Europe Refurbished Medical Devices Market – Size, Outlook, Trends, and Forecast (2024

Europe Refurbished Medical Devices Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Refurbished Medical Devices refer to the restored devices which are restored to their original conditions by either manufacturers or experts. Currently refurbished devices range from machines such as neonatal monitors to devices used in surgery like forceps and others.

Europe Refurbished Medical Devices Market Segments Size & Growth:

Europe Refurbished Medical Devices Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% during the forecast timeline 2018-2024. As refurbished medical devices market is providing high growth potential for companies in developing stage, which is indeed considered as responsible for a rapid increase in the demand for refurbished medical devices in the world market. And also increase the demand for refurbished medical devices in private healthcare sector is also a prime reason for the growth of the market. Apart from this, a large inventory of old and used medical devices, eco-friendly refurbishment process is considered as key attributes for the growth of this market. However, lack of awareness regarding benefits of refurbished medical devices, consistent regulations on import and usage of refurbished medical equipment in various counties and others are considered as major challenges for the growth of the market.

Europe Refurbished Medical Devices Market Segments Share:

Depending upon the product, this market can be segmented as medical imaging equipment, operating room & surgical equipment, patient monitors, cardiovascular & cardiology equipment, defibrillators,

Europe Refurbished Medical Devices Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

neurology equipment, neonatal intensive care equipment, intensive care systems, endoscopy equipment’s, intravenous (IV) therapy systems and others. Among various products available, medical imaging equipment is considered to have the highest market share in the world market of refurbished medical devices market. Since most healthcare facilities present in developing nations are lack of new equipment’s owing to high cost of maintenance and installation. As a result, demand for this market is rapidly increasing in various regions across the world. It is expected that in the near future, cardiovascular & cardiology equipment market segment is anticipated to grow with an accelerating CAGR for the next coming five years owing to the increase in the number of heart-related diseases and other, which is the prime factor contributing to an increase in the adoption of this equipment across the world. There are various end-users associated with the market for refurbished medical devices. Few of these include hospitals and clinics, research labs and others. Every end-user has got its significance and usage concerning the market. Europe is considered to have considerable large market expansion across the world owing to increase in the number of private healthcare systems and other across various regions of Europe. Rise in awareness regarding reuse and recycle of various equipment’s aided with solid, supportive regulatory structure play a vital role in the growth of the market.

Europe Refurbished Medical Devices Market Trends:

Allura Xper FD 20/10 – DS a product from Philips Healthcare with 2K digital imaging for high-quality distortion-free images.

Europe Refurbished Medical Devices Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Europe Refurbished Medical Devices Market are:

Ge Healthcare
Philips Healthcare
Siemens Healthineers
Block Imaging International, Inc.
Soma Technology, Inc.
DRE Medical, Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the Europe Refurbished Medical Devices Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

market. Europe Refurbished Medical

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Europe Refurbished Medical Devices Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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