Refurbished medical devices are means equipment’s which are restored to its original working condition by manufacturers or other experts. These devices are tested and checked by the quality control department. Refurbished Medical Devices are designed to have long use periods. These devices are attractive option for most of the hospitals and diagnostic centers.
Increase in prevalence of cardiovascular diseases and cancer is the key driving factor which is expected to boost the global refurbished medical devices market growth. Furthermore, rise in initiatives taken by the leading medical device manufacturers to establish refurbished facilities in developed and developing countries will positively contribute the market growth. Moreover, increase in demand for capital intensive diagnostic imaging equipment which is expected to propel the market growth during this forecast period. Also, emergence of e-commerce portals as attractive platforms for refurbished medical devices will drive the market growth.
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However, lack of awareness about the benefits of these devices is the major restraining factor which is expected to hamper the global refurbished medical devices market growth. Also, lack of standardization policies related to the sale and use of refurbished medical devices will hinder the market growth during this analysis period.
Global Refurbished Medical Devices Market is segmented into product such as Medical Imaging Equipment (X-Ray Machines, Ultrasound systems, CT Scanners, and Others), Operating Room & Surgical Equipment (Anesthesia Machines, CO2 & Agent Monitors, Microscopes, & Others), and Patient Monitors (Multi-parameter Monitors, Electrocardiography Devices, Pulse Oximeter, and Others).
Also, Global Refurbished Medical Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as GENERAL ELECTRIC COMPANY, DRE Medical., Block Imaging, Integrity Medical systems Inc, Siemens Healthcare systems,, Radio Oncology Systems,, Everx Pvt Ltd.,and Johnson & Johnson Services, Inc
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