Used & Refurbished Medical Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Refurbished medical equipment is used and restored devices that are equipped to be used in medical settings. Refurbishing of medical equipment is achieved by repairing, installation of certain software/hardware updates without changing the use of the original device. There has been an increasing trend of affordable medical equipment in developing countries. The refurbished equipment allows the buying of necessary devices at affordable prices, without compromising on quality.
MARKET DYNAMICS
The used & refurbished medical equipment market is driving due to cost containment pressure on healthcare organizations, a large inventory of old or used medical devices, and the rising trend of medical tourism, However, the lack of standardized policies for the use and sale of refurbished equipment are expected to hamper the growth of the global used & refurbished medical equipment market. Moreover, increasing number of diagnostic centers & hospitals is anticipated to drive demand the growth of the market for used & refurbished medical equipment market.
MARKET SCOPE
The "Used & Refurbished Medical Equipment Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of used & refurbished medical equipment market with detailed market segmentation by product. The used & refurbished medical equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in used & refurbished medical equipment market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The used & refurbished medical equipment market is segmented on the basis of product. Based on product, the market is segmented into medical imaging equipment, operating room & surgical equipment, patient monitors, cardiovascular & cardiology equipment, neurology equipment, endoscopy equipment, intensive care units, and other medical equipment.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the used & refurbished medical equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The used & refurbished medical equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting used & refurbished medical equipment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the used & refurbished medical equipment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the used & refurbished medical equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The used & refurbished medical equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting used & refurbished medical equipment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the used & refurbished medical equipment market in these regions.
MARKET PLAYERS
The report covers key developments in the used & refurbished medical equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from used & refurbished medical equipment market are anticipated to have lucrative growth opportunities in the future with the rising demand for used & refurbished medical equipment market in the global market. Below mentioned is the list of few companies engaged in the used & refurbished medical equipment market.
The report also includes the profiles of key players in used & refurbished medical equipment market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Agito medical A/S
- Avante Health Solutions
- Koninklijke Philips N.V.
- Block Imaging International, Inc.
- Everx Pvt Ltd.
- Integrity Medical systems Inc.
- Siemens Healthcare Systems
- Radio Oncology Systems Inc.
- Soma Technology
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Used And Refurbished Medical Equipment Market - By Product
1.3.2 Used And Refurbished Medical Equipment Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. USED AND REFURBISHED MEDICAL EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. USED AND REFURBISHED MEDICAL EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. USED AND REFURBISHED MEDICAL EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. USED AND REFURBISHED MEDICAL EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. USED AND REFURBISHED MEDICAL EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. USED AND REFURBISHED MEDICAL EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MEDICAL IMAGING EQUIPMENT
7.3.1. Overview
7.3.2. Medical Imaging Equipment Market Forecast and Analysis
7.3.3. X-Ray Machines Market
7.3.3.1. Overview
7.3.3.2. X-Ray Machines Market Forecast and Analysis
7.3.4. Ultrasound Systems Market
7.3.4.1. Overview
7.3.4.2. Ultrasound Systems Market Forecast and Analysis
7.3.5. MRI Machines Market
7.3.5.1. Overview
7.3.5.2. MRI Machines Market Forecast and Analysis
7.3.6. CT Scanners Market
7.3.6.1. Overview
7.3.6.2. CT Scanners Market Forecast and Analysis
7.3.7. Nuclear Imaging Systems Market
7.3.7.1. Overview
7.3.7.2. Nuclear Imaging Systems Market Forecast and Analysis
7.3.8. Other Medical Imaging Equipment Market
7.3.8.1. Overview
7.3.8.2. Other Medical Imaging Equipment Market Forecast and Analysis
7.4. OPERATING ROOM AND SURGICAL EQUIPMENT
7.4.1. Overview
7.4.2. Operating Room and Surgical Equipment Market Forecast and Analysis
7.4.3. Anesthesia Machines Market
7.4.3.1. Overview
7.4.3.2. Anesthesia Machines Market Forecast and Analysis
7.4.4. CO2 and Agent Monitors Market
7.4.4.1. Overview
7.4.4.2. CO2 and Agent Monitors Market Forecast and Analysis
7.4.5. Microscopes Market
7.4.5.1. Overview
7.4.5.2. Microscopes Market Forecast and Analysis
7.4.6. Electrosurgical Units Market
7.4.6.1. Overview
7.4.6.2. Electrosurgical Units Market Forecast and Analysis
7.4.7. Other Operating Room and Surgical Equipment Market
7.4.7.1. Overview
7.4.7.2. Other Operating Room and Surgical Equipment Market Forecast and Analysis
7.5. PATIENT MONITORS
7.5.1. Overview
7.5.2. Patient Monitors Market Forecast and Analysis
7.5.3. Multiparameter Monitors Market
7.5.3.1. Overview
7.5.3.2. Multiparameter Monitors Market Forecast and Analysis
7.5.4. Electrocardiography Devices (ECG) Market
7.5.4.1. Overview
7.5.4.2. Electrocardiography Devices (ECG) Market Forecast and Analysis
7.5.5. Pulse Oximeters Market
7.5.5.1. Overview
7.5.5.2. Pulse Oximeters Market Forecast and Analysis
7.5.6. Non-invasive Blood Pressure Monitors Market
7.5.6.1. Overview
7.5.6.2. Non-invasive Blood Pressure Monitors Market Forecast and Analysis
