The Refurbished Medical Devices Market size in the Middle East & Africa was worth USD 0.86 billion in 2022. It is further estimated to be growing at a CAGR of 12.25% and value USD 1.54 billion by 2027.
The refurbishment procedure is anticipated to repair the device to its original condition, i.e., “like new.” The equipment will experience sanitization, mending, and replacement of damaged parts, full cosmetic restoration, calibration, and other procedures necessary to return the system with all the specifications.
Increasing demand for low-cost medical devices due to economic restraints, growing privatization of the healthcare sector, and rising acceptance of refurbished medical devices in developing countries are the major factors driving the refurbished medical devices market.
The adverse outlook of public organizations regarding the procurement of refurbished medical devices and lack of standardization policies related to the use of refurbished medical devices are some of the main limitations obstructing the market's growth.
This research report on the Middle East and Africa 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, Africa's health care sector is displaying signs of significant improvement, as the quality of hospitals and the availability of experienced doctors have intensely improved over the past few years.
Companies playing a dominating role in the MEA 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.
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