HOME Top Market Reports Refurbished Medical Equipment Market (X-Ray, Ultrasound, MRI, CT Scanner, Nuclear Imaging Systems, Heart-Lung Machine, Surgical, CO2 Monitor, Patient Monitor, Pulse Oximeter, AED Defibrillator, Cath Labs, Neonatal, Endoscopy) - Global Forecast to 2021

Refurbished Medical Equipment Market (X-Ray, Ultrasound, MRI, CT Scanner, Nuclear Imaging Systems, Heart-Lung Machine, Surgical, CO2 Monitor, Patient Monitor, Pulse Oximeter, AED Defibrillator, Cath Labs, Neonatal, Endoscopy) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: MD 3122

 

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The refurbished medical equipment market is expected to reach USD 11.91 Billion by 2021 from USD 6.55 Billion in 2016, at a CAGR of 12.7% during the forecast period. Increasing privatization in the healthcare sector, poor reimbursement scenario for various medical treatments, large patient population base, and presence of a large number of hospitals/clinics with budget constraints in developing countries are the major factors driving the growth of this market. Growing initiatives undertaken by leading market players (such as GE Healthcare, Philips Healthcare, and Siemens Healthineers) to establish refurbishment facilities in both mature and developing markets are further adding to the growth prospects of Refurbished Medical Equipment market.

Emerging markets including India offer high growth potential for companies engaged in the development and distribution of refurbished medical devices. Growing initiatives by market players, increasing patient population base, and rising number of partnerships and agreements among OEMs and third-party refurbishers are the key factors propelling the growth of refurbished medical equipment market in emerging markets.

A combination of bottom-up and top-down approaches was used to calculate the market sizes and growth rates of the refurbished medical equipment market and its subsegments. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Primary interviews with key opinion leaders were also used to determine the percentage shares of each product in emerging nations. The report provides qualitative insights about growth rates and market drivers for all subsegments. It maps market sizes and growth rates for each subsegment and identifies segments poised for rapid growth in each geographic segment.

GE Healthcare (U.K.), Philips Healthcare (Netherlands), and Siemens Healthineers (Germany), Agito Medical A/S (Denmark), Block Imaging International, Inc. (U.S.), DRE Medical, Inc. (U.S.), Radiology Oncology Systems, Inc., (U.S.) Soma Technology, Inc. (U.S.), Everx Pvt Ltd. (Australia), and Integrity Medical Systems, Inc. (U.S.) are some of the key players in the refurbished medical equipment market.

Target Audience:

  • Original Equipment Manufacturers (OEMs)
  • Third-party Refurbishers/Suppliers
  • Hospitals
  • Clinical Centers
  • Group Purchasing Organizations (GPOs)
  • Medical Research Laboratories
  • Academic Medical Centers and Universities

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This research report categorizes the refurbished medical equipment market into the following segments:

Global Refurbished Medical Equipment Market, by Product

  • Operating Room Equipment & Surgical Equipment
    • Anesthesia Machines
    • Agent and CO2 Monitors
    • Microscopes
    • Electrosurgical Units
    • Others
  • Patient Monitors
    • Pulse Oximeters
    • Multiparameter Monitors
    • Noninvasive Blood Pressure Monitors
    • Electrocardiography Devices (ECG)
  • Defibrillators
    • AED Defibrillators
    • Other Defibrillators (Manual, Biphasic, and Monophasic)
  • Medical Imaging Equipment
    • X-ray Machines
    • Ultrasound Systems
    • MRI Machines
    • CT Scanners
    • Nuclear Medicine Systems (PET, SPECT, and PET/CT)
    • Others
  • Cardiovascular & Cardiology Equipment X-ray Machines
    • Heart-Lung Machines
    • Coagulation Analyzers
    • Others
  • Neurology Equipment
    • EEG Machines
    • EMG Machines
  • Endoscopy Equipment
  • Intensive Care Units
    • Hardwire Systems
    • Telemetry Systems
  • Neonatal Intensive Care Units
    • Monitors
    • Incubators
  • IV Therapy Systems
  • Other Equipment

