Refurbished Medical Equipment Market

Published By: Zion Market Research
Global Refurbished Medical Equipment Market Forecast to
reach approximately US$ 13.11 Bn by 2022
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Refurbished Medical Equipment Market
Refurbished medical equipment market is expected to witness a significant growth in the coming five
years owing to the large patient population base coupled with increasing chronic diseases ( Cancer,
cardiovascular diseases and etc.) globally. For example; as per the International Cardiovascular Disease
Statistic; it’s been projected that by 2020, chronic diseases will account for almost three-fourths of all
deaths. 71% of deaths due to ischemic heart disease, 75 percent due to stroke and 70% due to diabetes
will occur in developing countries, 60 percent of the burden of chronic diseases will occur in developing
countries and cardiovascular disease is now more numerous in India and China than in all economically
developed countries in the world added together. So the medical institutions and healthcare professionals
must ensure that their medical equipment meets the needs of every patient. New medical equipment can
cost thousands and thousands of dollars. So to meet the demand and to provide patients with the best
quality of care possible, refurbished medical equipment are becoming so popular.
Increasing incidences of cardiovascular diseases (CVD) and other chronic diseases, development of
better healthcare infrastructure and more efficient healthcare technologies are some of the driving factors
for the growth in this market in coming five years. In addition, the benefits of refurbished medical
equipment such as cost-effectiveness and increased successful outcomes are expected to foster the
growth in this market. Furthermore, increasing number of partnerships and agreements among original
equipment manufacturers and third-party refurbishes. However, lack of awareness about the benefits of
refurbished medical equipment is expected to hamper the growth in this market. In spite of these barriers,
emerging markets in developing regions can be an opportunity in this market.
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Refurbished Medical Equipment Market
The global market for refurbished medical equipment is segmented on the basis of product and region.
On the basis of product, the global market for refurbished medical equipment can be categorized into;
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. This
segment is expected to dominate by the patient monitor equipment by accounting for the largest share in
the market owing to increasing awareness about chronic diseases and technological advancements to
develop more innovative products.
In terms of geography, refurbished medical equipment market can be segmented into North America,
Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major
countries including China, Japan, India, U.S. Germany, France, UK, and Brazil. North America is
anticipated to dominate the refurbished medical equipment market by capturing the largest market share
within the forecast period owing to the increasing geriatric population coupled with the increasing
incidences of chronic diseases. For example, U.S. Census Bureau, 2013, in North America, population
aged 65 and over is projected to reach 20.7% by 2030 and 21.4% by 2050 of the total world population.
Europe is expected to follow the North America in this market within the forecast period. Refurbished
medical equipment market of Europe is undergoing tremendous changes with increasing expenditure for
healthcare infrastructure.
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Asia Pacific is expected to witness the fastest growth with the highest CAGR in the coming five years.
Major driving factors in this region are increasing medical expenditure and raising awareness about
refurbished medical devices. Latin America and Middle East & Africa are expected to show a healthy
market growth for refurbished medical equipment within the forecast period. Especially in Brazil, the high

Refurbished Medical Equipment Market
growth rate in the over-60 population over the next 15 years and increasing prevalence of chronic
diseases are expected to fuel the market growth in this market.
Some of the key players of refurbished medical equipment market such as Philips Healthcare, GE
Healthcare, Siemens Healthineers, Agito Medical A/S, DRE Medical, Inc., Block Imaging International,
Inc., Radiology Oncology Systems, Inc., Soma Technology, Inc., Everx Pvt Ltd. and Integrity Medical
Systems, Inc. among others.
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Zion Market Research
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States
Tel: +1-386-310-3803 GMT
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)
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