Europe Refurbished Medical Devices Market Introduction and Overview
According to SPER Market Research, the Europe Refurbished Medical Devices Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Refurbished Medical Devices Market, including market size and trends, product mix, distribution channels, and supplier analysis. Refurbished medical devices are used equipment that has been put through a rigorous examination, testing, and repair procedure to make sure it is in good working order and satisfies quality requirements. These gadgets might include anything from MRI scanners and X-ray machines to surgical instruments, patient monitors, and much more. Thorough cleaning, the replacement of worn-out or broken parts, calibration, and testing to guarantee the device runs safely and effectively are usually included in the refurbishment process. Refurbished medical devices are a more affordable option for healthcare providers than buying brand-new ones, even though they may have been used in the past. They are frequently restored to a level of quality that is comparable to new equipment.
Market Opportunities and Challenges
Opportunities: The rise of the European market is facilitated by a variety of factors, including the growing number of clinics and hospitals in the region, the growing pressure on healthcare organizations to reduce costs, and the accessibility of reconditioned medical devices. In Europe, there is a huge need for reconditioned medical devices in addition to new equipment from the majority of healthcare organizations. When it comes to capital investments, the majority of hospitals struggle with budget cuts; as a result, they are eager to invest in refurbished medical devices, which enable them to purchase pricey equipment for their facilities. Market expansion in the area is anticipated to be aided by each of these reasons.
Challenges: The quality of the medical devices is the main problem limiting the market for reconditioned medical devices in Europe. The regional market's expansion is being hampered by concerns about quality among end users' perceptions of refurbished medical equipment and healthcare providers' reluctance to buy used equipment. The European market for reconditioned medical devices is anticipated to be constrained by the high cost of medical equipment in the global trade of medical devices. It is predicted that the region's adoption of reconditioned medical devices will be constrained by the rising government tariffs on import and export, which will have an effect on market revenue.
Market Competitive Landscape
The Refurbished Medical Devices Market in Europe is highly fragmented. Some of the market key players are Agito Medical A/S, Block Imaging International Inc., DMS Topline, DRE Inc., Everx Pvt Ltd., First Source Inc., GE Healthcare, Integrity Medical Systems Inc., Johnson & Johnson, Philips Healthcare, Radio Oncology Systems Inc., Siemens Healthcare Systems, Soma Technology.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product
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| Regions covered | UK, France, Germany, Italy, Spain, Rest of Europe
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| Companies Covered | Agito Medical A/S, Block Imaging International Inc., DMS Topline, DRE Inc., Everx Pvt Ltd., First Source Inc., GE Healthcare, Integrity Medical Systems Inc., Johnson & Johnson, Philips Healthcare, Radio Oncology Systems Inc., Siemens Healthcare Systems, Soma Technology.
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COVID-19 Impact on Europe Refurbished Medical Devices Market
The pandemic has a favourable effect on the European market for reconditioned medical equipment because there is a significant enough need for ventilators and patient monitoring equipment to accommodate a big patient population. Nonetheless, trade prohibitions and supply chain interruptions had a detrimental effect on the expansion of the European market. Due to rising demand from clinics and hospitals, the market is now experiencing consistent development after experiencing a brief slowdown during the epidemic.
Key Target Audience
- Healthcare Facilities and Providers
- Medical Equipment Suppliers and Distributors
- Government and Non-Profit Healthcare Organizations
- Veterinary Clinics and Hospitals
- Research and Academic Institutions
- Diagnostic Imaging Centers
- Ambulatory Surgery Centers
- Home Healthcare Providers
- Medical Device Rental Companies
- Developing Countries Healthcare Systems
Our in-depth analysis of the Europe Refurbished Medical Devices Market includes the following segments:
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By Product:
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Operating Room Devices & Surgical Devices
Patient Monitors
Defibrillators
Neurology Devices
Cardiovascular & Cardiology Devices
IV Therapy Systems
Endoscopy Devices
Intensive Care Systems
Neinatal Intensive-care Devices
Others
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By Region:
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France
Germany
Italy
United Kingdom
Rest of Europe
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Key Topics Covered in the Report
- Europe Refurbished Medical Devices Market Size (FY’2024-FY’2033)
- Overview of Europe Refurbished Medical Devices Market
- Segmentation of Europe Refurbished Medical Devices Market By Product (Operating Room Devices & Surgical Devices, Patient Monitors, Defibrillators, Neurology Devices, Cardiovascular & Cardiology Devices, IV Therapy Systems, Endoscopy Devices, Intensive Care Systems, Neinatal Intensive-care Devices, Others)
- Expansion Analysis of Europe Refurbished Medical Devices Market
- Problems and Obstacles in Europe Refurbished Medical Devices Market
- Competitive Landscape in the Europe Refurbished Medical Devices Market
- Impact of COVID-19 and Demonetization on Europe Refurbished Medical Devices Market
- Details on Current Investment in Europe Refurbished Medical Devices Market
- Competitive Analysis of Europe Refurbished Medical Devices Market
- Prominent Players in the Europe Refurbished Medical Devices Market
- SWOT Analysis of Europe Refurbished Medical Devices Market
- Europe Refurbished Medical Devices Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Refurbished Medical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Refurbished Medical Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Refurbished Medical Devices Market
7. Europe Refurbished Medical Devices Market, By Product (USD Million) 2020-2033
7.1. Europe Refurbished Medical Devices Market Size, Share and Forecast, By Product, 2020-2026
7.2. Europe Refurbished Medical Devices Market Size, Share and Forecast, By Product, 2027-2033
7.3. Operating Room Devices & Surgical Devices
7.4. Patient Monitors
7.5. Defibrillators
7.6. Neurology Devices
7.7. Cardiovascular & Cardiology Devices
7.8. IV Therapy Systems
7.9. Endoscopy Devices
7.10. Intensive Care Systems
7.11. Neinatal Intensive-care Devices
7.12. Others
8. Europe Refurbished Medical Devices Market Forecast, 2020-2033 (USD Million)
8.1. Europe Refurbished Medical Devices Market Size and Market Share
9. Europe Refurbished Medical Devices Market, By Region, 2020-2033 (USD Million)
9.1. Europe Refurbished Medical Devices Market Size and Market Share By Region (2020-2026)
9.2. Europe Refurbished Medical Devices Market Size and Market Share By Region (2027-2033)
9.3. France
9.4. Germany
9.5. Italy
9.6. United Kingdom
9.7. Rest of Europe
10. Company Profile
10.1. Agito Medical A/S
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2. Block Imaging International Inc.
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3. DMS Topline
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4. DRE Inc.
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5. Everx Pvt Ltd.
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
10.6. First Source Inc.
10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments
10.7. GE Healthcare
10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments
10.8. Integrity Medical Systems Inc.
10.8.1. Company details
10.8.2. Financial outlook
10.8.3. Product summary
10.8.4. Recent developments
10.9. Johnson & Johnson
10.9.1. Company details
10.9.2. Financial outlook
10.9.3. Product summary
10.9.4. Recent developments
10.10. Philips Healthcare
10.10.1. Company details
10.10.2. Financial outlook
10.10.3. Product summary
10.10.4. Recent developments
10.11. Radio Oncology Systems Inc.
10.11.1. Company details
10.11.2. Financial outlook
10.11.3. Product summary
10.11.4. Recent developments
10.12. Siemens Healthcare Systems
10.12.1. Company details
10.12.2. Financial outlook
10.12.3. Product summary
10.12.4. Recent developments
10.13. Soma Technology
10.13.1. Company details
10.13.2. Financial outlook
10.13.3. Product summary
10.13.4. Recent developments
10.14. Others
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
