Refurbished Medical Equipment Market: Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Refurbished Medical Equipment Market: By Product Type(Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiology Equipmen, 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 Geography

 

 

 

 

 

 

 

 

 

 

 

 

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Report

Description

Refurbished Medical Equipment Market is estimated to be valued at USD 12,643.8 Million in 2021 and is poised to grow at a significant CAGR of 11.5% over 2022-2028. Refurbished medical equipment is defined as items that have been returned to a reusable state while maintaining their original standards. Refurbishing entails removing old equipment and thoroughly servicing all elements, followed by sanitizing, cleaning, painting, and replacing broken or outdated components. Compared to new equipment, the gadget is offered for a significantly lesser price. Because of these advantages, reconditioned equipment is widely used in hospitals, clinics, and other healthcare facilities. Based on the application, the refurbished medical equipment market has been segmented into Diagnostic, Therapeutic vaccines. The diagnostic segment is anticipated to grow at a significant CAGR over the forecast years owing to rising demand for diagnostic imaging procedures, the high cost of new medical imaging equipment, an increase in the number of target diseases, a broader application of diagnostic imaging procedures, regulatory approvals for using refurbished medical equipment, low purchasing power in emerging economies, and established & government validated refurbishment processes used by major OEMs are all expected to drive the growth of this market segment in the coming years. One of the primary reasons driving market expansion is the rising privatization of the healthcare sector, as well as the growing need for low-cost medical services. Furthermore, factors such as the rising frequency of chronic diseases and the growing geriatric population are boosting market growth.

Key Developments:

In 2020, Siemens Healthineers (Germany) and Hamilton Health Sciences (Canada) signed a 15-year deal that can be extended for another ten years to deliver complete imaging services at Hamilton Health Sciences hospital in Canada. The transaction was worth around USD 192 million.

In 2019, US Med-Equip (US) bought Medical Support Products (US) to improve capabilities and national growth and deliver more product and service options throughout the United States.

Refurbished Medical Equipment Market

MARKET SUMMARY
-
11.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 11.5%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Refurbished Medical Equipment Market

  • The refurbished medical equipment market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The refurbished medical equipment market is segmented based on product type, application, end user and geography.
Key Players
  • Agito Medical A/S
  • Block Imaging, DRE Medical, Inc.
  • Everx Pvt Ltd.
  • General Electric Company
  • Integrity Medical Systems,
Refurbished Medical Equipment Market Dynamics

The increasing focus of original equipment manufacturers on the refurbishment of medical device is expected to propel the growth of the refurbished medical equipment market. Companies such as GE Healthcare, Siemens, and Philips, for example, have begun to focus on the refurbishment of large scanning machines such as angiography, radiology-based equipment, magnetic resonance, X-ray systems, and other molecular imaging devices, offering them around 30% less than the cost of new systems. End users have higher faith in original equipment manufacturer-based restoration. Furthermore, the introduction of practical remanufacturing standards is projected to increase the use of reconditioned medical devices. For example, Siemens’ remanufacturing process complies with EN ISO 13485: 2003, which assures medical device makers implement quality management systems, and ISO 14001: 1996, an international standard for an effective environmental management system.


North America Got Significant Share

Refurbished Medical Equipment Market

The Refurbished Medical Equipment market in North America is likely to hold the highest revenue share in 2021 and the same trend is expected over the forecast period due to the existence of significant medical equipment manufacturers, as well as the provision of refurbishing services, and the growing number of end users. Companies like GE Healthcare and Philips Healthcare, for example, have a strong presence in this region. Furthermore, according to the American Hospital Association (AHA), an annual study of hospitals in the United States, the overall number of registered hospitals in the United States in 2017 was 5,534, increasing to 5,564 in 2018. The growing number of healthcare facilities, such as hospitals, is raising the demand for new and refurbished medical equipment, positively affecting the growth of the refurbished medical equipment market. Furthermore, the Asia Pacific is predicted to develop rapidly due to improved medical facilities, unmet medical demands, and increased medical tourism.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2021-2027
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Refurbished Medical Equipment Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Global Refurbished Medical Devices Market will be studied from 2017 – 2028.

 

 

The Global Refurbished Medical Devices Market is growing at a CAGR of 11.5% over the next 7 years.

Asia Pacific is growing at the highest CAGR over 2022- 2028.


