Refurbished Medical Equipment Market

Refurbished Medical Equipment Market (Product: Medical Imaging Equipment, Operating Room Equipment, Patient Monitoring Devices, and Others; Application: Cardiology, Respiratory and Gastroenterology, Neonatal Care, Orthopedic, and Others; and End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Stocking Refurbished Medical Inventories Prepares Hospitals to Tackle COVID-19 Pandemic

Coronavirus (COVID-19) has exposed the vulnerability of healthcare systems worldwide. With the ongoing shortage of PPE (Personal Protective Equipment), there is an unprecedented demand for used and refurbished medical equipment such as ventilators and other critical care equipment. Hence, companies in the refurbished medical equipment market are capitalizing on this trend, since the Government of India has lifted the import ban on used and refurbished medical equipment. The Union Environment Ministry of India announced that it has relaxed the country’s import ban up to September 2020 to support hospitals in need of ventilators.

The healthcare system in India refurbished medical equipment market is increasing efforts to increase the inventory of ventilators in order to enhance preparedness against the COVID-19 pandemic. Though stringent regulations prohibit the use of waste materials in India, health ministry are making an exception by lifting the import ban to tackle uncertainties associated with the pandemic.

refurbished medical equipment infographic

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Used Versus Refurbished Medical Equipment: Which is better?

Individuals have a common misconception that used and refurbished medical equipment is the same. However, refurbished medical equipment are restored according to factory specifications. On the other hand, purchasing used medical equipment is less expensive. Companies in the refurbished medical equipment market are reaping incremental benefits, as healthcare systems plan on cost savings by purchasing refurbished medical products.

Companies in the refurbished medical equipment market make sure that the equipment are tested, repaired, and pass the inspection test before handing it over to healthcare practitioners. For instance, Soma Technology— a medical equipment supplier in Connecticut, has an extensive product profile in medical imaging equipment and operating room equipment. As such, the revenue of medical imaging equipment and patient monitoring devices is projected for exponential growth in the market landscape.

Hospitals in India with Budgetary Constraints Opt for Refurbished Medical Products

Companies in the refurbished medical equipment market are exploring untapped opportunities in developing economies. India being one of the rapidly growing economies of Asia Pacific is creating a demand for affordable medical equipment. This is evident since the refurbished medical equipment market revenue in Asia Pacific is expected to grow at an aggressive pace, where the global market is projected to reach a value of ~US$ 24 Bn by the end of 2027.

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The healthcare sector is witnessing better growth in tier 2 and tier 3 cities of India, which involves semi-urban and rural population looking for affordable treatment and care. This trend has sparked the demand for refurbished medical equipment in order to keep the cost of setting up hospitals at a reasonable budget. Already pre-owned, second-hand and refurbished medical equipment hold a significant share of the India medical equipment sector. Imaging and critical care equipment are among the popular choices for owning refurbished medical products.

Investing in Advanced Refurbishing Facilities Overcomes Issues Associated with Downtime of Equipment

The refurbished medical equipment market is estimated to register a striking CAGR of ~13% during the forecast period. However, costs involved in maintaining the uptime of refurbished medical equipment is prohibitively expensive for budget-constrained healthcare systems. Moreover, many sellers are ignorant to invest in fulfilling the requirements of sustained performance mandatory in refurbished products. This has tarnished the reputation of other reliable companies in the refurbished medical equipment market, which is likely to hamper market growth. Hence, companies are increasing awareness to only buy refurbished products from trusted and reliable sellers.

Key market players invest in people skills and training to maintain optimum performance of refurbished medical equipment. They are increasing spending in state-of-the-art refurbishing facilities and stock of spares to bolster their credibility credentials in the global healthcare landscape. OEMs such as GE, Siemens, Toshiba, and Philips are gaining increased visibility, owing to their investments in refurbishing facilities. Market players are complying with regulatory standards of every country they operate in to boost their credibility in the global market landscape.

refurbished medical equipment segmentation

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Analysts’ Viewpoint

Hospitals in the India refurbished medical equipment market are stocking refurbished medical inventories such as ventilators to be better prepared for undetermined times of the COVID-19 era. Similarly, healthcare systems in small cities of India are investing in refurbished medical products to align with low budget set up costs of hospitals.

Imaging and critical care equipment such as heart-lung machines are growing increasingly popular in hospital environments. However, high costs associated with uptime and optimum maintenance of products have led to a reluctance in the adoption of refurbished products. Hence, companies should increase awareness about the warranty of products and encourage practitioners to purchase refurbished goods only from trusted and reliable sellers who invest in state-of-the-art refurbishing facilities.

