Pre owned Medical Devices Market to Reach $12,146.1 Mn, at 10.5% CAGR by The End of 2028 | GE Healthcare Ltd., Philips Healthcare, Siemens Healthcare

Pre-owned Medical Devices Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Pre-owned Medical Devices industry with an attention on the Global market. The report gives key insights available status of the Pre-owned Medical Devices producers and is an important wellspring of direction and course for organizations and people keen on the business. By and large, the report gives an inside and out understanding of 2021-2028 worldwide Pre-owned Medical Devices Market covering extremely significant parameters.

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Key Players in This Report Include GE Healthcare Ltd., Philips Healthcare, Siemens Healthcare, Canon Medical Systems Corporation, AGITO Medical A/S, Probo Medical, Advanced Ultrasound Electronics, and Soma Technology, Inc.

Brief Summary of Pre-owned Medical Devices:

Pre-owned medical devices are previously owned by a healthcare facility and afterwards, repurchased or re-sold after refurbishing. Refurbishing is complete refurbishing of a used device with functional improvements including aesthetic changes and full end to end functionality. A wide variety of medical equipment and supplies can be purchased through a pre-owned medical device resale company. The equipment is made to current recommended standards and performance levels. Many quality brands are available at affordable prices through online dealers. United States remains to be the largest market for used and refurbished medical devices and supplies worldwide. For manufacturers and suppliers, the opportunities presented by the U.S. market are tremendous.

Market Trends:

Increasing prevalence of Covid-19 has led countries to limit the export of medical devices. For instance, in March 2020, European Union announced emergency export restrictions on some hospital supplies in wake of the COVID-19 pandemic.

The market is witnessing increasing M&A activities. For instance, in February 2020, The InterMed Group acquired Sigma Imaging Technologies, a provider of MRI/CT/PET systems including mobile units, and offers equipment evaluation, refurbishment, installation, removal, relocation and storage.

Market Drivers:

High cost of new medical devices is expected to propel growth of the global pre-owned medical devices market over the forecast period. For instance, surgical robots can cost as high as US$ 1.85 million to US$ 2.3 million.

Moreover, favorable after- / post- sales services are also expected to aid in growth of the market. Many of the market participants / players such as the OEMs, third-party refurbishers and stand-alone refurbishers offer customized / favorable after- / post- sales services after sale of refurbished pre-owned medical devices.

Market Opportunities:

Refurbishment of CT machines, nuclear imaging and medicine devices, and c-arm devices is expected to offer lucrative growth opportunities for players in the global pre-owned medical devices market. This is owing to high cost of CT machines, nuclear imaging and medicine devices, and c-arm devices.

The Global Pre-owned Medical Devices Market segments and Market Data Break Down are illuminated below:

By Type:
X-ray
Mammography Machines
CT Machines
MRI Machines
Ultrasound Machines
Nuclear Imaging and Medicine Devices
C-arm Devices

This research report represents a 360-degree overview of the competitive landscape of the Global Pre-owned Medical Devices Market. Furthermore, it offers massive data relating to recent trends, technological, advancements, tools, and methodologies. The research report analyzes the Global Pre-owned Medical Devices Market in a detailed and concise manner for better insights into the businesses.

Regions Covered in the Pre-owned Medical Devices Market:

The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global Pre-owned Medical Devices Market.

The detailed elaboration of the Global Pre-owned Medical Devices Market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.

Attractions of the Pre-owned Medical Devices Market Report:

• The report provides granular level information about the market size, regional market share, historic market (2016-2020) and forecast (2021-2028)

• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies

• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market

• The report tracks recent innovations, key developments and start-up’s details that are actively working in the market

• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

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Pre-owned Medical Devices Market research provides answers to the following key questions:

• What is the expected growth rate of the Pre-owned Medical Devices Market?

• What will be the Pre-owned Medical Devices Market size for the forecast period, 2021–2028?

• What are the main driving forces responsible for changing the Pre-owned Medical Devices Market trajectory?

• Who are the big suppliers that dominate the Pre-owned Medical Devices Market across different regions? Which are their wins to stay ahead in the competition?

• What are the Pre-owned Medical Devices Market trends business owners can rely upon in the coming years?

• What are the threats and challenges expected to restrict the progress of the Pre-owned Medical Devices Market across different countries?

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