The refurbishment procedure consist of initial physical check, analysis of all devices parameters, substitution of non-functioning components and parts, checking & setting of all accessories, peripherals and units, recording of all alterations made in the device, and sanction by the quality control department. The devices that are generally refurbished are intended to have long-use periods.
There are two distinct groups that refurbish medical devices. The refurbishment in the first group is performed by the OEM and the products are sent to the medical institutions of developed countries. The refurbishment in the second type is done by a third party and the devices are sold to the medical institutions of developing countries.
Middle-East and Africa Refurbished Medical Devices Market: Drivers & Restraints Increasing demand for low-cost medical devices due to economic restraints, growing privatization of the healthcare sector and rising acceptance of refurbished medical devices in developing countries are the major factors driving the refurbished medical devices market. The adverse outlook of public organizations regarding the procurement of refurbished medical devices and lack of standardization policies related to the use of refurbished medical devices are some of the main limitations obstructing the growth of the market.
Middle-East and Africa Refurbished Medical Devices Market: Overview North America leads the refurbished medical devices market due to the increasing trend of medical tourism and growing privatization of the healthcare sector in this region. The patient monitor device segment holds the major share in the market due to the less cost of product, growing awareness for chronic diseases and technological developments such as innovations of portable patient monitoring devices. As of 2016, North America holds the largest share of the global refurbished medical equipment market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021
Middle-East and Africa Refurbished Medical Devices Market: Region-wise Outlook Based on geography the market is analysed under various regions namely, Middle-East and Africa. The health care sector in Africa is displaying signs of significant improvement, as the quality of hospitals and the availability of experienced doctors has intensely improved over the past few years.
Key Questions Answered What will be the market growth till 2021 and what will be the resultant market forecast in the year?
What was the market size from 2016 to 2021? What is the current and future Refurbished Medical Devices Market outlook in Middle-East and Africa?
What trends are affecting the Middle-East and Africa market?
What is the competitive landscape and market share of major players in the Refurbished Medical Devices space in Middle-East and Africa?
What are the key, high growth markets that Refurbished Medical Devices manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Refurbished Medical Devices currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Refurbished Medical Devices?
What are the challenges and barriers that have hindered widespread adoption of Refurbished Medical Devices?
Middle-East and Africa Refurbished Medical Devices Market: Key Players The key players in the refurbished medical devices market are Siemens Healthcare systems, First Source Inc., DMS Topline, Radio Oncology Systems Inc., Johnson & Johnson, GE Healthcare, DRE Inc., Block Imaging International Inc., Integrity Medical systems Inc., Everx Pvt Ltd., Philips Healthcare, Agito medical A/S and Soma Technology.
Reasons to buy Middle-East and Africa Refurbished Medical Devices Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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