Report

Table Of Content

1. Executive Summary
2. Global Refurbished Medical Equipment Market Introduction
2.1. Global Refurbished Medical Equipment Market – Taxonomy
2.2. Global Refurbished Medical Equipment Market –Definitions
2.2.1. By Product Type
2.2.2. By Application
2.2.3. By End User
2.2.4. By Region
3. Global Refurbished Medical Equipment Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Refurbished Medical Equipment Market Dynamic Factors – Impact Analysis
3.6. Global Refurbished Medical Equipment Market – Competition Landscape
4. Global Refurbished Medical Equipment Market Analysis,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Refurbished Medical Equipment Market, Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Medical Imaging Equipment
5.1.1. X-ray Machines
5.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Ultrasound Systems
5.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. MRI Machines
5.1.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. CT Scanners
5.1.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Nuclear Imaging Systems
5.1.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.1.6. Other Medical Imaging Equipment
5.1.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.6.3. Market Opportunity Analysis
5.2. Operating Room & Surgical Equipment
5.2.1. Anesthesia Machines
5.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Operating Room Tables & Lights
5.2.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
5.2.3. Surgical Displays
5.2.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3.3. Market Opportunity Analysis
5.2.4. Electrosurgical Units
5.2.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.4.3. Market Opportunity Analysis
5.2.5. Other Operating Room & Surgical Equipment
5.2.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.5.3. Market Opportunity Analysis
5.3. Patient Monitors
5.3.1. Multi-parameter Monitors
5.3.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.1.3. Market Opportunity Analysis
5.3.2. Electrocardiography Devices
5.3.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.2.3. Market Opportunity Analysis
5.3.3. Pulse Oximeters
5.3.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3.3. Market Opportunity Analysis
5.3.4. Mobile Cardiac Telemetry Devices
5.3.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.4.3. Market Opportunity Analysis
5.3.5. Non-invasive Blood Pressure Monitors
5.3.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.5.3. Market Opportunity Analysis
5.3.6. Fetal Monitors
5.3.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.6.3. Market Opportunity Analysis
5.3.7. Other Patient Monitors
5.3.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.7.3. Market Opportunity Analysis
5.4. Cardiology Equipmen
5.4.1. Heart-lung Machines
5.4.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.1.3. Market Opportunity Analysis
5.4.2. Defibrillators
5.4.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.2.3. Market Opportunity Analysis
5.4.3. Other Cardiology Equipment
5.4.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3.3. Market Opportunity Analysis
5.5. Urology Equipment
5.5.1. Dialysis Machines
5.5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.1.3. Market Opportunity Analysis
5.5.2. Lithotripsy Devices
5.5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.2.3. Market Opportunity Analysis
5.6. Neurology Equipment
5.6.1. EEG Machines
5.6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.1.3. Market Opportunity Analysis
5.6.2. EMG Machines
5.6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.2.3. Market Opportunity Analysis
5.7. Intensive Care Equipment
5.7.1. Ventilators
5.7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.1.3. Market Opportunity Analysis
5.7.2. Infant Incubators and Warmers
5.7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.2.3. Market Opportunity Analysis
5.8. Endoscopy Equipment
5.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.8.3. Market Opportunity Analysis
5.9. IV Therapy Systems
5.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.9.3. Market Opportunity Analysis
5.10. Other Medical Equipment
5.10.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.10.3. Market Opportunity Analysis
6. Global Refurbished Medical Equipment Market Forecast, By Application, 2017-2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Diagnostic
6.1.1. Cardiology
6.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.1.3. Market Opportunity Analysis
6.1.2. Urology
6.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.2.3. Market Opportunity Analysis
6.1.3. Neurology
6.1.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3.3. Market Opportunity Analysis
