Used medical equipment that has been thoroughly inspected, tested, and repaired to guarantee it meets quality standards and is in good working order is known as a refurbished device. These gadgets could be anything from surgical instruments, patient monitors, to MRI and X-ray scanners, among many other things. The refurbishing process often entails a complete cleaning, the replacement of worn-out or broken parts, calibration, and testing to guarantee the equipment is functioning safely and correctly. Buying refurbished medical equipment instead of new ones can save healthcare providers money, even though there may be some wear and tear. They are frequently fixed to a level of quality comparable to that of brand-new equipment.
According to SPER market research, ‘Europe Refurbished Medical Devices Market Size- By Product - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Refurbished Medical Devices Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
Drivers: A number of variables, including modifications to the region's healthcare system, are driving growth in the European market for refurbished medical devices. The primary driving force behind healthcare professionals' efforts to reduce costs without compromising the quality of treatment they provide is, first and foremost, cost-effectiveness. Healthcare companies can cut costs while maintaining access to essential technologies by opting for refurbished medical equipment rather than new equipment. Refurbished electronics further the circular economy model and lessen electronic waste, which adds to the growing focus on environmental responsibility and sustainability.
Challenges: The quality of the items largely limits the remanufactured medical device market in Europe. The growth of the regional market is being hindered by end users' concerns about the quality of refurbished medical equipment and healthcare providers' reluctance to buy used equipment. The European market for refurbished medical devices is anticipated to be small due to the high cost of medical equipment in the global medical device trade. Government-imposed higher import and export taxes are anticipated to reduce the area's utilization of reconditioned medical equipment and have an effect on market revenue.
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The pandemic benefits the European market for reconditioned medical equipment because of the high need for ventilators and patient monitoring devices to support a huge patient population. Trade restrictions and supply chain interruptions, however, impeded the expansion of the European market. After a brief hiatus during the pandemic, the market is once more experiencing steady growth as a result of a rise in hospital and clinic demand.
Additionally, 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.
Europe Refurbished Medical Devices Market Segmentation:
By Product: Based on the Product, Europe Refurbished Medical Devices Market is segmented as; 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.
By Region: This research also includes data for UK, France, Germany, Italy, Spain, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Europe Refurbished Medical Devices Market Outlook
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