Untapped Value Pools to Emerge in Refurbished Medical Equipment Market in the COVID-19 Era and Beyond: TMR Study

Untapped Value Pools to Emerge in Refurbished Medical Equipment Market in the COVID-19 Era and Beyond: TMR Study

PR Newswire

ALBANY, New York, July 6, 2020

- Hospitals and Cardiology segment to propel growth in a major way over the forecast period

- Increase in incidence of chronic diseases is set to be a major contributor of growth in the market

- North America will account for a sizeable share of the market; Asia Pacific will present untapped growth opportunities

ALBANY, New York, July 6, 2020 /PRNewswire/ --  From 2019 to 2027, growth in global refurbished medical equipment market would be robust. It would reach a valuation of about USD 24 billion by the end of this period, creating rewarding opportunities of growth. And, it is quite pertinent to note here that a number of trends and drivers will underscore it. The on-going pandemic of COVID-19 is a particularly strong factor as hospitals across the world prepare themselves for tackling the ever-growing human and humanitarian challenge by stocking up on inventories of these cost-effective medical equipment. 

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Transparency Market Research notes, "Use of heart-lung machines is increasing owing to factors such as ageing population, growing prevalence of chronic illnesses and increase in cases of COVID-19 infections. However, since these imaging and critical care equipment are expensive, demand for refurbished medical equipment would grow."

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Key Findings of Global Refurbished Medical Equipment Market Study:

For a detailed analysis of global refurbished medical equipment market by product, application, end-use, and region, visit TOC https://www.transparencymarketresearch.com/report-toc/858

Key Drivers of Growth in Global Refurbished Medical Equipment Market:

Regional Analysis of Global Refurbished Medical Equipment Market:

Analyze global refurbished medical equipment market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=858

Competitive Analysis of Global Refurbished Medical Equipment Market:

A number of major players operate in the global refurbished medical equipment market, making the vendor landscape quite competitive. In fact, several organic and inorganic strategies are deployed by prominent players to improve their market position. Some of these are expansion of geographic footprint, adapting to established guidelines, and improving upon channels of distribution.

Transparency Market Research has covered top players in a comprehensive manner. Profiling include company and financial overview, strategies and way forward, and product information. Some of the renowned names include Siemens Healthineers AG, GE Healthcare, Canon Medical Systems Corporation, Koninklijke Philips N.V, Atlantis Worldwide, LLC, Block Imaging International, Inc., Shimadzu Corporation, and Hitachi, Ltd.

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Global Refurbished Medical Equipment Market: Segmentation

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Operating Room Equipment Market: The global operating room equipment market has been expanding significantly over the last two decades, and the market has been characterized by technological innovation and increase in preference for technologically sound and accurate medical and surgical equipment.

Multi-parameter Patient Monitoring Equipment Market: According to the report, the global multi-parameter patient monitoring equipment market was valued at US$ 3.8 Bn in 2018 and is anticipated to expand at a CAGR of 3.7% from 2019 to 2027, the global market is driven by increase in prevalence of chronic pain, and rise in demand for home monitoring.

Wearable Medical Devices Market: Global wearable medical devices market was valued at approximately US$ 6.8 Bn in 2017 and is anticipated to reach a value of approximately US$ 29.6 Bn by 2026, expanding at a CAGR of 17.7% from 2018 to 2026, the global market is driven by the rise in prevalence of chronic pain, increase in diabetic population, increase in the geriatric population, and a surge in the rate of adoption of technologically advanced wearable medical products.

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