Refurbished Medical Equipment Market is Anticipated to Witness High Growth Owing to Increase in Heal
February 19, 2024 ⚊ 1 Min read ⚊ Views 33 ⚊ BLOG
The refurbished medical equipment market involves the reconditioning and remarketing of used medical devices to reduce healthcare costs. Refurbished medical devices such as MRI machines, CT scanners, ultrasound machines, X-Ray machines and other vital patient care equipment offer significant savings compared to new alternatives. The key advantage is refurbished equipment provides near-new performance at approximately half the cost of newly manufactured devices. Refurbished devices undergo rigorous quality assurance practices to ensure all features and functions match OEM specifications. The refurbishing process involves calibration, installation of new parts, upgrades to current technology standards and thorough safety inspections. The Global Refurbished Medical Equipment Market is estimated to be valued at US$ 14.21 Bn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2030.
