Refurbished Medical Devices Market is estimated to value over USD 26.6 billion by 2028 end with a CAGR of over 11.6% during the forecast period 2022 to 2028.
Growing insistence for diagnostic imaging equipment that are capital intensive, increasing prioritization for environment-friendly products, rising inventory of used medical devices, growing number of hospitals and diagnostic centres are some of the key factors responsible for the growth of the market. Conversely, strict regulations on the usage and import of refurbished medical devices along with the dearth of policy standardization of selling and using refurbished equipment, increased influx of newer medical devices that are lower in cost than refurbished devices and the negative notion regarding the quality of refurbished devices shall impede the Refurbished Medical Devices Market growth.
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