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North America Refurbished Medical Devices Market By Product Type & By Country(US, Canada and Rest of North America) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: January, 2022
ID: 645
Pages: 144

North America Refurbished Medical Devices Market Size & Growth (2019 - 2024)

North America Refurbished Medical Devices Market was worth $2.76 billion in 2019 and estimated to be growing at a CAGR of 12.12%, to reach $4.89 billion by 2024.

North America leads the refurbished medical devices market due to the increasing trend of medical tourism and the growing privatization of the healthcare sector in this region. The refurbishment procedure consists of an initial physical check, analysis of all devices parameters, the substitution of non-functioning components and parts, checking & setting of all accessories, peripherals, and units, recording of all alterations made in the device, and sanction by the quality control department. The devices that are generally refurbished are intended to have long-use periods.

Drivers and Restraints

Factors such as the utmost reasonable and feasible alternative to costly high-end equipment, decrease in electronic and toxic waste, e-Marketing are enhancing the growth of this market and the increase in the number of the patient population are some of the reasons which are fuelling the market growth. Though, huge taxes imposed on the import of medical devices, lack of standardized refurbishment processes, lack of awareness for refurbished devices, and reluctance towards the purchase of refurbished devices are some of the reasons hindering the growth of this market.

This research report segmented and sub-segmented into the following categories:

  • By Product Type: Operating Room Devices & Surgical Devices, Patient Monitors, Defibrillators, Neurology Devices, Medical Imaging Devices, Cardiovascular & Cardiology Devices, IV Therapy Systems, Endoscopy Devices, Intensive Care Systems, Neonatal Intensive-Care Devices, And Other Medical Devices
  • By Country: US, Canada and Rest of North America

The patient monitor device segment holds the major share in the market due to the less cost of the product, growing awareness for chronic diseases and technological developments such as innovations of portable patient monitoring devices. 

The USA is the leading market for refurbished medical devices due to better healthcare infrastructure.

Companies playing a dominant role in North America Refurbished Medical Devices Market profiled in this report are:

Companies like,

  1. Siemens Healthcare systems
  2. First Source Inc.
  3. DMS Topline
  4. Radio Oncology Systems Inc.
  5. Johnson & Johnson
  6. GE Healthcare
  7. DRE Inc.
  8. Block Imaging International Inc.
  9. Integrity Medical systems Inc.
  10. Everx Pvt Ltd.
  11. Philips Healthcare
  12. Agito Medical A/S
  13. Soma Technology.

1. Introduction                                 

                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                                           

                2.1 Introduction                               

                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. Overview                                       

                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  

                                5.1.3 Defibrillators          

                                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                                              

                                6.1 Introduction               

                                6.2 United States            

                                6.3 Canada         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                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                              

                                8.1.1 Overview 

                                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                              

  1. North America Refurbished Medical Devices Market By Region, From 2019-2024 (USD Billion)
  2. North America Refurbished Medical Devices Market By Product Type, From 2019-2024 (USD Billion)
  3. North America Operating Room Devices & Surgical Devices Market By Region, From 2019-2024 (USD Billion)
  4. North America Patient Monitors Market By Region, From 2019-2024 (USD Billion)
  5. North America Defibrillators Market By Region, From 2019-2024 (USD Billion)
  6. North America Neurology Devices Market By Region, From 2019-2024 (USD Billion)
  7. North America Medical Imaging Devices Market By Region, From 2019-2024 (USD Billion)
  8. North America Cardiovascular & Cardiology Devices Market By Region, From 2019-2024 (USD Billion)
  9. North America IV Therapy Systems Market By Region, From 2019-2024 (USD Billion)
  10. North America Endoscopy Devices Market By Region, From 2019-2024 (USD Billion)
  11. North America Intensive Care Systems Market By Region, From 2019-2024 (USD Billion)
  12. North America Neonatal Intensive-Care Devices Market By Region, From 2019-2024 (USD Billion)
  13. United States Refurbished Medical Devices Market By Product Type, From 2019-2024 (USD Billion)
  14. Canada Refurbished Medical Devices Market By Product Type, From 2019-2024 (USD Billion)

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