With the emergence and long-term Impact of COVID-19, Global Refurbished Laboratory Equipment Market to reach USD 35.58 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Refurbished Laboratory Equipment Market points towards a potential rise to USD 35.58 billion by 2030. Refurbished equipment refers to that which has been previously owned, inspected, tested and restored to a sellable condition. Refurbished Laboratory Equipment included a clinic instrument, microscope, and analytical instrument. Refurbished equipment required less maintenance and cost-effective laboratory products. The increasing demand for medical equipment due to the rise in chronic diseases is the key factor responsible for the market growth of Refurbished Laboratory Equipment over the forecast period 2023-2030.
Geographically, the global Refurbished Laboratory Equipment market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in terms of revenue owing to factors such as the rising privatization of the healthcare sector, the large number of research institutions, and the high demand for laboratory equipment. Asia-Pacific is the fastest-growing region due to increased investment in healthcare equipment, growing research institutions and increased demand for refurbished laboratory equipment in the region.
The global Refurbished Laboratory Equipment market is highly competitive owing to the presence of several key players such as Thermo Fisher Scientific, Inc. American Laboratory Trading, Inc. ARC Scientific LLC American Instrument Exchange Spectralab Scientific, Inc. GenTech Scientific LLC International Equipment Trading Ltd. Copia Scientific Inc. Cambridge Scientific Instrument Company Patterson Companies Inc, and others.
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Global Refurbished Laboratory Equipment Market Size study & Forecast, by Product (Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment), by End-User (Healthcare Facilities, Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Others), and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Refurbished Laboratory Equipment Market is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2023-2030.
- In the Product segment, Analytical Equipment emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising privatization of the healthcare sector in the region.
- Asia Pacific is expected to grow at higher rate owing to increased investment in healthcare equipment in the region.
Bizwit Research & Consulting has considered following segments for the study:
- Analytical Equipment
- General Equipment
- Specialty Equipment
- Support Equipment
- Healthcare Facilities
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutions
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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