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Refurbished Medical Equipment Market Size & Share, Growth Forecast 2036 Market Trends

  • Report ID: 2899
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Refurbished Medical Equipment Market Size & Share, Growth Forecast 2036 Market Trends

Growth Drivers

  • Rising Number of Low Budget Healthcare Facilities
  • Growing Emphasis of Healthcare Entrepreneurs on High Returns upon Low Investment

Challenges

  • Inability to Meet Appropriate Quality Standards
  • Negative Perception about Refurbished Medical Equipment

Refurbished Medical Equipment Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

12.2%

Base Year Market Size (2023)

USD 18.35 billion

Forecast Year Market Size (2036)

USD 81.95 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 2899
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing number of low budget healthcare facilities is one of the major factors driving market growth.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021-2029.

Negative perception about refurbished equipment and inappropriate maintenance of quality standards by some companies are estimated to hamper market growth.

Asia Pacific region will provide more business opportunities for market growth on the back of growing patient pool in the region.

The major players of the market are General Electric Company, Avante Health Solutions, Siemens Healthcare GmbH, EVERX, Koninklijke Philips N.V., and others.
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