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Global Refurbished Medical Equipment Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022

Global Refurbished Medical Equipment Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022

Growing inventory of used or old medical devices, e commerce facilitating purchase of refurbished equipment, demand for costly diagnostic imaging equipment, demand for refurbished equipment in private healthcare sector, and refurbishing & recycling medical equipment devices are the factors driving the global refurbished medical devices market for the forecasted period. Rising number of private hospitals and diagnostic centres and emerging economies that are looking forward for cost effective medical equipment are the opportunities for refurbished medical equipment’s.

Factors like new cost effective medical equipment’s and varying regulatory rules for using refurbished medical equipment’s are hampering growth of the refurbished medical equipment market. Perception that refurbished medical equipment is of inferior quality, and reluctance by healthcare organisations to buy refurbished medical equipment products are restraining growth of the refurbished medical equipment’s market for the forecasted period.

Unlike public hospitals or healthcare organizations, private hospitals are profit driven. The quality of service and pricing of services are looked after the management of private hospitals autonomously. To contain expenses, private hospitals and healthcare organisations seek for alternative means to provide cost effective healthcare without compromising quality for patients. Refurbished medical equipment helps to reduce expense for healthcare providers without compromising quality of treatment.

Diagnostic devices like, MRI machines, CT scan, and X ray, treatment related apparatus like cardiopulmonary bypass machines, and ICU systems are the most common refurbished medical equipment purchased by private hospitals. By purchasing refurbished medical devices, private hospitals can provide wide variety of treatments to patient at low cost, thereby staying ahead against competitors.

The research project market is segmented on the basis of products as medical imaging equipment’s, patient monitoring devices, neurology equipment, cardiovascular equipment, neonatal care equipment, operation theatre equipment, ICU systems, intravenous therapy systems and other medical equipment’s. Medical Imaging Equipment’s is further sub segmented as CT Scanners, Ultrasound systems, X ray machines, MRI machines, and other medical imaging equipment. Patient monitoring devices is further classified into non-invasive blood pressure monitoring, electrocardiograph devices, and pulse oximetry. Neurology equipment segment is divided into EMG machine and EEG machine. Cardiovascular equipment is sub segmented into coagulation analyser, cardiopulmonary bypass machine and other cardiovascular equipment. Neonatal care equipment is classified into neonatal care monitors and infant incubators. Operation theatre equipment is sub segmented into automatic external defibrillators, microscopes, CO2, O2 and other agent monitors, electrosurgical equipment, anaesthetic equipment and other operation theatre equipment’s. ICU systems are further classified into telemetry systems and hardwire systems.

Joint ventures, agreements, partnerships, collaborations, expansion in different countries, and strengthening supply chain network with distributors are some of the strategies taken by pioneers in refurbished medical equipment market, to increase their global presence.

Some of the leading companies in the refurbished medical equipment market are Siemens Healthcare Systems, Philips Healthcare, GE Health, DRE Medical, Integrity Medical Systems, Some Technology Inc., Black Imaging International Inc., Radiology Oncology Systems Inc., Everx Pvt Ltd., Agito Medical A/S, Johnson & Johnson, First Source Inc., Japan Care Co Ltd., Medilab Global Corp and CAN Medical Inc. The report provides comprehensive information like company profile, sales, revenue, market share and contact information.

The research report analysed refurbished medical equipment market geographically. Region wise the report is segmented as North America, Europe, Asia Pacific, and Rest of the World.

Following demand North America leads the global refurbished medical equipment market followed by Europe. Privatization healthcare system and medical tourism are the factors contributing to the growing refurbished medical equipment in North America and Europe. Supportive regulatory structure and awareness about reuse and recycle of medical equipment’s are fuelling the market of North America and Europe for the forecasted year.

African nations like Nigeria, Zimbabwe, Chad, and others have a huge market for refurbished medical equipment with the need to provide cost effective healthcare to the growing population.

Asia Pacific is the fastest growing market for refurbished medical equipment for the forecasted year. Large population base, cost effective treatment programmes by government, competent reimbursement policies are the reasons contributing to the refurbished medical equipment market in the region. Emerging economies like China and India are at the forefront of refurbished medical equipment market in Asia Pacific. Leading companies in refurbished medical equipment’s are seeking joint ventures, partnerships and distributors to gain market penetration in the region.

Please note: The delivery time for the electronic version of this report is between 1-3 business days to allow the preparation of an updated version prior to dispatch.


