Abstract
Summary
Refurbished Medical Equipment is fully tested, cleaned, calibrated and upgraded with new parts and renovation of older or damaged equipment to bring it to a workable or better-looking condition and is free of defects. The remanufacturing of medical devices is a growing phenomenon within the health-care industry. The types of devices that are currently refurbished range from machines such as neonatal monitors and anesthesia vaporizers to devices used in surgery, such as forceps, endoscopes, and cytoscopes
LPI (LP Information)' newest research report, the “Used and Refurbished Medical Devices Industry Forecast” looks at past sales and reviews total world Used and Refurbished Medical Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected Used and Refurbished Medical Devices sales for 2023 through 2029. With Used and Refurbished Medical Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Used and Refurbished Medical Devices industry.
This Insight Report provides a comprehensive analysis of the global Used and Refurbished Medical Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Used and Refurbished Medical Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Used and Refurbished Medical Devices market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Used and Refurbished Medical Devices and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Used and Refurbished Medical Devices.
The global Used and Refurbished Medical Devices market size is projected to grow from US$ 8287.4 million in 2022 to US$ 12140 million in 2029; it is expected to grow at a CAGR of 12140 from 2023 to 2029.
In the last several years, global market of Used and Refurbished Medical Equipment developed rapidly, with an average growth rate of 8% during 2015 to 2019. Emerging markets including India offer high growth potential for companies engaged in the development and distribution of refurbished medical devices. North America is the largest consumption place, with a consumption market share nearly 48.3% in 2019. Market competition is intense.
This report presents a comprehensive overview, market shares, and growth opportunities of Used and Refurbished Medical Devices market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Medical Imaging Devices
Operating Room and Surgical Devices
Patient Monitors
Cardiovascular and Cardiology Devices
Neurology Devices
Others
Segmentation by application
Hospitals and Clinic
Nursing Homes
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Healthcare
Philips Healthcare
Siemens Healthineers
Hitachi
Canon Medical
Block Imaging International
Avante Medical Surgical
Soma Technology
Integrity Medical Systems
Everx Pvt Ltd
Radiology Oncology Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global Used and Refurbished Medical Devices market?
What factors are driving Used and Refurbished Medical Devices market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Used and Refurbished Medical Devices market opportunities vary by end market size?
How does Used and Refurbished Medical Devices break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
LPI (LP Information)' newest research report, the “Used and Refurbished Medical Devices Industry Forecast” looks at past sales and reviews total world Used and Refurbished Medical Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected Used and Refurbished Medical Devices sales for 2023 through 2029. With Used and Refurbished Medical Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Used and Refurbished Medical Devices industry.
This Insight Report provides a comprehensive analysis of the global Used and Refurbished Medical Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Used and Refurbished Medical Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Used and Refurbished Medical Devices market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Used and Refurbished Medical Devices and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Used and Refurbished Medical Devices.
The global Used and Refurbished Medical Devices market size is projected to grow from US$ 8287.4 million in 2022 to US$ 12140 million in 2029; it is expected to grow at a CAGR of 12140 from 2023 to 2029.
In the last several years, global market of Used and Refurbished Medical Equipment developed rapidly, with an average growth rate of 8% during 2015 to 2019. Emerging markets including India offer high growth potential for companies engaged in the development and distribution of refurbished medical devices. North America is the largest consumption place, with a consumption market share nearly 48.3% in 2019. Market competition is intense.
This report presents a comprehensive overview, market shares, and growth opportunities of Used and Refurbished Medical Devices market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Medical Imaging Devices
Operating Room and Surgical Devices
Patient Monitors
Cardiovascular and Cardiology Devices
Neurology Devices
Others
Segmentation by application
Hospitals and Clinic
Nursing Homes
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Healthcare
Philips Healthcare
Siemens Healthineers
Hitachi
Canon Medical
Block Imaging International
Avante Medical Surgical
Soma Technology
Integrity Medical Systems
Everx Pvt Ltd
Radiology Oncology Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global Used and Refurbished Medical Devices market?
What factors are driving Used and Refurbished Medical Devices market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Used and Refurbished Medical Devices market opportunities vary by end market size?