6.1.4. Orthopedics
6.1.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.4.3. Market Opportunity Analysis
6.1.5. Physiology
6.1.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.5.3. Market Opportunity Analysis
6.1.6. Emergency Medicine
6.1.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.6.3. Market Opportunity Analysis
6.1.7. Oncology
6.1.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.7.3. Market Opportunity Analysis
6.1.8. Obstetrics/Gynecology (OB/GYN)
6.1.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.8.3. Market Opportunity Analysis
6.1.9. Other Diagnostic Applications
6.1.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.9.3. Market Opportunity Analysis
6.2. Therapeutic
6.2.1. Cardiology
6.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.1.3. Market Opportunity Analysis
6.2.2. Urology
6.2.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.2.3. Market Opportunity Analysis
6.2.3. Neurology
6.2.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3.3. Market Opportunity Analysis
6.2.4. Orthopedics
6.2.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.4.3. Market Opportunity Analysis
6.2.5. Emergency Medicine
6.2.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.5.3. Market Opportunity Analysis
6.2.6. Oncology
6.2.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.6.3. Market Opportunity Analysis
6.2.7. Obstetrics/Gynecology (OB/GYN)
6.2.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.7.3. Market Opportunity Analysis
6.2.8. Other Therapeutic Applications
6.2.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.8.3. Market Opportunity Analysis
7. Global Refurbished Medical Equipment Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Hospitals
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Ambulatory Care Centers
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Diagnostic Imaging Centers
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Other End Users
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Refurbished Medical Equipment Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Refurbished Medical Equipment Market – Opportunity Analysis Index, Product Type, By Application, Price Point, and Region, 2022-2028
9. North America Refurbished Medical Equipment MarketAnalysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Medical Imaging Equipment
9.1.1.1. X-ray Machines
9.1.1.2. Ultrasound Systems
9.1.1.3. MRI Machines
9.1.1.4. CT Scanners
9.1.1.5. Nuclear Imaging Systems
9.1.1.6. Other Medical Imaging Equipment
9.1.2. Operating Room & Surgical Equipment
9.1.2.1. Anesthesia Machines
9.1.2.2. Operating Room Tables & Lights
9.1.2.3. Surgical Displays
9.1.2.4. Electrosurgical Units
9.1.2.5. Other Operating Room & Surgical Equipment
9.1.3. Patient Monitors
9.1.3.1. Multi-parameter Monitors
9.1.3.2. Electrocardiography Devices
9.1.3.3. Pulse Oximeters
9.1.3.4. Mobile Cardiac Telemetry Devices
9.1.3.5. Non-invasive Blood Pressure Monitors
9.1.3.6. Fetal Monitors
9.1.3.7. Other Patient Monitors
9.1.4. Cardiology Equipmen
9.1.4.1. Heart-lung Machines
9.1.4.2. Defibrillators
9.1.4.3. Other Cardiology Equipment
9.1.5. Urology Equipment
9.1.5.1. Dialysis Machines
9.1.5.2. Lithotripsy Devices
9.1.6. Neurology Equipment
9.1.6.1. EEG Machines
9.1.6.2. EMG Machines
9.1.7. Intensive Care Equipment
9.1.7.1. Ventilators
9.1.7.2. Infant Incubators and Warmers
9.1.8. Endoscopy Equipment
9.1.9. IV Therapy Systems
9.1.10. Other Medical Equipment
9.2. By Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Diagnostic
9.2.1.1. Cardiology
9.2.1.2. Urology
9.2.1.3. Neurology
9.2.1.4. Orthopedics
9.2.1.5. Physiology
9.2.1.6. Emergency Medicine
9.2.1.7. Oncology
9.2.1.8. Obstetrics/Gynecology (OB/GYN)
9.2.1.9. Other Diagnostic Applications
9.2.2. Therapeutic
9.2.2.1. Cardiology
9.2.2.2. Urology
9.2.2.3. Neurology
9.2.2.4. Orthopedics
9.2.2.5. Physiology
9.2.2.6. Emergency Medicine
9.2.2.7. Oncology
9.2.2.8. Obstetrics/Gynecology (OB/GYN)
9.2.2.9. Other Therapeutic Applications
9.3. By End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Hospitals
9.3.2. Ambulatory Care Centers
9.3.3. Diagnostic Imaging Centers
9.3.4. Other End Users
9.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Refurbished Medical Equipment Market – Opportunity Analysis Index, Product Type, By Application, Price Point, and Country, 2022-2028
9.6. North America Refurbished Medical Equipment Market Dynamics – Trends
10. Europe Refurbished Medical Equipment Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Medical Imaging Equipment
10.1.1.1. X-ray Machines
10.1.1.2. Ultrasound Systems
10.1.1.3. MRI Machines
10.1.1.4. CT Scanners
10.1.1.5. Nuclear Imaging Systems
