Global Refurbished Medical Devices Market 2016-2020

  • ID: 3883998
  • Report
  • Region: Global
  • 65 pages
  • TechNavio
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • Agito Medical
  • and Stryker.
  • DRE Medical
  • Everx
  • GE Healthcare
  • Integrity Medical Systems
  • MORE
About Refurbishment

Refurbishment involves restoring equipment to its original condition without altering any of the product's specifications. The process ensures maintenance of the safety and efficacy of the medical equipment without altering its performance. Therefore, refurbishment varies from the replacement of worn parts to cosmetic changes to complete the end-to-end manufacturing process. Usually, the replacement cycle depends on the agreement between vendor and end-user. For most refurbished medical devices, the replacement is done after 3-5 years and depends on the working condition of the device.

The analysts forecast the global refurbished medical devices market to grow at a CAGR of 7.39% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global refurbished medical devices market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of global refurbished medical devices.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Refurbished Medical Devices Market 2016-2020, 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. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
- Toshiba Medical Systems

Other prominent vendors
- Agito Medical
- Block Imaging International
- DRE Medical
- Everx
- Integrity Medical Systems
- Radiology Oncology Systems
- Soma Technology
- Stryker

Market drivers
- Increased sales through online marketing
- For a full, detailed list, view the full report

Market challenges
- Concerns regarding quality, safety, and efficacy
- For a full, detailed list, view the full report

Market trends
- OEMs with strategic partnerships to propel refurbished devices market
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Agito Medical
  • and Stryker.
  • DRE Medical
  • Everx
  • GE Healthcare
  • Integrity Medical Systems
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product
  • Global refurbished diagnostic imaging equipment market
  • Global refurbished minimally invasive devices market
  • Global refurbished biotechnology instruments market
  • Global refurbished radiation oncology systems market
PART 07: Market segmentation by end-user
  • Hospitals
  • Diagnostic centers and private practices
PART 08: Geographical segmentation
  • Refurbished medical devices market in Americas
  • Refurbished medical devices market in EMEA
  • Refurbished medical devices market in APAC
PART 09: Market drivers
  • Increased adoption of low-cost refurbished medical devices due to financial constraints
  • Rise in privatization in healthcare sector
  • Increased sales through online marketing
  • Decreasing reimbursements for medical procedures
  • High demand from developing countries
PART 10: Impact of drivers

PART 11: Market challenges
  • Negative outlook toward purchase of refurbished medical equipment
  • Concerns regarding quality, safety, and efficacy
  • Stringent purchasing policies
  • Availability of remanufactured devices
PART 12: Impact of drivers and challenges

PART 13: Market trends
  • Increase in adoption of eco-friendly practices
  • OEMs with strategic
PARTnerships to propel refurbished devices market
  • Increase in M&A
PART 14: Vendor landscape
  • Competitive scenario
PART 15: Key vendor analysis
  • Key vendor analysis by geography
  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthcare
  • Toshiba Medical Systems
  • Other prominent vendors
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits
Exhibit 01: Classification of global refurbished medical devices market 2015
Exhibit 02: Product offerings
Exhibit 03: Global refurbished medical devices market: Overview
Exhibit 04: Global refurbished medical devices market 2015-2020 ($ billions)
Exhibit 05: Impact assessment of key trends in global refurbished medical devices market
Exhibit 06: Five forces analysis
Exhibit 07: Global refurbished medical devices market by application 2015-2020
Exhibit 08: Global refurbished diagnostic imaging equipment market 2015-2020 ($ billions)
Exhibit 09: Global refurbished diagnostic imaging equipment market by product 2015
Exhibit 10: Global refurbished CT systems market 2015-2020 ($ billions)
Exhibit 11: Global refurbished MRI systems market 2015-2020 ($ billions)
Exhibit 12: Global refurbished ultrasound systems market 2015-2020 ($ millions)
Exhibit 13: Global refurbished X-ray, C-arm, and radiography equipment market 2015-2020 ($ millions)
Exhibit 14: Global refurbished patient monitoring devices market 2015-2020 ($ millions)
Exhibit 15: Global refurbished mammography equipment market 2015-2020 ($ millions)
Exhibit 16: Global refurbished nuclear medicine devices market 2015-2020 ($ millions)
Exhibit 17: Global refurbished minimally invasive devices market 2015-2020 ($ billions)
Exhibit 18: Global refurbished biotechnology instruments market 2015-2020 ($ millions)
Exhibit 19: Global refurbished radiation oncology systems market 2015-2020 ($ millions)
Exhibit 20: Global refurbished medical devices market by end-user 2015
Exhibit 21: Global refurbished medical devices market by end-user 2015-2020
Exhibit 22: Global refurbished medical devices market by end-user 2015-2020 ($ billions)
Exhibit 23: Global refurbished medical devices market by geography 2015
Exhibit 24: Refurbished medical devices market in Americas 2015
Exhibit 25: Refurbished medical devices market in Americas 2015-2020 ($ billions)
Exhibit 26: Refurbished medical devices market in EMEA 2015
Exhibit 27: Â Refurbished medical devices market in EMEA 2015-2020 ($ billions)
Exhibit 28: Refurbished medical devices market in APAC 2015
Exhibit 29: Refurbished medical devices market in APAC 2015-2020 ($ billions)
Exhibit 30: Impact of drivers
Exhibit 31: Impact of drivers and challenges
Exhibit 32: Competitive structure analysis of global refurbished medical devices market 2015
Exhibit 33: Global refurbished medical devices market: Competitive landscape 2015
Exhibit 34: Regional analysis of key vendors
Exhibit 35: GE Healthcare: Strength analysis
Exhibit 36: GE Healthcare: Growth strategy matrix
Exhibit 37: GE Healthcare: Opportunity assessment
Exhibit 38: Philips Healthcare: Strength analysis
Exhibit 39: Philips Healthcare: Growth strategy matrix
Exhibit 40: Philips Healthcare: Opportunity assessment
Exhibit 41: Siemens Healthcare strength analysis
Exhibit 42: Siemens Healthcare: Growth strategy matrix
Exhibit 43: Siemens Healthcare: Opportunity assessment
Exhibit 44: Toshiba Medical Systems: Strength analysis
Exhibit 45: Toshiba Medical Systems: Growth strategy matrix
Exhibit 46: Toshiba Medical Systems: Opportunity assessment
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Agito Medical
  • and Stryker.
  • DRE Medical
  • Everx
  • GE Healthcare
  • Integrity Medical Systems
  • MORE
New Report Released: – Global Refurbished Medical Devices Market 2016-2020

The author of the report recognizes the following companies as the key players in the global refurbished medical devices market: GE Healthcare, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems, Agito Medical, Block Imaging International, DRE Medical, Everx, Integrity Medical Systems, Radiology Oncology Systems, Soma Technology, and Stryker.

Commenting on the report, an analyst from the research team said: “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.”

According to the 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.

Further, the 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.

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.
Note: Product cover images may vary from those shown
5 of 5
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
- Toshiba Medical Systems
- Agito Medical
- Block Imaging International
- DRE Medical
- Everx
- Integrity Medical Systems
- Radiology Oncology Systems
- Soma Technology
- and Stryker.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll