HOME Top Market Reports Refurbished Medical Equipment Market (Ultrasound, MRI, CT Scanner, C-Arm, Nuclear Imaging Systems, Heart-Lung Machine, Surgical, CO2 Monitor, Patient Monitor, Pulse Oximeter, AED Defibrillator, Cath Labs, Stretchers, Endoscopy) - Global Forecasts to 2019

Refurbished Medical Equipment Market (Ultrasound, MRI, CT Scanner, C-Arm, Nuclear Imaging Systems, Heart-Lung Machine, Surgical, CO2 Monitor, Patient Monitor, Pulse Oximeter, AED Defibrillator, Cath Labs, Stretchers, Endoscopy) - Global Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: MD 3122

 

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The refurbished medical equipment market is expected to reach $9.37 billion by 2019, at a CAGR of 12.5% from 2014 to 2019. Growing demand for low-cost medical devices due to financial constraints, increasing privatization in the healthcare sector, and rising adoption of refurbished medical devices in emerging countries are the key factors fuelling the growth of the market. However, the negative outlook of public institutes regarding the purchase of refurbished medical equipment, and lack of standardization and harmonization of policies related to the sale and use of refurbished medical devices are some of the key restraints hampering the growth of the market.

Emerging markets such as India, Brazil, and Mexico are lucrative regions for companies engaged in the refurbishment of used medical equipment. Rising trend of medical tourism, huge population base, and increasing privatization of the healthcare sector are the key factors propelling the demand for refurbished medical equipment in the emerging markets.

As of 2014, GE Healthcare (U.K.) held the leadership position in the global refurbished medical equipment market. The company focuses on expansion of its refurbishment facility as its key business strategy. In line with this, in March 2010, the company launched its CT system manufacturing facility in Bangalore, India. Similarly, in October 2012, GE participated in the Aquino administration’s public-private partnership (PPP) program to improve its accessibility in the healthcare sector of Philippines.

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

Scope of the Report:

This report categorizes the global refurbished medical equipment market into the following segments and subsegments:

By Product

  • Operating Room and Surgical Equipment
    • Anesthesia Machines and Ventilators
    • Agent and CO2 Monitors
    • Microscopes
    • Electrosurgical Units
    • Others
  • Patient Monitors
    • Pulse Oximeters
    • ECG Devices
    • Multiparameter Monitors
    • Noninvasive Blood Pressure Monitors
  • Defibrillators
    • AED Defibrillators
    • Others Defibrillators
  • Medical Imaging Equipment
    • X-rays Machines
    • Ultrasounds Systems
    • MRI Machines
    • CT Scanners
    • Nuclear Medicine Systems
    • Others
  • Cardiovascular and Cardiology Equipment
    • Heart-lung Machines
    • Coagulation Analyzers
    • Others
  • IV Therapy Systems
  • Neurology Equipment
    • EEG Machines
    • EMG Machines
  • Endoscopy Equipment
  • Intensive Care Units
    • Hardwire Systems
    • Telemetry Systems
  • Neonatal Intensive Care Units
  • Infant Incubators and Warmers
    • Monitors
  • Other Medical Equipment*

By Region

  • North America
  • Europe
  • Asia-Pacific
  • RoW (Rest of the World)**

Note:- *Other medical equipment includes blanket warmers, autoclaves, suction pumps, sequential compressor devices (SCDs), stretchers, cath labs, stress test systems, heaters/coolers, dry imagers, and beds
** RoW includes Latin America, Middle East, and Africa

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 Refurbished Medical Equipment Market Segmentation
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitation
    1.7 Refurbished Medical Equipment Market Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    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 Refurbished Medical Equipment Market Size Estimation
                     2.3.1.1 Bottom-Up Approach
                     2.3.1.2 Top-Down Approach
    2.4 Refurbished Medical Equipment Market Breakdown and Data Triangulation
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 42)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 47)
    4.1 Attractive Market Opportunities in the Global Refurbished Medical Equipment Market
    4.2 Global Refurbished Medical Equipment Market,  2014–2019
    4.3 Global Market, By Product (2014–2019)
    4.4 Global Market, By Region (2014)
    4.5 Global Market, By Product (CAGR), 2014–2019
    4.6 Global Market, By Region (2014–2019)

