(PharmaNewsWire.Com, December 21, 2017 ) Refurbished medical devices refer to the restoring or reconstructing a device to its former self. It is made such that the condition of the device is comparable to a new device with same safety conditions and effectiveness. Restoration includes replacing the worn out parts, repairing faulty systems, and installation of new hardware or software if required without changing the intended use of the device.
There are several government institutions that provide standard guidelines for refurbishing of the devices. Private and corporate organizations have increased their presence in healthcare sector over the past few years. In order to save the investments or reduce the expenditure, they choose refurbished medical devices. They cost less and serve the same purpose as that of a new device.
Global Refurbished Medical Devices Market: Drivers and Restraints Major factors driving the Global refurbished medical device market are the increasing incidence of cardiovascular diseases and cancer. Also, increase in private organizations in healthcare sector, growing demand for low cost medical devices due to economic issues and increasing acceptance of refurbished medical devices in several countries are the key factors propelling the growth of the refurbished medical equipment market. Lack of standardization and stringent regulatory policies in the use and sale of refurbished medical devices are inhibiting the Refurbished Medical devices Market.
Global Refurbished Medical Devices Market: Overview The patient monitor device segment holds the largest market share due to the growing awareness and increasing prevalence of chronic diseases and advancements in technology resulting in several innovative patient monitoring devices. Medical imaging devices are expected to be the fastest growing segment due to the high cost involved with purchase of a new imaging device. Hence, it is economical to buy refurbished medical imaging equipment rather than a new one.
Global Refurbished Medical Devices Market: Region-wise Outlook Based on geography the market is analysed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America leads the refurbished medical devices market due to the increasing trend of medical tourism and growing privatization of the healthcare sector in this region. Asia Pacific is predicted to show high growth owing to growing provision from government and effective reimbursement policies in this region.
Key Questions Answered: What is the current and future Refurbished Medical Devices Market outlook in Global? What trends are affecting the Global market?
What is the competitive landscape and market share of major players in the Refurbished Medical Devices market in Global?
What are the key, high growth markets that Refurbished Medical Devices manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Refurbished Medical Devices currently on the market? How will emerging products fulfill these unmet needs?
What is physician perception and market outlook of Refurbished Medical Devices?
What are the challenges and barriers that have hindered widespread adoption of Refurbished Medical Devices?
Global Refurbished Medical Devices Market: Key Players 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.
Reasons to buy Global Refurbished Medical Devices Market report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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