Refurbished Medical Equipment Market Growth (12.5% CAGR) Forecast Globally To 2019 in New Research Report
DALLAS, February 5, 2015 /PRNewswire/ --
The global refurbished medical equipment market is expected to reach $9.37 billion by 2019, at a CAGR of 12.5% from 2014 to 2019 says a new research on the worldwide refurbished medical equipment industry available at ReportsnReports.com.
The global refurbished medical equipment market has been classified into many segments and sub segments on the basis of products, namely, operating room and surgical equipment (anesthesia machines and ventilators, CO2 and agent monitors, microscopes, electrosurgical units, and others), patient monitors (pulse oximeters, ECG devices, multi-parameter monitors, and noninvasive blood pressure monitors), defibrillators (AED defibrillators and other defibrillators), medical imaging equipment (X-rays machines, ultrasounds systems, MRI machines, CT scanners, nuclear medicine systems, and others), cardiovascular and cardiology equipment (heart-lung machines, coagulation analyzers, and others), IV therapy systems, neurology equipment (EEG machines and EMG machines), endoscopy equipment, intensive care units (hardwire systems and telemetry systems), neonatal intensive care units (infant incubators and warmers, and monitors), and other medical equipment (blanket warmers, autoclaves, suction pumps, sequential compressor devices (SCDs), stretchers, cath labs, stress test systems, heaters/coolers, dry imagers, and beds).
North America held the largest share of the refurbished medical equipment market in 2014. However, the Asia-Pacific region is poised to grow at the highest CAGR of 13.7% in the next five years. Factors such as increasing privatization of the healthcare sector, a growing number of hospitals and surgical centers, and the rising focus of international and domestic players in the Asia-Pacific refurbished medical equipment market are propelling its growth.
The key players in Refurbished Medical Equipment Market includes Agito Medical A/S, Block Imaging International Inc, DRE Inc, Everx Pvt Ltd, GE Healthcare (A Division of General Electric Company), Integrity Medical Systems Inc, Philips Healthcare, Radiology Oncology Systems Inc, Siemens Healthcare and Soma Technology Inc. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=189843 .
The global refurbished medical equipment market comprises a few OEMs and large number of third-party firms or suppliers. As of 2014, the global refurbished medical equipment market was dominated byGE Healthcare (U.K.), Philips Healthcare (Netherlands), and Siemens Healthcare (Germany), which together accounted for ~41% of the market.
Geographically, North America (comprising the U.S. and Canada) commands the largest share of48.0% of the global refurbished medical equipment market in 2014, followed by Europe. The refurbished medical equipment market in North America is primarily driven by the growing aging population, high incidence/prevalence of various diseases (such as cancer and CVD), favorable regulatory scenario for sale and use of refurbished medical systems, and declining insurance reimbursements for imaging procedures.
The growth of the global refurbished medical equipment market is mainly driven by the increasing incidence/prevalence of lifestyle diseases (such as CVD and cancer), rapidly aging population, growing demand for refurbished medical products by small- and medium-sized hospitals, modernization of healthcare facilities in the emerging countries of the Asia-Pacific and RoW (Rest of the World) regions, and geographic expansions of market players across the globe. However, negative outlook of end users toward the quality of refurbished medical products is a major factor restraining the growth of this market. A growing number of private hospitals and diagnostic centers and increasing demand for refurbished equipment in emerging markets are creating opportunities for growth of the refurbished medical equipment market.
The medical imaging equipment segment is estimated to account for the largest share of the global refurbished medical equipment market in 2014, followed by the operating room and surgical equipment segment. Factors such as increasing number of diagnostic imaging procedures, high incidence/prevalence of target diseases (such as cancer and CVD), and rising adoption of refurbished medical imaging devices by low budget hospitals/clinicsare stimulating the growth of the medical imaging equipment market. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/Discount.aspx?name=189843 .
Browse Related Reports:
"Defibrillators Market by Product (Implantable Cardioverter Defibrillator (Single & Dual Chamber, CRT-D, & S-ICD) and External (Monitor/Defibrillator, AED, & Wearable)), by End User (Hospital, Pre-hospital, Public Access, & Home) - Global Forecast to 2019" research report is now available with ReportsnReports.com. Companies like Medtronic Inc, ST. Jude Medical Inc, Boston Scientific Corporation, Biotronik Se & Co.KG, Sorin Group, Philips Healthcare (A Division of Koninklijke Philips N.V.), Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation), Cardiac Science Corporation (A Subsidiary of Opto Circuits India Limited), Physio-Control, Inc, Nihon Kohden Corporation and Heartsine Technologies Inc. are discussed in this research available at http://www.reportsnreports.com/reports/344031-defibrillators-market-by-product-implantable-cardioverter-defibrillator-single-dual-chamber-crt-d-s-icd-and-external-monitor-defibrillator-aed-wearable-by-end-user-hospital-pre-hospital-public-access-home-global-forecast-to-2019.html .
"Pre-Clinical Imaging (In-VIVO) Market by Systems and Reagents (Optical Imaging, Micro-PET, Micro-SPECT, Micro-MRI, Micro-ultrasound, Computed Tomography, Photo Acoustic Imaging, Magnetic Particle Imaging, Multimodality Imaging) - Global Forecasts to 2019" research report is now available with ReportsnReports.com. Companies like Perkinelmer, Inc, Bruker Corporation, Fujifilm Visualsonics, Inc, Mediso Ltd, Trifoil Imaging, Mr Solutions Ltd, Aspect Imaging, Biospace Lab S.A, Li-Cor Biosciences and Milabs B.V discussed in this research available at http://www.reportsnreports.com/reports/208975-pre-clinical-imaging-in-vivo-market-by-systems-and-reagents-micro-pet-optical-imaging-micro-mri-micro-spect-micro-ultrasound-micro-ct-multimodality-hybrid-imaging-modalities-competitive-analysis-global-forecasts-to-2017.html .
Explore more Medical Devices Market Research Reports at http://www.reportsnreports.com/market-research/medical-devices/ .
About Us:
ReportsnReports.com is an online market research reports library of 500,000+ reports and in-depth studies of 5000+ micro markets. We provide reports by 100+ publishers on a range of categories and industries.
Contact:
Priyank Tiwari
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
Connect with Us:
G+ / Google Plus: https://plus.google.com/u/0/111656568937629536321/posts
Twitter: http://twitter.com/marketsreports
Facebook: https://www.facebook.com/pages/ReportsnReports/191441427571689
RSS / Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml
SOURCE ReportsnReports
Share this article