Global pre-owned medical devices market growth can be driven by factors such as growing demand for cost-effective medical devices, increasing preference for refurbished devices among hospitals and diagnostic centers in developing nations, and supportive regulatory framework for marketing of pre-owned medical devices.  Moreover, the market players are coming up with innovative business models and trade-in programs to enhance customer convenience and boost sales. However, lack of standardization in refurbishing processes and complexity in lifecycle management of pre-owned devices can hamper the market growth.

Market Dynamics:

Global pre-owned medical devices market growth is driven by factors such as growing budget constraints on healthcare systems that have boosted demand for cost-effective medical solutions.  Increasing preference among hospitals and diagnostic centers in developing nations to procure refurbished devices owing to budget limitations and value proposition offered by pre-owned devices can drive the market growth. Moreover, supportive regulatory policies by regional authorities regarding remanufacturing and export of pre-owned devices can offer new opportunities for the market growth. However, presence of counterfeit products and lack of standardization in refurbishing processes can hamper the market growth. Lack of common classification criteria for grading the condition of refurbished devices can hamper the market growth

Key Features of the Study:

• This report provides in-depth analysis of the global pre-owned medical devices market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global pre-owned medical devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include GE Healthcare, Philips Healthcare, Siemens Healthineers, Hitachi, Canon Medical, Block Imaging International, and Soma Technology
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global pre-owned medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pre-owned medical devices market

Detailed Segmentation-

• By Type
  
  • X-ray
  • Mammography Machines
  • CT Machines
  • MRI Machines
  • Ultrasound Machines
  • Nuclear Imaging and Medicine Devices
  • C-arm Devices
    
• By End User
  
  • Hospitals
  • Clinics
  • Other End Users
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • GE Healthcare
  • Siemens Healthineers
  • Canon Medical Systems
  • Koninklijke Philips N.V.
  • Agfa-Gevaert Group
  • Block Imaging
  • Radiology Oncology Systems
  • EverX Pty Ltd
  • Integrity Medical Systems, Inc.
  • Soma Technology
  • Master Medical Equipment
  • Hilditch Group
  • Fair Medical Co. Ltd.
  • US Med-Equip
  • Centurion Service Group
  • TRACO
  • DIAMEDICA