The global refurbished medical equipment market is expected to reach USD 11.91 Billion by 2021 from USD 6.55 Billion in 2016, growing at a CAGR of 12.7% between 2016 and 2021.
In 2016, North America is estimated to dominate the global market. The growing aging population, high incidence/prevalence of various diseases (such as cancer and CVD), favorable regulatory scenario for the sale and use of refurbished medical systems in the U.S., and declining insurance reimbursements for imaging procedures are key drivers for the market growth in this region.
The Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. Factors such as growing increasing privatization in the healthcare sector, huge patient population base, and high demand for refurbished medical equipment from hospitals and clinics with budgetary constraints are the key factors driving the growth of this market. Furthermore, leading market players are setting up refurbishment facilities in the region to meet the high demand for used/refurbished products in India, a major market for refurbished medical equipment in Asia-Pacific.
- Agito Medical A/S
- Block Imaging International, Inc.
- DRE Medical, Inc.
- Everx Pvt Ltd.
- Ge Healthcare (A Wholly Owned Subsidiary of General Electric Company)
- Integrity Medical Systems, Inc.
- Philips Healthcare (A Business Unit of Koninklijke Philips N.V.)
- Radiology Oncology Systems, Inc.
- Siemens Healthineers (A Subsidiary of Siemens AG)
- Soma Technology, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Refurbished Medical Equipment Market, By Product
8 Refurbished Medical Equipment Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/whlfvs/refurbished
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---refurbished-medical-equipment-market-forecast-to-2021---expected-to-reach-191-billion---key-players-are-agito-medical-dre-medical--siemens-300334691.html
SOURCE Research and Markets