Refurbished medical equipment is fully tested, cleaned, calibrated and upgraded with new parts by the companies in the refurbishment process. The equipment like pulse oximeters, spirometers, ventilators, ECGs, IV pumps, respiratory devices and others are used as the refurbished equipment at a reduced cost. Global refurbished medical equipment market was valued at $7.38 billion in 2017 and is expected to reach $19.21 billion by 2025 with a CAGR of 12.7% during the forecast period 2019-2025. The factors like environment-friendliness of the refurbishment process, rising demand for capital-intensive diagnostic imaging equipment and E-commerce platform enhancing the ease of purchase of refurbished medical equipment are driving the market growth. The factors like negative perception about the quality of refurbished medical equipment among end users and lack of awareness about the benefits of refurbished equipment are hindering the market growth. The factors like lack of standardisation and harmonisation of policies on the sale and use of refurbished devices are challenging the market growth. Rapid growth in the number of private hospitals and diagnostic centers are profiting the market growth.

Research Study Objectives:

• Define, estimate, and forecast the Refurbished Medical Equipment market statistics by product and regions concerning the individual growth drivers, market trends and their contribution toward the Refurbished Medical Equipment market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Refurbished Medical Equipment Market Analysis report.
• Analysis and conclusions on the future Refurbished Medical Equipment market outlook.

Top-down and bottom-up approaches are used to validate the Refurbished Medical Equipment Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Refurbished Medical Equipment Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Refurbished Medical Equipment market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The Refurbished Medical Equipment market segmentation is as follows:

By Product

• Cardiovascular & Cardiology Equipment
• Coagulation Analyzers
• Heart-Lung Machines
• Others
• Defibrillators
  • Automatic External Defibrillators
  • Others
• Neurology Equipment
  • EMG Machines
  • EEG Machines
• Neonatal Intensive-Care Equipment
  • Infant Incubators and Warmers
  • Monitors
• Intravenous (IV) Therapy Systems
• Endoscopy Equipment
• Intensive Care Systems
  • Hardwire Systems
  • Telemetry Systems
• Medical Imaging Equipment
  • Nuclear Imaging Systems
  • CT Scanners
  • MRI Machines
  • Ultrasound Systems
  • X-Ray Machines
  • Others
• Operating Room & Surgical Equipment
  • Microscopes
  • Electrosurgical Units
  • Anesthesia Machines
  • CO2 and Agent Monitors
  • Others
• Patient Monitors
  • Noninvasive Blood Pressure Monitors
  • Electrocardiography Devices (ECG)
  • Pulse Oximeters
  • Multiparameter Monitors
• Others

Geographical Analysis:

Refurbished Medical Equipment Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Refurbished Medical Equipment Market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Refurbished Medical Equipment Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant Refurbished Medical Equipment market players, such as
  • Soma Technology, Inc.
  • DRE Medical, Inc.
  • Agito Medical A/S
  • Everx Pvt. Ltd.
  • Integrity Medical Systems, Inc.
• Along with these companies, many other companies are considered in the report while analysing the Global Refurbished Medical Equipment competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.