Refurbished market forecast to hit $12 billion by 2021
September 21, 2016
by Thomas Dworetzky , Contributing Reporter DotMed Business News
Medical imaging equipment dominates the global refurbished market in 2016, as “most health care facilities in developing countries cannot afford new equipment due to their high installation and maintenance costs,” the report found.
Marketsandmarkets predicted the biggest growth area in the next five years would be in the cardiovascular and cardiology equipment sector due to the widespread challenges of dealing with heart-related and other cardiac ailments worldwide.
At present, the report found that North America is number one in the global refurbished medical equipment market, with Europe number two. But the Asia-Pacific region is looking to have the largest CAGR from 2016 to 2021. India is expected to have the highest growth rate in that region during those years.
The biggest players in the refurbished market, according to the new analysis are: GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Block Imaging International Inc., (U.S.), Soma Technology Inc. (U.S.), DRE Medical Inc. (U.S.), Agito Medical A/S (Denmark), Everx Pvt Ltd. (Australia), Integrity Medical Systems Inc. (U.S.), and Radiology Oncology Systems Inc. (U.S.)