Refurbished Medical Equipment Market: Overview

  • The global refurbished medical equipment market was valued at ~US$ 8 Bn in 2018 and is projected to expand at a high CAGR from 2019 to 2027. Rise in prevalence of various chronic conditions such as cardiology, respiratory & gastroenterology, neonatal condition, orthopedic, gynecology, and other conditions; stringent regulatory scenarios for refurbished medical equipment, favorable reimbursement policies; rising mergers & acquisitions; and presence of key players, especially in developing countries, are anticipated to propel the global refurbished medical equipment market.
  • Refurbished medical equipment are the restored or repaired devices, which involves   repairing, reconditioning, or software or hardware installation without removing the original device. The refurbished medical equipment includes medical imaging equipment, operating room equipment, and patient monitoring devices. The equipment falling under the above categories are MRI scanner X ray machine, heart-lung machines, and other devices. Growing burden of various diseases across the globe and rising admission of patient population are expected to boost the need for the refurbished medical equipment. The original cost of the medical equipment incurs higher cost and thus, demand of the low cost medical equipment to be used at hospitals, and specialty centers is likely to propel the refurbished medical equipment market.
  • According to research, rise in prevalence of various chronic diseases is likely to increase the need of medical equipment, which, in turn, would boost the demand for refurbished medical equipment. CVD accounts for 45% of all deaths in Europe and 37% of all deaths in the European Union. CVD is the leading cause of death in men in all but 12 countries in Europe and is the primary cause of death in women in all but two countries. Moreover, in 2017, coronary heart disease, the most common heart disease, accounted for 365,914 deaths in the U.S. Moreover, around 18.2 million adults aged 20 and older are estimated to be suffering from coronary heart disease. This is expected to drive the refurbished medical equipment market in the region. The stringent regulations across the globe for refurbishing the medical equipment are likely to set the good standard and procedure for the manufacturers to develop refurbished medical equipment.

Refurbished Medical Equipment Market: Segmentation

  • The global refurbished medical equipment market has been segmented based on product, application, end user, and region
  • In terms of product, the global refurbished medical equipment market has been classified into medical imaging equipment, operating room equipment, patient monitoring devices, and others. Medical imaging equipment is further classified into X-ray systems, ultrasound systems, MRI scanners, CT scanner, and others. Operating room equipment is further segmented into heart-lung machines, defibrillators, anesthesia machines, electrosurgical units, and others. Patient monitoring devices is further classified into multi-parameter monitors, electrocardiography devices (ECG), pulse oximeters, neonatal monitors, and others. The medical imaging equipment segment is estimated to account for largest share of the market, owing to the increase in application of medical imaging equipment in diagnosis of neurological, cardiovascular, skeletomuscular, and oncology conditions is estimated to augment the adoption of medical imaging equipment across the globe. Moreover, introduction of Open MRI scanners has augmented the acceptance of refurbished MRI systems. Increase in demand for MRI scanners in emerging markets and quality support from OEMs for refurbished MRI scanners are estimated to boost the MRI scanner sub-segment.
  • Based on application, the global refurbished medical equipment is further classified into cardiology, respiratory & gastroenterology, neonatal care, orthopedic, and others. The cardiology segment accounted for the major share of the global refurbished medical equipment market in 2018. The segment is projected to expand at a high CAGR during the forecast period. This can be attributed to rise in patient population at global level.  According to the American Heart Association, between 2013 and 2016121.5 million adults in U.S. suffered from cardiovascular diseases.
  • Based on end-user, the global refurbished medical equipment market has been divided into hospitals, diagnostic centers, ambulatory surgical centers, and others. The hospitals segment dominated the global refurbished medical equipment market in 2018, owing to dependency on hospitals for access to medical imaging services. Furthermore, budget constraints in hospitals, reduced patient flow, and demand for low cost of ownership are driving hospitals to adopt refurbished medical equipment.

