Refurbished Medical Devices Market Overview:
The Refurbished Medical Devices are defined as the used medical devices which are restored by the manufacturer or other repairing expert into nearly original conditions. Increasing prevalence of cancer and other diseases has driven the growth of this market.
Moreover, increasing privatization, presence of many low and medium budget hospitals and clinics and increasing demand for the refurbished medical devices due to its low cost also have a considerable impact of the growth of the market. While huge taxes on import of medical devices, lack of awareness regarding refurbished medical devices and unwillingness to pay for refurbished devices may restrain the growth of the market.
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Refurbished Medical Devices Market Segmentation
Global refurbished medical devices market is segmented on the basis of diagnostic devices into patient monitors, X-Ray Machines, CT scanners, Ultrasound Systems, MRI machines, ECG systems, and other. On the basis of therapeutic devices the market is segmented in heart-lung machines, coagulation analyzers, infant incubators and warmers, defibrillators, infusion pumps and other.
Patients monitor devices covers the largest market share in global refurbished medical devices market on the basis of diagnosis. This is due to increasing awareness for chronic diseases and low product cost and technological advances in the patients monitoring devices.
Key Players for Global Refurbished Medical Devices Market
GE Healthcare (US), Stryker Corporation (US), Phillips Healthcare (Netherlands), Siemens Healthcare (Germany), Agito Medical (Denmark), DMS Topline (U.S.), Johnson & Johnson (US), First Source, Inc (U.S.), and Soma Technology (U.S.), Toshiba Medical System (Japan), Block Imaging International (US).
Refurbished medical devices are defined as the used medical devices which are restored by the manufacturer or other repairing expert into nearly original conditions. Increasing prevalence of cancer and other diseases has driven the growth of this market. Moreover, increasing privatization, presence of many low and medium budget hospitals and clinics and increasing demand for the refurbished medical devices due to its low cost also have a considerable impact of the growth of the market. While huge taxes on import of medical devices, lack of awareness regarding refurbished medical devices and unwillingness to pay for refurbished devices may restrain the growth of the market.
Refurbished Medical Devices Market Regional Analysis:
On regional basis, global refurbished medical devices market is segmented into North America, Europe, Asia Pacific and Middle East and Africa. North America commands the largest market for refurbished medical devices. Huge number of patient population, increasing aging population and cost containment issues related to healthcare budgets are the major reason for the growth of refurbished medical devices market in North America. Europe as the second largest market which is driven by increasing awareness about refurbished medical devices and poor reimbursement policies for new medical devices. Economic crises and low product cost has forced the people for adoption of refurbished medical devices. Asia Pacific is the fastest growing region for refurbished medical devices market. High cost of new medical devices and presence of number of low budget hospitals has led to increase this market in Asia Pacific region.
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Major Table of Content Refurbished Medical Devices Market Research Report- Global Forecast to 2023:
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumption
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
2.5 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.1 Drivers
TOC Continued…!
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