5 Market Overview (Page No. - 53)
    5.1 Introduction
    5.2 Refurbished Medical Equipment Market Segmentation
    5.3 Refurbished Medical Equipment Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Cost-Containment Pressures on Healthcare Organizations
                     5.3.1.2 Increasing Demand for Refurbished Medical Devices in the Private Healthcare Sector
                     5.3.1.3 Increasing Demand for Capital-Intensive Advanced Diagnostic Imaging Equipment
                     5.3.1.4 Substantial Supply of Old Medical Devices for Refurbishment
                     5.3.1.5 Online Market Place Stimulates Sales
                     5.3.1.6 Environment-Friendliness of Refurbishment
           5.3.2 Restraints
                     5.3.2.1 Negative Association Among End Users
                     5.3.2.2 Reluctance to Purchase Refurbished Devices
                     5.3.2.3 Lack of Awareness on the Benefits of Refurbished Equipment
           5.3.3 Opportunities
                     5.3.3.1 Growth in the Number of Hospitals and Diagnostic Centers
                     5.3.3.2 Huge Demand for Refurbished Equipment in Emerging Markets
           5.3.4 Challenges
                     5.3.4.1 Stringent Regulations on the Import of Refurbished Devices in Many Countries
                     5.3.4.2 Lack of Standardization, Harmonization of Policies on the Sale and Use of Refurbished Devices

6 Industry Insights (Page No. - 66)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat From New Entrants
           6.3.2 Threat From 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 Devices Industry
           6.4.2 Rising Number of Service Offerings By OEMS
           6.4.3 Increasing Demand for Electromechanical Refurbishment in Near Future
           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 Enter Into 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 Enter Into Partnerships, Collaborations, and Agreements With OEMS
                     6.5.3.2 Increase Capabilities to Carry Out Electromechanical Refurbishing
                     6.5.3.3 Enter Into Partnerships, Collaborations, and Agreements With Hospitals and Diagnostic Centers
    6.6 Pricing Analysis

7 Refurbished Medical Equipment Market, By Product (Page No. - 77)
    7.1 Introduction
    7.2 Operating Room & Surgical Equipment
           7.2.1 Anesthesia Machines
           7.2.2 Co2 and Agent Monitors
           7.2.3 Microscopes
           7.2.4 Electrosurgical Units
           7.2.5 Other Operating Room and Surgical Equipment
    7.3 Patient Monitors
           7.3.1 Pulse Oximeters
           7.3.2 Electrocardiography Devices (ECG)
           7.3.3 Multi-Parameter Monitors
           7.3.4 Non-Invasive Blood Pressure Monitors
    7.4 Defibrillators
           7.4.1 Automatic External Defibrillators
           7.4.2 Other Defibrillators
    7.5 Medical Imaging Equipment
           7.5.1 X-Ray Machines
           7.5.2 Ultrasound Systems
           7.5.3 Mri Machines
           7.5.4 CT Scanners
           7.5.5 Nuclear Imaging Systems (PET, SPECT, and PET/CT)
           7.5.6 Other Medical Imaging Equipment
    7.6 Cardiovascular & Cardiology Equipment
           7.6.1 Heart-Lung Machines
           7.6.2 Coagulation Analyzers
           7.6.3 Others Cardiovascular & Cardiology Equipment
    7.7 IV Therapy Systems
    7.8 Neurology Equipment
           7.8.1 EEG Machines
           7.8.2 EMG Machines
    7.9 Endoscopy Equipment
    7.1 Intensive Care Systems
           7.10.1 Hardwire Systems
           7.10.2 Telemetry Systems
    7.11 Neonatal Intensive-Care Equipment
           7.11.1 Monitors
           7.11.2 Infant Incubators and Warmers
    7.12 Other Medical Equipment

8 Refurbished Medical Equipment Market, By Region (Page No. - 116)
    8.1 Introduction
    8.2 North America
    8.3 Europe
    8.4 Asia-Pacific
    8.5 Rest of the World (RoW)