Refurbished Medical Equipment Market: Regional Segmentation

  • In terms of region, the global refurbished medical equipment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global refurbished medical equipment market in 2018, owing to high prevalence and incidences of chronic diseases in the U.S. and Canada, strong base of medical device companies in the U.S., and easy availability of refurbished medical equipment with upgraded technology in the region. These factors are expected to propel the market in North America in the next few years. Moreover, growing trend of privatization in the industry and strong presence of the distributors are likely to drive the market in the region during forecast period. Europe is likely to account for the second largest share of the global refurbished medical equipment market, followed by Asia Pacific. The attributable factors are vast base of technologically obsolete CT and MRI scanners in Europe and amended policies and regulations regarding radiation dose management.
  • Moreover, presence of strong distribution channels, direct sales, and focus of key players operating in the refurbished medical equipment market are projected to propel the market in the region in the near future
  • In Asia Pacific, the refurbished medical equipment market is likely to grow at a faster pace, owing to the lower cost of the refurbished medical equipment and increase in market penetration by companies as well as by establishing manufacturing facilities and distribution channels in the region. For instance, India is anticipated to be a lucrative market for medical devices, owing to the expansion of the health care sector and favorable government guidelines.

Refurbished Medical Equipment Market: Major Players

  • Key players operating in the global refurbished medical equipment market are established companies offering refurbished medical instruments across the globe. These include 
    • Siemens Healthineers AG
    • GE Healthcare
    • Canon Medical Systems Corporation
    • Koninklijke Philips N.V
    • Atlantis Worldwide, LLC
    • Block Imaging International, Inc.
    • Shimadzu Corporation
    • Hitachi, Ltd.
  • These players are focused on adopting various organic and inorganic growth strategies to expand geographic presence, strengthen distribution network, and adapting to established guidelines, favorable reimbursement policies offering refurbished products across the globe. Companies entering into merger & acquisition and collaborating with other players and distributors are likely to boost the refurbished medical equipment market. New regulatory guidelines with policies would offer ample opportunities for hospitals and diagnostic centre to adopt advance imaging equipment systems.

Refurbished Medical Equipment Market – Segmentation

Product

  • Medical Imaging Equipment
    • X-ray Systems
    • Ultrasound Systems
    • MRI Scanners
    • CT Scanner
    • Others
  • Operating Room Equipment
    • Heart-lung  Machines
    • Defibrillators
    • Anesthesia Machines
    • Electrosurgical Units
    • Others
  • Patient Monitoring Devices
    • Multi-parameter Monitors
    • Electrocardiography Devices (ECG)
    • Pulse Oximeters
    • Neonatal Monitors
    • Others

Application

  • Cardiology
  • Respiratory and Gastroenterology
  • Neonatal Care
  • Orthopedic
  • Others

End User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

What is the total worth of refurbished medical equipment market?

Refurbished medical equipment market to reach the valuation of ~US$ 24 Bn by 2027

What is the anticipated CAGR of refurbished medical equipment market in forecast period?

Refurbished medical equipment market is predicted to expand at a CAGR of ~13% from 2019 to 2027

What are the key driving factor for growth of refurbished medical equipment market?

Refurbished medical equipment market is driven by rise in prevalence of various chronic conditions

Which region is expected to project highest market share in refurbished medical equipment market?

North America accounted for a major share of the global refurbished medical equipment market

Who are the key players in the global refurbished medical equipment market?

Key players in the refurbished medical equipment market include Siemens Healthineers AG, Hitachi, Ltd., GE Healthcare, Shimadzu Corporation, Koninklijke Philips N.V

    1. Preface

         1.1. Market Definition and Scope

         1.2. Market Segmentation

         1.3. Key Research Objectives

         1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary : Global Refurbished Medical Equipment Market

