Global Refurbished Medical Equipment Market 2015-2019
Refurbished Medical Equipment
Refurbishment is a process that ensures the safety and effectiveness of medical equipment without changing the performance of these equipment. Refurbishment is used to maintain the used equipment into its original condition. Unlike remanufacturing, refurbishment does not alter any product specification; it just restore used medical equipment or systems into a condition of safety and effectiveness comparable to new equipment.
TechNavio's analysts forecast the Global Refurbished Medical Equipment market to grow at a CAGR of 7.00 percent over the period 2014-2019.
Covered in this Report
In terms of application, the Global Refurbished Medical Equipment market can be segmented into the following: Diagnostic Imaging Equipment, Minimally Invasive Devices, Biotechnology Instruments, and Radiation Oncology Systems.
TechNavio's report, the Global Refurbished Medical Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and the EMEA regions; it also covers the Global Refurbished Medical Equipment market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Refurbished Medical Equipment Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Refurbished Medical Equipment Market: GE Healthcare, Philips Healthcare, Siemens Healthcare and Toshiba Medical System.
Other Prominent Vendors in the market are: Agito Medical, Biodirect, Devon Medical Equipment, DMS Healthcare, Everx, First Source, Johnson & Johnson, Oxford Instruments, Radiology Oncology Systems, Radmedical, Reliant Medical Services, Soma Technology, Stryker, Ultra Solutions, Unisyn Medical Technologies and Ziehm Imaging.
Commenting on the report, an analyst from TechNavio’s team said: “The adoption of eco-friendly refurbished medical equipment is one of the major trends upcoming in this market. Refurbishment of medical equipment reduces e-waste, prevents landfill, and minimizes the burden of disposal and pollution. Many vendors are practicing remanufacturing and commercialization of refurbished equipment as an economical and eco-friendly option.”
According to the report, one of the key drivers of this market is the decline in reimbursements for medical procedures. The decrease in reimbursements has negatively affected the use of medical devices by both healthcare institutes as well as patients.
Further, the report states that one of the key challenges in the market is the increased risk regarding the safety and efficacy of refurbished equipment. As no regulatory approvals are required to market refurbished devices, quality and safety concerns are high.
GE Healthcare, Siemens Healthcare, Philips Healthcare , Toshiba Medical Systems, Biodirect , Devon Medical Equipment, Everx , Johnson & Johnson , Oxford Instruments, Radiology Oncology Systems , Radmedical, Reliant Medical Services , Stryker , Ultra Solutions, UnisynMedical Technologies , Ziehm Imaging