9 Competitive Landscape (Page No. - 152)
    9.1 Overview
    9.2 Refurbished Medical Equipment Market Share Analysis, By Key Players, 2014 
    9.3 Competitive Situation and Trends
    9.4 Recent Developments
           9.4.1 Agreements, Partnerships, and Alliances
           9.4.2 New Service Launches
           9.4.3 New Product Catalog Launches, Product Enhancements
           9.4.4 New Facility Launches and Expansions
           9.4.5 Other Developments

10 Company Profile (Page No. - 160)
     10.1 Agito Medical A/S
             10.1.1 Business Overview
             10.1.2 Products & Services
             10.1.3 Key Strategy
     10.2 Block Imaging International, Inc.
             10.2.1 Business Overview
             10.2.2 Products & Services
             10.2.3 Key Strategy
             10.2.4 Recent Developments
             10.2.5 SWOT Analysis
     10.3 DRE, Inc.
             10.3.1 Business Overview
             10.3.2 Products & Services
             10.3.3 Key Strategy
             10.3.4 Recent Developments
     10.4 Everx Pvt Ltd.
             10.4.1 Business Overview
             10.4.2 Products & Services
             10.4.3 Key Strategy
     10.5 GE Healthcare (A Division of General Electric Company)
             10.5.1 Business Overview
             10.5.2 Products & Services
             10.5.3 Key Strategy
             10.5.4 Recent Developments
             10.5.5 SWOT Analysis
     10.6 Integrity Medical Systems, Inc.
             10.6.1 Business Overview
             10.6.2 Products & Services
             10.6.3 Key Strategy
     10.7 Philips Healthcare
             10.7.1 Business Overview
             10.7.2 Products & Services
             10.7.3 Key Strategy
             10.7.4 Recent Developments
             10.7.5 SWOT Analysis
     10.8 Radiology Oncology Systems, Inc.
             10.8.1 Business Overview
             10.8.2 Products & Services
             10.8.3 Key Strategy
             10.8.4 Recent Developments
     10.9 Siemens Healthcare
             10.9.1 Business Overview
             10.9.2 Products & Services
             10.9.3 Key Strategy
             10.9.4 Recent Developments
             10.9.5 SWOT Analysis
     10.1 Soma Technology, Inc.
             10.10.1 Business Overview
             10.10.2 Products & Services
             10.10.3 Key Strategy
             10.10.4 Recent Developments
             10.10.5 SWOT Analysis

11 Appendix (Page No. - 200)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Company Developments
             11.3.1 Block Imaging International, Inc. (U.S.)
             11.3.2 Soma Technology, Inc. (U.S.)
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports


List of Tables (94 Tables)