    4. Market Overview

         4.1. Introduction

             4.1.1. Market Definition

             4.1.2. Industry Evolution / Developments

         4.2. Overview

         4.3. Market Dynamics

             4.3.1. Drivers

             4.3.2. Restraints

             4.3.3. Opportunities

         4.4. Global Refurbished Medical Equipment Market Analysis and Forecast, 2017–2027

             4.4.1. Market Revenue Projections (US$ Mn)

    5. Market Outlook

         5.1. Global Installed base of CT scanners, MRI Machines, PET Scanners, by key region

         5.2. Good Refurbishment Practices for Medical Imaging Equipment

         5.3. Import Scenario of Refurbished Medical Devices

         5.4. Strategic development and Key Mergers & Acquisitions 

         5.5. Regulatory Scenario, by Region/globally

         5.6. Pricing Analysis 

         5.7. Key Vendors & Distributors 

    6. Global Refurbished Medical Equipment Market Analysis and Forecast, by Product 

         6.1. Introduction & Definition

         6.2. Key Findings / Developments

         6.3. Market Value Forecast, by Product, 2017–2027

             6.3.1. Medical Imaging Equipment

                 6.3.1.1. X-ray Systems

                 6.3.1.2. Ultrasound Systems

                 6.3.1.3. MRI Scanners

                 6.3.1.4. CT Scanner 

                 6.3.1.5. Others 

             6.3.2. Operating Room Equipment

                 6.3.2.1. Heart-lung  Machines

                 6.3.2.2. Defibrillators

                 6.3.2.3. Anesthesia Machines

                 6.3.2.4. Electrosurgical Units

                 6.3.2.5. Others

             6.3.3. Patient Monitoring Devices

                 6.3.3.1. Multi-parameter Monitors

                 6.3.3.2. Electrocardiography Devices (ECG)

                 6.3.3.3. Pulse Oximeters

                 6.3.3.4. Neonatal Monitors

                 6.3.3.5. Others

             6.3.4. Others 

         6.4. Market Attractiveness, by Product 

    7. Global Refurbished Medical Equipment Market Analysis and Forecast, by Application 

         7.1. Introduction & Definition

         7.2. Key Findings / Developments

         7.3. Market Value Forecast, by Application, 2017–2027

             7.3.1. Cardiology

             7.3.2. Respiratory and Gastroenterology

             7.3.3. Neonatal Care

             7.3.4. Orthopedic

             7.3.5. Others 

         7.4. Market Attractiveness, by Application 

    8. Global Refurbished Medical Equipment Market Analysis and Forecast, by End-user 

         8.1. Introduction & Definition

         8.2. Key Findings / Developments

         8.3. Market Value Forecast, by End-user, 2017–2027

             8.3.1. Hospitals

             8.3.2. Diagnostic Centers

             8.3.3. Ambulatory Surgical Centers

             8.3.4. Others 

         8.4. Market Attractiveness, by End-user 

    9. Global Refurbished Medical Equipment Market Analysis and Forecast, by Region

         9.1. Key Findings

         9.2. Market Value Forecast, by Region

             9.2.1. North America 

             9.2.2. Europe 

             9.2.3. Asia Pacific 

             9.2.4. Latin America 

             9.2.5. Middle East & Africa 

         9.3. Market Attractiveness, by Country/Region

    10. North America Refurbished Medical Equipment Market Analysis and Forecast

         10.1. Introduction

             10.1.1. Key Findings

         10.2. Market Value Forecast, by Product, 2017–2027

             10.2.1. Medical Imaging Equipment

                 10.2.1.1. X-ray Systems

                 10.2.1.2. Ultrasound Systems

                 10.2.1.3. MRI Scanners

                 10.2.1.4. CT Scanner 

                 10.2.1.5. Others 

             10.2.2. Operating Room Equipment

                 10.2.2.1. Heart-lung  Machines

                 10.2.2.2. Defibrillators

                 10.2.2.3. Anesthesia Machines

                 10.2.2.4. Electrosurgical Units

                 10.2.2.5. Others

             10.2.3. Patient Monitoring Devices

                 10.2.3.1. Multi-parameter Monitors

                 10.2.3.2. Electrocardiography Devices (ECG)

                 10.2.3.3. Pulse Oximeters

                 10.2.3.4. Neonatal Monitors

                 10.2.3.5. Others

             10.2.4. Others 

         10.3. Market Value Forecast, by Application, 2017–2027

             10.3.1. Cardiology

             10.3.2. Respiratory and Gastroenterology

             10.3.3. Neonatal Care

             10.3.4. Orthopedic

             10.3.5. Others 

         10.4. Market Value Forecast, by End-user, 2017–2027

             10.4.1. Hospitals

             10.4.2. Diagnostic Centers

             10.4.3. Ambulatory Surgical Centers

             10.4.4. Others 

         10.5. Market Value Forecast, by Country, 2017–2027

             10.5.1. U.S.

             10.5.2. Canada

         10.6. Market Attractiveness Analysis 

             10.6.1. By Product 

             10.6.2. By Application 

             10.6.3. By End-user 

             10.6.4. By Country

    11. Europe Refurbished Medical Equipment Market Analysis and Forecast

         11.1. Introduction

             11.1.1. Key Findings

         11.2. Market Value Forecast, by Product, 2017–2027