Global Refurbished Medical Equipment Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
  • Asia-Pacific
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top five companies in the refurbished medical equipment market

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Refurbished Medical Equipment Market Definition
    1.3 Refurbished Medical Equipment Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Methodology Steps
           2.1.1 Secondary and Primary Research Methodology
                    2.1.1.1 Secondary Research
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Research
                    2.1.2.1 Key Data From Primary Sources
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Demographics (Aging Population)
                    2.2.2.2 Incidence and Prevalence of Cancer
                    2.2.2.3 Burden of Cardiovascular Disease (CVD)
                    2.2.2.4 Increasing Number of Diagnostic Imaging Procedures
                    2.2.2.5 Reimbursement Policies
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Consolidation of Hospitals in Developed Regions
                    2.2.3.2 Standards and Regulations
                    2.2.3.3 Growing Medical Tourism in Developing Countries
                    2.2.3.4 Parent Market Analysis: Medical Devices Market
    2.3 Market Size Estimation Methodology
           2.3.1 Research Methodology: Bottom-Up Approach
           2.3.2 Research Methodology: Top-Down Approach
    2.4 Research Design
    2.5 Market Data Validation and Triangulation
    2.6 Assumptions for the Study

3 Executive Summary (Page No. - 40)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 46)
    4.1 Attractive Market Opportunities in the Global Refurbished Medical Equipment Market
    4.2 Global Refurbished Medical Equipment Market, By Product (2016–2021)
    4.3 Global Refurbished Medical Equipment Market, By Region (2016)
    4.4 Global Refurbished Medical Equipment Market, By Region (2016–2021)

5 Market Overview (Page No. - 50)
    5.1 Introduction
    5.2 Refurbished Medical Equipment Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Cost Containment Pressure on Healthcare Organizations
                    5.2.1.2 Growing Demand for Refurbished Medical Equipment in the Private Healthcare Sector
                    5.2.1.3 Large Inventory of Old Or Used Medical Devices
                    5.2.1.4 Rising Demand for Capital-Intensive Diagnostic Imaging Equipment
                    5.2.1.5 E-Commerce Platform Enhancing the Ease of Purchase of Refurbished Medical Equipment
                    5.2.1.6 Environment-Friendliness of the Refurbishment Process
           5.2.2 Restraints
                    5.2.2.1 Negative Perception About the Quality of Refurbished Medical Equipment Among End Users
                    5.2.2.2 Reluctance to Purchase Refurbished Medical Equipment Among Public Healthcare Providers
                    5.2.2.3 Lack of Awareness About the Benefits of Refurbished Equipment
           5.2.3 Opportunities
                    5.2.3.1 Rapid Growth in the Number of Private Hospitals and Diagnostic Centers
                    5.2.3.2 Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Stringent Regulations on the Import and Use of Refurbished Medical Equipment in Many Countries
                    5.2.4.2 Lack of Standardization and Harmonization of Policies on the Sale and Use of Refurbished Devices
                    5.2.4.3 Increase in Influx of Low-Cost New Medical Devices

6 Industry Insights (Page No. - 60)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Industry Trends
           6.4.1 Growing Interest of Oems in the Refurbished Medical Equipment Industry
           6.4.2 Rising Number of Service Offerings By Oems
           6.4.3 Potential Market Growth for Electromechanical Refurbishment
           6.4.4 Promotion of Environment-Friendly Refurbishing Programs By Oems
    6.5 Strategic Recommendations
           6.5.1 Introduction
           6.5.2 Oems
                    6.5.2.1 Form Partnerships, Collaborations, and Agreements With Hospitals and Diagnostic Centers
                    6.5.2.2 Tap Countries With Growing Private Healthcare Sector and Non-Restrictive Regulatory Policies
                    6.5.2.3 Form Separate Recognized Refurbished Product Divisions
           6.5.3 Third-Party Suppliers
                    6.5.3.1 Form Partnerships, Collaborations, and Agreements With Oems
                    6.5.3.2 Increase Capabilities to Carry Out Electromechanical Refurbishing
                    6.5.3.3 Form Partnerships, Collaborations, and Agreements With Hospitals and Diagnostic Centers
    6.6 Pricing Analysis

