DUBLIN--(BUSINESS WIRE)--The "Refurbished Medical Equipment Market by Product (Medical Imaging, Intensive Care Equipment, OR Equipment, Patient Monitors), Application (Cardiology, Neurology, Urology, Oncology), End User (Hospitals, Diagnostic Imaging Centers)-Global Forecasts to 2025" report has been added to ResearchAndMarkets.com's offering.
The global refurbished medical equipment market is projected to grow at a CAGR of 11.8%. The growth of the global refurbished medical equipment market can be attributed to factors such as hospital budget cuts, a large inventory of used or old medical devises, rising demand for capital-intensive diagnostic imaging equipment, e-commerce platform enhancing the ease of purchase of refurbished medical equipment, growing preference for eco-friendly products, an increasing number of diagnostic centers & hospitals, and the growing opportunities in emerging economies. However, factors such as stringent regulations on the import and use of refurbished medical devices in certain countries, lack in the standardization of policies for the use & sale of refurbished devices, increase in the influx of low-cost new medical devices, and the negative perception about the quality of refurbished medical devices are expected to restrain the market growth. Furthermore, the growth of the market is expected to be temporarily slow down due to the COVID-19 pandemic during the forecast period.
Based on application, the refurbished medical equipment market is segmented into diagnostic and therapeutic application segments. The diagnostic segment accounted for a larger share of the market in 2019. The rising demand for diagnostic imaging procedures, the high price of new medical imaging equipment, a growing number of target diseases, widening application of diagnostic imaging procedures, regulatory approvals in using refurbished medical equipment, low purchasing power in emerging economies, and established & government validated refurbishment processes adopted by major OEMs are factors expected to drive the growth of this market segment in the coming years.
This report focuses on various levels of analysis - industry trends, market shares of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the refurbished medical equipment market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Refurbished Medical Equipment Market Overview
4.2 Refurbished Medical Equipment Market, by Application, 2020 Vs. 2025 (Usd Million)
4.3 Refurbished Medical Equipment Market, by Product and Region (Usd Million)
4.4 Refurbished Medical Equipment Market Share, by End User, 2020 Vs. 2025
4.5 Geographical Snapshot of the Refurbished Medical Equipment Market
5 Market Overview
6 Refurbished Medical Equipment Market, by Product
6.1 Introduction
6.2 Medical Imaging Equipment
6.3 Operating Room & Surgical Equipment
6.4 Patient Monitors
6.5 Cardiology Equipment
6.6 Urology Equipment
6.7 Neurology Equipment
6.8 Intensive Care Equipment
6.9 Intravenous Therapy Systems
6.10 Endoscopy Equipment
6.11 Other Medical Equipment
7 Refurbished Medical Equipment Market, by Application
7.1 Introduction
7.2 Diagnostic Applications
7.3 Therapeutic Applications
8 Refurbished Medical Equipment Market, by End User
8.1 Introduction
8.2 Hospitals
8.3 Diagnostic Imaging Centers
8.4 Ambulatory Care Centers
8.5 Other End Users
9 Refurbished Medical Equipment Market, by Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Latin America
9.6 Middle East and Africa
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping
10.3 Competitive Scenario (2017-2020)
10.4 Global Refurbished Medical Equipment Market Share Analysis (2019)
10.5 Competitive Scenario
11 Company Profiles
- Avante Health Solutions
- Block Imaging International, Inc.
- Desert Tech Medical Systems
- Everx Pvt. Ltd.
- Fair Medical Co. Ltd
- Future Health Concepts
- GE Healthcare (A Wholly Owned Subsidiary of General Electric Company)
- Hi Tech International Group, Inc.
- Hilditch Group
- Integrity Medical Systems, Inc.
- Koninklijke Philips N.V.
- Master Medical Equipment
- Nationwide Imaging Services
- Pacific Healthcare Imaging, Llc
- Radiology Oncology Systems, Inc.
- Siemens Healthineers (A Part of Siemens Group)
- Soma Technology, Inc.
- US Med-Equip, Inc.
- US Medical Systems, Llc
- Venture Medical Requip, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/jwjpw8
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