7.6. CARDIOVASCULAR AND CARDIOLOGY EQUIPMENT
7.6.1. Overview
7.6.2. Cardiovascular and Cardiology Equipment Market Forecast and Analysis
7.7. NEUROLOGY EQUIPMENT
7.7.1. Overview
7.7.2. Neurology Equipment Market Forecast and Analysis
7.8. ENDOSCOPY EQUIPMENT
7.8.1. Overview
7.8.2. Endoscopy Equipment Market Forecast and Analysis
7.9. INTENSIVE CARE UNITS
7.9.1. Overview
7.9.2. Intensive Care Units Market Forecast and Analysis
7.10. OTHER MEDICAL EQUIPMENT
7.10.1. Overview
7.10.2. Other Medical Equipment Market Forecast and Analysis
8. USED AND REFURBISHED MEDICAL EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Used And Refurbished Medical Equipment Market Overview
8.1.2 North America Used And Refurbished Medical Equipment Market Forecasts and Analysis
8.1.3 North America Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Product
8.1.4 North America Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Countries
8.1.4.1 United States Used And Refurbished Medical Equipment Market
8.1.4.1.1 United States Used And Refurbished Medical Equipment Market by Product
8.1.4.2 Canada Used And Refurbished Medical Equipment Market
8.1.4.2.1 Canada Used And Refurbished Medical Equipment Market by Product
8.1.4.3 Mexico Used And Refurbished Medical Equipment Market
8.1.4.3.1 Mexico Used And Refurbished Medical Equipment Market by Product
8.2. EUROPE
8.2.1 Europe Used And Refurbished Medical Equipment Market Overview
8.2.2 Europe Used And Refurbished Medical Equipment Market Forecasts and Analysis
8.2.3 Europe Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Product
8.2.4 Europe Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Used And Refurbished Medical Equipment Market
8.2.4.1.1 Germany Used And Refurbished Medical Equipment Market by Product
8.2.4.2 France Used And Refurbished Medical Equipment Market
8.2.4.2.1 France Used And Refurbished Medical Equipment Market by Product
8.2.4.3 Italy Used And Refurbished Medical Equipment Market
8.2.4.3.1 Italy Used And Refurbished Medical Equipment Market by Product
8.2.4.4 Spain Used And Refurbished Medical Equipment Market
8.2.4.4.1 Spain Used And Refurbished Medical Equipment Market by Product
8.2.4.5 United Kingdom Used And Refurbished Medical Equipment Market
8.2.4.5.1 United Kingdom Used And Refurbished Medical Equipment Market by Product
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Used And Refurbished Medical Equipment Market Overview
8.3.2 Asia-Pacific Used And Refurbished Medical Equipment Market Forecasts and Analysis
8.3.3 Asia-Pacific Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Product
8.3.4 Asia-Pacific Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Used And Refurbished Medical Equipment Market
8.3.4.1.1 Australia Used And Refurbished Medical Equipment Market by Product
8.3.4.2 China Used And Refurbished Medical Equipment Market
8.3.4.2.1 China Used And Refurbished Medical Equipment Market by Product
8.3.4.3 India Used And Refurbished Medical Equipment Market
8.3.4.3.1 India Used And Refurbished Medical Equipment Market by Product
8.3.4.4 Japan Used And Refurbished Medical Equipment Market
8.3.4.4.1 Japan Used And Refurbished Medical Equipment Market by Product
8.3.4.5 South Korea Used And Refurbished Medical Equipment Market
8.3.4.5.1 South Korea Used And Refurbished Medical Equipment Market by Product
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Used And Refurbished Medical Equipment Market Overview
8.4.2 Middle East and Africa Used And Refurbished Medical Equipment Market Forecasts and Analysis
8.4.3 Middle East and Africa Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Product
8.4.4 Middle East and Africa Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Used And Refurbished Medical Equipment Market
8.4.4.1.1 South Africa Used And Refurbished Medical Equipment Market by Product
8.4.4.2 Saudi Arabia Used And Refurbished Medical Equipment Market
8.4.4.2.1 Saudi Arabia Used And Refurbished Medical Equipment Market by Product
8.4.4.3 U.A.E Used And Refurbished Medical Equipment Market
8.4.4.3.1 U.A.E Used And Refurbished Medical Equipment Market by Product
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Used And Refurbished Medical Equipment Market Overview
8.5.2 South and Central America Used And Refurbished Medical Equipment Market Forecasts and Analysis
8.5.3 South and Central America Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Product
8.5.4 South and Central America Used And Refurbished Medical Equipment Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Used And Refurbished Medical Equipment Market
8.5.4.1.1 Brazil Used And Refurbished Medical Equipment Market by Product
8.5.4.2 Argentina Used And Refurbished Medical Equipment Market
8.5.4.2.1 Argentina Used And Refurbished Medical Equipment Market by Product
9. IMPACT OF COVID-19 PANDEMIC ON GLOBAL USED AND REFURBISHED MEDICAL EQUIPMENT MARKET
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Rest of the World
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. USED AND REFURBISHED MEDICAL EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. AGITO MEDICAL A/S
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AVANTE HEALTH SOLUTIONS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. KONINKLIJKE PHILIPS N.V.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BLOCK IMAGING INTERNATIONAL, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVERX PVT LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INTEGRITY MEDICAL SYSTEMS INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SIEMENS HEALTHCARE SYSTEMS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RADIO ONCOLOGY SYSTEMS INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOMA TECHNOLOGY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GE HEALTHCARE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Agito medical A/S
2. Avante Health Solutions
3. Koninklijke Philips N.V.
4. Block Imaging International, Inc.
5. Everx Pvt Ltd.
6. Integrity Medical systems Inc.
7. Siemens Healthcare Systems
8. Radio Oncology Systems Inc.
9. Soma Technology
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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