Global Refurbished Laboratory Equipment Market Size study & Forecast, by Product, by End-User, and Regional Analysis, 2023-2030

Description

List of Tables

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:

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.

Global Refurbished Laboratory Equipment Market Report Scope:

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 objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

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 1
- 8.1.2. Company 2
- 8.1.3. Company 3
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

LIST OF TABLES

TABLE 1. Global Refurbished Laboratory Equipment Market, report scope
TABLE 2. Global Refurbished Laboratory Equipment Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Refurbished Laboratory Equipment Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Refurbished Laboratory Equipment Market estimates & forecasts by End-User 2020-2030 (USD Billion)
TABLE 5. Global Refurbished Laboratory Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Refurbished Laboratory Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Refurbished Laboratory Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Refurbished Laboratory Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Refurbished Laboratory Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Refurbished Laboratory Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Refurbished Laboratory Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Refurbished Laboratory Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Refurbished Laboratory Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Refurbished Laboratory Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Refurbished Laboratory Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Refurbished Laboratory Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Refurbished Laboratory Equipment Market
TABLE 70. List of primary sources, used in the study of global Refurbished Laboratory Equipment Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Refurbished Laboratory Equipment Market, research methodology
FIG 2. Global Refurbished Laboratory Equipment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Refurbished Laboratory Equipment Market, key trends 2022
FIG 5. Global Refurbished Laboratory Equipment Market, growth prospects 2023-2030
FIG 6. Global Refurbished Laboratory Equipment Market, porters 5 force model
FIG 7. Global Refurbished Laboratory Equipment Market, pest analysis
FIG 8. Global Refurbished Laboratory Equipment Market, value chain analysis
FIG 9. Global Refurbished Laboratory Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Refurbished Laboratory Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Refurbished Laboratory Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Refurbished Laboratory Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Refurbished Laboratory Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Refurbished Laboratory Equipment Market, regional snapshot 2020 & 2030
FIG 15. North America Refurbished Laboratory Equipment Market 2020 & 2030 (USD Billion)
FIG 16. Europe Refurbished Laboratory Equipment Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Refurbished Laboratory Equipment Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Refurbished Laboratory Equipment Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Refurbished Laboratory Equipment Market 2020 & 2030 (USD Billion)