1. INTRODUCTION
1.1. EXECUTIVE SUMMARY
1.2. ESTIMATION METHODOLOGY
2. MARKET OVERVIEW
2.1. MARKET DEFINITION AND SCOPE
2.2. KEY FINDINGS
2.3. PARAMETRIC ANALYSIS
2.4. KEY MARKET INSIGHTS
2.4.1. TOP EMERGING COUNTRIES
2.4.2. TOP REVENUE GENERATING SEGMENTS
2.4.3. TOP GROWING MARKETS AND EMERGING TRENDS
2.4.4. TOP GEOGRAPHY
2.5. COMPETITIVE LANDSCAPE
2.5.1. MARKET SHARE ANALYSIS
2.5.2. TOP WINNING STRATEGIES
2.5.3. CASE STUDIES: TOP COMPETITIVE MOVES
2.6. PORTER’S FIVE FORCE MODEL
2.7. KEY BUYING CRITERIA
2.8. STRATEGIC RECOMMENDATION
2.9. STRATEGIC CONCLUSIONS
3. MARKET DETERMINANTS
3.1. MARKET DRIVERS
3.1.1. GROWING INVENTORY OF USED OR OLD MEDICAL DEVICES
3.1.2. E COMMERCE FACILITATING PURCHASE OF REFURBISHED EQUIPMENT’S
3.1.3. DEMAND FOR COSTLY DIAGNOSTIC IMAGING EQUIPMENT
3.1.4. DEMAND FOR REFURBISHED EQUIPMENT IN PRIVATE HEALTHCARE SECTOR
3.1.5. REFURBISHING AND RECYCLING A HEALTHY ENVIRONMENTAL PROCESS
3.2. MARKET RESTRAINTS
3.2.1. PUBLIC HEALTHCARE PROVIDER RELUCTANT TO BUY REFURBISHED MEDICAL EQUIPMENT
3.2.2. PERCEPTION THAT REFURBISHED MEDICAL EQUIPMENT ARE OF INFERIOR QUALITY
3.3. MARKET OPPORTUNITIES
3.3.1. RISE IN NUMBERS OF PRIVATE HOSPITALS AND OTHER DIAGNOSTICS CENTERS
3.3.2. EMERGING ECONOMIES LOOKING FORWARD TO COST EFFECTIVE MEDICAL EQUIPMENT
3.4. MARKET CHALLENGES
3.4.1. COMPETITIVE LOW COST NEW MEDICAL EQUIPMENT
3.4.2. REGULATORY RULES FOR USING REFURBISHED MEDICAL EQUIPMENT
3.5. PARENT MARKET
3.6. COMPETITORS MARKET
3.7. ALTERNATIVE MARKET
4. MARKET SEGMENTATION
4.1. BY PRODUCT
4.1.1. MEDICAL IMAGING EQUIPMENT MARKET 2014-2022 ($ MILLION)
4.1.1.1. CT SCANNERS MARKET 2014-2022 ($ MILLION)
4.1.1.2. ULTRASOUND SYSTEMS MARKET 2014-2022 ($ MILLION)
4.1.1.3. X RAY MACHINES MARKET 2014-2022 ($ MILLION)
4.1.1.4. MRI MACHINES MARKET 2014-2022 ($ MILLION)
4.1.1.5. OTHER MEDICAL IMAGING EQUIPMENT MARKET 2014-2022 ($ MILLION)
4.1.2. PATIENT MONITORING DEVICES MARKET 2014-2022 ($ MILLION)
4.1.2.1. NONINVASIVE BLOOD PRESSURE MONITORS MARKET 2014-2022 ($ MILLION)
4.1.2.2. ELECTROCARDIOGRAPH DEVICES MARKET 2014-2022 ($ MILLION)
4.1.2.3. PULSE OXIMETRY MARKET 2014-2022 ($ MILLION)
4.1.3. NEUROLOGY EQUIPMENT MARKET 2014-2022 ($ MILLION)
4.1.3.1. EMG MACHINE MARKET 2014-2022 ($ MILLION)
4.1.3.2. EEG MACHINE MARKET 2014-2022 ($ MILLION)
4.1.4. CARDIOVASCULAR EQUIPMENT MARKET 2014-2022 ($ MILLION)
4.1.4.1. COAGULATION ANALYZER MARKET 2014-2022 ($ MILLION)
4.1.4.2. CARDIOPULMONARY BYPASS MACHINE MARKET 2014-2022 ($ MILLION)
4.1.4.3. OTHER CARDIOVASCULAR EQUIPMENT MARKET 2014-2022 ($ MILLION)
4.1.5. NEONATAL CARE EQUIPMENT MARKET 2014-2022 ($ MILLION)
4.1.5.1. NEONATAL CARE MONITORS MARKET 2014-2022 ($ MILLION)
4.1.5.2. INFANT INCUBATORS MARKET 2014-2022 ($ MILLION)
4.1.6. OPERATION THEATRE EQUIPMENT’S MARKET 2014-2022 ($ MILLION)
4.1.6.1. AUTOMATIC EXTERNAL DEFIBRILLATORS MARKET 2014-2022 ($ MILLION)
4.1.6.2. MICROSCOPES MARKET 2014-2022 ($ MILLION)
4.1.6.3. CO2, O2 AND OTHER AGENT MONITORS MARKET 2014-2022 ($ MILLION)
4.1.6.4. ELECTROSURGICAL EQUIPMENT’S MARKET 2014-2022 ($ MILLION)
4.1.6.5. ANESTHETIC EQUIPMENT’S MARKET 2014-2022 ($ MILLION)
4.1.6.6. OTHER OPERATION THEATRE EQUIPMENT’S MARKET 2014-2022 ($ MILLION)
4.1.6.7. ENDOSCOPY EQUIPMENT MARKET 2014-2022 ($ MILLION)
4.1.7. ICU SYSTEMS MARKET 2014-2022 ($ MILLION)
4.1.7.1. TELEMETRY SYSTEMS MARKET 2014-2022 ($ MILLION)
4.1.7.2. HARDWIRE SYSTEMS MARKET 2014-2022 ($ MILLION)
4.1.8. INTRAVENOUS THERAPY SYSTEMS MARKET 2014-2022 ($ MILLION)
4.1.9. OTHER MEDICAL EQUIPMENT’S MARKET 2014-2022 ($ MILLION)
5. GEOGRAPHICAL ANALYSIS
5.1. NORTH AMERICA REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.1.1. U.S. REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.1.2. CANADA REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.2. EUROPE REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.2.1. U.K. REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.2.2. FRANCE REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.2.3. GERMANY REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.2.4. REST OF EUROPE REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.3. ASIA PACIFIC REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.3.1. INDIA REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.3.2. CHINA REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.3.3. JAPAN REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.3.4. AUSTRALIA REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.3.5. REST OF ASIA-PACIFIC REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
