A refurbished medical device is defined as a piece of restored medical equipment rebuilt to a condition that is similar to the new equipment. Refurbishment involves reconditioning, repair, installation of certain software/hardware updates without altering the proposed use of the original device, and replacement of worn parts.
MARKET DYNAMICS
The growth of the global refurbished medical devices market can be accredited to factors such as hospital budget cuts, rising demand for capital-intensive diagnostic imaging equipment, a large inventory of used or old medical devises, growing preference for eco-friendly products, and an increasing number of diagnostic centers & hospitals.
MARKET SCOPE
The "Refurbished Medical Device Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of refurbished medical device market with detailed market segmentation by product type and application. The refurbished medical device market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in refurbished medical device market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The refurbished medical device market is segmented on the basis of product, application and end user. Based on product, the market is segmented as medical imaging, intensive care equipment, or equipment, and patient monitors. On the basis application, the market is categorized as diagnostic and therapeutic. By end user, the market is segmented as hospitals, ambulatory care centers, diagnostic imaging centers, and other end users.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the refurbished medical device market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The refurbished medical device market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting refurbished medical device market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the refurbished medical device market in these regions.
MARKET PLAYERS
The report covers key developments in the refurbished medical device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from refurbished medical device market are anticipated to have lucrative growth opportunities in the future with the rising demand for refurbished medical device in the global market. Below mentioned is the list of few companies engaged in the refurbished medical device market.
The report also includes the profiles of key players in refurbished medical device market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- GE Healthcare
- Siemens Healthineers
- Koninklijke Philips N.V.
- Block Imaging
- SOMA TECH INTL
- US Med-Equip
- Avante Health Solutions
- Everx Pvt Ltd.
- Integrity Medical Systems, Inc.
- Radiology Oncology Systems, Inc
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.