(PharmaNewsWire.Com, December 15, 2017 ) 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 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.
Factors such as the utmost reasonable and feasible alternate to costly high-end equipment, decrease in electronic and toxic waste, e-Marketing are enhancing the growth of this market and the increase in the number of patient population are some of the reasons which are fuelling the market growth. Though, huge taxes imposed on the import of medical devices, lack of standardized refurbishment processes, lack of awareness for refurbished devices, and reluctance towards purchase of refurbished devices are some of the reasons hindering the growth of this market.
The North America refurbished medical devices market is segmented on the basis of product type into neonatal intensive-care equipment, cardiovascular & cardiology equipment, endoscopy equipment, defibrillators, neurology equipment, medical imaging equipment, IV therapy systems, patient monitors, intensive care systems, operating room equipment & surgical equipment and other medical equipment. 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.
Based on geography the market is analysed under various regions namely, USA and Canada. USA is the leading market for refurbished medical devices due to better healthcare infrastructure.
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.
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