Table 1 Public Healthcare Expenditure (% of Total Healthcare Expenditure) in Developed Markets – 2010 to 2012
Table 2 Comparison Between Average Selling Price of New and Refurbished Medical Equipment
Table 3 Global Refurbished Medical Equipment Market Size, By Product,  2012–2019 ($Million)
Table 4 Global Refurbished Operating Room and Surgical Equipment Market Size,  By Type, 2012–2019 ($Million)
Table 5 Global Refurbished Operating Room and Surgical Equipment Market Size, By Region, 2012–2019 ($Million)
Table 6 Global Refurbished Anesthesia Machines and Ventilators Market Size, By Region, 2012–2019 ($Million)
Table 7 Global Refurbished Agent and Co2 Monitors Market Size, By Region,  2012–2019 ($Million)
Table 8 Global Refurbished Microscopes Market Size, By Region,  2012–2019 ($Million)
Table 9 Global Refurbished Electrosurgical Units Market Size,  By Region, 2012–2019 ($Million)
Table 10 Global Refurbished Others Operating Room and Surgical Equipment Market Size, By Region, 2012–2019 ($Million)
Table 11 Global Refurbished Patient Monitors Market Size,  By Type, 2012–2019 ($Million)
Table 12 Global Refurbished Patient Monitors Market Size,  By Region, 2012–2019 ($Million)
Table 13 Global Refurbished Pulse Oximeters Market Size,  By Region, 2012–2019 ($Million)
Table 14 Global Refurbished ECG Market Size, By Region, 2012–2019 ($Million)
Table 15 Global Refurbished Multi-Parameter Monitors Market Size, By Region, 2012–2019 ($Million)
Table 16 Global Refurbished Non-Invasive Blood Pressure Monitors Market Size, By Region, 2012–2019 ($Million)
Table 17 Global Refurbished Defibrillators Market Size, By Type, 2012–2019 ($Million)
Table 18 Global Refurbished Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 19 Global Refurbished Automatic External Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 20 Global Refurbished Other Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 21 Global Refurbished Medical Imaging Equipment Market Size, By Type, 2012–2019 ($Million)
Table 22 Global Refurbished Medical Imaging Equipment Market Size, By Region, 2012–2019 ($Million)
Table 23 Global Refurbished X-Ray Machines Market Size, By Region, 2012–2019 ($Million)
Table 24 Global Refurbished Ultrasound Systems Market Size, By Region, 2012–2019 ($Million)
Table 25 Global Refurbished MRI Machines Market Size,  By Region, 2012–2019 ($Million)
Table 26 Global Refurbished CT Scanners Market Size,  By Region, 2012–2019 ($Million)
Table 27 Global Refurbished Nuclear Imaging Systems Market Size,  By Region, 2012–2019 ($Million)
Table 28 Global Refurbished Other Medical Imaging Equipment Market Size,  By Region, 2012–2019 ($Million)
Table 29 Global Refurbished Cardiovascular & Cardiology Equipment Market Size,  By Type, 2012–2019 ($Million)
Table 30 Global Refurbished Cardiovascular & Cardiology Equipment Market Size,  By Region, 2012–2019 ($Million)
Table 31 Global Refurbished Heart-Lung Machines Market Size, By Region,  2012–2019 ($Million)
Table 32 Global Refurbished Coagulation Analyzers Market Size,  By Region, 2012–2019 ($Million)
Table 33 Global Refurbished Other Cardiovascular & Cardiology Equipment Market Size, By Region, 2012–2019 ($Million)
Table 34 Global Refurbished IV Therapy Systems Market Size,  By Region, 2012–2019 ($Million)
Table 35 Global Refurbished Neurology Equipment Market Size,  By Type, 2012–2019 ($Million)
Table 36 Global Refurbished Neurology Equipment Market Size,  By Region, 2012–2019 ($Million)
Table 37 Global Refurbished EEG Machines Market Size,  By Region, 2012–2019 ($Million)
Table 38 Global Refurbished EMG Machines Market Size,  By Region, 2012–2019 ($Million)
Table 39 Global Refurbished Endoscopy Equipment Market Size,  By Region, 2012–2019 ($Million)
Table 40 Global Refurbished Intensive Care Systems Market Size,  By Type, 2012–2019 ($Million)
Table 41 Global Refurbished Intensive Care Systems Market Size,  By Region, 2012–2019 ($Million)
Table 42 Global Refurbished Hardwire Systems Market Size,  By Region, 2012–2019 ($Million)
Table 43 Global Refurbished Telemetry Systems Market Size,  By Region, 2012–2019 ($Million)
Table 44 Global Refurbished Neonatal Intensive-Care Equipment Market Size,  By Type, 2012–2019 ($Million)
Table 45 Global Refurbished Neonatal Intensive-Care Equipment Market Size,  By Region, 2012–2019 ($Million)
Table 46 Global Refurbished Monitors Market Size, By Region, 2012–2019 ($Million)
