Segmentation

By product: cardiology equipment, dental equipment, IVD instruments & laboratories equipment, medical imaging equipment, OR (operating room), surgical and therapeutic equipment, patient monitoring equipment, others

By application: diagnosis & monitoring, treatment & surgical interventions

By end user: clinical & research laboratories, clinics, physician offices & dental clinics, hospitals, radiology and medical imaging centers, others

By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including Amber Diagnostics, Inc., Atlantis Worldwide, LLC, Avante Health Solutions (DRE, Inc.), Block Imaging, Inc., Canon Inc., CURA Healthcare, EverX Pty Ltd., Fair Medical Co., Ltd., Future Health Concepts, Inc., GE Healthcare, Hilditch Group Ltd., Japan Central Medical Inc., Koninklijke Philips N.V., Medirays Corporation, Meridian Medical Inc., MXR Imaging Inc. (Oxford Instruments Healthcare), Pacific Health Care Imaging, LLC, Radiology Oncology Systems, Inc., Siemens Healthineers AG, Soma Technology, Inc., US Med-Equip Inc., Venture Medical ReQuip, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

• To analyze and forecast the market size of the global refurbished medical equipment market.
• To classify and forecast the global refurbished medical equipment market based on product, application, end user, region.
• To identify drivers and challenges for the global refurbished medical equipment market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global refurbished medical equipment market.
• To identify and analyze the profile of leading players operating in the global refurbished medical equipment market.

• Gain a reliable outlook of the global refurbished medical equipment market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.