10.1.1.6. Other Medical Imaging Equipment
10.1.2. Operating Room & Surgical Equipment
10.1.2.1. Anesthesia Machines
10.1.2.2. Operating Room Tables & Lights
10.1.2.3. Surgical Displays
10.1.2.4. Electrosurgical Units
10.1.2.5. Other Operating Room & Surgical Equipment
10.1.3. Patient Monitors
10.1.3.1. Multi-parameter Monitors
10.1.3.2. Electrocardiography Devices
10.1.3.3. Pulse Oximeters
10.1.3.4. Mobile Cardiac Telemetry Devices
10.1.3.5. Non-invasive Blood Pressure Monitors
10.1.3.6. Fetal Monitors
10.1.3.7. Other Patient Monitors
10.1.4. Cardiology Equipmen
10.1.4.1. Heart-lung Machines
10.1.4.2. Defibrillators
10.1.4.3. Other Cardiology Equipment
10.1.5. Urology Equipment
10.1.5.1. Dialysis Machines
10.1.5.2. Lithotripsy Devices
10.1.6. Neurology Equipment
10.1.6.1. EEG Machines
10.1.6.2. EMG Machines
10.1.7. Intensive Care Equipment
10.1.7.1. Ventilators
10.1.7.2. Infant Incubators and Warmers
10.1.8. Endoscopy Equipment
10.1.9. IV Therapy Systems
10.1.10. Other Medical Equipment
10.2. By Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Diagnostic
10.2.1.1. Cardiology
10.2.1.2. Urology
10.2.1.3. Neurology
10.2.1.4. Orthopedics
10.2.1.5. Physiology
10.2.1.6. Emergency Medicine
10.2.1.7. Oncology
10.2.1.8. Obstetrics/Gynecology (OB/GYN)
10.2.1.9. Other Diagnostic Applications
10.2.2. Therapeutic
10.2.2.1. Cardiology
10.2.2.2. Urology
10.2.2.3. Neurology
10.2.2.4. Orthopedics
10.2.2.5. Physiology
10.2.2.6. Emergency Medicine
10.2.2.7. Oncology
10.2.2.8. Obstetrics/Gynecology (OB/GYN)
10.2.2.9. Other Therapeutic Applications
10.3. By End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hospitals
10.3.2. Ambulatory Care Centers
10.3.3. Diagnostic Imaging Centers
10.3.4. Other End Users
10.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Europe Refurbished Medical Equipment Market – Opportunity Analysis Index, Product Type, By Application, Price Point, and Country, 2022-2028
10.6. Europe Refurbished Medical Equipment Market Dynamics – Trends
11. Asia-Pacific Refurbished Medical Equipment Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Medical Imaging Equipment
11.1.1.1. X-ray Machines
11.1.1.2. Ultrasound Systems
11.1.1.3. MRI Machines
11.1.1.4. CT Scanners
11.1.1.5. Nuclear Imaging Systems
11.1.1.6. Other Medical Imaging Equipment
11.1.2. Operating Room & Surgical Equipment
11.1.2.1. Anesthesia Machines
11.1.2.2. Operating Room Tables & Lights
11.1.2.3. Surgical Displays
11.1.2.4. Electrosurgical Units
11.1.2.5. Other Operating Room & Surgical Equipment
11.1.3. Patient Monitors
11.1.3.1. Multi-parameter Monitors
11.1.3.2. Electrocardiography Devices
11.1.3.3. Pulse Oximeters
11.1.3.4. Mobile Cardiac Telemetry Devices
11.1.3.5. Non-invasive Blood Pressure Monitors
11.1.3.6. Fetal Monitors
11.1.3.7. Other Patient Monitors
11.1.4. Cardiology Equipmen
11.1.4.1. Heart-lung Machines
11.1.4.2. Defibrillators
11.1.4.3. Other Cardiology Equipment
11.1.5. Urology Equipment
11.1.5.1. Dialysis Machines
11.1.5.2. Lithotripsy Devices
11.1.6. Neurology Equipment
11.1.6.1. EEG Machines
11.1.6.2. EMG Machines
11.1.7. Intensive Care Equipment
11.1.7.1. Ventilators
11.1.7.2. Infant Incubators and Warmers
11.1.8. Endoscopy Equipment
11.1.9. IV Therapy Systems
11.1.10. Other Medical Equipment
11.2. By Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Diagnostic
11.2.1.1. Cardiology
11.2.1.2. Urology
11.2.1.3. Neurology
11.2.1.4. Orthopedics
11.2.1.5. Physiology
11.2.1.6. Emergency Medicine
11.2.1.7. Oncology
11.2.1.8. Obstetrics/Gynecology (OB/GYN)
11.2.1.9. Other Diagnostic Applications
11.2.2. Therapeutic
11.2.2.1. Cardiology
11.2.2.2. Urology
11.2.2.3. Neurology
11.2.2.4. Orthopedics
11.2.2.5. Physiology
11.2.2.6. Emergency Medicine
11.2.2.7. Oncology
11.2.2.8. Obstetrics/Gynecology (OB/GYN)
11.2.2.9. Other Therapeutic Applications
11.3. By End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hospitals
11.3.2. Ambulatory Care Centers
11.3.3. Diagnostic Imaging Centers
11.3.4. Other End Users
11.4. Country Analysis2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Refurbished Medical Equipment Market – Opportunity Analysis Index, Product Type, By Application, Price Point, and Country, 2022-2028
11.6. Asia-Pacific Refurbished Medical Equipment Market Dynamics – Trends
12. Latin America Refurbished Medical Equipment Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Medical Imaging Equipment
12.1.1.1. X-ray Machines
12.1.1.2. Ultrasound Systems
12.1.1.3. MRI Machines
12.1.1.4. CT Scanners
12.1.1.5. Nuclear Imaging Systems
12.1.1.6. Other Medical Imaging Equipment
12.1.2. Operating Room & Surgical Equipment
12.1.2.1. Anesthesia Machines
12.1.2.2. Operating Room Tables & Lights
12.1.2.3. Surgical Displays