             11.2.1. Medical Imaging Equipment

                 11.2.1.1. X-ray Systems

                 11.2.1.2. Ultrasound Systems

                 11.2.1.3. MRI Scanners

                 11.2.1.4. CT Scanner 

                 11.2.1.5. Others 

             11.2.2. Operating Room Equipment

                 11.2.2.1. Heart-lung  Machines

                 11.2.2.2. Defibrillators

                 11.2.2.3. Anesthesia Machines

                 11.2.2.4. Electrosurgical Units

                 11.2.2.5. Others

             11.2.3. Patient Monitoring Devices

                 11.2.3.1. Multi-parameter Monitors

                 11.2.3.2. Electrocardiography Devices (ECG)

                 11.2.3.3. Pulse Oximeters

                 11.2.3.4. Neonatal Monitors

                 11.2.3.5. Others

             11.2.4. Others 

         11.3. Market Value Forecast, by Application, 2017–2027

             11.3.1. Cardiology

             11.3.2. Respiratory and Gastroenterology

             11.3.3. Neonatal Care

             11.3.4. Orthopedic

             11.3.5. Others 

         11.4. Market Value Forecast, by End-user, 2017–2027

             11.4.1. Hospitals

             11.4.2. Diagnostic Centers

             11.4.3. Ambulatory Surgical Centers

             11.4.4. Others 

         11.5. Market Value Forecast, by Country/Sub-region, 2017–2027

             11.5.1. Germany

             11.5.2. U.K.

             11.5.3. France

             11.5.4. Spain

             11.5.5. Italy

             11.5.6. Rest of Europe

         11.6. Market Attractiveness Analysis 

             11.6.1. By Product 

             11.6.2. By Application 

             11.6.3. By End-user 

             11.6.4. By Country/Sub-region

    12. Asia Pacific Refurbished Medical Equipment Market Analysis and Forecast

         12.1. Introduction

             12.1.1. Key Findings

         12.2. Market Value Forecast, by Product, 2017–2027

             12.2.1. Medical Imaging Equipment

                 12.2.1.1. X-ray Systems

                 12.2.1.2. Ultrasound Systems

                 12.2.1.3. MRI Scanners

                 12.2.1.4. CT Scanner 

                 12.2.1.5. Others 

             12.2.2. Operating Room Equipment

                 12.2.2.1. Heart-lung  Machines

                 12.2.2.2. Defibrillators

                 12.2.2.3. Anesthesia Machines

                 12.2.2.4. Electrosurgical Units

                 12.2.2.5. Others

             12.2.3. Patient Monitoring Devices

                 12.2.3.1. Multi-parameter Monitors

                 12.2.3.2. Electrocardiography Devices (ECG)

                 12.2.3.3. Pulse Oximeters

                 12.2.3.4. Neonatal Monitors

                 12.2.3.5. Others

             12.2.4. Others 

         12.3. Market Value Forecast, by Application, 2017–2027

             12.3.1. Cardiology

             12.3.2. Respiratory and Gastroenterology

             12.3.3. Neonatal Care

             12.3.4. Orthopedic

             12.3.5. Others 

         12.4. Market Value Forecast, by End-user, 2017–2027

             12.4.1. Hospitals

             12.4.2. Diagnostic Centers

             12.4.3. Ambulatory Surgical Centers

             12.4.4. Others 

         12.5. Market Value Forecast, by Country/Sub-region, 2017–2027

             12.5.1. China

             12.5.2. Japan

             12.5.3. India

             12.5.4. Australia & New Zealand

             12.5.5. Rest of Asia Pacific

         12.6. Market Attractiveness Analysis 

             12.6.1. By Product 

             12.6.2. By Application 

             12.6.3. By End-user 

             12.6.4. By Country/Sub-region

    13. Latin America Refurbished Medical Equipment Market Analysis and Forecast

         13.1. Introduction

             13.1.1. Key Findings

         13.2. Market Value Forecast, by Product, 2017–2027

             13.2.1. Medical Imaging Equipment

                 13.2.1.1. X-ray Systems

                 13.2.1.2. Ultrasound Systems

                 13.2.1.3. MRI Scanners

                 13.2.1.4. CT Scanner 

                 13.2.1.5. Others 

             13.2.2. Operating Room Equipment

                 13.2.2.1. Heart-lung  Machines

                 13.2.2.2. Defibrillators

                 13.2.2.3. Anesthesia Machines

                 13.2.2.4. Electrosurgical Units

                 13.2.2.5. Others

             13.2.3. Patient Monitoring Devices

                 13.2.3.1. Multi-parameter Monitors

                 13.2.3.2. Electrocardiography Devices (ECG)

                 13.2.3.3. Pulse Oximeters

                 13.2.3.4. Neonatal Monitors

                 13.2.3.5. Others

             13.2.4. Others 

         13.3. Market Value Forecast, by Application, 2017–2027

             13.3.1. Cardiology

             13.3.2. Respiratory and Gastroenterology

             13.3.3. Neonatal Care

             13.3.4. Orthopedic

             13.3.5. Others 

         13.4. Market Value Forecast, by End-user, 2017–2027

             13.4.1. Hospitals

             13.4.2. Diagnostic Centers

             13.4.3. Ambulatory Surgical Centers

             13.4.4. Others 

         13.5. Market Value Forecast, by Country/Sub-region, 2017–2027

