Refurbished Medical Imaging Equipment Market by Americas, EMEA and APAC Region 2017 to 2021

MarketResearchNest.com adds “Global Refurbished Medical Imaging Equipment Market 2017-2021” new report to its research database. The report spread across in 86 pages with table and figures in it.

Research analysts forecast the global refurbished medical imaging equipment market to grow at a CAGR of 8.09% during the period 2017-2021.
A refurbished equipment is a repaired or refined version of an old equipment, produced by restoring the devices to original condition without altering any of the product's specifications. In the refurbishment process, the equipment undergoes changes such as decontamination, repair, replacement of worn parts, software upgrade, full cosmetic rehabilitation, calibration, and other procedures that are required to match the specifications of the original equipment manufacturer (OEM).

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Technavio recognizes the following companies as the key players in the global refurbished medical imaging equipment market:
Atlantis Worldwide, Block Imaging, GE Healthcare, Philips Healthcare, Siemens Healthineers, and Toshiba Medical Systems.

Other Prominent Vendors in the market are:
AGITO MEDICAL, DRE Medical, Everx, Hitachi Medical, Integrity Medical Systems, Radiology Oncology Systems, and Soma Technology.

One trend in the market is increasing adoption of eco-friendly practices. Refurbishment of used or pre-owned medical equipment helps to save energy and resources while preventing unnecessary waste and allowing better access to affordable quality equipment. Exposure to medical device waste can also cause cancer and other serious health issues.

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According to the report, one driver in the market is increasing demand for cost-effective and efficient medical imaging devices. Most of the global population does not have access to quality healthcare services, especially in the developing countries. High R&D and manufacturing costs are involved in the design and development of new advanced medical imaging equipment. Hence, new medical imaging equipment is highly expensive. The cost burden will be more when coupled with the installation and maintenance charges for the equipment, making them unaffordable for many hospitals and diagnostic centers due to budget constraints.

Further, the report states that one challenge in the market is negative perception of end-users about refurbished medical equipment. Many large hospitals and physicians do not take the risk of buying refurbished medical devices due to the negative perception of their quality and durability, and fear on vendor unreliability. In some cases, the OEMs restrict the hospitals from purchasing refurbished equipment, by warning them that they will not support older models. Moreover, concerns over the low resale value of the refurbished equipment impede their adoption by end-users. Furthermore, the negative outlook of the physicians, patients, and public institutes toward refurbished medical imaging equipment is a major factor limiting the growth of this market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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