How does Used and Refurbished Medical Devices break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Used and Refurbished Medical Devices Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Used and Refurbished Medical Devices by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Used and Refurbished Medical Devices by Country/Region, 2018, 2022 & 2029
2.2 Used and Refurbished Medical Devices Segment by Type
2.2.1 Medical Imaging Devices
2.2.2 Operating Room and Surgical Devices
2.2.3 Patient Monitors
2.2.4 Cardiovascular and Cardiology Devices
2.2.5 Neurology Devices
2.2.6 Others
2.3 Used and Refurbished Medical Devices Sales by Type
2.3.1 Global Used and Refurbished Medical Devices Sales Market Share by Type (2018-2023)
2.3.2 Global Used and Refurbished Medical Devices Revenue and Market Share by Type (2018-2023)
2.3.3 Global Used and Refurbished Medical Devices Sale Price by Type (2018-2023)
2.4 Used and Refurbished Medical Devices Segment by Application
2.4.1 Hospitals and Clinic
2.4.2 Nursing Homes
2.4.3 Other
2.5 Used and Refurbished Medical Devices Sales by Application
2.5.1 Global Used and Refurbished Medical Devices Sale Market Share by Application (2018-2023)
2.5.2 Global Used and Refurbished Medical Devices Revenue and Market Share by Application (2018-2023)
2.5.3 Global Used and Refurbished Medical Devices Sale Price by Application (2018-2023)
3 Global Used and Refurbished Medical Devices by Company
3.1 Global Used and Refurbished Medical Devices Breakdown Data by Company
3.1.1 Global Used and Refurbished Medical Devices Annual Sales by Company (2018-2023)
3.1.2 Global Used and Refurbished Medical Devices Sales Market Share by Company (2018-2023)
3.2 Global Used and Refurbished Medical Devices Annual Revenue by Company (2018-2023)
3.2.1 Global Used and Refurbished Medical Devices Revenue by Company (2018-2023)
3.2.2 Global Used and Refurbished Medical Devices Revenue Market Share by Company (2018-2023)
3.3 Global Used and Refurbished Medical Devices Sale Price by Company
3.4 Key Manufacturers Used and Refurbished Medical Devices Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Used and Refurbished Medical Devices Product Location Distribution
3.4.2 Players Used and Refurbished Medical Devices Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Used and Refurbished Medical Devices by Geographic Region
4.1 World Historic Used and Refurbished Medical Devices Market Size by Geographic Region (2018-2023)
4.1.1 Global Used and Refurbished Medical Devices Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Used and Refurbished Medical Devices Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Used and Refurbished Medical Devices Market Size by Country/Region (2018-2023)
4.2.1 Global Used and Refurbished Medical Devices Annual Sales by Country/Region (2018-2023)
4.2.2 Global Used and Refurbished Medical Devices Annual Revenue by Country/Region (2018-2023)
4.3 Americas Used and Refurbished Medical Devices Sales Growth
4.4 APAC Used and Refurbished Medical Devices Sales Growth
4.5 Europe Used and Refurbished Medical Devices Sales Growth
4.6 Middle East & Africa Used and Refurbished Medical Devices Sales Growth
5 Americas
5.1 Americas Used and Refurbished Medical Devices Sales by Country
5.1.1 Americas Used and Refurbished Medical Devices Sales by Country (2018-2023)
5.1.2 Americas Used and Refurbished Medical Devices Revenue by Country (2018-2023)
5.2 Americas Used and Refurbished Medical Devices Sales by Type
5.3 Americas Used and Refurbished Medical Devices Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Used and Refurbished Medical Devices Sales by Region
6.1.1 APAC Used and Refurbished Medical Devices Sales by Region (2018-2023)
6.1.2 APAC Used and Refurbished Medical Devices Revenue by Region (2018-2023)
6.2 APAC Used and Refurbished Medical Devices Sales by Type
6.3 APAC Used and Refurbished Medical Devices Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Used and Refurbished Medical Devices by Country
7.1.1 Europe Used and Refurbished Medical Devices Sales by Country (2018-2023)
7.1.2 Europe Used and Refurbished Medical Devices Revenue by Country (2018-2023)
7.2 Europe Used and Refurbished Medical Devices Sales by Type
7.3 Europe Used and Refurbished Medical Devices Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Used and Refurbished Medical Devices by Country
8.1.1 Middle East & Africa Used and Refurbished Medical Devices Sales by Country (2018-2023)
8.1.2 Middle East & Africa Used and Refurbished Medical Devices Revenue by Country (2018-2023)
8.2 Middle East & Africa Used and Refurbished Medical Devices Sales by Type