             13.5.1. Brazil

             13.5.2. Mexico

             13.5.3. Rest of Latin America

         13.6. Market Attractiveness Analysis 

             13.6.1. By Product 

             13.6.2. By Application 

             13.6.3. By End-user 

             13.6.4. By Country/Sub-region

     14. Middle East & Africa Refurbished Medical Equipment Market Analysis and Forecast

         14.1. Introduction

             14.1.1. Key Findings

         14.2. Market Value Forecast, by Product, 2017–2027

             14.2.1. Medical Imaging Equipment

                 14.2.1.1. X-ray Systems

                 14.2.1.2. Ultrasound Systems

                 14.2.1.3. MRI Scanners

                 14.2.1.4. CT Scanner 

                 14.2.1.5. Others 

             14.2.2. Operating Room Equipment

                 14.2.2.1. Heart-lung  Machines

                 14.2.2.2. Defibrillators

                 14.2.2.3. Anesthesia Machines

                 14.2.2.4. Electrosurgical Units

                 14.2.2.5. Others

             14.2.3. Patient Monitoring Devices

                 14.2.3.1. Multi-parameter Monitors

                 14.2.3.2. Electrocardiography Devices (ECG)

                 14.2.3.3. Pulse Oximeters

                 14.2.3.4. Neonatal Monitors

                 14.2.3.5. Others

             14.2.4. Others 

         14.3. Market Value Forecast, by Application, 2017–2027

             14.3.1. Cardiology

             14.3.2. Respiratory and Gastroenterology

             14.3.3. Neonatal Care

             14.3.4. Orthopedic

             14.3.5. Others 

         14.4. Market Value Forecast, by End-user, 2017–2027

             14.4.1. Hospitals

             14.4.2. Diagnostic Centers

             14.4.3. Ambulatory Surgical Centers

             14.4.4. Others 

         14.5. Market Value Forecast, by Country/Sub-region, 2017–2027

             14.5.1. GCC Countries

             14.5.2. South Africa

             14.5.3. Rest of Middle East & Africa

         14.6. Market Attractiveness Analysis 

             14.6.1. By Product 

             14.6.2. By Application 

             14.6.3. By End-user 

             14.6.4. By Country/Sub-region

     15. Competition Landscape

         15.1. Market Player – Competition Matrix (By Tier and Size of companies)

         15.2. Company Profiles

             15.2.1. Siemens Healthineers AG

             15.2.2. GE Healthcare

             15.2.3. Canon Medical Systems Corporation

             15.2.4. Koninklijke Philips N.V

             15.2.5. Atlantis Worldwide, LLC

             15.2.6. Block Imaging International, Inc.

             15.2.7. Shimadzu Corporation

             15.2.8. Hitachi, Ltd.

             15.2.9. Other Prominent Players 

    List of Tables

    Table 01:  Import Scenario Refurbished Medical Devices

    Table 02:  Import Scenario Refurbished Medical Devices

    Table 03: Regulatory Scenario

    Table 04: Regulatory Scenario

    Table 05: Mergers & Acquisitions

    Table 06: Mergers & Acquisitions

    Table 07: Mergers & Acquisitions

    Table 08: Key Vendors and Distributors

    Table 09: Global Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2027

    Table 10: Global Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Medical Imaging Equipment, 2017–2027

    Table 11: Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Operating Room Equipment, 2017–2027

    Table 12: Global Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Patient Monitoring Devices Room Equipment, 2017–2027

    Table 13: Global Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Application, 2017–2027

    Table 14: Global Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 15: Global Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Region, 2016–2026

    Table 16: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Country, 2017–2027

    Table 17: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2027

    Table 18: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Medical Imaging Equipment, 2017–2027

    Table 19: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Operating Room Equipment, 2017–2027

    Table 20: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Patient Monitoring Devices Room Equipment, 2017–2027

    Table 21: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Application, 2017–2027

    Table 22: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 23: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

    Table 24: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2027

    Table 25: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Medical Imaging Equipment, 2017–2027

    Table 26: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Operating Room Equipment, 2017–2027

    Table 27: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Patient Monitoring Devices Room Equipment, 2017–2027

    Table 28: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Application, 2017–2027

    Table 29: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 30: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

    Table 31: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2027

    Table 32: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Medical Imaging Equipment, 2017–2027

