Global Outlook for Refurbished Medical Equipment Forecasts Growth over USD 9 Billion

The report focuses on the market penetration of refurbished medical devices, market development, market diversification, and a competitive assessment.

The market is expected to grow from 2014 to 2019 at a Compound Annual Growth Rate (CAGR) of 12.5%. The largest share of the market, 48%, was held by North America in 2014. The highest CAGR growth, 13.7% from 2014 through to 2019, is expected in the Asia-Pacific region. Growth in the Asia-Pacific region is expected to be driven by an increase in the number of hospitals, and surgical centers, increasing privatization, and an increasing focus of refurbished equipment manufacturers on this market. Drivers of growth in all regions include a rise in lifestyle diseases such as cancer, an aging population, and a rise in demand partly due to increasingly favorable regulatory scenarios and reduced insurance reimbursements for imaging exams. The market was held back by a lack of trust in the quality of refurbished medical products from some buyers.

GE Healthcare (Chalfont St Giles, Buckinghamshire, UK) Royal Philips Healthcare (Amsterdam, The Netherlands), and Siemens Healthcare (Erlangen, Germany) accounted for approximately 41% of the market.

The report was published by Research and Markets (Dublin, Ireland).

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