Pre-Owned Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

  • Single User License $3500

Pre-Owned Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : November, 2022 | Medical Devices

Report Digest


Pre-Owned Medical Devices Market: Overview

The pre-owned medical devices market has been anticipated to experience innumerable growth opportunities in the forthcoming years. These growth avenues in the global market have been attributed to the high cost of novel devices compared to conventional ones. In addition to this, favorable after-sales services have also been estimated to fuel the growth prospects in the global market in the foreseeable years.

The key players operating, for example, stand-alone third-party refurbishers, refurbishers, and the OEMs in the global market are providing favorable or customized after-sales services after the selling process of these refurbished pre-owned medical devices. This factor is predicted to stimulate demand opportunities in the global market during the forecast period.

The healthcare institutions are basically owned by the healthcare institution. And at the later stages, these are the subjects to repurchase or sell after refurbishment. For the use of these devices, certain certifications and marks are required in a few countries around the world.  

Pre-Owned Medical Devices Market: Key Trends

The high cost of c-arm devices, nuclear imaging as well as medical devices, and CT machines have been projected to drive the growth impetus in the pre-owned medical devices market. Further, the rising concern related to e-waste has also been driving the growth prospects in the global market in the years to come. The manufacturing process of different devices is likely to put a certain impact on the environment. The disposing of the utilized medical devices need such medical device. There has been a consequent requirement to manufacture novel devices. These practices are reconsidered at an increased rate in order to analyze the impact on the environment. So, owing to these factors, the global market is predicted to grow at a noticeable speed in the upcoming years. 

A few initiatives are taken in order to ban pre-owned medical devices. This point is likely to hinder the growth impetus in the global market during the forecast period. The reason for these obstacles is on the grounds of some serious safety issues. In addition to this, negative perception related to the quality of these refurbished pre-owned medical devices has also been estimated to limit the growth impetus in the global market. Some existing negative perception related to the accuracy and efficacy of results provided by these refurbished pre-owned medical devices is also likely to hinder the growth avenues in the pre-owned medical devices market.

Pre-Owned Medical Devices Market: Competitive Dynamics and Key Developments

The key players dealing in the pre-owned medical devices market provide a detailed competitive landscape and concentrating to launch novel products with required approvals. These prominent players have been incorporating novel strategies for the expansion of market prospects in the forthcoming years. Some of the commonly used growth strategies are product development, expansion of companies’ distribution network, mergers and acquisitions, portfolio diversion, regional expansion, analysis of organizations strengths and weaknesses, and expansion of the companies’ footprints through subsidiaries and partnership.  

The key players in the pre-owned medical devices market are:

  • GE Healthcare Ltd.
  • Siemens Healthcare
  • AGITO Medical A/S
  • Canon Medical Systems Corporation
  • Philips Healthcare
  • Advanced Ultrasound Electronics
  • Soma Technology, Inc.
  • Probo Medical

Pre Owned Medical Devices Market: Regional Assessment  

The pre owned medical devices market has been spread around various geographical locations across the world, including North America, the Middle East & Africa, Europe, Latin America, and Asia Pacific. Among these geographical locations, the North America region is likely to hold a dominating position in the global market. This market dominance is attributed to the well-established healthcare infrastructure in the region. In addition to this, the availability of cost-effective medical devices and higher healthcare expenditure are also contributing to the expansion avenues in the regional market during the forecast period.     

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.