Table 47 Global Refurbished Infant Incubators and Warmers Market Size,  By Region, 2012–2019 ($Million)
Table 48 Global Refurbished Other Medical Equipment Market Size,  By Region, 2012–2019 ($Million)
Table 49 Refurbished Medical Equipment Market That Permit Importation of Pre-Owned Medical Devices as New
Table 50 Refurbished Medical Equipment Market With Public Procurement Policies Discouraging Purchase of Pre-Owned Medical Equipment
Table 51 Refurbished Medical Equipment Market That Restrict Importation of Pre-Owned Medical Equipment
Table 52 Refurbished Medical Equipment Market That Prohibit/Ban Importation of Pre-Owned Medical Equipment
Table 53 Refurbished Medical Equipment Market Size, By Region, 2012-2019 ($Million)
Table 54 North America: Refurbished Medical Equipment Market Size,  By Product, 2012-2019 ($Million)
Table 55 North America: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2012-2019 ($Million)
Table 56 North America: Refurbished Patient Monitors Market Size,  By Type, 2012-2019 ($Million)
Table 57 North America: Refurbished Defibrillators Market Size,  By Type, 2012-2019 ($Million)
Table 58 North America: Refurbished Medical Imaging Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 59 North America: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2012-2019 ($Million)
Table 60 North America: Refurbished Neurology Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 61 North America: Refurbished Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 62 North America: Refurbished Neonatal Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 63 Europe: Refurbished Medical Equipment Market Size,  By Product, 2012-2019 ($Million)
Table 64 Europe: Refurbished Operating Room & Surgical Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 65 Europe: Refurbished Patient Monitors Market Size,  By Type, 2012-2019 ($Million)
Table 66 Europe: Refurbished Defibrillators Market Size, By Type, 2012-2019 ($Million)
Table 67 Europe: Refurbished Medical Imaging Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 68 Europe: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2012-2019 ($Million)
Table 69 Europe: Refurbished Neurology Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 70 Europe: Refurbished Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 71 Europe: Refurbished Neonatal Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 72 Asia-Pacific: Refurbished Medical Equipment Market Size,  By Product, 2012-2019 ($Million)
Table 73 Asia-Pacific: Refurbished Operating Room & Surgical Equipment Market Size, By Type, 2012-2019 ($Million)
Table 74 Asia-Pacific: Refurbished Patient Monitors Market Size,  By Type, 2012-2019 ($Million)
Table 75 Asia-Pacific: Refurbished Defibrillators Market Size,  By Type, 2012-2019 ($Million)
Table 76 Asia-Pacific: Refurbished Medical Imaging Equipment Market Size, By Type, 2012-2019 ($Million)
Table 77 Asia-Pacific: Refurbished Cardiovascular & Cardiology Equipment Market Size, By Type, 2012-2019 ($Million)
Table 78 Asia-Pacific: Refurbished Neurology Equipment Market Size, By Type, 2012-2019 ($Million)
Table 79 Asia-Pacific: Refurbished Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 80 Asia-Pacific: Refurbished Neonatal Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 81 RoW: Refurbished Medical Equipment Market Size,  By Product, 2012-2019 ($Million)
Table 82 RoW: Refurbished Operating Room & Surgical Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 83 RoW: Refurbished Patient Monitors Market Size, By Type, 2012-2019 ($Million)
Table 84 RoW: Refurbished Defibrillators Market Size, By Type, 2012-2019 ($Million)
Table 85 RoW: Refurbished Medical Imaging Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 86 RoW: Refurbished Cardiovascular & Cardiology Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 87 RoW: Refurbished Neurology Equipment Market Size,  By Type, 2012-2019 ($Million)
Table 88 RoW: Refurbished Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 89 RoW: Refurbished Neonatal Intensive Care Units Market Size,  By Type, 2012-2019 ($Million)
Table 90 Top 5 Agreements, Partnerships, and Alliances, 2011-2014
Table 91 Top 5 New Services Launches, 2011-2014
Table 92 New Product Catalog Launches and Product Enhancements, 2011-2014
Table 93 Top 5 New Facility Launches and Expansions, 2011-2014
Table 94 Top 5 Other Developments, 2011-2014
 
