Press Release

Refurbished Medical Equipment Market to Witness a CAGR of 11.56% during 2021 to 2027, Globally – Axiom MRC


Wilmington, May 12, 2021: Axiom Market Research & Consulting™ added a report on global refurbished medical equipment market which includes study on type, and product across various countries of key regions across the globe. The global refurbished medical equipment market was projected to grow at a CAGR of 11.56% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the refurbished medical equipment market.    

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The study analysed the global refurbished medical equipment market based on type, product and geography. Types of refurbishment in refurbished medical equipment are cosmetic, parts, and full refurbishment. Major products of refurbished medical equipment covered in the study are patient monitors, medical imaging equipment, neurology equipment, operating room and surgical equipment, cardiology equipment, urology equipment, intensive care equipment and other medical equipment.

The key competitors of the market GE Healthcare (US), Siemens Healthineers (Germany), Block Imaging (US), SOMA TECH INTL. (US), Avante Health Solutions (US), Hilditch Group (UK), Everx Pvt Ltd. (Australia), Integrity Medical Systems, Inc. (US), Master Medical Equipment (US), Fair Medical Co. Ltd. (Japan), Desert Tech Medical Systems (US), Hi Tech International Group, Inc. (US), CURA Healthcare (India), JAPAN CENTRAL MEDICAL, INC. (Japan), HOYU AND CO., LTD. (Japan), Sanrad Medical Systems (India), BOND JAPAN CO., LTD. (Japan),  Amber Diagnostics (US), Rhombus Medical Equipment., LLC (UAE), Blue Start Limited (India), and Cielo Co., Ltd (Japan), among others.

Refurbished Medical Equipment Market Regional Trends

Asia pacific held the largest market share of the product information management and is likely to dominate the market over the estimated time frame. Advancements in technology, large patient pool and increasing privatization in health care sector in the region drives the growth of refurbished medical equipment market.

Refurbished Medical Equipment Market Segmental Highlights

  • Imaging equipment is constantly evolving and extremely important aspect in medical sector. Imaging equipment witnessed healthy growth owing to increased healthcare spending, growing prevalence of chronic diseases and increasing demand for diagnostic tests.

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Research Objectives of Refurbished Medical Equipment Market Report:

  • Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
  • Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
  • Country-level analysis, integrating the demand and supply forces that are influencing the growth of the refurbished medical equipment market.
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
  • Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players

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