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Refurbished Medical Equipment Market by Product (Operating Room Equipment & Surgical Equipment, Patient Monitors, Medical Imaging Equipment, Defibrillators, Cardiovascular & Cardiology Equipment, Neurology Equipment, Endoscopy Equipment, Intensive Care Systems, Neonatal Intensive Care Systems, IV Therapy Systems, and Other Equipments): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022

Published Date: 11-Dec-2017 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-2509 Status : Published

Global Refurbished medical equipment market is expected to reach USD 13.11 Billion by 2022, growing at a CAGR of around 12.5 % between 2017 and 2022.

Description

The refurbished medical equipment market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2014 along with a forecast from 2017 to 2022 based on revenue (USD Billion). The study comprises drivers, restraints, and opportunities for the Refurbished medical equipment Market along with the impact on the demand over the forecast period.

The report provides a complete view of the refurbished medical equipment market and encompasses detailed type portfolio and strategic developments of key vendors. To know the competitive landscape of the refurbished medical equipment market, an analysis of Porter’s five forces model is done. The study cover market attractiveness analysis, in which type segments are specialized based on the market size, growth rate, and attractiveness.

The report provides a crucial view of the refurbished medical equipment market by segmenting the market based on product and region. Based on the product the refurbished medical equipment market is segmented into operating room equipment & surgical equipment, patient monitors, medical imaging equipment, defibrillators, cardiovascular & cardiology equipment, neurology equipment, endoscopy equipment, intensive care systems, neonatal intensive care systems, iv therapy systems, and other equipment. All the segments have been analyzed based on existing and future trends and the market is projected from 2017 to 2022. The regional segmentation includes the present and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including China, Japan, India, U.S. Germany, France, UK, and Brazil.

The report presents comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Philips Healthcare, GE Healthcare, Siemens Healthineers, Agito Medical A/ S, DRE Medical, Inc., Block Imaging International, Inc., Radiology Oncology Systems, Inc., Soma Technology, Inc., Everx Pvt Ltd. and Integrity Medical Systems, Inc. among others. 

This report segments the refurbished medical equipment market as follows:

Global Refurbished Medical Equipment Market: Product Segment Analysis

  • Operating Room Equipment & Surgical Equipment
  • Patient Monitors
  • Medical Imaging Equipment
  • Defibrillators 
  • Cardiovascular & Cardiology Equipment 
  • Neurology Equipment
  • Endoscopy Equipment
  • Intensive Care Systems
  • Neonatal Intensive Care Systems
  • IV Therapy Systems
  • Other Equipments

