Global Refurbished Medical Devices Market To Reach US$ 13 Billio - Erie News Now | WICU & WSEE in Erie, PA

Global Refurbished Medical Devices Market To Reach US$ 13 Billion By 2022


The global refurbished medical devices market is expected to exceed US$ 13 billion by 2022, registering a compound annual growth rate (CAGR) of 12.5% during the forecast period. Cost containment pressure on healthcare organizations, growing demand for refurbished medical equipment in the private healthcare sector, and a large inventory of old or used medical devices are expected to drive the market. In addition, the rising demand for capital-intensive diagnostic imaging equipment, e-commerce platform enhancing the ease of purchase of refurbished medical equipment, and environment-friendly refurbishment process are fueling the growth of the market. However, reluctance to purchase refurbished medical equipment among public health care providers and lack of awareness about the benefits of refurbished equipment are expected to restrict the growth of the market.

In this report, the global refurbished medical devices market is segmented by product and region. On the basis of product, the market is segmented into refurbished radiation oncology systems, refurbished minimally invasive devices, refurbished biotechnology instruments, and refurbished diagnostic imaging equipment.

The global refurbished medical devices market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, and Rest of the World. North America accounts for the largest share of the refurbished medical devices market. However, the Asia Pacific market is projected to register the highest CAGR during the forecast period. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional refurbished medical devices market and analyzes the variations in the growth of the industry in certain regions.

A glimpse of the report structure is provided in the report description available on the website.

GE Healthcare (U.K.), Phillips Healthcare (Netherlands), Siemens Healthcare (Germany), Johnson & Johnson (U.S.), Agito Medical (Denmark), DMS Topline (U.S.), First Source, Inc (U.S.), and Soma Technology (U.S.) are the most active players in the refurbished medical devices market.

This report covers the refurbished medical devices market, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The deep-dive study on the refurbished medical devices market will help customers with identifications of new market opportunities and targeted promotional plans. The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022.


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