List of Figures (65 Figures)
 
Figure 1 Global Refurbished Medical Equipment Market, By Product
Figure 2 Refurbished Medical Equipment Market, By Region
Figure 3 Research Design
Figure 4 Increase in Aging Population, By Country (2005 vs. 2010)
Figure 5 Percentage Increase in Aging Population, By Region  (1980–2010 vs. 2010–2040)
Figure 6 Incidence of Cancer, By Region, 2008 vs. 2012
Figure 7 Number of New Cancer Cases, By Country (2012 vs. 2020)
Figure 8 Prevalence of Cancer for the Next 3 and 5 Years, By Country
Figure 9 Burden of Cardiovascular Disease, By Region – From 2005 to 2030
Figure 10 Number of CT and MRI Scans, By Country – 2007 and 2012
Figure 11 Refurbished Medical Devices – Reimbursement Scenario
Figure 12 Decrease in the Number of Hospitals, 2000–2012
Figure 13 Refurbished Medical Devices – Regulatory Scenario
Figure 14 Percentage of Medical Tourists, By Point of Origin, 2011
Figure 15 Top Ten Medical Tourism Destinations, 2013
Figure 16 Bottom-Up Approach
Figure 17 Top-Down Approach
Figure 18 Assumptions of the Research Study
Figure 19 Limitations of the Research Study
Figure 20 Medical Imaging Equipment Segment is Expected to Double in the Forecast Period
Figure 21 North America Region Commands the Largest Share of the Global Refurbished Medical Equipment Market, 2014
Figure 22 More Than 60% of the Refurbished Medical Equipment Market Share is Covered By the Medical Imaging Equipment Segment, 2014
Figure 23 North American Refurbished Medical Equipment Market Size is Expected to Double By 2019
Figure 24 Increasing Privatization of the Healthcare Sector is Propelling the Market Growth
Figure 25 Medical Imaging Equipment and Cardiovascular & Cardiology Equipment to Drive the Market Growth in North America
Figure 26 The Top Three Product Segments Will Account for More Than 80% of the Total Refurbished Medical Equipment Market By 2019
Figure 27 North America Accounts for the Largest Share of the Global Refurbished Medical Equipment Market in 2014
Figure 28 Cardiovascular & Cardiology Equipment to Grow at the Fastest Rate in During the Forecast Period
Figure 29 North America Dominates the Global Refurbished Medical Equipment Market
Figure 30 Global Refurbished Medical Equipment Market, By Product
Figure 31 Increasing Demand for Low-Cost Medical Equipment Will Propel Market Growth
Figure 32 Increasing Demand for Refurbished Medical Devices in the Private Healthcare Sector Driving Market Growth
Figure 33 Negative Association Among End Users Towards the Purchase of Refurbished Medical Devices is Restraining Market Growth
Figure 34 Huge Demand for Refurbished Equipment in Emerging Markets: A New Growing Opportunity for Market Players
Figure 35 Stringent Regulations on the Import of Refurbished Devices in Many Countries is A Key Challenge Market
Figure 36 Value Chain Analysis (2014): Major Value Addition is Done During the Refurbishment Process
Figure 37 Porter’s Five Forces Analysis: Presence of Large Number of Third-Party Refurbishes Increases Competition in the Industry
Figure 38 Increasing Interest of OEMS in the Refurbished Medical Equipment Market is A Rising Trend
Figure 39 Refurbished Medical Equipment Industry Includes Large Number of Third-Party Vendors and Few OEMS
Figure 40 Planned & Effective Lifetime of Refurbished Medical Devices
Figure 41 Medical Imaging Equipment Segment is Driving the Growth of the Global Refurbished Medical Equipment Market
Figure 42 North America Commanded Largest Share of the Refurbished Operating Room & Surgical Equipment Market in 2014
Figure 43 North America Will Continue to Dominate the Refurbished Patient Monitors Market in the Next Five Years
Figure 44 North America Accounted for the Largest Share of the Refurbished Defibrillators Market in 2014
Figure 45 Asia-Pacific to Grow at the Highest CAGR in the Refurbished Medical Imaging Equipment Market in the Next Five Years
Figure 46 North America Commanded Lion’s Share of the Refurbished Cardiovascular & Cardiology Equipment Market in 2014
Figure 47 Asia-Pacific to Grow at the Highest CAGR in the Refurbished IV Therapy Systems Market in the Forecast Period
Figure 48 North America Will Continue to Dominate the Refurbished Neurology Equipment Market in the Next Five Years
Figure 49 Asia-Pacific to Grow at the Highest CAGR in the Refurbished Endoscopy Equipment Market From 2014 to 2019
Figure 50 North America is the Fastest-Growing Region in the Refurbished Intensive Care Systems Market
Figure 51 North America Will Drive the Growth of the Refurbished Neonatal Intensive Care Units Market in the Forecast Period
Figure 52 Asia-Pacific to Grow at the Highest CAGR of 10.7% in the Refurbished Other Medical Equipment Market in the Next Five Years
Figure 53 North America Commands Lion’s Share of the Refurbished Medical Equipment Market in 2014
Figure 54 North America Market Snapshot: Demand Will Be Driven By Presence of Large Number of Private Healthcare Facilities
Figure 55 Regulatory Scenario of the U.S. Refurbished Medical Equipment Market
Figure 56 Europe Market Snapshot: Increasing Private Healthcare Sector and Medical Tourism in Central and Eastern Europe Are Key Factors to Drive the Market Growth
Figure 57 Regulatory Scenario of Refurbished Medical Equipment Market in Europe
Figure 58 Asia-Pacific Market Snapshot: High Demand for Refurbished Medical Equipment By Low-Budget Hospitals and Clinics Will Continue Drive the Market Growth
Figure 59 Regulatory Scenario of Refurbished Medical Equipment Market in Asia-Pacific
Figure 60 Leading Refurbished Medical Equipment Market Players Adopted Agreements, Partnerships, and Alliances as Key Growth Strategies During 2011-2014
Figure 61 Global Refurbished Medical Equipment Market Share,  By Key Player, 2014
Figure 62 Agreements, Partnerships, and Alliances Are the Key Strategies
Figure 63 General Electric Company: Company Snapshot
Figure 64 Royal Philips: Company Snapshot
Figure 65 Siemens AG: Company Snapshot

