Absolute Markets Insights added recently released new research report on Medical Device Refurbishment Market 2022 by Top Manufacturers, Regions, Type and Application, Forecast provides updates and information related to industry coverage, current market competitive status, and market outlook. Medical Device Refurbishment market report is a particular investigation of the business which clarifies what the market definition, arrangements, applications, commitment, and worldwide industry patterns are. This market research report serves to be an exceptionally huge segment of business system. Excellent practice models and method of research utilized while generating this industry report reveals the best opportunities to thrive in the market. With the market data of this report, emerging trends along with major drivers, challenges and opportunities in the market for Medical Device Refurbishment industry can be identified and analysed. Medical Device Refurbishment market report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios.

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In terms of revenue, global medical device refurbishment market was valued at US$ 11114.64 Mn in 2019 and is anticipated to grow at a CAGR 11.32% over the forecast period. Some of the players operating in the medical device refurbishment market are Avante Health Solutions, Block Imaging, Edge Medical Solutions Private Limited, EverX Pty Ltd, fair-medical Inc, FlexRay Medical, Future Health Concepts, GENERAL ELECTRIC COMPANY, Hilditch Group Ltd, Integrity Medical Systems, Inc., Koninklijke Philips N.V., Master Medical Equipment, Meridian Medical Inc., Nationwide Imaging Services, Pacific Healthcare Imaging, PrimedeQ, Radiology Oncology Systems, Sanrad Medical Systems, SOMA TECH INTL, The Siemens Healthineers company, US Med-Equip, Inc., Venture Medical ReQuip., amongst others.

The healthcare industry has seen remarkable progress in recent years. Government bodies around the globe are prioritising on providing quality healthcare facilities to their citizens through investments in healthcare. The advancement in medical device manufacturing technology has enabled faster diagnosis and treatment of various health conditions, and countless lives are being saved each year through the use of these devices. However, facilities such as healthcare clinics and hospitals need to invest heavily for procuring these devices. Budgetary constraints amongst the end-users often hinder the procurement of advanced medical devices.

But, with the arrival of refurbished medical devices, which have been quality tested and approved for medical use, the end-users can considerably reduce the capital spending. Refurbished medical equipment or devices are fully tested, calibrated, cleaned, and upgraded ( optional) medical equipment which had considerable faults that made it unfit for professional use. These devices are being increasingly used in clinics and hospitals which have budgetary constraints, m refurbished devices are significantly less expensive as compared to new medical devices. These factors are leading to the growth of the global medical device refurbishment market.

Global Medical Device Refurbishment Market:
By Offering
o Products
o Therapeutic
o Diagnostic
o Services
By Organization Size
o Small and Medium Organizations
o Large Organizations
By End-User
o Clinics and Diagnostic Centers
o Nursing Homes and Assisted Living
o General Medical and Surgical Hospitals
o Specialty Hospitals
o Emergency and Other Outpatient Care Centers
o Others
By Application
o Operating Room Equipment and Surgical Equipment
o Medical Imaging Equipment
 CT Scanners
 MRI Scanners
 X-Ray Machines
 Fluoroscopy
 Echocardiography
 Ultrasound
 PET
 Others
o Patient Monitors
 Multi-Parameter Monitors
 Fetal Monitors
 ECG Monitors
 Pulse Monitors
 Blood Pressure Monitors
 Others
o Cardiovascular and Cardiology Equipment
 Defibrillators
 Ventricular Assist Devices (VADs)
 Infusion Pumps
 Heart-Lung Bypass
 Stress Test Systems
 Others
o Neurology Equipment
 EEG
 EMG
 Others
o Endoscopy and Colonoscopy Equipment
 Intensive Care Unit Equipment
 Neonatal Intensive Care Units Equipment
 Ventilators
 Dialysis Equipment
 ICU Bedside Monitors
 Others
o IV Therapy Systems
o Probes and Coils
o Others
By Region:
o North America
o Europe
o Asia Pacific
o Middle East & Africa
o Latin America

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