    Table 33: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Operating Room Equipment, 2017–2027

    Table 34: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Patient Monitoring Devices Room Equipment, 2017–2027

    Table 35: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Application, 2017–2027

    Table 36: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 37: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

    Table 38: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2027

    Table 39: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Medical Imaging Equipment, 2017–2027

    Table 40: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Operating Room Equipment, 2017–2027

    Table 41: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Patient Monitoring Devices Room Equipment, 2017–2027

    Table 42: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Application, 2017–2027

    Table 43: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 44: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

    Table 45: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2027

    Table 46: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Medical Imaging Equipment, 2017–2027

    Table 47: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Operating Room Equipment, 2017–2027

    Table 48: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Patient Monitoring Devices Room Equipment, 2017–2027

    Table 49: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by Application, 2017–2027

    Table 50: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    List of Figures

    Figure 01: Market Snapshot of Global Refurbished Medical Equipment Market 

    Figure 02: Regional Share: 2018

    Figure 03: Global Installed Base of CT Scanners – By Key Regions (2017)

    Figure 04: Global Installed Base of MRI Machines – By Key Regions (2017)

    Figure 05: Global Installed Base of PET Scanners – By Key Regions (2017)

    Figure 06: Global Refurbished Medical Equipment Market Value Share Analysis, Product, 2018 and 2027

    Figure 07: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Medical Imaging Equipment, 2017–2027

    Figure 08: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Operating Room Equipment, 2017–2027

    Figure 09: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Patient Monitoring Devices, 2017–2027

    Figure 10: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Others, 2017–2027

    Figure 11: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by CT Scanners, 2017–2027

    Figure 12: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by MRI Scanners, 2017–2027

    Figure 13: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by X-ray Systems, 2017–2027

    Figure 14: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Ultrasound Systems, 2017–2027

    Figure 15: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Others, 2017–2027

    Figure 16: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Heart-lung Machines, 2017–2027

    Figure 17: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Defibrillators, 2017–2027

    Figure 18: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Anesthesia Machines, 2017–2027

    Figure 19: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Electrosurgical Units, 2017–2027

    Figure 20: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Others, 2017–2027

    Figure 21: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Multi-parameter Monitors, 2017–2027

    Figure 22: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Electrocardiography Devices (ECG), 2017–2027

    Figure 23: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Pulse Oximeters, 2017–2027

    Figure 24: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Neonatal Monitors, 2017–2027

    Figure 25: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Others, 2017–2027

    Figure 26: Global Refurbished Medical Equipment Market Attractiveness Analysis, by Product, 2019–2027

    Figure 27: Global Refurbished Medical Equipment Market Value Share Analysis, by Application, 2018 and 2027

    Figure 28: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Cardiology, 2017–2027

    Figure 29: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Respiratory and Gastroenterology, 2017–2027

    Figure 30: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Neonatal Care, 2017–2027

    Figure 31: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Orthopedic, 2017–2027

    Figure 32: Global Refurbished Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth, by Others, 2017–2027

    Figure 33: Global Refurbished Medical Equipment Market Attractiveness Analysis, by Application, 2019–2027

    Figure 34: Global Refurbished Medical Equipment Market Value Share Analysis, by End-user, 2018 and 2027

    Figure 35: Global Refurbished Medical Equipment Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Hospitals, 2017–2027

    Figure 36: Global Refurbished Medical Equipment Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Diagnostic Centers, 2017–2027

    Figure 37: Global Refurbished Medical Equipment Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Ambulatory Surgical Centers, 2017–2027

    Figure 38: Global Refurbished Medical Equipment Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Others, 2017–2027

    Figure 39: Global Refurbished Medical Equipment Market Attractiveness Analysis, by End-user, 2019–2027

    Figure 40: Global Refurbished Medical Equipment Market Value Share Analysis, by Region, 2018 and 2027

    Figure 41: Global Refurbished Medical Equipment Market Attractiveness Analysis, by Region, 2018–2026

    Figure 42: North America Refurbished Medical Equipment Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 43: North America Refurbished Medical Equipment Market Value Share (%) Analysis, by Country, 2018 and 2027

    Figure 44: North America Refurbished Medical Equipment Market Attractiveness Analysis, by Country, 2019?2027

    Figure 45: North America Refurbished Medical Equipment Market Value Share (%) Analysis, by Product, 2018 and 2027

    Figure 46: North America Refurbished Medical Equipment Market Attractiveness Analysis, by Product, 2019–2027

    Figure 47: North America Refurbished Medical Equipment Market Value Share (%) Analysis, by Application, 2018 and 2027