7 Refurbished Medical Equipment Market, By Product (Page No. - 71)
    7.1 Introduction
    7.2 Medical Imaging Equipment
           7.2.1 X-Ray Machines
           7.2.2 Ultrasound Systems
           7.2.3 MRI Machines
           7.2.4 CT Scanners
           7.2.5 Nuclear Imaging Systems (Pet, Spect, and Pet/CT)
           7.2.6 Other Medical Imaging Equipment
    7.3 Operating Room & Surgical Equipment
           7.3.1 Anesthesia Machines
           7.3.2 CO2 and Agent Monitors
           7.3.3 Microscopes
           7.3.4 Electrosurgical Units
           7.3.5 Other Operating Room and Surgical Equipment
    7.4 Patient Monitors
           7.4.1 Multiparameter Monitors
           7.4.2 Electrocardiography Devices (ECG)
           7.4.3 Pulse Oximeters
           7.4.4 Noninvasive Blood Pressure Monitors
    7.5 Cardiovascular & Cardiology Equipment
           7.5.1 Heart-Lung Machines
           7.5.2 Coagulation Analyzers
           7.5.3 Other Cardiovascular & Cardiology Equipment
    7.6 Defibrillators
           7.6.1 Automatic External Defibrillators
           7.6.2 Other Defibrillators
    7.7 Neurology Equipment
           7.7.1 EEG Machines
           7.7.2 EMG Machines
    7.8 Neonatal Intensive-Care Equipment
           7.8.1 Monitors
           7.8.2 Infant Incubators and Warmers
    7.9 Intensive Care Systems
           7.9.1 Hardwire Systems
           7.9.2 Telemetry Systems
    7.10 Endoscopy Equipment
    7.11 Intravenous (IV) Therapy Systems
    7.12 Other Medical Equipment

8 Refurbished Medical Equipment Market, By Region (Page No. - 104)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
    8.3 Europe
    8.4 Asia-Pacific
    8.5 Rest of the World (RoW)

9 Competitive Landscape (Page No. - 139)
    9.1 Overview
    9.2 Refurbished Medical Equipment Market Share Analysis
    9.3 Competitive Situation and Trends
           9.3.1 Agreements and Partnerships
           9.3.2 Expansions
           9.3.3 New Product Launches and Approvals
           9.3.4 Acquisitions
           9.3.5 Other Strategies

10 Company Profiles (Page No. - 146)
     10.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     10.2 Ge Healthcare (A Wholly Owned Subsidiary of General Electric Company)
     10.3 Philips Healthcare (A Business Unit of Koninklijke Philips N.V.)
     10.4 Siemens Healthineers (A Subsidiary of Siemens AG)
     10.5 Block Imaging International, Inc.
     10.6 Soma Technology, Inc.
     10.7 DRE Medical, Inc.
     10.8 Agito Medical A/S
     10.9 Everx Pvt Ltd.
     10.10 Integrity Medical Systems, Inc.
     10.11 Radiology Oncology Systems, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 199)
     11.1 Insights of Industry Experts
     11.2 Sample Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports


List of Tables (110 Tables)

