According to the report “Asia-Pacific Refurbished Medical Devices Market by Product Type (Operating Room Devices & Surgical Devices, Patient Monitors, Defibrillators, Neurology Devices, Medical Imaging Devices, Cardiovascular & Cardiology Devices, IV Therapy Systems, Endoscopy Devices, Intensive Care Systems, Neonatal Intensive-Care Devices, and Other Medical Devices) and by Region – Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)”, published by Market Data Forecast, the global market is projected to reach USD 2.52 Billion by 2021, at a CAGR of 13.17% from 2016 to 2021.
Factors such as growing privatization of the healthcare sector, increasing number of surgical centers and hospitals, and the escalating focus of international and domestic players in the Asia-Pacific refurbished medical devices market are boosting its growth.
Rise in demand is observed for the refurbished medical devices market, along with the noveldevices market.Refurbishment of devices is a structuredtechnique or a procedure to inspect the safety &efficiency of the used device and confirms that all the safety factors are met before the use of the device, without altering its proposed use as per the original listing. The life of medical devices also plays a vibrant role for stipulation of refurbished device.
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Development of the private healthcare sector has augmented the interest of high-quality imaging modalities, as private hospitals emphasis strongly on returns on investment. Refurbished medical imaging devices offer these hospitals with a chance to stay ahead of contenders by directing more advanced procedures at a lesser cost.Government regulations that have constrained the purchase of used devices in some regions are expected to hinder the market growth.
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By Product Type:
- Operating Room Devices & Surgical Devices
- Patient Monitors
- Neurology Devices
- Medical Imaging Devices
- Cardiovascular & Cardiology Devices
- IV Therapy Systems
- Endoscopy Devices
- Intensive Care Systems
- Neonatal Intensive-Care Devices
- Other Medical Devices
The key players in the refurbished medical devices market are Siemens Healthcare systems, First Source Inc., DMS Topline, Radio Oncology Systems Inc., Johnson & Johnson, GE Healthcare, DRE Inc., Block Imaging International Inc., Integrity Medical systems Inc., Everx Pvt Ltd., Philips Healthcare, Agito medical A/S and Soma Technology.
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The Refurbished medical devices market study offers the following deliverables:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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