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Refurbished Medical Equipment Market Estimated to Reach US$ 24.0 Bn by 2027: TMR Study

Refurbished Medical Equipment Market Estimated to Reach US$ 24.0 Bn by 2027: TMR Study
Transparency Market Research

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Raise in demand from customers from on-line distribution channels is driving the world-wide industry

Wilmington, Delaware, United States, Dec. 02, 2022 (Globe NEWSWIRE) — Transparency Sector Research Inc.As for every Transparency Industry Analysis (TMR), the worldwide refurbished professional medical devices market is anticipated to progress at CAGR of about 13.{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} through the forecast interval.

Demand for various styles of clinical equipment to handle people suffering from different disorders has increased noticeably. Nevertheless, high price has built it challenging for hospitals to obtain these solutions. This is fueling the need for refurbished clinical machines.

Demand from customers for refurbished medical equipment, this sort of as health-related reimaging devices, affected individual checking products, and operating room machines, has been mounting throughout the globe.

Leading refurbished clinical products sector gamers are partaking in approaches these kinds of as collaboration with more compact gamers to develop their presence and increase their profits.

In March 2020, GE Health care signed a collaborative agreement with Ford Motor Business, an automotive market player, to raise the manufacturing of ventilators in get to supply healthcare staff with important professional medical equipment for the treatment method of patients testing positive for the coronavirus.

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Key Findings of Sector Study

  • Increase in Item Demand from E-commerce Internet websites Fueling Refurbished Professional medical Machines Market place Growth:  Previously, offline distribution channels, these types of as healthcare facility pharmacies, were the most important resource of acquiring refurbished health care gear, looking at buyer inclination to bodily examine solutions just before earning the purchase. Nonetheless, with expansion in e-commerce business, diverse refurbished healthcare devices are witnessing greater need from on the net distribution channels, which has contributed to marketplace expansion. The very last ten years has witnessed progress in e-commerce industry and availability of refurbished medical products above on the net distribution channels has altered client choice towards getting solutions more than these channels and served sector development. Couple gains of getting products and solutions above on the net distribution channels include merchandise availability at minimized expense and doorstep delivery.

  • Rise in Refurbished Health-related Tools Demand from customers from Hospitals Augmenting Sector Growth: Hospitals emerged as the leading close-use segment of the worldwide marketplace in 2018 owing to the raise in need for refurbished health care gear from these amenities. Crucial factors for the rise in item demand from customers from hospitals involve, decline in obtain budgets of hospitals, and growth in reliance on hospitals for professional medical imaging products and services.

Refurbished Professional medical Equipment Market place – Essential Drivers

  • Increase in prevalence of distinctive chronic illnesses this sort of as cancer and diabetes is one of the vital variables driving the world sector

  • Raise in desire for health care imaging machines in many application regions this kind of as cardiovascular illnesses, oncology, and neurology is augmenting refurbished clinical products market measurement

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Refurbished Health care Tools Current market – Regional Insights

  • The TMR industry report states that North The us emerged as the leader in world wide current market for refurbished health-related machines in 2018. Easy availability of a variety of refurbished professional medical gear this kind of as multi-parameter gadgets and pulse oximeters, and existence of created health care infrastructure in nations these as the U.S. and Canada are driving the current market in the location.

  • Asia Pacific is projected to witness significant growth in the total sector during the forecast interval owing to low price of possession with regard to new machines and increase in penetration of prominent market gamers in countries these as India and China.

Refurbished Healthcare Gear Market – Key Players

Existence of quite a few major market place gamers implies that level of competition landscape in the world wide refurbished healthcare devices market is fragmented. Entry of new current market players is most likely to increase the intensity of levels of competition in the international market during the forecast time period.

Primary players in the world marketplace for refurbished professional medical machines incorporate GE Healthcare, Siemens Healthineers, and Hitachi Ltd.,

The global refurbished health-related equipment industry has been segmented as follows:

  • CT Scanners

  • MRI Methods

  • X-ray Techniques

  • Ultrasound

  • Some others

  • By Geography

  • North The us

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

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About Transparency Market place Investigation

Transparency Marketplace Investigation, a world-wide market place research organization registered at Wilmington, Delaware, United States, offers custom made analysis and consulting solutions. Our special mix of quantitative forecasting and tendencies assessment presents forward-searching insights for hundreds of choice makers. Our expert group of Analysts, Scientists, and Consultants use proprietary knowledge sources and numerous tools & strategies to collect and analyse details.

Our facts repository is repeatedly up-to-date and revised by a workforce of investigate experts, so that it normally reflects the hottest developments and facts. With a broad analysis and assessment capability, Transparency Marketplace Study employs rigorous key and secondary exploration procedures in building unique info sets and investigation product for enterprise reviews.

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