Table 1 Comparison Between Average Selling Price of New and Refurbished Medical Equipment
Table 2 Regulations on the Import and Use of Refurbished Medical Equipment
Table 3 Growing Interest of Oems in the Refurbished Medical Equipment Market is A Major Market Trend
Table 4 Refurbished Medical Equipment Market Size, By Product, 2014–2021 (USD Million)
Table 5 Refurbished Medical Imaging Equipment Market Size, By Type, 2014–2021 (USD Million)
Table 6 Refurbished Medical Imaging Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 7 Refurbished X-Ray Machines Market Size, By Region, 2014–2021 (USD Million)
Table 8 Refurbished Ultrasound Systems Market Size, By Region, 2014–2021 (USD Million)
Table 9 Refurbished MRI Machines Market Size, By Region, 2014–2021 (USD Million)
Table 10 Refurbished CT Scanners Market Size, By Region, 2014–2021 (USD Million)
Table 11 Refurbished Nuclear Imaging Systems Market Size, By Region, 2014–2021 (USD Million)
Table 12 Refurbished Other Medical Imaging Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 13 Refurbished Operating Room and Surgical Equipment Market Size, By Type, 2014–2021 (USD Million)
Table 14 Refurbished Operating Room and Surgical Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 15 Refurbished Anesthesia Machines Market Size, By Region, 2014–2021 (USD Million)
Table 16 Refurbished CO2 and Agent Monitors Market Size, By Region, 2014–2021 (USD Million)
Table 17 Refurbished Microscopes Market Size, By Region, 2014–2021 (USD Million)
Table 18 Refurbished Electrosurgical Units Market Size, By Region, 2014–2021 (USD Million)
Table 19 Refurbished Other Operating Room and Surgical Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 20 Refurbished Patient Monitors Market Size, By Type, 2014–2021 (USD Million)
Table 21 Refurbished Patient Monitors Market Size, By Region, 2014–2021 (USD Million)
Table 22 Refurbished Multiparameter Monitors Market Size, By Region, 2014–2021 (USD Million)
Table 23 Refurbished Electrocardiography Devices Market Size, By Region, 2014–2021 (USD Million)
Table 24 Refurbished Pulse Oximeters Market Size, By Region, 2014–2021 (USD Million)
Table 25 Refurbished Non-Invasive Blood Pressure Monitors Market Size, By Region, 2014–2021 (USD Million)
Table 26 Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2014–2021 (USD Million)
Table 27 Refurbished Cardiovascular & Cardiology Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 28 Refurbished Heart-Lung Machines Market Size, By Region, 2014–2021 (USD Million)
Table 29 Refurbished Coagulation Analyzers Market Size, By Region, 2014–2021 (USD Million)
Table 30 Refurbished Other Cardiovascular & Cardiology Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 31 Refurbished Defibrillators Market Size, By Type, 2014–2021 (USD Million)
Table 32 Refurbished Defibrillators Market Size, By Region, 2014–2021 (USD Million)
Table 33 Refurbished Automatic External Defibrillators Market Size, By Region, 2014–2021 (USD Million)
Table 34 Refurbished Other Defibrillators Market Size, By Region, 2014–2021 (USD Million)
Table 35 Refurbished Neurology Equipment Market Size, By Type, 2014–2021 (USD Million)
Table 36 Refurbished Neurology Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 37 Refurbished EEG Machines Market Size, By Region, 2014–2021 (USD Million)
Table 38 Refurbished EMG Machines Market Size, By Region, 2014–2021 (USD Million)
Table 39 Refurbished Neonatal Intensive-Care Equipment Market Size, By Type, 2014–2021 (USD Million)
Table 40 Refurbished Neonatal Intensive-Care Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 41 Refurbished Monitors Market Size, By Region, 2014–2021 (USD Million)
Table 42 Refurbished Infant Incubators and Warmers Market Size, By Region, 2014–2021 (USD Million)
Table 43 Refurbished Intensive Care Systems Market Size, By Type, 2014–2021 (USD Million)
Table 44 Refurbished Intensive Care Systems Market Size, By Region, 2014–2021 (USD Million)
Table 45 Refurbished Hardwire Systems Market Size, By Region, 2014–2021 (USD Million)
Table 46 Refurbished Telemetry Systems Market Size, By Region, 2014–2021 (USD Million)
Table 47 Refurbished Endoscopy Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 48 Refurbished IV Therapy Systems Market Size, By Region, 2014–2021 (USD Million)
Table 49 Refurbished Other Medical Equipment Market Size, By Region, 2014–2021 (USD Million)
Table 50 Refurbished Medical Equipment Market Size, By Region, 2014-2021 (USD Million)
Table 51 North America: Refurbished Medical Equipment Market Size, By Country, 2014-2021 (USD Million)
Table 52 North America: Refurbished Medical Equipment Market Size, By Product, 2014-2021 (USD Million)
Table 53 North America: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 54 North America: Refurbished Patient Monitors Market Size, By Type, 2014-2021 (USD Million)