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

The operating room and surgical equipment segment is further classified into anesthesia machines and ventilators, CO2 and agent monitors, microscopes, electrosurgical units, and others (harmonic scalpels, surgical lights and tables, and tourniquets). The patient monitors market is categorized into pulse oximeters, ECG devices, multiparameter monitors, and noninvasive blood pressure monitors. The defibrillators market is categorized into AED defibrillators and other defibrillators (manual defibrillators, biphasic defibrillators, and monophasic defibrillators). The medical imaging equipment segment includes X-ray machines, ultrasounds systems, MRI machines, CT scanners, nuclear medicine systems, and others (C-arm devices and mammography systems). The cardiovascular and cardiology equipment segment is categorized into heart-lung machines, coagulation analyzers, and others (EKG machines, cath labs, autotransfusion systems, and intra-aortic balloon pumps). The neurology equipment segment is further bifurcated into EEG machines and EMG machines. The intensive care units segment is classified into hardwire systems and telemetry systems; whereas, the neonatal intensive care unit segment is further divided into infant incubators and warmers, and monitors.

The global refurbished medical equipment market is estimated to grow expected to reach $9.37 billion by 2019, at a CAGR of 12.5% from 2014 to 2019. Factors such as growing demand for low-cost medical devices due to financial constraints, increasing privatization in the healthcare sector, and rising adoption of refurbished medical devices in emerging countries are driving the growth of the global market. However, the negative outlook of public institutes regarding the purchase of refurbished medical equipment and lack of standardization and harmonization of policies related to the sale and use of refurbished medical devices are restricting the growth of this market.

On the basis of regions, market is classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. In 2014, the global market was dominated by North America. Factors such as the growing aging population, high incidence/prevalence of various diseases (such as cancer and CVD), favorable regulatory scenario for sale and use of refurbished medical systems, and declining insurance reimbursements for imaging procedures are driving the growth of the refurbished medical equipment market in the North American region. The Asia-Pacific market is expected to grow at the highest CAGR from 2014 to 2019 due to the increasing privatization of the healthcare sector, poor reimbursement scenario, huge patient population base, and presence of a large number of low budget hospitals/clinics.

New service launches; agreements, partnerships, and alliances; new product catalog launches and product enhancements; and new facility launches are the key strategies adopted by major players to maintain their position in the global refurbished medical equipment market.

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

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