The global refurbished medical equipment market size is expected to reach USD 45.81 Billion in 2032 and register a steady revenue CAGR of 11.8% during the forecast period, according to latest analysis by Emergen Research. Increasing preference for eco-friendly products is a major factor driving market revenue growth of. Benefits of used medical imaging equipment for environment must be emphasized. The circular economy is supported by refurbishment, a sort of reuse and waste reduction that raises useful lifespan of medical imaging equipment from 5-7 to 10-14 years or even longer. Resources and energy required to produce new equipment are saved by refurbishment. It is critical from an environmental standpoint to maximize service life of imaging scanners due to energy and materials used throughout the production, safety testing, and regulatory compliance processes. For instance, improving Magnetic Resonance Imaging (MRI) scanners and extending their service life maximizes the return on initial investment of energy and materials.

The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Refurbished Medical Equipment market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Refurbished Medical Equipment market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Block Imaging, Inc., Soma Tech INTL, Avante Health Solutions, Hilditch Group, EverX Pty. Ltd., Integrity Medical Systems, Inc., and Radiology Oncology Systems

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Emergen Research has segmented the global Refurbished Medical Equipment market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

• Product Outlook (Revenue, USD Billion; 20192032)

  • Medical Imaging Equipment
    1. Computerized Tomography (CT) Scanners
    2. Magnetic Resonance Imaging (MRI) Machines
    3. X-Ray Machines
    4. Nuclear Imaging Systems
    5. Ultrasound Systems
    6. Other Medical Imaging Equipment
  • Operating Room & Surgical Equipment
    1. Anesthesia Machines
    2. Electrosurgical Units
    3. Operating Room Tables & Lights
    4. Surgical Displays
    5. Other Operating Room & Surgical Equipment
  • Patient Monitors
    1. Multi-Parameter Monitors
    2. Fetal Monitors
    3. Electrocardiography Devices
    4. Pulse Oximeters
    5. Mobile Cardiac Telemetry Devices
    6. Non-Invasive Blood Pressure Monitors
    7. Other Patient Monitors
  • Cardiology Equipment
    1. Defibrillators
    2. Heart-Lung Machines
    3. Other Cardiology Equipment
  • Urology Equipment
    1. Dialysis Machines
    2. Lithotripsy Devices
  • Neurology Equipment
    1. Electromyograph Machines (EMG) Machines
    2. Electroencephalography (EEG) Machines
  • Intensive Care Equipment
    1. Ventilators
    2. Infant Incubators & Warmers
  • Intravenous Therapy Systems
  • Endoscopy Equipment
  • Other Medical Equipment

• Application Outlook (Revenue, USD Billion; 20192032)

  • Diagnostic Applications
    1. Cardiology
    2. Urology
    3. Neurology
    4. Orthopedics
    5. Physiology
    6. Emergency Medicine
    7. Oncology
    8. Obstetrics/Gynecology
    9. Other Diagnostic Applications
  • Therapeutic Applications
    1. Cardiology
    2. Urology
    3. Neurology
    4. Orthopedics
    5. Physiology
    6. Emergency Medicine
    7. Oncology
    8. Obstetrics/Gynecology
    9. Other Therapeutic Applications

• End-Use Outlook (Revenue, USD Billion; 20192032)

  • Hospitals
  • Diagnostic Imaging Centers
  • Ambulatory Care Centers
  • Other End-Use

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Refurbished Medical Equipment Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porters Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Refurbished Medical Equipment Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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