Refurbished Medical Equipment Market Size, Statistics, Industry Growth, Value Chain, Trends And Forecast To 2028
The global refurbished medical equipment market was valued US$ 6.3 Bn in 2017, and is expected to register a CAGR of over 9.7%. The report offers in-depth insights, revenue details, and other vital information regarding the global Refurbished Medical Equipment market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. Refurbishment is restoration of equipment or device to a reusable condition without changing the basic specifications of the device. The process of refurbishing medical devices ensures the safety and efficacy of the device so that the performance of the device is not altered.
The global market research report records significant aspects related to business constraints and proceedings that cover inventive technological progresses, acquisitions, mergers and collaboration, introduction of new product, distinct business statistics of the Refurbished Medical Equipment market that has been studied in the history and has to be prepared over the forecast period 2017- 2026. The global market report executes a comprehensive study on the past data, present as well as the upcoming market trends in the market and future estimations. However, the market report stands to be explicit in gathering the data that can be viewed by the number of users which include researchers, experts, and advisors.
Increasing demand for refurbished medical equipment is relatively high from private hospitals, owing to lower budgets than that of government-run or funded medical facilities. Cost of personalized treatment in private hospitals is relatively higher than government or trust-run hospitals. In order to operate within budget and increase patient footfall by offering a wider range of diagnostics and treatments, many private hospitals adopt cost-effective solutions such as refurbished medical equipment.
Further, industrial constraint investigation of the market that combines with the report making it more understandable. The report offers buyers and distributors data of market in addition to the competitive players of Refurbished Medical Equipment product includes their production and price structure.
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Addition to this, the global Refurbished Medical Equipment market serves major top players Soma Technology Inc, Agito Medical A/S, Everx Pvt Ltd., GE Healthcare, DRE Medical Inc, Koninklijke Philips N.V., Radiology Oncology Systems Inc, Block Imaging International Inc, Siemens AG and Integrity Medical Systems Inc
Global refurbished medical equipment market segmentation by product type:
Operating Room Equipment & Surgical Equipment
Medical Imaging Equipment
Cardiovascular & Cardiology Equipment X-ray Machines
Intensive Care Units
IV Therapy Systems
North America market is expected to dominate the global refurbished medical equipment market, and it accounts for largest market revenue over US$ 2,700 Mn in 2017 as compared to that of markets in other regions. Dominance by North America market is expected to continue over the forecast period and expected to grow with a CAGR over 9.5%.
The global Refurbished Medical Equipment market has highlights on each and every region intensely to comprehend the overview related to different manufacturer at small scale and large scale level. In addition, the market also provides SWOT study (Strength, Weaknesses, Opportunities, and Threats) and PESTAL (Political, Economic, Social, Technological, Environmental and Legal) including CAGR value over the forecast period 2017-2026.
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