Global Refurbished Medical Equipment Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global market revenue, 2014-2022 (USD Billion)
    • 2.2. Global refurbished medical equipment market: Snapshot
  • Chapter 3. Refurbished Medical Equipment Market – Global and Industry Analysis
    • 3.1. Refurbished medical equipment Market: Market dynamics
    • 3.2. Market drivers
      • 3.2.1. Drivers of global Refurbished medical equipment Market: Impact analysis
      • 3.2.2. Rapidly increasing geriatric population
      • 3.2.3. Increasing number of diagnostic imaging procedures
    • 3.3. Market restraints
      • 3.3.1. Restraints of Refurbished medical equipment Market: Impact analysis
      • 3.3.2. Lack of awareness about the benefits of refurbished medical equipments
    • 3.4. Opportunities
      • 3.4.1. Emerging Markets
    • 3.5. Porter’s five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by product
      • 3.6.2. Market attractiveness analysis by region
  • Chapter 4. Global Refurbished medical equipment Market - Competitive Landscape
    • 4.1. Company market share, 2015
      • 4.1.1. Global Refurbished medical equipment Market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Type and Regional Expansion
  • Chapter 5. Global Refurbished medical equipment Market –Product Analysis
    • 5.1. Global Refurbished medical equipment Market: Product overview
      • 5.1.1. Global Refurbished medical equipment Market revenue share, by product, 2014-2022
    • 5.2. Operating room equipment & surgical equipment
      • 5.2.1. Global Operating room equipment & surgical equipment market, 2014-2022 (USD Billion)
    • 5.3. Patient monitors
      • 5.3.1. Global Patient monitors market, 2014-2022 (USD Billion
    • 5.4. Medical imaging equipment
      • 5.4.1. Global Medical imaging equipment market, 2014-2022 (USD Billion
    • 5.5. Defibrillators
      • 5.5.1. Global Defibrillators market, 2014-2022 (USD Billion
    • 5.6. Cardiovascular & cardiology equipment
      • 5.6.1. Global Cardiovascular & cardiology equipment market, 2014-2022 (USD Billion
    • 5.7. Neurology equipment
      • 5.7.1. Global Neurology equipment market, 2014-2022 (USD Billion
    • 5.8. Endoscopy equipment
      • 5.8.1. Global Endoscopy equipment market, 2014-2022 (USD Billion
    • 5.9. Intensive care systems
      • 5.9.1. Global Intensive care systems market, 2014-2022 (USD Billion
    • 5.10. Neonatal intensive care systems
      • 5.10.1. Global Neonatal intensive care systems market, 2014-2022 (USD Billion
    • 5.11. Iv therapy systems
      • 5.11.1. Global Iv therapy systems market, 2014-2022 (USD Billion
    • 5.12. Patient monitors
      • 5.12.1. Global Patient monitors market , 2014-2022 (USD Billion)
    • 5.13. Other equipments
      • 5.13.1. Global Other equipments market, 2014-2022 (USD Billion)
  • Chapter 6. Global Refurbished medical equipment Market – Regional Analysis
    • 6.1. Global building material market: Regional overview
      • 6.1.1. Global Refurbished medical equipment Market revenue share by region, 2014-2022
    • 6.2. North America
      • 6.2.1. North America Refurbished medical equipment Market revenue, by product, 2014-2022 (USD Billion)
      • 6.2.2. U.S.
        • 6.2.2.1. U.S. Refurbished medical equipment Market revenue, by product, 2014 – 2022(USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe Refurbished medical equipment Market revenue, by product, 2014-2022 (USD Billion)
      • 6.3.2. U.K.
        • 6.3.2.1. U.K. refurbished medical equipment market revenue, by product, 2014 – 2022(USD Billion)
      • 6.3.3. France
        • 6.3.3.1. France refurbished medical equipment market revenue, by product, 2014 – 2022(USD Billion)
      • 6.3.4. Germany
        • 6.3.4.1. Germany Refurbished medical equipment Market revenue, by product, 2014 – 2022(USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Refurbished medical equipment Market revenue, by product, 2014-2022 (USD Billion)
      • 6.4.2. China
        • 6.4.2.1. China refurbished medical equipment market revenue, by product, 2014 – 2022(USD Billion)
      • 6.4.3. India
        • 6.4.3.1. India refurbished medical equipment market revenue, by product, 2014 – 2022(USD Billion)
      • 6.4.4. Japan
        • 6.4.4.1. Japan refurbished medical equipment market revenue, by product, 2014 – 2022(USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America Refurbished medical equipment Market revenue, by product, 2014-2022 (USD Billion)
      • 6.5.2. Brazil
        • 6.5.2.1. Brazil refurbished medical equipment market revenue, by product, 2014 – 2022(USD Billion)
    • 6.6. Middle East and Africa
      • 6.6.1. Middle East and Africa Refurbished medical equipment Market revenue, by product, 2014-2022 (USD Billion)
  • Chapter 7. Company Profile
    • 7.1. Philips Healthcare
      • 7.1.1. Financials
      • 7.1.2. Product portfolio
      • 7.1.3. Business strategy
      • 7.1.4. Recent developments
    • 7.2. GE Healthcare
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. Siemens Healthineers
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. Agito Medical A/S
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. DRE Medical, Inc.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. Block Imaging International, Inc.
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. Radiology Oncology Systems, Inc.
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. Soma Technology, Inc.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Everx Pvt Ltd.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments
    • 7.10. Integrity Medical Systems, Inc.
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product portfolio
      • 7.10.4. Business strategy
      • 7.10.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Refurbished Medical Equipment market. Zion Research has collected and analyzed key data belong to the global Refurbished Medical Equipment market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Refurbished Medical Equipment across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Refurbished Medical Equipment industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Refurbished Medical Equipment market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Refurbished medical equipment market is expected to witness a significant growth in the coming five years owing to the large patient population base coupled with increasing chronic diseases ( Cancer, cardiovascular diseases and etc.) globally. For example; as per the International Cardiovascular Disease Statistic; it’s been projected that by 2020, chronic diseases will account for almost three-fourths of all deaths. 71% of deaths due to ischemic heart disease, 75 percent due to stroke and 70% due to diabetes will occur in developing countries, 60 percent of the burden of chronic diseases will occur in developing countries and cardiovascular disease is now more numerous in India and China than in all economically developed countries in the world added together. So the medical institutions and healthcare professionals must ensure that their medical equipment meets the needs of every patient. New medical equipment can cost thousands and thousands of dollars. So to meet the demand and to provide patients with the best quality of care possible, refurbished medical equipment are becoming so popular.

