Global Refurbished Medical Equipment Market (2021 to 2026) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Refurbished Medical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global refurbished medical equipment market reached a value of US$ 10.8 Billion in 2020. Looking forward, the publisher expects the market to grow at a CAGR of 12.3% during 2021-2026.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Refurbished medical equipment refers to devices that have been restored to a reusable condition without changing their original specifications. The process of refurbishment involves the uninstallation of an old machine and a thorough servicing of all parts, followed by disinfecting, cleaning, painting and replacement of damaged or old components. The device is then sold at a considerably lower price in comparison to a new machine. Owing to these benefits, refurbished equipment finds extensive applicability across hospitals, clinics and other healthcare institutions.

The increasing privatization of the healthcare sector, along with the growing requirement for low-cost medical services, is one of the key factors driving the market growth. Furthermore, factors such as the increasing prevalence of chronic diseases and rising geriatric population are also providing a boost to the market growth. Healthcare centers are increasingly opting for alternatives to procure inexpensive medical equipment to offer a wide variety of affordable treatment services to their patients without compromising on the quality. Additionally, the expanding population base suffering from critical ailments across the globe, such as cancer and cardiovascular diseases (CVDs) is also augmenting the market growth. Also, there is widespread adoption of refurbished equipment by private hospitals in the emerging nations owing to budget constraints. Moreover, the integration of devices with the Internet of Things (IoT) and extensive efforts by both government and non-governmental organizations (NGO) to make quality healthcare facilities accessible to all, are also projected to drive the market further.

Companies Mentioned

• AGITO Medical
• Block Imaging
• Everx Pty Ltd
• GE Healthcare
• Integrity Medical Systems
• Radiology Oncology Systems
• Radmedical
• Siemens Healthineers AG
• Soma Technology Inc.

Key Questions Answered in This Report:

• How has the global refurbished medical equipment market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global refurbished medical equipment market?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end-user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global refurbished medical equipment market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Refurbished Medical Equipment Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Product Type

7 Market Breakup by Application

8 Market Breakup by End-User

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Indicators

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/qxaceq

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