Table 55 North America: Refurbished Defibrillators Market Size, By Type, 2014-2021 (USD Million)
Table 56 North America: Refurbished Medical Imaging Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 57 North America: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 58 North America: Refurbished Neurology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 59 North America: Refurbished Intensive Care Systems Market Size, By Type, 2014-2021 (USD Million)
Table 60 North America: Refurbished Neonatal Intensive Care Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 61 U.S.: Refurbished Medical Equipment Market Size, By Product, 2014-2021 (USD Million)
Table 62 U.S.: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 63 U.S.: Refurbished Patient Monitors Market Size, By Type, 2014-2021 (USD Million)
Table 64 U.S.: Refurbished Defibrillators Market Size, By Type, 2014-2021 (USD Million)
Table 65 U.S.: Refurbished Medical Imaging Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 66 U.S.: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 67 U.S.: Refurbished Neurology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 68 U.S.: Refurbished Intensive Care Systems Market Size, By Type, 2014-2021 (USD Million)
Table 69 U.S.: Refurbished Neonatal Intensive Care Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 70 Canada: Refurbished Medical Equipment Market Size, By Product, 2014-2021 (USD Million)
Table 71 Canada: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 72 Canada: Refurbished Patient Monitors Market Size, By Type, 2014-2021 (USD Million)
Table 73 Canada: Refurbished Defibrillators Market Size, By Type, 2014-2021 (USD Million)
Table 74 Canada: Refurbished Medical Imaging Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 75 Canada: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 76 Canada: Refurbished Neurology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 77 Canada: Refurbished Intensive Care Systems Market Size, By Type, 2014-2021 (USD Million)
Table 78 Canada: Refurbished Neonatal Intensive Care Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 79 Europe: Refurbished Medical Equipment Market Size, By Product, 2014-2021 (USD Million)
Table 80 Europe: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 81 Europe: Refurbished Patient Monitors Market Size, By Type, 2014-2021 (USD Million)
Table 82 Europe: Refurbished Defibrillators Market Size, By Type, 2014-2021 (USD Million)
Table 83 Europe: Refurbished Medical Imaging Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 84 Europe: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 85 Europe: Refurbished Neurology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 86 Europe: Refurbished Intensive Care Systems Market Size, By Type, 2014-2021 (USD Million)
Table 87 Europe: Refurbished Neonatal Intensive Care Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 88 Asia-Pacific: Refurbished Medical Equipment Market Size, By Product, 2014-2021 (USD Million)
Table 89 Asia-Pacific: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 90 Asia-Pacific: Refurbished Patient Monitors Market Size, By Type, 2014-2021 (USD Million)
Table 91 Asia-Pacific: Refurbished Defibrillators Market Size, By Type, 2014-2021 (USD Million)
Table 92 Asia-Pacific: Refurbished Medical Imaging Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 93 Asia-Pacific: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 94 Asia-Pacific: Refurbished Neurology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 95 Asia-Pacific: Refurbished Intensive Care Systems Market Size, By Type, 2014-2021 (USD Million)
Table 96 Asia-Pacific: Refurbished Neonatal Intensive Care Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 97 RoW: Refurbished Medical Equipment Market Size, By Product, 2014-2021 (USD Million)
Table 98 RoW: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 99 RoW: Refurbished Patient Monitors Market Size, By Type, 2014-2021 (USD Million)
Table 100 RoW: Refurbished Defibrillators Market Size, By Type, 2014-2021 (USD Million)
Table 101 RoW: Refurbished Medical Imaging Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 102 RoW: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 103 RoW: Refurbished Neurology Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 104 RoW: Refurbished Intensive Care Systems Market Size, By Type, 2014-2021 (USD Million)
Table 105 RoW: Refurbished Neonatal Intensive Care Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 106 Agreements and Partnerships, 2013–2016
Table 107 Expansions, 2013–2016
Table 108 New Product Launches and Approvals, 2013–2016
Table 109 Acquisitions, 2013-2016
Table 110 Other Strategies, 2013-2016


