According to an article on PharmTech.com titled “Buying Used Equipment,” purchases and sales of used pharmaceutical equipment is on the rise. According to the article, used lab equipment has been available for a long time, but the availability of used processing equipment has increased over the last decade.

The article owes this trend to recognition within the industry that equipment needs to handled efficiently and companies’ decreasing budgets. Selling unused equipment instead of letting it sit around or purchasing pre-owned equipment at a lower price both do wonders for a company’s bottom line.

So what does this mean for CMEAs? There’s work out there for you in this industry! And if you’re not sure how to get started, rely on the vast network of other CMEAs in your region who might be willing to let you in on best practices. Start the year off right!

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

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