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Purchasing refurbished medical equipment is becoming an attractive option for most of the hospitals and diagnostic centers. Now-a-days most of the diagnostic, therapeutic, and patient monitoring medical equipment such as AEDs, defibrillators, ECGs, vital sign monitors, pulse oximeters, spirometers, ventilators, IV pumps, and respiratory devices can be acquired as refurbished equipment at a reduced cost.
The global refurbished equipment market is expected to witness significant growth during the forecast period due to a large patient population base suffering from chronic diseases such as cancer and cardiovascular diseases worldwide and an increasing demand for low-cost medical devices due to budget constraints in developing nations. In addition, the factors such as an increasing number of private hospitals which purchase refurbished devices due to budget constraints, unfavorable reimbursement scenarios for various medical treatments, and increasing initiatives taken by the leading medical device manufacturers to establish refurbished facilities in developed and developing countries have fueled the demand for refurbished equipment. However, reluctance to purchase refurbished medical devices due to the lack of awareness about the benefits of these devices and lack of standardization of policies related to the sale and use of refurbished medical devices hamper the refurbished medical equipment market growth.
The refurbished equipment market is segmented based on type and region. Based on product type, the market is divided into operating room equipment & surgical equipment, patient monitors, defibrillators, medical imaging equipment, cardiovascular & cardiology equipment, x-ray machines, neurology equipment, endoscopy equipment, intensive care systems, neonatal intensive care systems, IV therapy systems, and other equipment. The market is analyzed based on four geographical regions, which include North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the refurbished equipment market includes Agito Medical A/S, Block Imaging, DRE Medical, Inc., Everx Pvt Ltd., General Electric Company, Integrity Medical Systems, Koninklijke Philips N.V., Radiology Oncology Systems, Inc., Siemens AG, and Soma Technology.
Key Benefits for Stakeholders:
Key Market Segments
Key Market Players