List of Figures (47 Figures)

Figure 1 Global Refurbished Medical Equipment Market: Research Methodology Steps
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Increase in Aging Population, By Country (2010 vs 2015)
Figure 4 Percentage Increase in Aging Population, By Region (1980–2010 vs 2010–2040)
Figure 5 Incidence of Cancer, By Region, 2008–2012
Figure 6 Percentage Increase in the Number of New Cancer Cases, By Country (2012 vs 2020)
Figure 7 Number of Deaths Due to Cardiovascular Disease From 2005 to 2030, By Region
Figure 8 Number of CT and MRI Scans, By Country (2011 vs 2015)
Figure 9 Public Healthcare Expenditure (% of Total Healthcare Expenditure) in Developed Markets (2010–2014)
Figure 10 Refurbished Medical Devices – Reimbursement Scenario
Figure 11 Decrease in the Number of Hospitals, 2000–2012
Figure 12 Refurbished Medical Devices – Regulatory Scenario
Figure 13 Top Ten Medical Tourism Destinations, 2013
Figure 14 Data Triangulation Methodology
Figure 15 Data Triangulation Methodology
Figure 16 Global Refurbished Medical Equipment Market, By Product, 2016 (USD Million)
Figure 17 North America to Command the Largest Share of the Global Refurbished Medical Devices Market, 2016
Figure 18 Global Refurbished Medical Devices Market, By Product 2016 vs 2021 (USD Million)
Figure 19 Medical Imaging Equipment Segment Holds the Largest Market Size in All the Regions (2016-2021)
Figure 20 Increasing Privatization of the Healthcare Sector is Propelling the Market Growth
Figure 21 Medical Imaging Equipment and Cardiovascular & Cardiology Equipment to Drive the Market Growth in North America
Figure 22 North America to Account for the Largest Share of the Global Refurbished Medical Equipment Market in 2016
Figure 23 Asia-Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 24 Refurbished Medical Devices Market: Drivers, Restraints, Opportunities, & Challenges
Figure 25 Value Chain Analysis: Major Value Addition is Done During the Refurbishment Process
Figure 26 Porter’s Five Forces Analysis: Presence of Large Number of Third-Party Refurbishers Increases Competition
Figure 27 Refurbished Medical Equipment Industry Includes A Large Number of Third-Party Vendors and Few Oems
Figure 28 Medical Imaging Equipment Segment Dominates Refurbished Medical Devices Market (2016-2021)
Figure 29 Nuclear Medicine Systems to Grow at the Highest CAGR in the Refurbished Medical Imaging Equipment Market From 2016 to 2021
Figure 30 Anesthesia Machines Command Largest Share of the Refurbished Operating Room & Surgical Equipment Market in 2016
Figure 31 Multiparameter Monitors Dominate the Refurbished Patient Monitors Market (2016-2021)
Figure 32 Heart-Lung Machines Commanded Lion’s Share of the Refurbished Cardiovascular & Cardiology Equipment Market in 2016
Figure 33 Other Defibrillators Accounted for the Largest Share of the Refurbished Defibrillators Market in 2016
Figure 34 EMG Machines Segment to Grow at the Highest CAGR in This Market (2016-2021)
Figure 35 Infant Incubators and Warmers Segment Holds the Largest Share in the Neonatal Intensive-Care Equipment Market (2016-2021)
Figure 36 Telemetry Systems Hold the Largest Share in the Refurbished Intensive Care Systems Market (2016-2021)
Figure 37 Refurbished Medical Equipment Market Size, By Region, 2016-2021
Figure 38 North American Refurbished Medical Equipment Market Snapshot
Figure 39 European Refurbished Medical Devices Market Snapshot
Figure 40 Asia-Pacific Refurbished Medical Equipment Market Snapshot
Figure 41 Leading Refurbished Medical Equipment Market Players Adopted Agreements and Partnerships as Their Key Growth Strategy From 2013 to 2016
Figure 42 Global Refurbished Medical Devices Market Share, By Key Player, 2015
Figure 43 Agreements and Partnerships—Key Growth Strategy Adopted By Refurbished Medical Equipment Market Players Between 2013 & 2016
Figure 44 Geographic Revenue Mix of Top Three Players
Figure 45 General Electric Company: Company Snapshot
Figure 46 Koninklijke Philips N.V.: Company Snapshot
Figure 47 Siemens AG: Company Snapshot