Increasing incidences of cardiovascular diseases (CVD) and other chronic diseases, development of better healthcare infrastructure and more efficient healthcare technologies are some of the driving factors for the growth in this market in coming five years. In addition, the benefits of refurbished medical equipment such as cost-effectiveness and increased successful outcomes are expected to foster the growth in this market. Furthermore, increasing number of partnerships and agreements among original equipment manufacturers and third-party refurbishes. However, lack of awareness about the benefits of refurbished medical equipment is expected to hamper the growth in this market. In spite of these barriers, emerging markets in developing regions can be an opportunity in this market.

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The global market for refurbished medical equipment is segmented on the basis of product and region. On the basis of product, the global market for refurbished medical equipment can be categorized into; operating room equipment & surgical equipment, patient monitors, medical imaging equipment, defibrillators, cardiovascular & cardiology equipment, neurology equipment, endoscopy equipment, intensive care systems, neonatal intensive care systems, iv therapy systems, and other equipments. This segment is expected to dominate by the patient monitor equipment by accounting for the largest share in the market owing to increasing awareness about chronic diseases and technological advancements to develop more innovative products.

In terms of geography, refurbished medical equipment market can be segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including China, Japan, India, U.S. Germany, France, UK, and Brazil. North America is anticipated to dominate the refurbished medical equipment market by capturing the largest market share within the forecast period owing to the increasing geriatric population coupled with the increasing incidences of chronic diseases. For example, U.S. Census Bureau, 2013, in North America, population aged 65 and over is projected to reach 20.7% by 2030 and 21.4% by 2050 of the total world population. Europe is expected to follow the North America in this market within the forecast period. Refurbished medical equipment market of Europe is undergoing tremendous changes with increasing expenditure for healthcare infrastructure.

Asia Pacific is expected to witness the fastest growth with the highest CAGR in the coming five years. Major driving factors in this region are increasing medical expenditure and raising awareness about refurbished medical devices. Latin America and Middle East & Africa are expected to show a healthy market growth for refurbished medical equipment within the forecast period. Especially in Brazil, the high growth rate in the over-60 population over the next 15 years and increasing prevalence of chronic diseases are expected to fuel the market growth in this market.

Some of the key players of refurbished medical equipment market such as Philips Healthcare, GE Healthcare, Siemens Healthineers, Agito Medical A/S, DRE Medical, Inc., Block Imaging International, Inc., Radiology Oncology Systems, Inc., Soma Technology, Inc., Everx Pvt Ltd. and Integrity Medical Systems, Inc. among others. 

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