Refurbishment is restoration of equipment or device to a reusable condition without changing the basic specifications of the device.The first five-year cumulative revenue (2017-2021) is projected to be over US$ 38 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period.
Global Refurbished Medical Equipment Market: Segmental Snapshot
By type: The cardiovascular & cardiology equipment segment is expected to be fastest growing type segment in the global refurbished medical equipment market with a CAGR over 9.5% between 2017 and 2026.
By application: The hospitals segment is expected to account for highest revenue share among the application segments in the global refurbished medical equipment market, which is projected to expand at a CAGR over 9.5% over the forecast period.
By region/country: The market in North America accounted for highest revenue share in the global refurbished medical equipment market in 2016, and is expected to register a CAGR over 9.5% between 2017 and 2026.