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Global refurbished medical equipment market: 8% CAGR between 2012-2016
Global Refurbished Medical Equipment Market 2012-2016 - a new market research report on 2014-03-05 09:22:02
The Global Refurbished Medical Equipment market is to grow at a CAGR of 7.51 percent over the period 2012-2016. One of the key factors contributing to this market growth is reduced reimbursements for medical procedures. The Global Refurbished Medical Equipment market has also been witnessing the increased adoption of eco-friendly practices. However, concerns regarding quality and durability could pose a challenge to the growth of this market.

The increased adoption of eco-friendly practices is one of the emerging trends in the Global Refurbished Medical Equipment market. Refurbishment of medical equipment reduces e-waste and is therefore eco-friendly. Besides facilitating cost savings, refurbished medical equipment prevents waste dumping in landfills. In fact, refurbishment programs have helped hospitals divert tons of waste from local landfills. Therefore, many vendors in this market are nowadays promoting refurbished devices as eco-friendly and economical alternatives to new medical equipment. For instance, Siemens Healthcare has an eco-line portfolio that includes a wide range of refurbished medical systems. Similarly, Practice Greenhealth helps healthcare organizations implement eco-friendly and sustainable practices.

The availability of technologically advanced equipment at low cost is one of the major drivers in the Global Refurbished Medical Equipment market. The design and development of medical equipment requires high investment in Rand D. Moreover, the installation and maintenance of medical equipment such as MRIs involves high costs as well, which makes medical procedures involving these devices expensive. Hence, healthcare organizations prefer investing in low-cost refurbished medical equipment rather than delaying the purchase of high-cost medical equipment.

The key vendors dominating this space are GE Healthcare, Johnson & Johnson Corp., Philips Healthcare, Siemens Healthcare, Stryker Corp., and Toshiba Medical Systems Corp. The other vendors mentioned in the report are Agito Medical A/S, Biodirect Inc., DMS Health Technologies, Devon Medical Equipment, Everx Pty Ltd., Radmedical, Soma Technology Inc., Unisyn Medical Technologies Inc., Ultra Solutions, Radiology Oncology Systems Inc., Oxford Instruments plc, and Ziehm Imaging GmbH.

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