A recent report published by Infinium Global Research on
refurbished medical devices market provides in-depth analysis of segments and
sub-segments in global as well as regional refurbished medical devices market.
The study also highlights the impact of drivers, restraints and macro
indicators on the global and regional refurbished medical devices market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global refurbished medical devices
market. According to the report the global refurbished medical devices market is
projected to grow at a CAGR of 12.50% over the forecast period of 2018-2024.
medical tourism owing to increasing geriatric population base is the rising
trend anticipating the growth of the refurbished market. Receiving greater
healthcare facilities in the host country than home country due to affordability,
better access to healthcare facilities and higher quality healthcare are the
key factors responsible for the growth of medical tourism which directly fuels
the growth of global refurbished medical devices market over the forecast
period. Growing incidence of chronic diseases such as cancer and cardiovascular
diseases as well as rising demand for low-cost medical devices and demand for
refurbished devices from private healthcare due to budget constraints is the
prime factor responsible for the growth of global refurbished medical devices.
Moreover, the rising adoption of refurbished medical devices by developing
countries and an affordable alternative to expensive devices are also the
factors responsible for the growth of the refurbished medical devices market.
The report on global refurbished medical devices market covers
segments such as product and end user. On the basis of product, the global
refurbished medical devices market is categorized into biotechnology
instruments, diagnostic imaging equipment, radiation oncology systems, and
minimally invasive devices. On the basis of end, user the global refurbished
medical devices market is categorized into private practices and hospitals and
The report provides regional analysis covering geographies such as
North America, Europe, Asia-Pacific, and Rest of the World. In this section, the
key trends and market size for each geography are provided over the period of 2016-2024.
The countries covered in the North America region include the U.S., Canada, and
Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia,
and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe
are included in the European region. The U.S. drives the growth in the North
America region as it is the largest market in the region. The Asia-Pacific the region offers a substantial potential for the market growth owing to rapid
growth in markets such as India and China. The APAC region is projected to
experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global
refurbished medical devices market such as Agito Medical, Philips Healthcare,
Siemens Healthcare, GE Healthcare, Integrity Medical Systems, Toshiba Medical
Systems, Radiology Oncology Systems, DRE, Everx and Block Imaging
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global refurbished
medical devices market. Moreover, IGR-Growth Matrix analysis given in the
report brings an insight into the investment areas that existing or new market
players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
refurbished medical devices market. Moreover, the study highlights current
market trends and provides forecast from 2018-2024. We also have highlighted
future trends in the refurbished medical devices market that will impact the
demand during the forecast period. Moreover, the competitive analysis given in
each regional market brings an insight into the market share of the leading
players. This report will help manufacturers, suppliers, and distributors of the
refurbished medical devices market to understand the present and future trends
in this market and formulate their strategies accordingly.