Europe Refurbished Medical Devices Market Size (2022 to 2027)
The size of the Refurbished Medical Devices Market in Europe was worth USD 2.22 billion in 2022. It is further estimated to be growing at a CAGR of 12.3% and worth USD 3.97 billion by 2027. Europe is the second-largest market globally after North America.
With reduced budgets and accelerating the number of medical procedures in the European region, the necessity to spend less on equipment while attaining the maximum benefit from them has continued demand for high-quality refurbished imaging devices. The increasing number of private hospitals and diagnostic centers and the growing demand for refurbished devices in developing markets generate opportunities for growth of the refurbished medical devices market.
The growth of the refurbished medical devices market is largely driven by the rising prevalence of lifestyle diseases (such as cancer and CVD), increasing geriatric population, growing demand for refurbished medical products by small and medium-sized hospitals, and upgrading healthcare facilities.
Conversely, end-users' negative outlook for the quality of refurbished medical products is a key factor restraining market growth.
This research report on the European Refurbished Medical Devices Market has been segmented and sub-segmented into the following categories:
By Product Type:
Based on product type, the patient monitor device segment holds the major share in the market due to the lower cost of the product, growing awareness for chronic diseases, and technological developments such as innovations of portable patient monitoring devices.
Regionally, Germany, and U.K regions are estimated to attain robust growth for the forecast period's refurbished medical devices market.
Key players operating in Europe Refurbished Medical Devices Market profiled in this report are Siemens Healthcare systems, First Source Inc., DMS Topline, Radio Oncology Systems Inc., Johnson & Johnson, GE Healthcare, DRE Inc., Block Imaging International Inc., Integrity Medical systems Inc., Everx Pvt Ltd., Philips Healthcare, Agito Medical A/S and Soma Technology.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product Type
5.1.1 Operating Room Devices & Surgical Devices
5.1.2 Patient Monitors
5.1.4 Neurology Devices
5.1.5 Medical Imaging Devices
5.1.6 Cardiovascular & Cardiology Devices
5.1.7 IV Therapy Systems
5.1.8 Endoscopy Devices
5.1.9 Intensive Care Systems
5.1.10 Neonatal Intensive-Care Devices
5.1.11 Other Medical Devices
6. Geographical Analysis
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Siemens Healthcare systems
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 First Source Inc.
8.3 DMS Topline
8.4 Radio Oncology Systems Inc.
8.5 Johnson & Johnson
8.6 GE Healthcare
8.7 DRE Inc.
8.8 Block Imaging International Inc.
8.9 Integrity Medical systems Inc.
8.10 Everx Pvt Ltd.
8.11 Philips Healthcare
8.12 Soma Technology
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
a) List of Tables
b) List of Figures
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