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The refurbished medical equipment market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 12%, as per The Business Research Company’s market report!

Read More On The Refurbished Medical Equipment Market Report 2022 – https://www.thebusinessresearchcompany.com/report/refurbished-medical-equipment-global-market-report

The Refurbished Medical Equipment Market Size In 2022 And Forecast
The global refurbished medical equipment market is expected to grow from $10.77 billion in 2020 to $12.52 billion in 2021 at a compound annual growth rate (CAGR) of 16.29%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The refurbished medical equipment market is expected to reach $20.28 billion in 2025 at a CAGR of 12.8%.

The refurbished medical equipment market consists of sales of refurbished medical equipment by entities (organizations, sole traders, and partnerships) that manufacture refurbished medical equipment.

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Increase In The Prevalence Of Cancer And Cardiovascular Diseases Is Driving The Growth Of The Refurbished Medical Equipment Market
For instance, according to GLOBOCAN 2020: New Global Cancer Data released by the International Agency for Research on Cancer (IARC), the global cancer burden had increased to 19.3 million cases and 10 million cancer deaths in 2020. Additionally, according to the World Heart Federation 2019, cardiovascular disease is responsible for 17.9 million deaths every year. Refurbished medical equipment is used for screening, diagnosis, staging, and follow-up of many diseases including several cancers, cardiovascular disorders, and others. Thus, the rising prevalence of cancer and cardiovascular diseases was a major factor driving the refurbished medical equipment market’s growth.

Competitive Landscape And The Regional Analysis Of The Refurbished Medical Equipment Market
Major players in the refurbished medical equipment market are GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V, Integrity Medical Systems Inc., Soma Technology, Radio Oncology Systems Inc., Everx Pvt. Ltd, Canon Medical Systems Corporation, Hilditch Group, Block Imaging International Inc., Master Medical Equipment, FlexrayMedical ApS, Rhombus Medical Equipment LLC, and US Medical Systems LLC.

The Refurbished Medical Equipment Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the refurbished medical equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the refurbished medical equipment market.

Undertaking Strategic Alliances – A Key Trend In The Refurbished Medical Equipment Market
Major companies are undertaking strategic alliances to maintain their strong foothold in the refurbished medical equipment market.

Refurbished Medical Equipment Market Segmentation By The Business Research Company

1) By Product: Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiology Equipment, Urology Equipment, Neurology Equipment, Intensive Care Equipment, Endoscopy Equipment, IV Therapy Systems, Others

2) By Application: Diagnostic, Therapeutic

3) By End User: Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers, Others

Here Are Some Reports Related To The Refurbished Medical Equipment Market –

Medical Equipment Global Market Report 2022

Healthcare Personal Protective Equipment Global Market Report 2022

Patient Handling Equipment Global Market Report 2022

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