5.4. REST OF THE WORLD REFURBISHED MEDICAL EQUIPMENT MARKET 2014- 2022 ($ MILLION)
6. COMPANY PROFILES
SIEMENS HEALTHCARE SYSTEMS
PHILIPS HEALTHCARE
GE HEALTH
DRE MEDICAL
INTEGRITY MEDICAL SYSTEMS
SOME TECHNOLOGY INC
BLOCK IMAGING INTERNATIONAL INC
RADIOLOGY ONCOLOGY SYSTEMS INC
EVERX PVT LTD
AGITO MEDICAL A/S
JOHNSON & JOHNSON
FIRST SOURCE INC
JAPAN CARE CO LTD
MEDILAB GLOBAL CORP
CAN MEDICAL INC
LIST OF TABLES
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY PRODUCT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY PATIENT MONITORING DEVICES ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY NEUROLOGY EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY CARDIOVASCULAR EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY NEONATAL CARE EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY OPERATION THEATRE EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY ICU SYSTEMS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY INTRAVENOUS THERAPY SYSTEMS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY OTHER MEDICAL EQUIPMENT ($ MILLION)
NORTH AMERICA REFURBISHED MEDICAL EQUIPMENT MARKET BY OTHER MEDICAL EQUIPMENT ($ MILLION)
EUROPE REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
ASIA PACIFIC REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
REST OF THE WORLD BIOTECHNOLOGY REAGENTS MARKET ($ MILLION)
LIST OF FIGURES
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY CT SCANNERS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY ULTRASOUND SYSTEMS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY X RAY MACHINES,($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY MRI MACHINES, ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY OTHER MEDICAL IMAGING EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY NONINVASIVE BLOOD PRESSURE MONITORS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY ELECTROCARDIOGRAPH DEVICES ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY PULSE OXIMETRY ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY NEUROLOGY EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY EMG MACHINE ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY EEG MACHINE ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY COAGULATION ANALYZER ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY CARDIOPULMONARY BYPASS MACHINE ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY OTHER CARDIOVASCULAR EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY NEONATAL CARE MONITORS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY INFANT INCUBATORS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY AUTOMATIC EXTERNAL DEFIBRILLATORS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY MICROSCOPES ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY CO OAND OTHER AGENT MONITORS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY ELECTROSURGICAL EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY ANESTHETIC EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY ENDOSCOPY EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY OTHER OPERATIONS THEATRE EQUIPMENT ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY TELEMETRY SYSTEMS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY HARDWIRE SYSTEMS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY INTRAVENOUS THERAPY SYSTEMS ($ MILLION)
GLOBAL REFURBISHED MEDICAL EQUIPMENT MARKET BY OTHER MEDICAL EQUIPMENT ($ MILLION)
NORTH AMERICA REFURBISHED MEDICAL EQUIPMENT MARKET BY OTHER MEDICAL EQUIPMENT ($ MILLION)
US REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
CANADA REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
EUROPE REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
U.K. REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
FRANCE REFURBISHED MEDICAL EQUIPMENT MARKET $ MILLION)
GERMANY REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
REST OF EUROPE REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
ASIA PACIFIC REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
INDIA REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
CHINA REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
JAPAN REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
AUSTRALIA REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
REST OF ASIA PACIFIC REFURBISHED MEDICAL EQUIPMENT MARKET ($ MILLION)
REST OF THE WORLD REFURBISHED MEDICAL EQUIPMENT MARKET 2014-2022 ($ MILLION)

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