Refurbished medical devices are defined as the used medical devices
which are restored by the manufacturer or other repairing expert into nearly
original conditions. Increasing prevalence of cancer and other diseases has
driven the growth of this market. Moreover, increasing privatization, presence
of many low and medium budget hospitals and clinics and increasing demand for
the refurbished medical devices due to its low cost also have a
considerable impact of the growth of the market. While huge taxes on import of
medical devices, lack of awareness regarding refurbished medical devices and
unwillingness to pay for refurbished devices may restrain the growth of the
market.
On regional basis, global refurbished medical devices market is
segmented into North America, Europe, Asia Pacific and Middle East and Africa.
North America commands the largest market for refurbished medical devices. Huge
number of patient population, increasing aging population and cost containment
issues related to healthcare budgets are the major reason for the growth of
refurbished medical devices market in North America. Europe as the second
largest market which is driven by increasing awareness about refurbished
medical devices and poor reimbursement policies for new medical devices.
Economic crises and low product cost has forced the people for adoption of
refurbished medical devices. Asia Pacific is the fastest growing region for
refurbished medical devices market. High cost of new medical devices and
presence of number of low budget hospitals has led to increase this market in
Asia Pacific region.
Refurbished Medical Devices Market
Segmentation:
Global
refurbished medical devices market is segmented on the basis of diagnostic
devices into patient monitors, X-Ray Machines, CT scanners, Ultrasound Systems,
MRI machines, ECG systems, and other. On the basis of therapeutic devices the market
is segmented in heart-lung machines, coagulation analyzers, infant incubators
and warmers, defibrillators, infusion pumps and other.
Patients
monitor devices covers the largest market share in global refurbished medical
devices market on the basis of diagnosis. This is due to increasing awareness
for chronic diseases and low product cost and technological advances in the
patients monitoring devices.
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Key Players
GE Healthcare (US), Stryker Corporation (US), Phillips Healthcare
(Netherlands), Siemens Healthcare (Germany), Agito Medical (Denmark), DMS
Topline (U.S.), Johnson & Johnson (US), First Source, Inc (U.S.), and Soma
Technology (U.S.), Toshiba Medical System (Japan), Block Imaging International
(US).
Regional Analysis
On regional basis, global
refurbished medical devices market is dominated by North America. Increasing
awareness about refurbished devices and well developed healthcare sector has
driven the market of North America. Europe and Asia Pacific share nearly
similar type of market. But Asia Pacific refurbished medical devices market has
the highest growth rate. Middle East and Africa has the least market for the
refurbished medical devices.
Competitive Analysis
Some of the
major players in the global refurbished medical devices market include GE
Healthcare (US), Stryker Corporation (US), Phillips Healthcare (Netherlands),
Siemens Healthcare (Germany), Agito Medical (Denmark), DMS Topline (U.S.),
Johnson & Johnson (US), First Source, Inc (U.S.), and Soma Technology
(U.S.), Toshiba Medical System (Japan), Block Imaging International (US).
Presence of
many of the small and medium sized organization has created a competition in
the market. Many of the major players are Increasing in alliances and
collaboration amongst the leading player will helped to decrease the
competition in the market.
GE
Healthcare is one of the leading pharmaceutical company headquartered in US.
Only this company offer a certified OEC C-arm with genuine OEC parts, the
service and maintenance procedures which meet high OEC standards. GoldSeal
certified products of this company ensures high quality equipment. It held the
largest share in global refurbished medical devices market.
Stryker
Corporation is a Fortune 500 medical technologies headquartered in US. They has
second leading refurbished medical devices market. Stryker’s Sustainability
Solutions is the leading provider of refurbished and remanufacturing services
for single-use medical devices.
Table
Of Content
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC
INDICATORS
TOC
Continued….!
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