The digital revolution has significantly impacted the refurbished medical equipment market, with online platforms playing an expanding role in the buying and selling of pre-owned medical devices. These online platforms have revolutionized the way healthcare facilities source refurbished equipment, offering greater convenience, transparency, and access to a wider range of products.
One of the primary advantages of online platforms is the ability to connect buyers and sellers from different regions, facilitating international trade of refurbished medical equipment. This global reach allows healthcare providers to access a broader selection of devices, including specialized equipment that might not be readily available in their local markets.
Online platforms have also enhanced market transparency by providing detailed product information, including specifications, refurbishment history, and certifications. This transparency enables buyers to make well-informed decisions and ensures that the purchased equipment meets their specific requirements and quality standards.
Furthermore, the ease of comparison shopping on online platforms has contributed to competitive pricing in the refurbished medical equipment market. Buyers can easily compare prices, product conditions, and warranties, empowering them to find the best deals and optimize their procurement budgets.
The expanding role of online platforms has also driven the establishment of dedicated e-commerce websites and marketplaces specializing in refurbished medical equipment. These platforms cater specifically to the needs of healthcare providers, offering customized features like bulk purchasing options, secure payment gateways, and efficient shipping services.
With the integration of secure payment systems and reliable logistics partners, online platforms have effectively addressed concerns regarding trust and delivery, contributing to the growing acceptance of purchasing refurbished medical equipment online.
As the refurbished medical equipment market continues to evolve, online platforms are likely to play an even more significant role in facilitating trade, supporting market growth, and fostering sustainable healthcare practices worldwide.
Refurbished Medical Equipment Market – Report Overview[214 Pages Report] The global refurbished medical equipment market is projected to reach USD 21.2 billion by 2025 from USD 12.1 billion in 2020, growing at a CAGR of 11.8% from 2020 to 2025.
The growth of the global refurbished medical equipment market can be attributed to factors such as hospital budget cuts, a large inventory of used or old medical devises, rising demand for capital-intensive diagnostic imaging equipment, e-commerce platform enhancing the ease of purchase of refurbished medical equipment, growing preference for eco-friendly products, an increasing number of diagnostic centers & hospitals, and the growing opportunities in emerging economies.However, factors such as stringent regulations on the import and use of refurbished medical devices in certain countries, lack in the standardization of policies for the use & sale of refurbished devices, increase in the influx of low-cost new medical devices, and the negative perception about the quality of refurbished medical devices are expected to restrain the market growth.
Furthermore, the growth of the market is expected to be slowed temporarily due to the COVID-19 pandemic during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=770By application, the diagnostics segment is expected to account for the largest share of the refurbished medical equipment market in 2019.Based on procedure, the refurbished medical devices market is segmented into diagnostic and therapeutic procedures segments.
The diagnostic procedures segment accounted for a larger share of the market in 2019.
The rising demand for diagnostic imaging procedures, the high price of new medical imaging equipment, a growing number of target diseases, widening application of diagnostic imaging procedures, regulatory approvals in using refurbished medical equipment, low purchasing power in emerging economies, and established & government validated refurbishment processes adopted by major OEMs are factors expected to drive the growth of this market segment in the coming years.By end users, the hospitals’ segment is expected to account for the largest share of the refurbished medical equipment market in 2019.Based on end users, the global refurbished medical devices market has been segmented into hospitals, ambulatory surgical centers, diagnostic imaging centers, and other end users.
The rising adoption of refurbished medical equipment, increasing focus of hospitals on providing affordable treatment and care, and growing emphasis on high returns on investment are some of the key factors driving the growth of this market.Request for Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=770The Asia Pacific market is expected to grow at the fastest rate in the refurbished medical equipment market during the forecast period.Geographically, this market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
