Refurbishment is restoration of equipment or device to a reusable condition without changing the basic specifications of the device. The global refurbished medical equipment market was valued US$ 6.3 Bn in 2017, and is expected to register a CAGR of over 9.7%. The first five-year cumulative revenue (2017-2021) is projected to be over US$ 38 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period.

Global Refurbished Medical Equipment Market: Segmental Snapshot

By type: The cardiovascular & cardiology equipment segment is expected to be fastest growing type segment in the global refurbished medical equipment market with a CAGR over 9.5% between 2017 and 2026.

By application: The hospitals segment is expected to account for highest revenue share among the application segments in the global refurbished medical equipment market, which is projected to expand at a CAGR over 9.5% over the forecast period.

By region/country: The market in North America accounted for highest revenue share in the global refurbished medical equipment market in 2016, and is expected to register a CAGR over 9.5% between 2017 and 2026.

The research report on the global refurbished medical equipment Market includes profiles of some of major companies such as Radiology Oncology Systems, Inc., Everx Pvt Ltd., Koninklijke Philips N.V., Integrity Medical Systems, Inc., Agito Medical A/S, DRE Inc., SOMA Technology, Inc., Block Imaging International, Inc., Siemens Healthineers AG, and GE Healthcare Inc.

Source of Infographics: Refurbished Medical Equipment Market Infographics By MarketResearch