Global Refurbished Medical Devices Market 2019-2023 - Product Image

Global Refurbished Medical Devices Market 2019-2023

  • ID: 4668753
  • Report
  • Region: Global
  • 120 pages
  • TechNavio
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FEATURED COMPANIES

  • Block Imaging
  • Canon
  • General Electric
  • Koninklijke Philips
  • Siemens Healthineers
  • MORE
About this market

With the increasing privatization in healthcare sector, there is a growing demand for refurbished medical devices. The privatization in the healthcare sector is rapidly increasing due to the inability of governments to invest efficiently in the healthcare sector and due to high demand for innovation and technology for superior healthcare services. For instance, in February 2018, Saudi Arabia launched the healthcare privatization program. Likewise, in August 2018, Koninklijke Philips acquired Xhale Assurance, a US-based medical technology company developing and commercializing patient-centric monitoring solutions for the healthcare industry. The analysts have predicted that the refurbished medical devices market will register a CAGR of more than 10% by 2023.

Market Overview

Growing adoption of refurbished and used medical equipment due to financial constraints

Many vendors are experiencing lower margins of profit owing to the extensive investments on drugs and labor wages which has diminished their spending on crucial products such as medical devices. The growth of the global refurbished medical device market is also boosted by the rising of adoption of used medical equipment owing to the high cost of new medical devices.

Negative outlook towards the purchase of refurbished medical devices

Most healthcare service providers do not take the risk of buying refurbished medical devices due to the negative perception of such equipment and devices. Furthermore, the probability of facing warranty and service related issues increase with the use of refurbished medical devices, which reduces the demand and sales of used medical equipment.

For the detailed list of factors that will drive and challenge the growth of the refurbished medical devices market during the 2019-2023, view the full report.

Competitive Landscape
The market appears to be growing concentrated and with the presence of a few leading companies including Canon and General Electric, the competitive environment is quite intense. Factors such as growing adoption of refurbished and used medical equipment due to financial constraints and the increasing privatization in healthcare sector, will provide considerable growth opportunities to refurbished medical device manufacturers. Block Imaging, Canon, General Electric, Koninklijke Philips, and Siemens Healthineers are some of the major companies covered in this report.
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FEATURED COMPANIES

  • Block Imaging
  • Canon
  • General Electric
  • Koninklijke Philips
  • Siemens Healthineers
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Diagnostic imaging equipment - Market size and forecast 2018-2023
  • Minimally-invasive devices - Market size and forecast 2018-2023
  • Biotechnology instruments - Market size and forecast 2018-2023
  • Radiation oncology systems - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Hospitals - Market size and forecast 2018-2023
  • Other practices - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Block Imaging
  • Canon
  • GENERAL ELECTRIC
  • Koninklijke Philips
  • Siemens Healthineers
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
PART 16: About the Author


List of Exhibits
Exhibit 01: Global medical devices market
Exhibit 02: Segments of global medical devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global health expenditure in % of GDP (2011-2015)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Product - Market share 2018-2023 (%)
Exhibit 19: Comparison by product
Exhibit 20: Diagnostic imaging equipment - Market size and forecast 2018-2023 ($ billions)
Exhibit 21: Diagnostic imaging equipment - Year-over-year growth 2019-2023 (%)
Exhibit 22: Minimally-invasive devices - Market size and forecast 2018-2023 ($ billions)
Exhibit 23: Minimally-invasive devices - Year-over-year growth 2019-2023 (%)
Exhibit 24: Biotechnology instruments - Market size and forecast 2018-2023 ($ billions)
Exhibit 25: Biotechnology instruments - Year-over-year growth 2019-2023 (%)
Exhibit 26: Radiation oncology systems - Market size and forecast 2018-2023 ($ billions)
Exhibit 27: Radiation oncology systems - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by product
Exhibit 29: Customer landscape
Exhibit 30: End-user - Market share 2018-2023 (%)
Exhibit 31: Comparison by end-user
Exhibit 32: Hospitals - Market size and forecast 2018-2023 ($ billions)
Exhibit 33: Healthcare spending in China in % of GDP from 2010 to 2015
Exhibit 34: Hospitals - Year-over-year growth 2019-2023 (%)
Exhibit 35: Other practices - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: Other practices - Year-over-year growth 2019-2023 (%)
Exhibit 37: Market opportunity by end-user
Exhibit 38: Market share by geography 2018-2023 (%)
Exhibit 39: Geographic comparison
Exhibit 40: Americas - Market size and forecast 2018-2023 ($ billions)
Exhibit 41: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 42: EMEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 43: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 44: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 45: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 46: Key leading countries
Exhibit 47: Market opportunity
Exhibit 48: Impact of drivers and challenges
Exhibit 49: Vendor landscape
Exhibit 50: Landscape disruption
Exhibit 72: Koninklijke Philips – Geographic focus
Exhibit 73: Koninklijke Philips – Segment focus
Exhibit 75: Siemens Healthineers - Vendor overview
Exhibit 81: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Block Imaging
  • Canon
  • General Electric
  • Koninklijke Philips
  • Siemens Healthineers
  • MORE
Global Refurbished Medical Devices Market 2019-2023

The author of the report recognizes the following companies as the key players in the global refurbished medical devices market: Block Imaging, Canon, General Electric, Koninklijke Philips, and Siemens Healthineers.

Commenting on the report, an analyst from the research team said: “One trend affecting this market is the increasing privatization in healthcare sector. The privatization in the healthcare sector is rapidly increasing due to the inability of governments to invest efficiently in the healthcare sector and due to high demand for innovation and technology for superior healthcare services.”

According to the report, one driver influencing this market is the driven by the growing adoption of refurbished and used medical equipment due to financial constraints. The medical industry has been experiencing low-profit margins in recent years to high investments in prescription drugs and labor expenses which has reduced the budget of the medical industry for essential products and systems including medical devices.

Further, the report states that one challenge affecting this market is the negative outlook towards the purchase of refurbished medical devices. Most healthcare service providers do not take the risk of buying refurbished medical devices due to the negative perception of such equipment and 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
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  • Block Imaging
  • Canon
  • General Electric
  • Koninklijke Philips
  • Siemens Healthineers
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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