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European Markets for Refurbished Medical Imaging Systems
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Description: |
Rapid Technological Evolution a Key Driver for Refurbished Imaging Equipment Market
Increasingly sophisticated medical imaging equipment are being introduced in the European market every year, rendering old imaging equipment obsolete. This propels the end users to purchase latest technology products for their hospitals. Private health care institutions are also keen on investing in such equipment, but budgetary constraints prevent them from purchasing them. Hence, refurbished medical imaging equipment is likely to be the most viable and cheap alternative to high-end equipment for these institutions. As private healthcare institutions are key end users of refurbished equipment, anticipated growth in their number is likely to further strengthen the European markets for refurbished medical imaging equipment.
This Frost & Sullivan research offers a comprehensive analysis of the European markets for refurbished medical imaging equipment, segmenting it into cardiovascular X-ray, fluoroscopy, ultrasound, computed tomography (CT) and magnetic resonance imaging (MRI). In addition to detailed insights into industry challenges and market drivers, this study provides strategic growth recommendations to vendors.
Increased Procedure Volumes and Budgetary Constraints Compel Hospitals to Look for Cheaper Alternatives
The increase in medical procedures in Europe has stimulated demand for greater number of imaging equipment in hospitals. Many institutions which require a second or third equipment to cope with the increasing demand opt for low-cost refurbished equipment as they are unable to invest in new equipment due to limited funds. Escalating need to procure high-end but inexpensive medical imaging equipment promises further growth of refurbished medical imaging equipment market, notes the analyst of this research.
High Inventory of Used Imaging Equipment Fuels Growth of Market
Increasing supply of refurbished equipment owing to replacement of used-but-not-very-old systems with new upgraded ones is anticipated to drive the growth of refurbished medical imaging equipment market in Europe, notes the analyst.
The health care systems in Europe, especially the public hospitals, are equipped with excellent medical facilities due to constant investment of government bodies in technologically upgraded products. Public health care institutions sell off older systems to vendors to create room for more efficient and technologically advanced equipment. The local vendors and original equipment manufacturers (OEMs) refurbish these old, well-maintained systems and sell them to private health care institutions. As this trend continues, the European market for refurbished medical imaging equipment is poised to grow.
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Contents: |
1. Executive Summary
- 1. Executive Summary
- - 1. Summary of European Refurbished Medical Imaging Systems Market
2. Introduction to the Refurbished Medical Imaging Systems Market
- 1. Glossary of Terms
- - 1. Key Abbreviations
- 2. Introduction to the Refurbished Medical Imaging Systems Market
- - 1. Overview of the Refurbished Medical Imaging Systems Market
3. Industry Challenges
- 1. Market Challenges and Issues
- - 1. Challenges Facing the European Refurbished Medical Imaging Systems Market
- 2. Time Frame Analysis
- - 1. Time Frame Analysis of the Industry Challenges
4. Market Engineering Measurements for the European Refurbished Medical Imaging Systems Market
- 1. Forecast of the Total Refurbished Medical Imaging Systems Market
- - 1. Market Overview and Definitions
- - 2. Market Engineering Measurements
- - 3. Market Drivers
- - - a. Introduction of New Technology at a Fast Rate
- - - b. Increase in Number of Private Healthcare Institutions
- - - c. High Installed Base Provides Adequate Supply of Used Equipment
- - - d. Increase in Number of Procedures Force the Hospitals to Look for Cheaper Alternatives
- - - e. Refurbishment Seen as One of the Methods to Improve Customer Relationship
- - 4. Market Restraints
- - - a. Technology Development in Modality
- - - b. Reimbursement Thwarts the Refurbished Equipment Market in Some Key Countries
- - - c. Competition from New High-end Products and the Financial Schemes and Services
- - - d. Competition from Cheap Local New Products
- - - e. Digitisation Initiatives by Healthcare Institutions
- - - f. Negative Reputation of the 'Second Hand' Equipment
- - - g. Spare Parts of the Outdated Equipment
- - - h. Unfavourable Business Cycle Coupled with Unhealthy Payment Terms
- - 5. Revenue Forecasts
- - 6. Geographical Trends
- - 7. Trends by Segment
- - 8. Technology Trends
- - 9. Pricing Analysis
- - 10. Competitive Structure
- 2. Forecast for the Refurbished Cardiovascular X-ray Market
- - 1. Market Overview and Definitions
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 3. Forecast for the Refurbished Fluoroscopy Market
- - 1. Market Overview and Definition
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 4. Forecast for the Refurbished Ultrasound Scanner Market
- - 1. Market Overview and Definition
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 5. Forecast for Refurbished Computed Tomography (CT) Scanner Market
- - 1. Market Overview and Definition
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 6. Forecast for Refurbished Magnetic Resonance Imaging (MRI) Market
- - 1. Market Overview and Definition
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
5. European Refurbished Medical Imaging Systems Market- Trends by Geographic Region
- 1. The Refurbished Medical Imaging Systems Market in the United Kingdom
- - 1. Market Overview
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 2. The Refurbished Medical Imaging Systems Market in Germany
- - 1. Market Overview
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 3. The Refurbished Medical Imaging Systems Market in France
- - 1. Market Overview
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 4. The Refurbished Medical Imaging Systems Market in Italy
- - 1. Market Overview
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 5. The Refurbished Medical Imaging Systems Market in Spain
- - 1. Market Overview
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
- 6. The Refurbished Medical Imaging Systems Market in the Benelux
- - 1. Market Overview
- - 2. Market Engineering Measurements
- - 3. Revenue Forecasts
6. Market Engineering Strategy
- 1. Strategic Recommendations
- - 1. Strategic Recommendations for the Refurbished Medical Imaging Systems Market
- - 2. End-user Preferences
7. Frost & Sullivan Awards
- 1. Awards for the European Refurbished Medical Imaging Systems Market
- - 1. Frost & Sullivan Awards
- - 2. Customer Service Leadership Award
- - 3. Entrepreneurial Company Award
- - 4. Business Development Strategy Leadership Award
8. Database of Key Industry Participants
- 1. Database of Key Industry Participants
- - 1. Key OEM Participants
- - 2. Key Brokers and Refurbishers
9. Decision Support Databases
- 1. Database on Healthcare Infrastructure
- - 1. Number of Hospitals in Europe
- - 2. Number of Hospital Beds in Europe
- 2. Database on Healthcare Expenditure
- - 1. Total Healthcare Expenditure in Europe
- - 2. Government Healthcare Expenditure in Europe
- - 3. Private Healthcare Expenditure in Europe
- 3. Database on Demographics
- - 1. Database on Population aged 65 and above
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