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
Global Refurbished Laboratory Equipment Market is valued at approximately USD 23.9 billion in 2022 and is anticipated to grow with a growth rate of more than 5.1% over the forecast period 2023-2030. 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.
With the growing cases for chronic diseases the demand for medical equipment has risen directly. According to the International Trade Administration, in 2020, the German medical equipment market is estimated to be USD 36.7 billion and is projected to grow to USD 41.9 billion by 2022. According to the World Health Organization, In Apr 2021, chronic diseases caused the deaths of 41 million people annually or 71% of all deaths worldwide. The increasing demand for medical equipment due to the rise in chronic diseases is the primary factor of growth in the market. Also, increased demand in end-user industries such as healthcare and academic research canaccelerate market growth. Moreover, technological advancements to improve the quality and reliability of refurbished equipment and a rise in collaborations between manufacturers and refurbished companies are anticipated to create a positive outlook for the market. However, the lack of awareness about the benefits and the lack of standardization of policies related to sales stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Refurbished Laboratory Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.
Major market player included in this report are:
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.
Recent Developments in the Market:
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Analytical Equipment
General Equipment
Specialty Equipment
Support Equipment
By End-User:
Healthcare Facilities
Pharmaceutical & Biotechnology Companies
Academic & Research Institutions
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
With the growing cases for chronic diseases the demand for medical equipment has risen directly. According to the International Trade Administration, in 2020, the German medical equipment market is estimated to be USD 36.7 billion and is projected to grow to USD 41.9 billion by 2022. According to the World Health Organization, In Apr 2021, chronic diseases caused the deaths of 41 million people annually or 71% of all deaths worldwide. The increasing demand for medical equipment due to the rise in chronic diseases is the primary factor of growth in the market. Also, increased demand in end-user industries such as healthcare and academic research canaccelerate market growth. Moreover, technological advancements to improve the quality and reliability of refurbished equipment and a rise in collaborations between manufacturers and refurbished companies are anticipated to create a positive outlook for the market. However, the lack of awareness about the benefits and the lack of standardization of policies related to sales stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Refurbished Laboratory Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.
Major market player included in this report are:
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.
Recent Developments in the Market:
- In February 2022, Purity Scientific LLC announced that it had acquired Conquer Scientific. Due to the merger of two market leaders, it now has the largest inventory of reconditioned analytical equipment in the world, the strongest service network, and unrivalled resources.
- Historical Data – 2020 - 2021
- Base Year for Estimation – 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, End-User, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Analytical Equipment
General Equipment
Specialty Equipment
Support Equipment
By End-User:
Healthcare Facilities
Pharmaceutical & Biotechnology Companies
Academic & Research Institutions
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Refurbished Laboratory Equipment Market, by region, 2020-2030 (USD Billion)
1.2.2. Refurbished Laboratory Equipment Market, by Product, 2020-2030 (USD Billion)
1.2.3. Refurbished Laboratory Equipment Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET DYNAMICS
3.1. Refurbished Laboratory Equipment Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for medical equipment
3.1.1.2. Increased demand in end-user industries
3.1.2. Market Challenges
3.1.2.1. Lack of standardization of policies
3.1.3. Market Opportunities
3.1.3.1. Growing technological advancements
3.1.3.2. Rise in collaborations between manufacturers and refurbished companies
CHAPTER 4. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global Refurbished Laboratory Equipment Market by Product, Performance - Potential Analysis
5.3. Global Refurbished Laboratory Equipment Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Refurbished Laboratory Equipment Market, Sub Segment Analysis
5.4.1. Analytical Equipment
5.4.2. General Equipment
5.4.3. Specialty Equipment
5.4.4. Support Equipment
CHAPTER 6. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET, BY END-USER
6.1. Market Snapshot
6.2. Global Refurbished Laboratory Equipment Market by End-User, Performance - Potential Analysis
6.3. Global Refurbished Laboratory Equipment Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
6.4. Refurbished Laboratory Equipment Market, Sub Segment Analysis
6.4.1. Healthcare Facilities
6.4.2. Pharmaceutical & Biotechnology Companies
6.4.3. Academic & Research Institutions
6.4.4. Others
CHAPTER 7. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET, REGIONAL ANALYSIS
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Refurbished Laboratory Equipment Market, Regional Market Snapshot
7.4. North America Refurbished Laboratory Equipment Market
7.4.1. U.S. Refurbished Laboratory Equipment Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. End-User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Refurbished Laboratory Equipment Market
7.5. Europe Refurbished Laboratory Equipment Market Snapshot
7.5.1. U.K. Refurbished Laboratory Equipment Market
7.5.2. Germany Refurbished Laboratory Equipment Market
7.5.3. France Refurbished Laboratory Equipment Market
7.5.4. Spain Refurbished Laboratory Equipment Market
7.5.5. Italy Refurbished Laboratory Equipment Market
7.5.6. Rest of Europe Refurbished Laboratory Equipment Market
7.6. Asia-Pacific Refurbished Laboratory Equipment Market Snapshot
7.6.1. China Refurbished Laboratory Equipment Market
7.6.2. India Refurbished Laboratory Equipment Market
7.6.3. Japan Refurbished Laboratory Equipment Market
7.6.4. Australia Refurbished Laboratory Equipment Market
7.6.5. South Korea Refurbished Laboratory Equipment Market
7.6.6. Rest of Asia Pacific Refurbished Laboratory Equipment Market
7.7. Latin America Refurbished Laboratory Equipment Market Snapshot
7.7.1. Brazil Refurbished Laboratory Equipment Market
7.7.2. Mexico Refurbished Laboratory Equipment Market
7.8. Middle East & Africa Refurbished Laboratory Equipment Market
7.8.1. Saudi Arabia Refurbished Laboratory Equipment Market
7.8.2. South Africa Refurbished Laboratory Equipment Market
7.8.3. Rest of Middle East & Africa Refurbished Laboratory Equipment Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Thermo Fisher Scientific, Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. American Laboratory Trading, Inc.
