Refurbished Medical Devices Market Size, Growth, Segmentation, Share, Forecast 2018-2023

Refurbished medical devices, Increasing adoption of low cost refurbished equipment, rising demand in emerging economies due to budget constraints, increasing privatization of healthcare sector, rise in sales due to online marketing are the key factors that driving the market. The global refurbished devices market is segmented into type of devices, application and end user. The type of devices segment bifurcated into operating room equipment and surgical devices, patient monitors, defibrillators, medical imaging devices and other devices. The application segment is bifurcated into cardiology, neurology, endoscopy and other applications. The end user segment is bifurcated into hospitals and private clinics. Quality issues such as safety and efficacy, stringent government policies for uses of refurbished devices are restraining the market growth. Focus on high quality compliance of refurbished equipment as a competitive advantage is the opportunity of the market.

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The Global Refurbished medical equipment Market is segmented on the basis of type, application, end user and geography. The report provides detailed and insightful chapters on Market Overview, Key Findings, Strategic Recommendations, Market Estimations, Market Determinants, Sector Analysis, Key Company Analysis, Market Insights, Company Profiling, Market Segmentation, Geographical Analysis, Analyst Insights and predictive analysis of the market.

“The refurbished medical equipment market is driven by rise in sale of the refurbished device owing to the online marketing. Vendors are adopting various strategies such as organizing promotional event at several healthcare organizations, participating in industry exhibitions and online marketing for the promotion and advertisement of their device to a larger consumer base. Online marketing allows the vendors for attracting more consumers in a quick and easy way. Online marketing of the devices has many advantages as minimum distribution and operational costs that encourage players for shifting their promotional events online. The manufacturers sell their refurbished medical equipment online along with their accessories that add value to the customer purchase. Vendors are even adopting strategies such as include discounts and promotional offers on single and bulk purchase of devices for increasing the sale of their devices.”

The market on the basis of geography is divided among four major regions – North America, APAC, Europe, and Rest of the world. North America is the leading market. The market is expected to grow at a stable CAGR. North American market is driven by increasing adoption of low cost refurbished devices in the US. Asia Pacific market is expected to have the highest CAGR amongst all regions for the forecasted period of 2018-2023. APAC market is driven by the increasing demand in the region owing to the budget constraints of private hospitals.

The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, patent analysis, pipeline analysis, market determinants, key company analysis, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.

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Global Refurbished Medical Devices Market Segmentation

By Type
• Operating Room Equipment And Surgical Devices
o Anesthesia Machines
o Operating Tables
o Operating Lights
o Surgical Light Sources
o Surgical Microscopes
o Medical Gas Equipment
o Others
• Diagnostic/Imaging
o Mri
o Ct Scanners
o Ultrasound Systems
o Other (X-Ray Machines, Pet/Ct, C-Arm, Mammography)
• Patient Monitors
o Ecg
o Fetal Monitors
o Pulse Oximeters
o Others
• Defibrillators
• Other Devices

By Application
• Cardiology
• Neurology
• Endoscopy
• Other Applications

By End User
• Hospitals
• Private Clinics

Regional Analysis

North American
• United States
• Canada

Europe
• U.K
• Germany
• Italy
• Spain
• France
• Roe

Asia Pacific
• India
• China
• Japan
• Roapac

Rest of the World

Company Profiles
• 3krf
• Agito Medical A/S
• Advanced Microderm, Inc
• Block Imaging International
• Biomex
• Dre Medical
• Dms Topline
• Everx Pvt Ltd
• First Source Inc
• Ge Healthcare

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