Refurbished Medical Equipment Market Study 2019: Impressively growing Opportunities with Top Players GE Healthcare, Philips Healthcare, Siemens Healthineers, Soma Technology, Block Imaging International and Agito Medical
Refurbished medical equipment is defined as a restored medical device rebuilt to a condition that is comparable to the new equipment. Refurbishment includes reconditioning, repair, installation of certain software/hardware updates without changing the intended use of the original device, and replacement of worn parts. Technology in terms of software, hardware and others is changing at a faster pace, which shortens the interval between the purchase of superior systems and worn out of preoccupied devices. Factors driving growth of refurbished medical equipment market are increasing involvement of key manufacturers in refurbishment of their equipment and increasing demand of cost effective systems by small scale private hospitals and clinics. For example, high cost of huge and technologically complex equipment such as MRI systems and CT scanners is a restraining factor for small scale private hospitals and clinics, which leads to high demand for refurbished medical equipment and in turn propelling the market growth.Refurbished Medical Equipment Market DriverS
Increasing focus of original equipment manufacturers in refurbishment of medical device is expected to propel growth of the refurbished medical equipment market. For instance, companies such as GE Healthcare, Siemens, and Philips have now started focusing on refurbishment of large scanning machines such as angiography, radiology based equipment, magnetic resonance, X-ray systems, and other molecular imaging devices and are offering it at around 30% less cost of the new systems. Original equipment manufacturer-based refurbishment is more trusted by the end users. Moreover, adoption of effective remanufacturing standards is expected to enhance adoption of refurbished medical devices. For instance, Siemens remanufacturing process adheres to EN ISO 13485: 2003, which ensures quality management systems are used by medical device manufacturers and ISO 14001: 1996, which is an international standard for an effective environmental management system.
Request A Sample Copy:
https://www.coherentmarketinsights.com/insight/request-sample/1635
Increasing demand for medical devices at low cost is expected to aid in growth of the refurbished medical device market during the forecast period. Demand for refurbished medical device is higher in low income countries, due to low disposable income in the regions. High cost of large and technological advanced equipment is also estimated to have a major impact on growth of refurbished equipment market. Refurbished medical equipment are available at 30 to 50% lower price as compared to new equipment. Moreover, e-commerce platforms are expected to provide easy selling and purchasing options for refurbished medical equipment.
Refurbished Medical Equipment Market Restrain
Dearth of standardized regulatory policies for resale of refurbished device is expected to hamper the market growth over the forecast period. Moreover, negative perception about refurbished product is also expected to be a major restrain for growth of refurbished medical device market.
Refurbished Medical Equipment Market - Regional Analysis
Regional segmentation of refurbished medical equipment market by Coherent Market Insights includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds dominant position in refurbishment medical equipment market, owing to presence of major medical devices manufacturers, also providing refurbishment services and increasing number of end users. For instance, companies such as GE Healthcare and Philips Healthcare have high presence in this region. Moreover, according to American Hospital Association (AHA), an annual survey of hospitals in the U.S. suggests the total number of registered hospitals in the U.S. in 2017 were 5,534, which increased to 5,564 in year 2018. This increasing number of healthcare centers such as hospitals is leading to increasing demand for new as well as refurbished medical equipment, which in turn is positively impacting growth of the refurbished medical equipment market. Moreover, Asia Pacific is expected to witness fast growth due to improving medical facilities, unmet medical needs and increasing medical tourism.
Refurbished Medical Equipment Market – Competitive Landscape
Key players operating in the refurbishment of medical device market include GE Healthcare (a wholly owned subsidiary of General Electric Company), Philips Healthcare (part of Koninklijke Philips N.V.), Siemens Healthineers, Soma Technology, Inc., Block Imaging International, Inc., and Agito Medical A/S.