8.3.3. ARC Scientific LLC
8.3.4. American Instrument Exchange
8.3.5. Spectralab Scientific, Inc.
8.3.6. GenTech Scientific LLC
8.3.7. International Equipment Trading Ltd.
8.3.8. Copia Scientific Inc.
8.3.9. Cambridge Scientific Instrument Company
8.3.10. Patterson Companies Inc.
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Refurbished Laboratory Equipment Market, by region, 2020-2030 (USD Billion)
1.2.2. Refurbished Laboratory Equipment Market, by Product, 2020-2030 (USD Billion)
1.2.3. Refurbished Laboratory Equipment Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET DYNAMICS
3.1. Refurbished Laboratory Equipment Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for medical equipment
3.1.1.2. Increased demand in end-user industries
3.1.2. Market Challenges
3.1.2.1. Lack of standardization of policies
3.1.3. Market Opportunities
3.1.3.1. Growing technological advancements
3.1.3.2. Rise in collaborations between manufacturers and refurbished companies
CHAPTER 4. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global Refurbished Laboratory Equipment Market by Product, Performance - Potential Analysis
5.3. Global Refurbished Laboratory Equipment Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Refurbished Laboratory Equipment Market, Sub Segment Analysis
5.4.1. Analytical Equipment
5.4.2. General Equipment
5.4.3. Specialty Equipment
5.4.4. Support Equipment
CHAPTER 6. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET, BY END-USER
6.1. Market Snapshot
6.2. Global Refurbished Laboratory Equipment Market by End-User, Performance - Potential Analysis
6.3. Global Refurbished Laboratory Equipment Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
6.4. Refurbished Laboratory Equipment Market, Sub Segment Analysis
6.4.1. Healthcare Facilities
6.4.2. Pharmaceutical & Biotechnology Companies
6.4.3. Academic & Research Institutions
6.4.4. Others
CHAPTER 7. GLOBAL REFURBISHED LABORATORY EQUIPMENT MARKET, REGIONAL ANALYSIS
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Refurbished Laboratory Equipment Market, Regional Market Snapshot
7.4. North America Refurbished Laboratory Equipment Market
7.4.1. U.S. Refurbished Laboratory Equipment Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. End-User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Refurbished Laboratory Equipment Market
7.5. Europe Refurbished Laboratory Equipment Market Snapshot
7.5.1. U.K. Refurbished Laboratory Equipment Market
7.5.2. Germany Refurbished Laboratory Equipment Market
7.5.3. France Refurbished Laboratory Equipment Market
7.5.4. Spain Refurbished Laboratory Equipment Market
7.5.5. Italy Refurbished Laboratory Equipment Market
7.5.6. Rest of Europe Refurbished Laboratory Equipment Market
7.6. Asia-Pacific Refurbished Laboratory Equipment Market Snapshot
7.6.1. China Refurbished Laboratory Equipment Market
7.6.2. India Refurbished Laboratory Equipment Market
7.6.3. Japan Refurbished Laboratory Equipment Market
7.6.4. Australia Refurbished Laboratory Equipment Market
7.6.5. South Korea Refurbished Laboratory Equipment Market
7.6.6. Rest of Asia Pacific Refurbished Laboratory Equipment Market
7.7. Latin America Refurbished Laboratory Equipment Market Snapshot
7.7.1. Brazil Refurbished Laboratory Equipment Market
7.7.2. Mexico Refurbished Laboratory Equipment Market
7.8. Middle East & Africa Refurbished Laboratory Equipment Market
7.8.1. Saudi Arabia Refurbished Laboratory Equipment Market
7.8.2. South Africa Refurbished Laboratory Equipment Market
7.8.3. Rest of Middle East & Africa Refurbished Laboratory Equipment Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Thermo Fisher Scientific, Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. American Laboratory Trading, Inc.
8.3.3. ARC Scientific LLC
8.3.4. American Instrument Exchange
8.3.5. Spectralab Scientific, Inc.
8.3.6. GenTech Scientific LLC
8.3.7. International Equipment Trading Ltd.
8.3.8. Copia Scientific Inc.
8.3.9. Cambridge Scientific Instrument Company
8.3.10. Patterson Companies Inc.
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
