Refurbished Medical Equipment: Forecasts and Trends

There has been a worldwide increase in demand for refurbished medical systems over the last decade.
The global market for refurbished medical equipment is anticipated to grow more than $16 billion by 2024 and will grow at a CAGR of more than 10% in this forecast period.
More and more hospitals, especially new facilities, are opting for different options in order to shave down the costs of capital investments.
Specific components accelerating the market growth includes the pressure for better overall cost efficiency within healthcare organizations, sitting on a sizable amount of inventory including older or used medical devices, the popularity of medical tourism rising, and private healthcare organizations gaining momentum.
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