Refurbishment of equipments is an organized technique or a method to look at the protection & efficacy of the used system. And guarantees that all the safety parameters are met earlier than the usage of the system, without converting its proposed use as according to the original registration. The existence of medical device additionally performs a important role for qualification of refurbished device. There was an increase in demand for the refurbished medical system marketplace globally, along with the new equipments market. Until a decade ago, refurbished scientific equipments have been exported to growing nations, and the providers involved have been not professionally skilled, which constrained the increase of this market.
How Big is the Global Refurbished Medical Devices Market?
The Global Refurbished Medical Devices Market is expected to be around US$ 24.80 Billion by 2028 and will grow at a CAGR of more than 12.5% in the given forecast period.
The major driving factors of Global Refurbished Medical Devices Market are as follows:
• Cost constraint
• Fourishing development of private healthcare institutions worldwide
• Increasing aging population
The restraining factors of Global Refurbished Medical Devices Market are as follows:
• Inefficient reimbursement policy
• Strong regulatory practices
• Need support from government bodies
The Global Refurbished Medical Devices Market is segmented on the lines of its product and regional. Based on product segmentation it covers refurbished radiation oncology systems, refurbished minimally invasive devices, refurbished biotechnology instruments and refurbished diagnostic imaging equipment. The Global Refurbished Medical Devices Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for Refurbished Medical Devices and related technologies.
2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.
3) Identifications of new market opportunities and targeted promotional plans for Global Refurbished Medical Devices Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for Global Refurbished Medical Devices Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include original equipment manufacturers (OEMs) like GE Healthcare (U.K.), Phillips Healthcare (Netherlands), Siemens Healthcare (Germany), Johnson & Johnson (U.S.), Agito Medical (Denmark), DMS Topline (U.S.), First Source, Inc (U.S.), and Soma Technology (U.S.). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Global Refurbished Medical Devices Market has been segmented as below:
By Product Analysis
• Refurbished radiation oncology systems
• Refurbished minimally invasive devices
• Refurbished biotechnology instruments
• Refurbished diagnostic imaging equipment
By Regional Analysis
• North America
• Europe
• Asia-Pacific
• Rest of the World
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4) Assess your competitor’s refining portfolio and its evolution.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Methodology Steps
2.1.1 Secondary and Primary Research Methodology
2.1.1.1 Secondary Research
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Research
2.1.2.1 Key Data From Primary Sources
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Demographics (Aging Population)
2.2.2.2 Incidence and Prevalence of Cancer
2.2.2.3 Burden of Cardiovascular Disease (CVD)
2.2.2.4 Increasing Number of Diagnostic Imaging Procedures
2.2.2.5 Reimbursement Policies
2.2.3 Supply-Side Analysis
2.2.3.1 Consolidation of Hospitals in Developed Regions
2.2.3.2 Standards and Regulations
2.2.3.3 Growing Medical Tourism in Developing Countries
2.2.3.4 Parent Market Analysis: Medical Devices Market
2.3 Market Size Estimation Methodology
2.3.1 Research Methodology: Bottom-Up Approach
2.3.2 Research Methodology: Top-Down Approach
2.4 Research Design
2.5 Market Data Validation and Triangulation
2.6 Assumptions for the Study
3 Executive Summary
3.1 Introduction
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion
4 Premium Insights
4.1 Attractive Market Opportunities in the Global Refurbished Medical Equipment Market
4.2 Global Refurbished Medical Equipment Market, By Product (2019–2025)
4.3 Global Refurbished Medical Equipment Market, By Region (2019)
4.4 Global Refurbished Medical Equipment Market, By Region (2019–2025)
5 Market Overview
5.1 Introduction
5.2 Refurbished Medical Equipment Market Dynamics
5.2.1 Drivers
