The worldwide market for refurbished medical equipment is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.5% from 2014–2019 and reach USD 9.37 billion by 2019.
The key players in the market are Agito Medical A/S (Noerresundby, Denmark), Block Imaging International Inc. (Holt, Michigan, USA), DRE Inc. (Louisville, KY, USA), Everx Pvt Ltd. (Northmead, NSW, Australia), Integrity Medical Systems Inc. (Fort Myers, FL, USA), Radiology Oncology Systems Inc. (San Diego, CA, USA), Soma Technology Inc. (Bloomfield, CT USA), Royal Philips (Amsterdam, the Netherlands), GE Healthcare (Chalfont St Giles, Buckinghamshire, UK), and Siemens Healthcare (Erlangen, Germany).
The global market was dominated in 2014 by Philips Healthcare, GE Healthcare, and Siemens Healthcare with a combined share of 41%. Most of the market consisted of medical imaging equipment such as X-rays machines, ultrasounds systems, MRI machines, CT scanners, and nuclear medicine systems.
The research was released by ReportsnReports (Dallas, TX, USA).
The largest share (48%) of the refurbished medical equipment market in 2014 was in the United States and Canada, followed by Europe, while the highest CAGR growth is expected to be in the Asia-Pacific region in 2014–2019. Growth is being driven by the increasing acceptance of refurbished medical imaging devices by low budget hospitals/clinics, private hospitals, and diagnostic centers and an increasing demand in emerging markets.