The global
refurnished medical equipment market is growing significantly due to increasing
privatization of healthcare sector and up surging number of hospital and
diagnostic centers. The massive unexplored market in the refurnished
medical equipment industry of the developing economies is creating abundant
growth opportunities, for the refurnished
medical equipment market.
The
increasing interest of original equipment manufacturer (OEM) in the refurnished
equipment industry, promotion of environment friendly refurnishing program, up
surging number of service offering and growing demand for electromechanical
refurbishment are some of the trends witnessed in the global refurnished
medical equipment market.
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On the
basis of product, the refurnished medical equipment market can be categorized
as operating
room and surgical equipment, patient monitors, medical imaging equipment,
cardiovascular and cardiology equipment, endoscopy equipment, medical imaging
equipment, IV therapy systems, neurology equipment, intensive care systems,
neonatal intensive care equipment and others. The operating room and surgical
equipment are further segmented as anesthesia machine, microscopes,
electrosurgical units and other operating and surgical equipment. The Patient
monitors are further segmented as pulse oximeters, multi-parameter monitors,
electrocardiography (ECG) devices and non-invasive blood pressure monitors.
Further, the medical
imaging equipment is segmented as ultrasound systems, magnetic resonance
imaging (MRI) machines, x-ray machine, computed tomography (CT) scanner,
nuclear imaging systems and other medical imaging equipment. Cardiovascular and
cardiology equipment are further segmented as coagulation analyzers, heart-lung
machine, and other cardiovascular and cardiology equipment. The neurology
equipment is further segmented as EEG machine and EMG machine. And the neonatal
intensive care equipment is further segmented as monitors, and infant
incubators and warmers.
Some of the factors driving the growth of the global refurnished
medical equipment market are increasing demand
for refurnished medical devices in the private healthcare sector, cost
containment pressure on healthcare organizations, substantial supply of old
medical devices for refurbishment, online market place stimulating sales and
environment friendliness of reimbursement. In addition, the growing geriatric
population, increasing prevalence of various chronic diseases, increasing
number of diagnostic imaging procedures and refining healthcare infrastructure
in developing countries are also expected to drive the growth of the global
refurnished medical equipment market. However, the lack of awareness, lack of
standardization, stringent regulations and reluctance to purchase refurnished
devices are some of the factors, restraining the growth of the global refurnished medical equipment market.
Geographically,
North America is likely to dominate the global refurnished medical equipment
market in the coming years, due to upsurge in geriatric population and
increasing prevalence of various chronic diseases. Moreover, favorable
regulatory scenario for use and sale of refurnished medical devices and
reducing medical insurance reimbursement for diagnostic imaging procedures are also
driving the growth of the North America refurnished medical equipment market. Asia-Pacific
is the fastest growing region in the global refurnished medical equipment
market, due to increasing privatization of healthcare sector, presence of huge
pool of patients, intensifying government support and up surging medical
tourism in the region. Moreover, the refurnished medical equipment market is
growing, due to increasing adoption of refurnished equipment and refining
healthcare infrastructure in the emerging countries, such as India and China.
Some of the companies operating in the global refurnished
medical equipment market are Koninklijke Philips N.V., Radiology Oncology Systems Inc.,
Siemens Healthcare, AGITO Medical A/S, DRE Medical Inc., Integrity Medical
Systems Inc., General Electric Company, Blocking Imaging International Inc. and
SOMA Technology Inc.
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