(EMAILWIRE.COM, July 02, 2019 ) The report "Refurbished Medical Equipment Market (X-Ray, Ultrasound, MRI, CT Scanner, Nuclear Imaging Systems, Heart-Lung Machine, Surgical, CO2 Monitor, Patient Monitor, Pulse Oximeter, AED Defibrillator, Cath Labs, Neonatal, Endoscopy) - Global Forecast to 2021", analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Browse 110 market data Tables and 47 Figures spread through 208 Pages and in-depth TOC on "Refurbished Medical Equipment Market (X-Ray, Ultrasound, MRI, CT Scanner, Nuclear Imaging Systems, Heart-Lung Machine, Surgical, CO2 Monitor, Patient Monitor, Pulse Oximeter, AED Defibrillator, Cath Labs, Neonatal, Endoscopy) - Global Forecast to 2021"
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This report studies the global refurbished medical equipment market over the forecast period of 2016 to 2021. The market is expected to reach USD 11.91 Billion by 2021, at CAGR of 12.7% from 2016 to 2021.

Key factors such as increasing privatization in the healthcare sector, poor reimbursement scenario for various medical treatments, large patient population base, and presence of a large number of hospitals/clinics with budget constraints in developing countries are the major factors driving the growth of this market. Also, growing initiatives undertaken by leading market players (such as GE Healthcare, Philips Healthcare, and Siemens Healthineers) to establish refurbishment facilities in both mature and developing markets are further adding to the growth prospects of this market.

On the other hand, the negative perception about the quality of refurbished medical devices among public institutes is a major factor limiting the growth of this market. The stringent regulatory environment in some countries (such as China, Egypt, and Kuwait) and the lack of standardization and harmonization of policies related to the sale and use of refurbished medical devices are the key challenges faced by players in the global refurbished medical equipment market.

As of 2016, North America holds the largest share of the global refurbished medical equipment market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. A number of factors such as cost containment pressures on healthcare providers, increasing patient population base, and rising number of partnerships and joint ventures among refurbished medical device providers are driving the growth of the Asia-Pacific refurbished medical equipment market.

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