5.2.1.1 Cost Containment Pressure on Healthcare Organizations
5.2.1.2 Growing Demand for Refurbished Medical Equipment in the Private Healthcare Sector
5.2.1.3 Large Inventory of Old Or Used Medical Devices
5.2.1.4 Rising Demand for Capital-Intensive Diagnostic Imaging Equipment
5.2.1.5 E-Commerce Platform Enhancing the Ease of Purchase of Refurbished Medical Equipment
5.2.1.6 Environment-Friendliness of the Refurbishment Process
5.2.2 Restraints
5.2.2.1 Negative Perception About the Quality of Refurbished Medical Equipment Among End Users
5.2.2.2 Reluctance to Purchase Refurbished Medical Equipment Among Public Healthcare Providers
5.2.2.3 Lack of Awareness About the Benefits of Refurbished Equipment
5.2.3 Opportunities
5.2.3.1 Rapid Growth in the Number of Private Hospitals and Diagnostic Centers
5.2.3.2 Emerging Markets
5.2.4 Challenges
5.2.4.1 Stringent Regulations on the Import and Use of Refurbished Medical Equipment in Many Countries
5.2.4.2 Lack of Standardization and Harmonization of Policies on the Sale and Use of Refurbished Devices
5.2.4.3 Increase in Influx of Low-Cost New Medical Devices
6 Industry Insights
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Industry Trends
6.4.1 Growing Interest of Oems in the Refurbished Medical Equipment Industry
6.4.2 Rising Number of Service Offerings By Oems
6.4.3 Potential Market Growth for Electromechanical Refurbishment
6.4.4 Promotion of Environment-Friendly Refurbishing Programs By Oems
6.5 Strategic Recommendations
6.5.1 Introduction
6.5.2 Oems
6.5.2.1 Form Partnerships, Collaborations, and Agreements With Hospitals and Diagnostic Centers
6.5.2.2 Tap Countries With Growing Private Healthcare Sector and Non-Restrictive Regulatory Policies
6.5.2.3 Form Separate Recognized Refurbished Product Divisions
6.5.3 Third-Party Suppliers
6.5.3.1 Form Partnerships, Collaborations, and Agreements With Oems
6.5.3.2 Increase Capabilities to Carry Out Electromechanical Refurbishing
6.5.3.3 Form Partnerships, Collaborations, and Agreements With Hospitals and Diagnostic Centers
6.6 Pricing Analysis
7 Refurbished Medical Equipment Market, By Product
7.1 Introduction
7.2 Medical Imaging Equipment
7.2.1 X-Ray Machines
7.2.2 Ultrasound Systems
7.2.3 MRI Machines
7.2.4 CT Scanners
7.2.5 Nuclear Imaging Systems (Pet, Spect, and Pet/CT)
7.2.6 Other Medical Imaging Equipment
7.3 Operating Room & Surgical Equipment
7.3.1 Anesthesia Machines
7.3.2 CO2 and Agent Monitors
7.3.3 Microscopes
7.3.4 Electrosurgical Units
7.3.5 Other Operating Room and Surgical Equipment
7.4 Patient Monitors
7.4.1 Multiparameter Monitors
7.4.2 Electrocardiography Devices (ECG)
7.4.3 Pulse Oximeters
7.4.4 Noninvasive Blood Pressure Monitors
7.5 Cardiovascular & Cardiology Equipment
7.5.1 Heart-Lung Machines
7.5.2 Coagulation Analyzers
7.5.3 Other Cardiovascular & Cardiology Equipment
7.6 Defibrillators
7.6.1 Automatic External Defibrillators
7.6.2 Other Defibrillators
7.7 Neurology Equipment
7.7.1 EEG Machines
7.7.2 EMG Machines
7.8 Neonatal Intensive-Care Equipment
7.8.1 Monitors
7.8.2 Infant Incubators and Warmers
7.9 Intensive Care Systems
7.9.1 Hardwire Systems
7.9.2 Telemetry Systems
7.10 Endoscopy Equipment
7.11 Intravenous (IV) Therapy Systems
7.12 Other Medical Equipment
8 Refurbished Medical Equipment Market, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.4 Asia-Pacific
8.5 Rest of the World (RoW)
9 Competitive Landscape
9.1 Overview
9.2 Refurbished Medical Equipment Market Share Analysis
9.3 Competitive Situation and Trends
9.3.1 Agreements and Partnerships
9.3.2 Expansions
9.3.3 New Product Launches and Approvals
9.3.4 Acquisitions
9.3.5 Other Strategies
10 Company Profiles
10.1 Introduction
10.2 Ge Healthcare (A Wholly Owned Subsidiary of General Electric Company)
10.3 Philips Healthcare (A Business Unit of Koninklijke Philips N.V.)
10.4 Siemens Healthineers (A Subsidiary of Siemens AG)
10.5 Block Imaging International, Inc.
10.6 Soma Technology, Inc.
10.7 DRE Medical, Inc.
10.8 Agito Medical A/S
10.9 Everx Pvt Ltd.
10.10 Integrity Medical Systems, Inc.
10.11 Radiology Oncology Systems, Inc.
The Global Refurbished Medical Devices Market has been segmented as below:
By Product Analysis
• Refurbished radiation oncology systems
• Refurbished minimally invasive devices
• Refurbished biotechnology instruments
• Refurbished diagnostic imaging equipment
By Regional Analysis
• North America
• Europe
• Asia-Pacific
• Rest of the World