Market Taxonomy
Global refurbished medical equipment market is segmented on the basis of product type:
Operating Room Equipment & Surgical Equipment
Patient Monitors
Defibrillators
Medical Imaging Equipment
Cardiovascular & Cardiology Equipment
Neurology Equipment
Endoscopy Equipment
Intensive Care Unit Equipment
Neonatal Intensive Care Units Equipment
IV Therapy Systems
Other Equipment
Global refurbished medical equipment market is segmented on the basis of end user
Hospitals
Diagnostic Centers
Clinics
Ambulatory surgical centers
Others
Global refurbished medical equipment market is segmented on the basis of region
North America
Europe
Latin America
Asia Pacific
Middle East
Africa
Download the PDF brochure:
https://www.coherentmarketinsights.com/insight/request-pdf/1635
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Refurbished Medical Equipment Market Study 2019: Impressively growing Opportunities with Top Players GE Healthcare, Philips Healthcare, Siemens Healthineers, Soma Technology, Block Imaging International and Agito Medical here
News-ID: 1753793 • Views: …
More Releases from Coherent Market Insights
Board Packaging Market Analysis: Insights into Market Dynamics and Future Growth …
The latest report published by Coherent Market Insights highlights the growth prospects of the Board Packaging Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such…
Tankless Water Heater Market Analysis: Growth Factors, Opportunities, Challenges …
The latest report published by Coherent Market Insights highlights the growth prospects of the Tankless Water Heater Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors…
Bispyribac Sodium Market Research Report: Industry Analysis, Size, Share, Growth …
The latest report published by Coherent Market Insights highlights the growth prospects of the Bispyribac Sodium Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such…
Electroplating Market: An Insightful Evaluation of Growth, Demand, Trends, and F …
The global electroplating market is US$ 18.40 Billion in 2022 and projected to reach US$ 27.3 Billion by the end of 2030, in terms of revenue, growing at CAGR of 5.06% during the forecast period (2023 to 2030).
The latest report published by Coherent Market Insights highlights the growth prospects of the Electroplating Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast.…
More Releases for Equipment
Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip …
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,…
Global Epitaxy Growth Equipment Market By Type (LED Epitaxy Growth Equipment, La …
The Global Epitaxy Growth Equipment Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Epitaxy Growth Equipment Market report aims to provide an overview of Epitaxy Growth Equipment Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending report Worldwide Epitaxy…
Livestock Farm Equipment Market to Experience a Significant Increase in Revenues …
Animals that are raised in a farm for the production of commodities such as meat, eggs, wool, fur, leather as well as for labor are known livestock animals. The term livestock was initially used in the 1650-1660. In some periods since then, livestock and cattle was used interchangeably. However, today cattle is referred to domesticated bovines while livestock has a wider reference that includes chickens, horses, rabbits, pigs, camel, goats,…
Global Construction Equipment Rental Market 2018 - Ahern Equipment Rental, Cater …
The global Construction Equipment Rental market research report 2019 -2023 proposes a thorough analysis of the Construction Equipment Rental market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Construction Equipment Rental market report provides a wide-range of Construction Equipment Rental market segmentation Earthmoving…
Durable Medical Equipment Market Size, Durable Medical Equipment Market Share, D …
According to a new study published by Polaris Market Research the Global Durable Medical Equipment (DME) market is anticipated to reach USD 246.6 billion by 2026.
Request for Sample of This Research Report @ https://bit.ly/2PNhMF7
Top Key Players:-
Stryker Corporation
Medtronic plc
Baxter International
Medline Industries
Becton
Dickinson and Company
Sunrise Medical (US) LLC
Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipment…
Poultry Breeding Equipment Market Report 2018: Segmentation by Product (Normal E …
Global Poultry Breeding Equipment market research report provides company profile for Facco, Shanghai Extra Machinery, Guangzhou Huanan Poultry Equipment, Texha, Big Dutchman, Big Herdsman Machinery, Chore-Time Brock, Guangdong Guangxing and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year…