Refurbished Medical Devices Market 2021-2027
発行: Orion Market Research Pvt Ltd
Global Refurbished Medical Devices Market Size, Share & Trends Analysis Report by Type (Operating Room Equipment and Surgical Devices, Diagnostic/Imaging, Patient Monitors, Defibrillators, and Other Devices), By Application (Cardiology, Neurology, Endoscopy, and Other Applications), By End-User (Hospitals, and Private Clinics) Forecast, 2021-2027
The global refurbished medical devices market is predicted to grow significantly at a CAGR of 12.3% during the forecast period. The market is set to display impressive growth during the forecast period period with some key trends emerging, such as the rising prevalence of cancer and cardiovascular diseases, increasing privatization in the healthcare sector, rising demand for low-cost medical devices due to budgetary restrictions, and rising acceptance of refurbished medical equipment in various countries during the projected period. However, a lack of understanding about the benefits of refurbished medical devices, as well as a lack of uniformity of policies related to the sale and use of refurbished medical devices, are impeding the growth of the refurbished medical device market.
The global refurbished medical devices market hardly hit during the COVID-19 crisis as the rising need for refurbished medical devices, such as mechanical ventilators, has seen during Q1 and Q2 2020. Besides, the usage of medical imaging slightly declines due to a sudden drop in hospital visits. Furthermore, CT scanners and X-rays are not appropriate first-line diagnostic techniques for COVID-19, according to the American College of Radiology's published criteria. Also, the key players will focus on the various factors such as including the fulfillment of previous orders for refurbished medical devices by MRO and OEM clients as well.
The global refurbished devices market is segmented on the basis of type into operating room equipment and surgical devices, patient monitors, defibrillators, diagnostic/imaging, and other devices. Among these, the operating room equipment and surgical devices segment is classified into anesthesia machines, operating tables, operating lights, surgical light sources, surgical microscopes, medical gas equipment, and others. The diagnostic/imaging devices bifurcated into MRI, CT scanners, ultrasound systems, and others. The patient monitor devices are classified into ECG, fetal monitors, pulse oximeters, and others. Apart from it, based on the application, the market is segmented into cardiology, neurology, endoscopy, and other applications. The end-user segment is bifurcated into hospitals and private clinics.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific is the fastest-growing market for global refurbished medical devices. Rising support from the government and efficient reimbursement policies assist the growth of the market in the region. Further, the rising need for refurbished medical imaging equipment in emerging and developed economies like China, India, and Brazil is driving this expansion. The rising medical tourism and increasing privatization of the healthcare industry in the North America Region are to fuel the growth of the market. The key players of the global refurbished medical devices market include General electric Co., Koninklijke Philips N.V., Siemens AG, Stryker Corp., DRE Medical Inc., AGITO Medical A/S, and Soma Technology Inc., among others.
The market study of the global refurbished medical devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Global Refurbished Medical Devices Market Research and Analysis by Type
Global Refurbished Medical Devices Market Research and Analysis by Application
Global Refurbished Medical Devices Market Research and Analysis by End-user
The Report Covers
Comprehensive research methodology of the global refurbished medical devices market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global refurbished medical devices market.
Insights about market determinants that are stimulating the global refurbished medical devices market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.