(PharmaNewsWire.Com, February 28, 2017 ) According to the report Middle East and Africa 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 - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021)", published by Market Data Forecast, the global market is projected to reach USD 1.09 Billion by 2021, at a CAGR of 12.25% from 2016 to 2021.
The refurbishment procedure is anticipated to repair the device to its original condition i.e. like new. The equipment will experiencesanitisation, mending, replacement of damaged parts, full cosmetic restoration, calibration, and other procedures necessary to return the system with all the specifications.
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.
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 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: 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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