Refurbished Medical Devices Market Research Report covers the present scenario and the growth prospects of the Refurbished Medical Devices Industry for 2016-2020. Refurbished Medical Devices Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Refurbished Medical Devices globally.
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The Refurbished Medical Devices Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Refurbished Medical Devices Market:
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
- Toshiba Medical Systems
Other Prominent Vendors of Refurbished Medical Devices Market Are:
- Agito Medical
- Block Imaging International
- DRE Medical
- Integrity Medical Systems
- Radiology Oncology Systems
“One of the key trends for market growth will be increase in M&A. Many companies are highly focused on M&A to increase their customer base, product portfolio, and services and solutions by scaling manufacturing of products. For instance, Philips acquired Volcano in 2015. The increase in value generated, cost efficiency, and market share are the prominent results of M&A. The expansion of product of the parent company and entry of a company into the new geographical area would be easy either by merger or acquisition of a local manufacturer. The customer base will increase as the product portfolio widens with M&A. In order to maintain strong bonding with customers, manufacturers have to focus on offering customer-oriented services and solutions.”
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According to the Refurbished Medical Devices Market report, one of the key drivers for market growth will be rise in privatization in healthcare sector. Privatization is usually profit driven, and the management has autonomous control over the quality and pricing of the procedures performed. Along with privatization, the demand for high standards of treatment has increased leading to the procurement of advanced devices for patient treatment was observed. Many healthcare institutions like hospitals and diagnostic centers have purchased high-cost equipment at a relatively lower price in the form of refurbished devices. Most of them included diagnostic equipment, few to quote such as X-ray, CT, and MRI machines. The refurbished devices enabled these healthcare institutions to equip fully with various costly devices. The equipping of devices by those institutions move ahead of their competitors by providing a wide range of services to patients at low cost.
Report also presents Geographical Segmentation analysis of Refurbished Medical Devices Market of Americas, APAC, EMEA region.
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Further, the Refurbished Medical Devices Market report states that availability of remanufactured devices will be a challenge for the market. A refurbished product requires only the replacement of worn-out parts and cleaning of the medical devices. The remanufacturing of medical devices is an expensive procedure, but it is more precise and works toward achieving a higher standard compared to refurbishing of medical devices. Though the installation costs for remanufactured medical equipment increases the capital investment, it also enhances the affordability of the latest technology. The demand from hospitals and ASCs for remanufactured devices has created opportunities for manufacturers in Asia to provide these devices at low cost. Eventually, they will provide a tough competition to refurbished devices.
Key questions answered in Refurbished Medical Devices market report:
- What will the Refurbished Medical Devices market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving Refurbished Medical Devices market?
- What are the challenges to Refurbished Medical Devices market growth?
- Who are the key vendors in Refurbished Medical Devices market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 65
Price of Report: $ 2500 (Single User License)
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