12.1.2.4. Electrosurgical Units
12.1.2.5. Other Operating Room & Surgical Equipment
12.1.3. Patient Monitors
12.1.3.1. Multi-parameter Monitors
12.1.3.2. Electrocardiography Devices
12.1.3.3. Pulse Oximeters
12.1.3.4. Mobile Cardiac Telemetry Devices
12.1.3.5. Non-invasive Blood Pressure Monitors
12.1.3.6. Fetal Monitors
12.1.3.7. Other Patient Monitors
12.1.4. Cardiology Equipmen
12.1.4.1. Heart-lung Machines
12.1.4.2. Defibrillators
12.1.4.3. Other Cardiology Equipment
12.1.5. Urology Equipment
12.1.5.1. Dialysis Machines
12.1.5.2. Lithotripsy Devices
12.1.6. Neurology Equipment
12.1.6.1. EEG Machines
12.1.6.2. EMG Machines
12.1.7. Intensive Care Equipment
12.1.7.1. Ventilators
12.1.7.2. Infant Incubators and Warmers
12.1.8. Endoscopy Equipment
12.1.9. IV Therapy Systems
12.1.10. Other Medical Equipment
12.2. By Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Diagnostic
12.2.1.1. Cardiology
12.2.1.2. Urology
12.2.1.3. Neurology
12.2.1.4. Orthopedics
12.2.1.5. Physiology
12.2.1.6. Emergency Medicine
12.2.1.7. Oncology
12.2.1.8. Obstetrics/Gynecology (OB/GYN)
12.2.1.9. Other Diagnostic Applications
12.2.2. Therapeutic
12.2.2.1. Cardiology
12.2.2.2. Urology
12.2.2.3. Neurology
12.2.2.4. Orthopedics
12.2.2.5. Physiology
12.2.2.6. Emergency Medicine
12.2.2.7. Oncology
12.2.2.8. Obstetrics/Gynecology (OB/GYN)
12.2.2.9. Other Therapeutic Applications
12.3. By End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hospitals
12.3.2. Ambulatory Care Centers
12.3.3. Diagnostic Imaging Centers
12.3.4. Other End Users
12.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Refurbished Medical Equipment Market – Opportunity Analysis Index, Product Type, By Application, Price Point, and Country, 2022-2028
12.6. Latin America Refurbished Medical Equipment Market Dynamics – Trends
13. Middle East and Africa Refurbished Medical Equipment Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Medical Imaging Equipment
13.1.1.1. X-ray Machines
13.1.1.2. Ultrasound Systems
13.1.1.3. MRI Machines
13.1.1.4. CT Scanners
13.1.1.5. Nuclear Imaging Systems
13.1.1.6. Other Medical Imaging Equipment
13.1.2. Operating Room & Surgical Equipment
13.1.2.1. Anesthesia Machines
13.1.2.2. Operating Room Tables & Lights
13.1.2.3. Surgical Displays
13.1.2.4. Electrosurgical Units
13.1.2.5. Other Operating Room & Surgical Equipment
13.1.3. Patient Monitors
13.1.3.1. Multi-parameter Monitors
13.1.3.2. Electrocardiography Devices
13.1.3.3. Pulse Oximeters
13.1.3.4. Mobile Cardiac Telemetry Devices
13.1.3.5. Non-invasive Blood Pressure Monitors
13.1.3.6. Fetal Monitors
13.1.3.7. Other Patient Monitors
13.1.4. Cardiology Equipmen
13.1.4.1. Heart-lung Machines
13.1.4.2. Defibrillators
13.1.4.3. Other Cardiology Equipment
13.1.5. Urology Equipment
13.1.5.1. Dialysis Machines
13.1.5.2. Lithotripsy Devices
13.1.6. Neurology Equipment
13.1.6.1. EEG Machines
13.1.6.2. EMG Machines
13.1.7. Intensive Care Equipment
13.1.7.1. Ventilators
13.1.7.2. Infant Incubators and Warmers
13.1.8. Endoscopy Equipment
13.1.9. IV Therapy Systems
13.1.10. Other Medical Equipment
13.2. By Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Diagnostic
13.2.1.1. Cardiology
13.2.1.2. Urology
13.2.1.3. Neurology
13.2.1.4. Orthopedics
13.2.1.5. Physiology
13.2.1.6. Emergency Medicine
13.2.1.7. Oncology
13.2.1.8. Obstetrics/Gynecology (OB/GYN)
13.2.1.9. Other Diagnostic Applications
13.2.2. Therapeutic
13.2.2.1. Cardiology
13.2.2.2. Urology
13.2.2.3. Neurology
13.2.2.4. Orthopedics
13.2.2.5. Physiology
13.2.2.6. Emergency Medicine
13.2.2.7. Oncology
13.2.2.8. Obstetrics/Gynecology (OB/GYN)
13.2.2.9. Other Therapeutic Applications
13.3. By End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hospitals
13.3.2. Ambulatory Care Centers
13.3.3. Diagnostic Imaging Centers
13.3.4. Other End Users
13.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Refurbished Medical Equipment Market – Opportunity Analysis Index, Product Type, By Application, Price Point, and Country, 2022-2028
13.6. MEA Refurbished Medical Equipment Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, By Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Agito Medical A/S
14.2.2.  Block Imaging, DRE Medical, Inc.
14.2.3. Everx Pvt Ltd.
14.2.4. General Electric Company
14.2.5. Integrity Medical Systems,
14.2.6. Koninklijke Philips N.V.
14.2.7. Radiology Oncology Systems, Inc.
14.2.8.  Siemens AG, Soma Technology.
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Agito Medical A/S
  • Block Imaging, DRE Medical, Inc.
  • Everx Pvt Ltd.
  • General Electric Company
  • Integrity Medical Systems,
  • Koninklijke Philips N.V.
  • Radiology Oncology Systems, Inc.
  • Siemens AG
  • Soma Technology.

