Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1519679
PUBLISHER: IMARC | PRODUCT CODE: 1519679
Refurbished Medical Equipment Market Report by Product Type, Application, End-User, and Region 2024-2032
PUBLISHED:
PAGES: 141 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global refurbished medical equipment market size reached US$ 15.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.7 Billion by 2032, exhibiting a growth rate (CAGR) of 10.5% during 2024-2032.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global refurbished medical equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, application and end-user.
Breakup by Product Type:
Medical Imaging Systems
Computed Tomography Systems
MRI Systems
X-ray, C-arm & Radiography Equipment
Ultrasound Systems
Mammography Equipment
Nuclear Medicine Devices
Others
Operating Equipment and Surgical Devices
Anesthesia Machines and Agent Monitors
Endoscopes and Microscopes
Vascular Closure Devices
Electrosurgical Units
Altherectomy Devices
Others
Others
Patient Monitoring Devices
Defibrillators
Coagulation Analyzers
Neurology Equipment
Endoscopy Equipment
Others
Breakup by Application:
Diagnostic Imaging Systems
Minimally Invasive Devices
Biotechnology Instruments
Others
Breakup by End-User:
Hospitals and Clinics
Diagnostic Centres
Ambulatory Surgical Centres
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Philips Electronics Nederland B.V., Block Imaging, EverX Pty Ltd, The General Electric Company, Integrity Medical Systems, Inc., Radiology Oncology Systems, Inc., Rad Medical Associates, Siemens Healthineers AG, and 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?
Product Code: SR112024A2002
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting 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
- 6.1 Medical Imaging Systems
- 6.1.1 Market Trends
- 6.1.2 Market Breakup by Type
- 6.1.2.1 Computed Tomography Systems
- 6.1.2.2 MRI Systems
- 6.1.2.3 X-ray, C-arm & Radiography Equipment
- 6.1.2.4 Ultrasound Systems
- 6.1.2.5 Mammography Equipment
- 6.1.2.6 Nuclear Medicine Devices
- 6.1.2.7 Others
- 6.1.3 Market Forecast
- 6.2 Operating Equipment and Surgical Devices
- 6.2.1 Market Trends
- 6.2.2 Major Types
- 6.2.2.1 Anesthesia Machines and Agent Monitors
- 6.2.2.2 Endoscopes and Microscopes
- 6.2.2.3 Vascular Closure Devices
- 6.2.2.4 Electrosurgical Units
- 6.2.2.5 Altherectomy Devices
- 6.2.2.6 Others
- 6.2.3 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Major Types
- 6.3.2.1 Patient Monitoring Devices
- 6.3.2.2 Defibrillators
- 6.3.2.3 Coagulation Analyzers
- 6.3.2.4 Neurology Equipment
- 6.3.2.5 Endoscopy Equipment
- 6.3.2.6 Others
- 6.3.3 Market Forecast
7 Market Breakup by Application
- 7.1 Diagnostic Imaging Systems
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Minimally Invasive Devices
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Biotechnology Instruments
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by End-User
- 8.1 Hospitals and Clinics
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Diagnostic Centres
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Ambulatory Surgical Centres
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Philips Electronics Nederland B.V.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Block Imaging
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Everx Pty Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 The General Electric Company
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Integrity Medical Systems, Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Radiology Oncology Systems
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Rad Medical Associates
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Siemens Healthineers AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Soma Technology Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.1 Philips Electronics Nederland B.V.
Product Code: SR112024A2002
List of Figures
- Figure 1: Global: Refurbished Medical Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Refurbished Medical Equipment Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Refurbished Medical Equipment Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Refurbished Medical Equipment Market: Breakup by Application (in %), 2023
- Figure 5: Global: Refurbished Medical Equipment Market: Breakup by End-User (in %), 2023
- Figure 6: Global: Refurbished Medical Equipment Market: Breakup by Region (in %), 2023
- Figure 7: Global: Refurbished Medical Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 8: Global: Refurbished Medical Equipment (Medical Imaging Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Refurbished Medical Equipment (Medical Imaging Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Refurbished Medical Equipment (Computed Tomography Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Refurbished Medical Equipment (Computed Tomography Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Refurbished Medical Equipment (MRI Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Refurbished Medical Equipment (MRI Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Refurbished Medical Equipment (X-ray, C-arm & Radiography Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Refurbished Medical Equipment (X-ray, C-arm & Radiography Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Refurbished Medical Equipment (Ultrasound Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Refurbished Medical Equipment (Ultrasound Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Refurbished Medical Equipment (Mammography Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Refurbished Medical Equipment (Mammography Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Refurbished Medical Equipment (Nuclear Medicine Devices) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Refurbished Medical Equipment (Nuclear Medicine Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Refurbished Medical Equipment (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Refurbished Medical Equipment (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Refurbished Medical Equipment (Operating Equipment and Surgical Devices) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Refurbished Medical Equipment (Operating Equipment and Surgical Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Refurbished Medical Equipment (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Refurbished Medical Equipment (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Refurbished Medical Equipment (Diagnostic Imaging Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Refurbished Medical Equipment (Diagnostic Imaging Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Refurbished Medical Equipment (Minimally Invasive Devices) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Refurbished Medical Equipment (Minimally Invasive Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Refurbished Medical Equipment (Biotechnology Instruments) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Refurbished Medical Equipment (Biotechnology Instruments) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Refurbished Medical Equipment (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Refurbished Medical Equipment (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Refurbished Medical Equipment (Hospitals and Clinics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Refurbished Medical Equipment (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Refurbished Medical Equipment (Diagnostic Centres) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Refurbished Medical Equipment (Diagnostic Centres) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Global: Refurbished Medical Equipment (Ambulatory Surgical Centres) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Global: Refurbished Medical Equipment (Ambulatory Surgical Centres) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Global: Refurbished Medical Equipment (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Global: Refurbished Medical Equipment (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: North America: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: North America: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: United States: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: United States: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Canada: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Canada: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Asia Pacific: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Asia Pacific: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: China: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: China: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Japan: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Japan: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: India: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: India: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: South Korea: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: South Korea: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Australia: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Australia: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Indonesia: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Indonesia: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Europe: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Europe: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Germany: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Germany: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: France: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: France: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: United Kingdom: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: United Kingdom: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Italy: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Italy: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Spain: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Spain: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Russia: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Russia: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Others: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Others: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Latin America: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Latin America: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Brazil: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Brazil: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Mexico: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 87: Mexico: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Others: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 89: Others: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 90: Middle East and Africa: Refurbished Medical Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 91: Middle East and Africa: Refurbished Medical Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 92: Global: Refurbished Medical Equipment Industry: SWOT Analysis
- Figure 93: Global: Refurbished Medical Equipment Industry: Value Chain Analysis
- Figure 94: Global: Refurbished Medical Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Refurbished Medical Equipment Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Refurbished Medical Equipment Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Refurbished Medical Equipment Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Refurbished Medical Equipment Market Forecast: Breakup by End-User (in Million US$), 2024-2032
- Table 5: Global: Refurbished Medical Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Refurbished Medical Equipment Market: Competitive Structure
- Table 7: Global: Refurbished Medical Equipment Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.