(PharmaNewsWire.Com, February 28, 2017 ) According to the report Refurbished Medical Devices Market by Product Type (Operating Room Devices & Surgical Devices, Patient Monitors, Defibrillators, Neurology Devices, Medical Imaging Devices, Cardiovascular & Cardiology Devices, IV Therapy Systems, Endoscopy Devices, Intensive Care Systems, Neonatal Intensive-Care Devices, and Other Medical Devices) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021)", published by Market Data Forecast, the global market is projected to reach USD 12.25 Billion by 2021, at a CAGR of 12.5% from 2016 to 2021.
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 growth of the refurbished medical devices market is largely driven by the rising prevalence of lifestyle diseases (such as cancer and CVD), increasing geriatric population, growing demand for refurbished medical products by small and medium sized hospitals and upgrading healthcare facilities.
Segmentation: By Product Type: Operating Room Devices & Surgical Devices Patient Monitors Defibrillators Neurology Devices Medical Imaging Devices Cardiovascular & Cardiology Devices IV Therapy Systems Endoscopy Devices Intensive Care Systems Neonatal Intensive-Care Devices Other Medical Devices By Geography: North America Europe Asia-Pacific Latin America Middle-East and Africa
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.
The Refurbished medical devices market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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 An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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