8.3 Middle East & Africa Used and Refurbished Medical Devices Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Used and Refurbished Medical Devices
10.3 Manufacturing Process Analysis of Used and Refurbished Medical Devices
10.4 Industry Chain Structure of Used and Refurbished Medical Devices
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Used and Refurbished Medical Devices Distributors
11.3 Used and Refurbished Medical Devices Customer
12 World Forecast Review for Used and Refurbished Medical Devices by Geographic Region
12.1 Global Used and Refurbished Medical Devices Market Size Forecast by Region
12.1.1 Global Used and Refurbished Medical Devices Forecast by Region (2024-2029)
12.1.2 Global Used and Refurbished Medical Devices Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Used and Refurbished Medical Devices Forecast by Type
12.7 Global Used and Refurbished Medical Devices Forecast by Application
13 Key Players Analysis
13.1 GE Healthcare
13.1.1 GE Healthcare Company Information
13.1.2 GE Healthcare Used and Refurbished Medical Devices Product Portfolios and Specifications
13.1.3 GE Healthcare Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 GE Healthcare Main Business Overview
13.1.5 GE Healthcare Latest Developments
13.2 Philips Healthcare
13.2.1 Philips Healthcare Company Information
13.2.2 Philips Healthcare Used and Refurbished Medical Devices Product Portfolios and Specifications
13.2.3 Philips Healthcare Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 Philips Healthcare Main Business Overview
13.2.5 Philips Healthcare Latest Developments
13.3 Siemens Healthineers
13.3.1 Siemens Healthineers Company Information
13.3.2 Siemens Healthineers Used and Refurbished Medical Devices Product Portfolios and Specifications
13.3.3 Siemens Healthineers Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 Siemens Healthineers Main Business Overview
13.3.5 Siemens Healthineers Latest Developments
13.4 Hitachi
13.4.1 Hitachi Company Information
13.4.2 Hitachi Used and Refurbished Medical Devices Product Portfolios and Specifications
13.4.3 Hitachi Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Hitachi Main Business Overview
13.4.5 Hitachi Latest Developments
13.5 Canon Medical
13.5.1 Canon Medical Company Information
13.5.2 Canon Medical Used and Refurbished Medical Devices Product Portfolios and Specifications
13.5.3 Canon Medical Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 Canon Medical Main Business Overview
13.5.5 Canon Medical Latest Developments
13.6 Block Imaging International
13.6.1 Block Imaging International Company Information
13.6.2 Block Imaging International Used and Refurbished Medical Devices Product Portfolios and Specifications
13.6.3 Block Imaging International Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 Block Imaging International Main Business Overview
13.6.5 Block Imaging International Latest Developments
13.7 Avante Medical Surgical
13.7.1 Avante Medical Surgical Company Information
13.7.2 Avante Medical Surgical Used and Refurbished Medical Devices Product Portfolios and Specifications
13.7.3 Avante Medical Surgical Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 Avante Medical Surgical Main Business Overview
13.7.5 Avante Medical Surgical Latest Developments
13.8 Soma Technology
13.8.1 Soma Technology Company Information
13.8.2 Soma Technology Used and Refurbished Medical Devices Product Portfolios and Specifications
13.8.3 Soma Technology Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 Soma Technology Main Business Overview
13.8.5 Soma Technology Latest Developments
13.9 Integrity Medical Systems
13.9.1 Integrity Medical Systems Company Information
13.9.2 Integrity Medical Systems Used and Refurbished Medical Devices Product Portfolios and Specifications
13.9.3 Integrity Medical Systems Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 Integrity Medical Systems Main Business Overview
13.9.5 Integrity Medical Systems Latest Developments
13.10 Everx Pvt Ltd
13.10.1 Everx Pvt Ltd Company Information
13.10.2 Everx Pvt Ltd Used and Refurbished Medical Devices Product Portfolios and Specifications
13.10.3 Everx Pvt Ltd Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.10.4 Everx Pvt Ltd Main Business Overview
13.10.5 Everx Pvt Ltd Latest Developments
13.11 Radiology Oncology Systems
13.11.1 Radiology Oncology Systems Company Information
13.11.2 Radiology Oncology Systems Used and Refurbished Medical Devices Product Portfolios and Specifications
13.11.3 Radiology Oncology Systems Used and Refurbished Medical Devices Sales, Revenue, Price and Gross Margin (2018-2023)
13.11.4 Radiology Oncology Systems Main Business Overview
13.11.5 Radiology Oncology Systems Latest Developments
14 Research Findings and Conclusion