(PharmaNewsWire.Com, December 01, 2017 ) Europe is the second largest market globally after North America. With reduced budgets and accelerating number of medical procedures in the European region, the necessity to spend less on equipment while attaining the maximum benefit from them has continued demand for high-quality refurbished imaging devices. Increasing number of private hospitals and diagnostic centers and growing demand for refurbished devices in developing markets are generating opportunities for growth of the refurbished medical devices market.
The growth of the refurbished medical devices market is largely driven by the rising prevalence of lifestyle diseases (such as cancer and CVD), increasing geriatric population, growing demand for refurbished medical products by small and medium sized hospitals and upgrading healthcare facilities. Conversely, negative outlook of end users for the quality of refurbished medical products is a key factor restraining the market growth.
The Europe refurbished medical devices market is segmented on the basis of product type into neonatal intensive-care equipment, cardiovascular & cardiology equipment, endoscopy equipment, defibrillators, neurology equipment, medical imaging equipment, IV therapy systems, patient monitors, intensive care systems, operating room equipment & surgical equipment and other medical equipment. The patient monitor device segment holds the major share in the market due to the less cost of product, growing awareness for chronic diseases and technological developments such as innovations of portable patient monitoring devices.
Based on geography the market is analysed under various regions namely, Germany, France, Italy, Spain and U.K. Germany and U.K regions are estimated to attain robust growth for refurbished medical devices market in the forecast period.
The key players in the refurbished medical devices market are Siemens Healthcare systems, First Source Inc., DMS Topline, Radio Oncology Systems Inc., Johnson & Johnson, GE Healthcare, DRE Inc., Block Imaging International Inc., Integrity Medical systems Inc., Everx Pvt Ltd., Philips Healthcare, Agito medical A/S and Soma Technology.
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