Refurbished Medical Devices Market is estimated to be US$ 31.2 billion by 2030 with a CAGR of 11.8% during the forecast period

June 23, 2022

The Global Refurbished Medical Devices Market accounted for US$ 10.5 billion in 2020 and is estimated to be US$ 31.2 billion by 2030 and is anticipated to register a CAGR of 11.8%.Needles are sterile devices that used to inject medication solutions into the body. It is also used to isolate numerous types of body fluids, include blood from veins and tissues from swollen joints. Needles are made up of plastic, glass, stainless steel and PEEK materials with a pointed tip. Moreover, it is segmented on the basis of mode of administration and has broad therapeutic application. Constant product launches and rising acquisitions and mergers between manufacturers of needles and government associations are a major trend in the Global Refurbished Medical Devices Market.

The report “Global Refurbished Medical Devices Market, By Product (Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiovascular & Cardiology Equipment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030”

Key Highlights:

In 2020, Siemens Healthineers (Germany) and Hamilton Health Sciences (Canada) have signed a 15 years contract which will be extended by another 10 years to supply comprehensive services for the newest imaging equipment at Hamilton Health Sciences hospitals in Canada. The deal size was approximately USD 192 million.
In 2019, US Med-Equip (US) acquired Medical Support Products (US) to extend the potential, national expansion, and supply greater product and repair solutions across the US.
In 2018, Koninklijke Philips (Netherlands) acquired AGITO Medical (Denmark), strengthening its refurbished medical equipment portfolio of products, parts, and services.
Analyst View:

The rise in number of new hospitals that are electing for alternate options to cut down on the investments of money. Using refurbished devices can be affordable and available for also below economy class people. This is the major propelling factor for the growth of the target market. Rise in advancement and increasing the emerging technologies, the trend of using affordable buying devices that is refurbished medical devices has been an increasing which is the boosting factor for the growth of the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Refurbished Medical Devices Market, By Product (Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiovascular & Cardiology Equipment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030”

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https://www.prophecymarketinsights.com/market_insight/Global-Refurbished-Medical-Devices-Market-4217

Key Market Insights from the report:

The Global Refurbished Medical Devices Market accounted for US$ 10.5 billion in 2020 and is estimated to be US$ 31.2 billion by 2030 and is anticipated to register a CAGR of 11.8%. The Global Refurbished Medical Devices Market is fragmented on the basis of product, and region.

By Product, the Global Refurbished Medical Devices Market is segmented into Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiovascular & Cardiology Equipment, and Others.
By region, the Global Refurbished Medical Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to dominate the target market over the forecast period due to increasing incident of the various chronic disease.
Competitive Landscape:

The key players operating the global refurbished medical devices market includes Agito medical A/S, Avante Health Solutions, Block Imaging International, Inc., Everx Pvt. Ltd., GE Healthcare, Integrity Medical systems Inc., Koninklijke Philips N.V., Radio Oncology Systems Inc., Siemens Healthcare Systems, and Soma Technology.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis

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