The global refurbished medical equipment market is expected to reach USD 11.91 Billion by 2021 from USD 6.55 Billion in 2016, growing at a CAGR of 12.7% between 2016 and 2021.

On the basis of products, the market is divided into eleven segments, namely, operating room equipment & surgical equipment, patient monitors, defibrillators, medical imaging equipment, cardiovascular & cardiology equipment, IV therapy systems, neurology equipment, endoscopy equipment, intensive care systems, neonatal intensive-care equipment, and other medical equipment. The other medical equipment includes blanket warmers, autoclaves, suction pumps, sequential compressor devices (SCDs), stretchers, stress test systems, heaters/coolers, dry imagers, and beds.

The medical imaging equipment segment holds the largest share of the global refurbished medical equipment market in 2016. Most healthcare facilities in developing countries cannot afford new equipment due to their high installation and maintenance costs. As a result, the demand for refurbished medical imaging equipment is increasing in these regions. The cardiovascular & cardiology equipment segment is expected to grow at the highest CAGR in the next five years; the increasing prevalence of heart-related diseases and other cardiac illnesses is the key factor increasing the adoption of these equipment, globally.

On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America is estimated to dominate the global market. The growing aging population, high incidence/prevalence of various diseases (such as cancer and CVD), favorable regulatory scenario for the sale and use of refurbished medical systems in the U.S., and declining insurance reimbursements for imaging procedures are key drivers for the market growth in this region. The Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. Factors such as growing increasing privatization in the healthcare sector, huge patient population base, and high demand for refurbished medical equipment from hospitals and clinics with budgetary constraints are the key factors driving the growth of this market. Furthermore, leading market players are setting up refurbishment facilities in the region to meet the high demand for used/refurbished products in India, a major market for refurbished medical equipment in Asia-Pacific.

Refurbished Medical Equipment Market

Agreements and partnerships were the primary growth strategies adopted by major players to expand their product portfolio in the global refurbished medical equipment market. Several market players also adopted strategies such as expansions and acquisitions to expand their presence and increase their visibility in the market.

GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Block Imaging International, Inc., (U.S.), Soma Technology, Inc. (U.S.), DRE Medical, Inc. (U.S.), Agito Medical A/S (Denmark), Everx Pvt Ltd. (Australia), Integrity Medical Systems, Inc. (U.S.), and Radiology Oncology Systems, Inc. (U.S.) are some of the key players operating in the global refurbished medical equipment market.

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