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Global REFURBISHED MEDICAL DEVICE MARKET IS THRIVING WORLDWIDE WITH GENERAL ELECTRIC COMPANY, AGITO MEDICAL A/S, DRE MEDICAL., BLOCK IMAGING, INTEGRITY MEDICAL SYSTEMS INC

Global Refurbished Medical Device Market By Product Type(Diagnostic Equipment (Ultrasound Systems, X-Ray Machines, CT Machines, MRI Machines, Patient Monitoring Devices, Nuclear Medicine Devices, Mammography Equipment, Telemetry Systems, Cath Labs), Therapeutic Equipment (Minimally Invasive Devices,  Heart Lung Machines, Radiation Oncology Systems, Infusion Pumps, Non-Invasive Devices)Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global Refurbished Medical Device Market 

Global Refurbished Medical Device Market accounted to USD 8.33 billion in 2018 to an estimated value of USD 21.84 million by 2026 growing at a CAGR of 12.8% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Key Market Competitors: Global Refurbished Medical Device Market 

The key players in the refurbished medical equipment market are GENERAL ELECTRIC COMPANY, Agito medical A/S, DRE Medical., Block Imaging, Integrity Medical systems Inc., Everx Pvt Ltd., Siemens Healthcare systems, Radio Oncology Systems, Philips Healthcare, Johnson & Johnson Services, Inc., DMS Health Technologies COGMEDIX Medical Technology Brought to life, Canon, General Electric, Koninklijke Philips, GE Healthcare, First Source, Inc and Soma Technology

Competitive Analysis:

Global refurbished medical device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of refurbished medical device market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Definition: Global Refurbished Medical Device Market 

Refurbished medical devices are those products that have been tested and verified to function properly and are free of defects. These devices refer to restoring used equipment or systems into a condition of safety and effectiveness.

Market Drivers

  • Rising prevalence of cancer and cardiovascular diseases
  • Increasing privatization in the healthcare sector

 Market Restraints

  • Growing demand for low cost medical devices
  • Growing rate of private healthcare institutions

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Segmentation: Global Refurbished Medical Device Market 

By Product Type

  • Diagnostic equipment
    • Ultrasound Systems
    • X-Ray Machines
    • CT Machines
    • MRI Machines
    • Patient Monitoring Devices
      • Multiparameter Monitors
      • Electrocardiography Devices (ECG)
      • Pulse Oximeters
      • Noninvasive Blood Pressure Monitors
    • Nuclear Medicine Devices
    • Mammography Equipment
    • Telemetry Systems
    • Cath Labs
  • Therapeutic equipment
    • Minimally Invasive Devices
    • Heart Lung Machines
    • Radiation Oncology Systems
    • Infusion Pumps
    • Non-Invasive Devices

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Global Refurbished Medical Device Market
Global Refurbished Medical Device Market

Key Developments in the Market:

  • In January 2017, Johnson & Johnson Medical Devices Company Launched CareAdvantage, it is a holistic, data-driven approach, grounded in insights, that accesses the broad clinical, consumer and operational capabilities of the Johnson & Johnson Family. The CareAdvantage device listens and understands individual health system needs, leading to a customized plan of action to help deliver value at every point along the care pathway.
  • In January 2017, Johnson & Johnson’s device gets into value-based analytics. A CareAdvantage device offers program analyzes data from a health system’s operations to build an action plan which includes developing clinical pathways, workflow efficiency improvement, patient engagement and metrics linked to the care provider.

Reasons to Purchase this Report

  • Current and future of global refurbished medical device market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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