Refurbished Medical Equipment Market to grow at an impressive rate During the Forecast Period
Increasing number
of hospitals are expected to drive the growth of global refurbished medical equipment
market.
According to TechSci Research report, “Global Refurbished
Medical Equipment Market By Type (Operating Room
Equipment & Surgical Equipment, Patient Monitors, Defibrillators, Medical
Imaging Equipment, Cardiovascular & Cardiology Equipment, X-Ray Machines,
Neurology Equipment, Endoscopy Equipment, Intensive Care Systems, Neonatal
Intensive Care Systems, IV Therapy Systems, Others), By Application (Cardiology,
Neurology, Urology, Oncology, Others), By Source (Domestic,
Import), By End user(Hospital, Diagnostic Imaging Centers), By Company, By
Region, Forecast & Opportunities, 2026”, the global refurbished
medical equipment market is expected to grow at an impressive rate during the
forecast period on account of the growing prevalence of chronic diseases such
as cancer, diabetes, cardiovascular diseases, renal disorders, respiratory
ailments, among others. This has drastically increased the patient pool and
hospitalization rate thereby increasing the demand for different medical
equipment required for diagnosis and treatment of these diseases. This in turn
is expected to positively influence the market growth through 2026.
Additionally, benefits associated with refurbished medical equipment such as
easy availability, low cost, among others is further expected to fuel the
market growth over the next few years. Besides, growing number of diagnostic
imaging techniques is further expected to propel the market growth during the
forecast period. Furthermore, rising medical tourism in different parts of the
world is expected to create lucrative opportunities for the market growth over
the next five years. However, lack of standardization & policies for use
and sale of refurbished medical equipment can hamper the market growth during
the forecast period. Also, stringent regulations on import of refurbished
medical devices in certain countries can further restrict the market growth through
2026. Additionally, negative perceptions pertaining to the quality of
refurbished medical devices can hinder the market growth during the forecast
period.
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The global refurbished medical equipment market
is segmented based on type, application, source, end user, company and region. Based
on end user, the market can be split into hospitals and diagnostic imaging
centers. The hospitals segment is expected to dominate the market on account of
the growing adoption of refurbished medical equipment and devices in the
hospitals especially in those hospitals where there are budget constraints.
Koninklijke Philips N.V., Block Imaging, Integrity Medical Systems,
Inc, Fair Medical Co. Ltd., Pacific Healthcare Imaging, LLC, Hi Tech
International Group, Inc., Rhombus Medical Equipment., LLC, Everx Pvt Ltd,
Cielo Co., Ltd, US Medical Systems LLC are some of the
leading players operating in global refurbished medical equipment market.
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“North America is expected to dominate in the global refurbished medical equipment
market during the forecast period on account of the growing prevalence of
chronic diseases and a large patient pool suffering from these diseases in the
region. While Asia Pacific is expected to register highest growth in the global
refurbished medical equipment market owing to the privatization of healthcare
industry in the region. Also, increasing demand from low budget hospitals and
clinics in the region for refurbished medical equipment is further expected to
propel the market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global
Refurbished Medical Equipment Market By Type (Operating Room Equipment & Surgical Equipment,
Patient Monitors, Defibrillators, Medical Imaging Equipment, Cardiovascular
& Cardiology Equipment X-Ray Machines, Neurology Equipment, Endoscopy
Equipment, Intensive Care Systems, Neonatal Intensive Care Systems, IV Therapy
Systems, Others), By Application
(Cardiology,
Neurology, Urology, Oncology, Others),
By Source (Domestic, Import), By End user(Hospital, Diagnostic Imaging
Centers), By Company, By Region, Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global refurbished medical equipment market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global refurbished medical equipment market.
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