A Comprehensive Analysis of Key Refurbished Medical Equipment Market Players

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The global refurbished medical equipment market size is expected to reach USD 45.81 Billion in 2032 and register a steady revenue CAGR of 11.8% during the forecast period, according to latest analysis by Emergen Research. Increasing preference for eco-friendly products is a major factor driving market revenue growth of. Benefits of used medical imaging equipment for environment must be emphasized. The circular economy is supported by refurbishment, a sort of reuse and waste reduction that raises useful lifespan of medical imaging equipment from 5-7 to 10-14 years or even longer. Resources and energy required to produce new equipment are saved by refurbishment. It is critical from an environmental standpoint to maximize service life of imaging scanners due to energy and materials used throughout the production, safety testing, and regulatory compliance processes. For instance, improving Magnetic Resonance Imaging (MRI) scanners and extending their service life maximizes the return on initial investment of energy and materials.

The global Refurbished Medical Equipment market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Refurbished Medical Equipment market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Block Imaging, Inc., Soma Tech INTL, Avante Health Solutions, Hilditch Group, EverX Pty. Ltd., Integrity Medical Systems, Inc., and Radiology Oncology Systems

Research Report on the Refurbished Medical Equipment Market Addresses the Following Key Questions:

• Who are the dominant players of the Refurbished Medical Equipment market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Refurbished Medical Equipment market?
• What are the key growth drivers and restraining factors of the Refurbished Medical Equipment market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Refurbished Medical Equipment market and its key segments?

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Emergen Research has segmented the global Refurbished Medical Equipment market on the basis of type, type of care, and region

Segments Covered in this report are:

• Product Outlook (Revenue, USD Billion; 2019–2032)
  • Medical Imaging Equipment
    1. Computerized Tomography (CT) Scanners
    2. Magnetic Resonance Imaging (MRI) Machines
    3. X-Ray Machines
    4. Nuclear Imaging Systems
    5. Ultrasound Systems
    6. Other Medical Imaging Equipment
  • Operating Room & Surgical Equipment
    1. Anesthesia Machines
    2. Electrosurgical Units
    3. Operating Room Tables & Lights
    4. Surgical Displays
    5. Other Operating Room & Surgical Equipment
  • Patient Monitors
    1. Multi-Parameter Monitors
    2. Fetal Monitors
    3. Electrocardiography Devices
    4. Pulse Oximeters
    5. Mobile Cardiac Telemetry Devices
    6. Non-Invasive Blood Pressure Monitors
    7. Other Patient Monitors
  • Cardiology Equipment
    1. Defibrillators
    2. Heart-Lung Machines
    3. Other Cardiology Equipment
  • Urology Equipment
    1. Dialysis Machines
    2. Lithotripsy Devices
  • Neurology Equipment
    1. Electromyograph Machines (EMG) Machines
    2. Electroencephalography (EEG) Machines
  • Intensive Care Equipment
    1. Ventilators
    2. Infant Incubators & Warmers
  • Intravenous Therapy Systems
  • Endoscopy Equipment
  • Other Medical Equipment

• Application Outlook (Revenue, USD Billion; 2019–2032)
  • Diagnostic Applications
    1. Cardiology
    2. Urology
    3. Neurology
    4. Orthopedics
    5. Physiology
    6. Emergency Medicine
    7. Oncology
    8. Obstetrics/Gynecology
    9. Other Diagnostic Applications
  • Therapeutic Applications
    1. Cardiology
    2. Urology
    3. Neurology
    4. Orthopedics
    5. Physiology
    6. Emergency Medicine
    7. Oncology
    8. Obstetrics/Gynecology
    9. Other Therapeutic Applications

• End-Use Outlook (Revenue, USD Billion; 2019–2032)
  • Hospitals
  • Diagnostic Imaging Centers
  • Ambulatory Care Centers
  • Other End-Use

In conclusion, the Refurbished Medical Equipment Market report is an exhaustive database that will help readers formulate lucrative strategies. The Refurbished Medical Equipment Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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