The pre-owned medical devices market is expected to grow at a rapid pace over the coming years. The study provides an insight into the competitive landscape of the worldwide market and the growth factors affecting the industry. The market for pre-owned medical devices is segmented by type, region, and application. The study includes data of manufacturers from the different regions. It shows the development status of the market in each region. The report contains detailed qualitative and quantitative analysis for a better understanding of the industry and its future prospects. The report offers key insight into the market’s size and growth. It also outlines the latest trends, technologies, and strategies.
The global pre-owned medical devices market is estimated to be valued at US$ 6,023.8 million in 2021 and is expected to exhibit a CAGR of 10.5 % over the forecast period (2022-2028).
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Availability of rental services is expected to propel growth of the global pre-owned medical devices market over the forecast period. For instance, in September 2019, AGITO Medical made available its Rental Solutions division through NHS Supply Chain.
Moreover, high cost of new medical devices is also expected to aid din growth of the global pre-owned medical devices market. For example, the cost of surgical robots can be anywhere between US$ 1.85 million to US$ 2.3 million.
Among type, the CT Machines segment accounted for 28.3% share and maintained dominance in 2020. The segment is expected to reach US$ 3,687.9 million in 2028. Factors contributing to growth of the segment include increasing adoption of CT machines for diagnostics, low cost, and more product offerings for pre-owned medical device providers.
Among regions, North America accounted for 38.1% share in terms of volume, followed by Europe and Asia Pacific, respectively. The market held dominant position in the global pre-owned medical devices market in 2020.
Covid-19 Impact Analysis
Emergence of Covid-19 has led to high demand for medical equipment. For instance, in March 2020, Government of Maharashtra, India, allowed legislators to use their local area development fund to buy medical equipment for public hospitals in the wake of spread of COVID-19.
Major players operating in the global pre-owned medical devices market are focused on adopting merger and acquisition strategies to expand their product portfolio. For instance, in January 2021, Philips acquired Capsule Technologies, a provider of data platforms to healthcare settings.
Initiatives to ban pre-owned medical devices and negative perception about the quality of the same is expected to limit growth of the global pre-owned medical devices market. Various organizations including Association of Indian Medical Device Manufacturers have voiced against import of pre-owned and refurbished medical devices.
Major players operating in the global pre-owned medical devices market include, Advanced Ultrasound Electronics, AGITO Medical A/S, Canon Medical Systems Corporation, GE Healthcare Ltd., Probo Medical, Philips Healthcare, Siemens Healthcare, and Soma Technology, Inc.
Major players operating in the global pre-owned medical devices market are focused on adopting merger and acquisition strategies to expand their product portfolio. For example, Sigma Imaging Technologies, a provider of MRI/CT/PET systems, was acquired by InterMed Group, in February 2020. Similarly, in April 2021, Siemens Healthineers acquired Varian Medical Systems, Inc.
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On the basis of type, the global pre-owned medical devices market is segmented into:
- Mammography Machines
- CT Machines
- MRI Machines
- Ultrasound Machines
- Nuclear Imaging and Medicine Devices
- C-arm Devices
On the basis of region, the global pre-owned medical devices market is segmented into:
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Rest of Middle East
- South Africa
- North Africa
- Central Africa
Reasons to Buy this Pre-owned Medical Devices Market Report
➡ Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Pre-owned Medical Devices market
➡Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging Pre-owned Medical Devices market
➡Leading company profiles reveal details of key Pre-owned Medical Devices market players emerging five operations and financial performance
➡Add weight to presentations and pitches by understanding the future growth prospects of the emerging Pre-owned Medical Devices market with five year historical forecasts
➡Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region .
𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐅𝐥𝐚𝐭 𝐔𝐒𝐃 𝟐𝟎𝟎𝟎 𝐎𝐟𝐟 @
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Pre-owned Medical Devices Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Pre-owned Medical Devices Industry Impact
Chapter 2 Global Pre-owned Medical Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Pre-owned Medical Devices (Volume and Value) by Type
2.3 Global Pre-owned Medical Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Pre-owned Medical Devices Sales, Consumption, Export, Import by Regions
Chapter 5 North America Pre-owned Medical Devices Market Analysis
Chapter 6 East Asia Pre-owned Medical Devices Market Analysis
Chapter 7 Europe Pre-owned Medical Devices Market Analysis
Chapter 8 South Asia Pre-owned Medical Devices Market Analysis
Chapter 9 Southeast Asia Pre-owned Medical Devices Market Analysis
Chapter 10 Middle East Pre-owned Medical Devices Market Analysis
Chapter 11 Africa Pre-owned Medical Devices Market Analysis
Chapter 12 Oceania Pre-owned Medical Devices Market Analysis
Chapter 13 South America Pre-owned Medical Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Pre-owned Medical Devices Business
Chapter 15 Global Pre-owned Medical Devices Market Forecast (2021-2028)
Chapter 16 Conclusions
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