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The vendor landscape of the global market for refurbished medical imaging equipment features a largely concentrated nature in established regional markets such as Europe and North America, with companies increasingly focusing on expansion in untapped regional markets for better growth prospects, observes Transparency Market Research in a recent report.
As such, focus on strategic alliances with domestic medical device companies has significantly increased.
Companies are also ploughing more funds into activities aimed at improving their repair facilities and expanding their operations to be able to process larger volumes in face of increased demand.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=20717Some of the leading vendors operating in the global refurbished or remanufactured medical equipment market are Koninklijke Philips N.V., GE Healthcare, Atlantis Worldwide LLC., Siemens Healthineers AG, Canon Medical Systems Corporation, and Fujifilm Holding Corporation.According to the report, the market is expected to register a promising 5.4% CAGR over the period between 2018 and 2026, rising from a valuation of US$ 903.2 mn in 2017 to a revenue opportunity of US$1,443.3 mn by 2026.
Geographically, the market in North America is presently the leading revenue contributor to the global market, thanks to the high concentration of several leading players and the vast rise in R activities concerned with refurbishment practices for medical devices.
The high demand of refurbished medical imaging equipment in developed as well as emerging economies like Brazil, China, and India is a prime driver of the global refurbished medical equipment market.The report states that the global demand for refurbished medical equipment has seen a significant rise in the past few years along with a strong growth in the demand for new medical equipment.
These factors hindered the overall growth of the global refurbished medical equipment market.Request Customization on Refurbished Medical Imaging Equipment Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=20717Rising Geriatric Population to Drive DemandNevertheless, cost containment in healthcare budgets in developed countries like the U.S. and many countries in Europe owing to sluggish growth of economies has triggered the demand for refurbished medical equipment in these regions in the past few years.
