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.
Growing 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 diagnostic centers.
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 International.
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.
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