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Refurbished medical device market analysis and forecast to 2024 examined in new market research report

Medical Market Research

Global Refurbished Medical Device Market By Product Type{Diagnostic Equipment (Ultrasound Systems, X-Ray Machines, CT Machines, MRI Machines, Patient Monitoring Devices, Nuclear Medicine Devices, Mammography Equipment, Telemetry Systems, Cath Labs), Therapeutic Equipment (Minimally Invasive Devices, Heart Lung Machines, Radiation Oncology Systems, Infusion Pumps, Non-Invasive Devices)} By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

The Global Refurbished Medical Device Market accounted to USD 6.55billion in 2016 growing at a CAGR of 12.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Refurbished Medical Device Market

Refurbished medical devices are products that have been tested and verified to function properly and are free of defects.

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Major Market Drivers and Restraints:

Rising prevalence of cancer and cardiovascular diseases

Increasing privatization in the healthcare sector

Growing demand for low cost medical devices

Growing rate of private healthcare institutions

Market Segmentation: Global Refurbished Medical Device Market

On the basis of product type the refurbished medical device market is segmented into Diagnostic equipment and therapeutic equipment.

The Diagnostic segment is further segmented into Ultrasound Systems, X-Ray Machines, CT Machines, MRI Machines, Patient Monitoring Devices, Nuclear Medicine Devices, Mammography Equipment, Telemetry Systems, Cath Labs.

The Therapeutic segment is further segmented into Minimally Invasive Devices, Heart Lung Machines, Radiation Oncology Systems, Infusion Pumps, and Non-Invasive Devices.

On the basis of geography, refurbished medical device market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Refurbished Medical Device Market

Refurbished medical device market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors: Global Refurbished Medical Device Market

Some of the major players operating in anatomic pathology market are GE Healthcare (U.K.), Philips Healthcare (Netherlands), and Siemens Healthineers (Germany), Agito Medical A/S (Denmark), Block Imaging International, Inc. (U.S.), DRE Medical, Inc. (U.S.), Radiology Oncology Systems, Inc., (U.S.) Soma Technology, Inc. (U.S.), EverxPvt Ltd. (Australia), Integrity Medical Systems, Inc. (U.S.), and Toshiba among others.

Research Methodology: Global Refurbished Medical Device Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your inquiry.

Demand Side Primary Contributors: Doctors, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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