Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Last Hour:
Last 24 Hours:

Refurbished Medical Devices Market 2016 Global Analysis and Forecast to 2020

Friday, September 30, 2016 0:18
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The report, Global Refurbished Medical Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Complete report available @

The following companies are the key players in the global refurbished medical devices market: GE Healthcare, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems, Agito Medical, Block Imaging International, DRE Medical, Everx, Integrity Medical Systems, Radiology Oncology Systems, Soma Technology, and Stryker.

Commenting on the report, an analyst said: “One of the key trends for market growth will be increase in M&A. Many companies are highly focused on M&A to increase their customer base, product portfolio, and services and solutions by scaling manufacturing of products. For instance, Philips acquired Volcano in 2015. The increase in value generated, cost efficiency, and market share are the prominent results of M&A. The expansion of product of the parent company and entry of a company into the new geographical area would be easy either by merger or acquisition of a local manufacturer. The customer base will increase as the product portfolio widens with M&A. In order to maintain strong bonding with customers, manufacturers have to focus on offering customer-oriented services and solutions.”

Purchase a Copy of the Report @ (Single User License – US $2500)

According to the report, one of the key drivers for market growth will be rise in privatization in healthcare sector. Privatization is usually profit driven, and the management has autonomous control over the quality and pricing of the procedures performed. Along with privatization, the demand for high standards of treatment has increased leading to the procurement of advanced devices for patient treatment was observed. Many healthcare institutions like hospitals and diagnostic centers have purchased high-cost equipment at a relatively lower price in the form of refurbished devices. Most of them included diagnostic equipment, few to quote such as X-ray, CT, and MRI machines. The refurbished devices enabled these healthcare institutions to equip fully with various costly devices. The equipping of devices by those institutions move ahead of their competitors by providing a wide range of services to patients at low cost.

Inquire for Discount on the Report @

The analysts forecast global refurbished medical devices market to grow at a CAGR of 7.39% during the period 2016-2020. Refurbishment involves restoring equipment to its original condition without altering any of the product’s specifications. The process ensures maintenance of the safety and efficacy of the medical equipment without altering its performance. Therefore, refurbishment varies from the replacement of worn parts to cosmetic changes to complete the end-to-end manufacturing process. Usually, the replacement cycle depends on the agreement between vendor and end-user. For most refurbished medical devices, the replacement is done after 3-5 years and depends on the working condition of the device.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.