Description

Refurbished Medical Equipment Market is estimated to be valued at USD 12,643.8 Million in 2021 and is poised to grow at a significant CAGR of 11.5% over 2022-2028. Refurbished medical equipment is defined as items that have been returned to a reusable state while maintaining their original standards. Refurbishing entails removing old equipment and thoroughly servicing all elements, followed by sanitizing, cleaning, painting, and replacing broken or outdated components. Compared to new equipment, the gadget is offered for a significantly lesser price. Because of these advantages, reconditioned equipment is widely used in hospitals, clinics, and other healthcare facilities. Based on the application, the refurbished medical equipment market has been segmented into Diagnostic, Therapeutic vaccines. The diagnostic segment is anticipated to grow at a significant CAGR over the forecast years owing to rising demand for diagnostic imaging procedures, the high cost of new medical imaging equipment, an increase in the number of target diseases, a broader application of diagnostic imaging procedures, regulatory approvals for using refurbished medical equipment, low purchasing power in emerging economies, and established & government validated refurbishment processes used by major OEMs are all expected to drive the growth of this market segment in the coming years. One of the primary reasons driving market expansion is the rising privatization of the healthcare sector, as well as the growing need for low-cost medical services. Furthermore, factors such as the rising frequency of chronic diseases and the growing geriatric population are boosting market growth.

Key Developments:

In 2020, Siemens Healthineers (Germany) and Hamilton Health Sciences (Canada) signed a 15-year deal that can be extended for another ten years to deliver complete imaging services at Hamilton Health Sciences hospital in Canada. The transaction was worth around USD 192 million.

In 2019, US Med-Equip (US) bought Medical Support Products (US) to improve capabilities and national growth and deliver more product and service options throughout the United States.

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