Refurbished Medical Equipment Market - 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

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.

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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.

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Major Players Are: 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.

The report contains parts that feature the accompanying about the business that can be conveyed

Analysis of market effect factors including technical progress / risk, consumer needs / changing customer preferences and economic / political environmental changes
Refurbished Medical Equipment Market forecast including production, consumption, import and export forecast by type, applications and region
Refurbished Medical Equipment Market dynamics, regulation and trend analysis - market dynamics, regulation scenario, industry trend, mergers and acquisitions, new system introduction / approval, value chain analysis, porter analysis and pest control analysis
Global Refurbished Medical Equipment Market by Region
Manufacturer's Refurbished Medical Equipment Market competition, including production, share, yield, average price, production base distribution, sales area and product type
Refurbished Medical Equipment Market manufacturer profiles / analysis, including the basic information of the company, the production base and its competitors
Refurbished Medical Equipment Analysis of market production costs, including key raw materials and key raw material suppliers
Industry chain, procurement strategy and downstream purchasers, including downstream sourcing and downstream purchasing
Marketing strategy analysis, distributors / dealers including marketing channel, market positioning and list of distributors / dealers
Research results and conclusion

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