Global Refurbished Medical Equipment Market is estimated to grow at a healthy rate of 12% to reach $18 billion by 2026
Refurbishment is defined as a systematic process that ensures the safety and effectiveness of the medical equipment without significantly changing the equipment’s or system’s performance, safety specifications, and/or changing intended use as in its original registration. Refurbishment of Medical Equipment Contributes to a Circular Economy Refurbished medical equipment serves the purpose of circular economy, by prolonging the life of the equipment, optimal use of resources, and reentering the business ecosystem. It also makes a positive contribution to the environment as it reduces waste generation and saves energy, resources, and raw materials. The DITTA estimates that around 30 MWh can be saved for each ton of refurbished medical imaging equipment. Cost Containment Strategies for Hospitals Drives the Refurbished Medical Equipment Market With the use of refurbished medical equipment's, the cost to hospitals can be reduced by 20-30 percent while continuing to guarantee...