The global market for pre-owned medical equipment is predicted to reach US$ 6,023.8 million in 2021, with a CAGR of 10.5 percent during the forecast period (2021-2028).

Pre-owned Medical Devices Market

Pre-owned medical equipment is those that have previously been owned by a healthcare facility and are now available for sale or repurchase following refurbishment. In Europe, the use of pre-owned medical devices necessitates European certification and the CE mark.

Recent Happenings:

Soma Tech Intl attended the International FIME (Florida International Medical Expo) at Florida, Miami, United States, on September 1-3, 2021. FIME, the Americas' leading medical trade fair and exhibition, will celebrate its 30th year in 2021, bringing together thousands of medical device and equipment manufacturers and suppliers, dealers, distributors, and other healthcare professionals from across North, Central, and South America, as well as the Caribbean.

Siemens Healthineers bought Varian Medical Systems, Inc. on April 15, 2021, bolstering Siemens' position as a comprehensive healthcare partner.

Philips said in January 2021 that it will purchase Capsule Technologies, a provider of data platforms that aim to connect all of a hospital's medical devices and record systems, to help build out its integrated system.

Drivers of the Global Market for Pre-Owned Medical Devices

Over the projected period, the high cost of new medical devices is expected to drive growth in the global pre-owned medical devices market. Surgical robots, for example, can cost anywhere from US$ 1.85 million to US$ 2.3 million.

Furthermore, excellent after-sales / post-sales services are likely to contribute to market expansion. After the sale of refurbished Pre-owned Medical Devices Market, several market participants/companies, such as OEMs, third-party refurbishers, and stand-alone refurbishers, offer tailored / beneficial after- / post-sales services.

The Global Market for Pre-Owned Medical Devices: A Competitive Analysis

GE Healthcare Ltd., Philips Healthcare, Siemens Healthcare, Canon Medical Systems Corporation, AGITO Medical A/S, Probo Medical, Advanced Ultrasound Electronics, and Soma Technology, Inc. are among the major competitors in the worldwide pre-owned medical devices market.

Key Developments in the Global Market for Pre-Owned Medical Devices

Rental services are provided by major industry players. For example, AGITO Medical announced in September 2019 that its Rental Solutions division is now available through NHS Supply Chain.

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