    Figure 48: North America Refurbished Medical Equipment Market Attractiveness Analysis, by Application, 2019–2027

    Figure 49: North America Refurbished Medical Equipment Market Value Share Analysis, by End-user, 2018 and 2027

    Figure 50: North America Refurbished Medical Equipment Market Attractiveness Analysis, by End-user, 2019–2027

    Figure 51: Europe Refurbished Medical Equipment Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 52: Europe Refurbished Medical Equipment Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

    Figure 53: Europe Refurbished Medical Equipment Market Attractiveness Analysis, by Country/Sub-region, 2019?2027

    Figure 54: Europe Refurbished Medical Equipment Market Value Share (%) Analysis, by Product, 2018 and 2027

    Figure 55: Europe Refurbished Medical Equipment Market Attractiveness Analysis, by Product, 2019–2027

    Figure 56: Europe Refurbished Medical Equipment Market Value Share (%) Analysis, by Application, 2018 and 2027

    Figure 57: Europe Refurbished Medical Equipment Market Attractiveness Analysis, by Application, 2019–2027

    Figure 58: Europe Refurbished Medical Equipment Market Value Share Analysis, by End-user, 2018 and 2027

    Figure 59: Europe Refurbished Medical Equipment Market Attractiveness Analysis, by End-user, 2019–2027

    Figure 60: Asia Pacific Refurbished Medical Equipment Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 61: Asia Pacific Refurbished Medical Equipment Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

    Figure 62: Asia Pacific Refurbished Medical Equipment Market Attractiveness Analysis, by Country/Sub-region, 2019–2027

    Figure 63: Asia Pacific Refurbished Medical Equipment Market Value Share (%) Analysis, by Product, 2018 and 2027

    Figure 64: Asia Pacific Refurbished Medical Equipment Market Attractiveness Analysis, by Product, 2019–2027

    Figure 65: Asia Pacific Refurbished Medical Equipment Market Value Share (%) Analysis, by Application, 2018 and 2027

    Figure 66: Asia Pacific Refurbished Medical Equipment Market Attractiveness Analysis, by Application, 2019–2027

    Figure 67: Asia Pacific Refurbished Medical Equipment Market Value Share Analysis, by End-user, 2018 and 2027

    Figure 68: Asia Pacific Refurbished Medical Equipment Market Attractiveness Analysis, by End-user, 2019–2027

    Figure 69: Latin America Refurbished Medical Equipment Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 70: Latin America Refurbished Medical Equipment Market Value Share, by Country/Sub-region, 2018 and 2027

    Figure 71: Latin America Refurbished Medical Equipment Market Attractiveness, by Country/Sub-region, 2019?2027

    Figure 72: Latin America Refurbished Medical Equipment Market Value Share (%) Analysis, by Product, 2018 and 2027

    Figure 73: Latin America Refurbished Medical Equipment Market Attractiveness Analysis, by Product, 2019–2027

    Figure 74: Latin America Refurbished Medical Equipment Market Value Share (%) Analysis, by Application, 2018 and 2027

    Figure 75: Latin America Refurbished Medical Equipment Market Attractiveness Analysis, by Application, 2019–2027

    Figure 76: Latin America Refurbished Medical Equipment Market Value Share Analysis, by End-user, 2018 and 2027

    Figure 77: Latin America Refurbished Medical Equipment Market Attractiveness Analysis, by End-user, 2019–2027

    Figure 78: Middle East & Africa Refurbished Medical Equipment Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 79: Middle East & Africa Refurbished Medical Equipment Market Value Share, by Country/Sub-region, 2018 and 2027

    Figure 80: Middle East & Africa Refurbished Medical Equipment Market Attractiveness, by Country/Sub-region, 2019–2027

    Figure 81: Middle East & Africa Refurbished Medical Equipment Market Value Share (%) Analysis, by Product, 2018 and 2027

    Figure 82: Middle East & Africa Refurbished Medical Equipment Market Attractiveness Analysis, by Product, 2019–2027

    Figure 83: Middle East & Africa Refurbished Medical Equipment Market Value Share (%) Analysis, by Application, 2018 and 2027

    Figure 84: Middle East & Africa Refurbished Medical Equipment Market Attractiveness Analysis, by Application, 2019–2027

    Figure 85: Middle East & Africa Refurbished Medical Equipment Market Value Share Analysis, by End-user, 2018 and 2027

    Figure 86: Middle East & Africa Refurbished Medical Equipment Market Attractiveness Analysis, by End-user, 2019–2027

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