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.
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.
- Rising prevalence of cancer and cardiovascular diseases
- Increasing privatization in the healthcare sector
- Growing demand for low cost medical devices
- Growing rate of private healthcare institutions
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
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
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.
Competitive Analysis: Global Refurbished Medical Device Market
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.
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
Research Methodology: Global Refurbished Medical Device Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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)