Refurbished Medical Equipment Market To Report Impressive Growth, Revenue To Surge To US$13.11 Billion By 2022

11-Dec-2017 | Zion Market Research

With the presence of a large pool of participants, the Global refurbished medical equipment market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Philips Healthcare, GE Healthcare, Siemens Healthineers, Agito Medical A/S, and DRE Medical Incorporation are some of the key vendors of refurbished medical equipment across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the refurbished medical equipment market study.

In a key event that can contribute significantly towards refurbished medical equipment market value, in September 2018, TriMedx LLC—a clinical engineering & medical equipment lifecycle management services providing firm—announced the acquisition of Aramark’s Healthcare Technologies unit for US$ 300 million. Reportedly, the purchase is anticipated to enlarge TRIMEDX’s customer base that is projected to improve its clinical and financial results, as well as equipment security and compliance.

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As estimated in this report, the global refurbished medical equipment market stood at US$ 6.47 billion in 2016. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this refurbished medical equipment market is expected to reach US$ 13.11 billion by the end of the forecast period. The main products available in this refurbished medical equipment market are operating room equipment & surgical equipment, patient monitors, medical imaging equipment, defibrillators, cardiovascular & cardiology equipment, neurology equipment, endoscopy equipment, intensive care systems, neonatal intensive care systems, IV therapy systems, and other equipments. Among them, the demand for patient monitors is relatively higher and the trend is anticipated to remain so over the next few years, notes the refurbished medical equipment market research report.

Browse the full " Refurbished Medical Equipment Market by Product (Operating Room Equipment & Surgical Equipment, Patient Monitors, Medical Imaging Equipment, Defibrillators, Cardiovascular & Cardiology Equipment, Neurology Equipment, Endoscopy Equipment, Intensive Care Systems, Neonatal Intensive Care Systems, IV Therapy Systems, and Other Equipments): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022" report at http://www.zionmarketresearch.com/report/refurbished-medical-equipment-market
 

Awareness About Cost-Efficiency Of Equipment To Spur Market Growth

“Meteorically rising geriatric population along with growing cases of chronic ailments is anticipated to influence the growth graph of refurbished medical equipment market in the years ahead,” says the author of this study. Apart from this, large patient population base in emerging countries along with growing awareness about the cost-efficiency of the product among the patients in these regions is anticipated to drive the expansion of refurbished medical equipment market over the forthcoming years.

Presence of Developed Healthcare Infrastructure to Aid Regional Dominance

Regionally, North America has been leading the worldwide refurbished medical equipment market and is anticipated to continue on the dominant position in the years to come, states the refurbished medical equipment market study. The presence of a well-developed medical and healthcare infrastructure along with favorable compensation policies is the main factor behind the dominance of the North America refurbished medical equipment market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional market. In addition, supportive government laws for use and sale of refurbished medical equipment is anticipated to chart a profitable growth map for refurbished medical equipment market in the region.

The global refurbished medical equipment market is segmented as follows:

By Product

  • Operating Room Equipment & Surgical Equipment 
  • Patient Monitors 
  • Medical Imaging Equipment 
  • Defibrillators  
  • Cardiovascular & Cardiology Equipment  
  • Neurology Equipment 
  • Endoscopy Equipment
  • Intensive Care Systems 
  • Neonatal Intensive Care Systems 
  • IV Therapy Systems
  • Other Equipments

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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