North American and the Asia-Pacific region account for the largest Markets for Refurbished Pre-Owned Medical Devices

Pre-Owned medical devices are defined as the devices that were owned earlier by any healthcare institution and that are now subject to sale or repurchase after refurbishment. ‘Refurbishment’ is defined as restoration of the device to its original specifications including replacement of basic wear parts and aesthetic changes to a complete end-to-end refurbishment. The pre-owned medical devices market study is thus, of interest of the refurbishment service providers. This report exclusively studies the market for pre-owned medical devices from aspects such as value of the refurbishment services rendered, per medical device type. The pre-owned medical devices market is classified by the medical device type that is refurbished i.e. X-ray and Mammography Machines, CT Machines, MRI Machines, UltraSound Machines, Nuclear Imaging and Medicine Devices and C-arm Devices. The market size and forecast for the period 2013 – 2019, in terms of USD million, considering 2012 as the base year has been provided for each segment and sub-segment in the report. The compound annual growth rate (CAGR) for each segment has been provided for the forecast period from 2013 – 2019.

Download PDF Brochure of Report - http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1706

Geographically, the market for global pre-owned medical devices has been classified into four regions - North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecast for each region along with their market growth rate has been highlighted. The market overview section of the report comprises of a qualitative analysis of the market in terms of drivers, restraints and opportunities, along with market attractiveness analysis.

The report concludes with the competitive landscape and company profiles of few market players in this industry, as of 2012. The market players profiled in this report include GE Healthcare, Philips Healthcare, Siemens Healthcare, Soma Technology, Agito Medical, Toshiba Medical Systems.

It is widely-accepted and validated by organizations such as the COCIR, JIRA, MITA and International Association of Medical Equipment Remarketers and Servicers (IAMERS) that the process of refurbishment prolongs the effective life of a medical device. Typically, for all high-value, fixed/stationary medical devices, it has been observed that during the prescribed lifetime, many critical components undergo rapid wear-and-tear; the embedded software/technology turns obsolete. Over and above such hardware and software technological obsolescence, acquiring the components is rendered difficult due to many factors such as closure of production of components by suppliers, installation of such medical devices in difficult-to-reach geographical areas with no distribution coverage and other factors. Hence, mid-life intervention via refurbishment is thus of significance for effective and optimum usage of the medical devices.

The pre-owned medical devices market can thus be segmented into types of pre-owned medical devices that are refurbished, namely - X-ray and Mammography Machines, CT Machines, MRI Machines, UltraSound Machines, Nuclear Imaging and Medicine Devices and C-arm Devices. Globally, the pre-owned X-ray and Mammography machines market, from 2013, is estimated to grow at a CAGR of over 6% till 2019. The new X-ray and Mammography machines are comparatively less expensive than other new medical devices such as CT/MRI/PET/SPECT machines; hence the customer entities typically tend to purchase new X-ray and Mammography machines than such refurbished pre-owned machines. Thus currently, in terms of value, although the refurbished pre-owned X-ray and Mammography machines market accounts for the largest market, its growth rate is expected to be minimal as compared to that of other refurbished pre-owned medical devices market segments.

Read Report with Complete TOC - http://www.transparencymarketresearch.com/pre-owned-medical-devices-market.html

About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.