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.
Score from the experts at Killer Infographics
Visual Communication - 65%
Design - 60%
Content/Script - 45%
Usability - 55%
This infographic begins by showing that by far, most of the refurbished medical equipment around the world is medical imaging equipment. However, looking closer, the relative numbers for the other types of equipment aren't provided — just abstract data viz without accompany numbers. Because of this, it's hard to tell if medical imaging equipment is truly about 2/3 of the market, as the donut charts seem to show, or what the real makeup of the remaining market is. This theme carries into the other sections of the infographic; not enough info is provided for the viewer to draw conclusions. There is plenty of medical imagery though that helps set up the general topic visually. In all we'd give this an F.