- The key vendors in the Global Refurbished Medical Equipment Market 2015-2019 are GE Healthcare, Philips Healthcare, Siemens Healthcare and Toshiba Medical System.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Refurbished Medical Equipment Market 2015-2019. The adoption of eco-friendly refurbished medical equipment is one of the major trends upcoming in this market. Refurbishment of medical equipment reduces e-waste, prevents landfill, and minimizes the burden of disposal and pollution. Many vendors are practicing remanufacturing and commercialization of refurbished equipment as an economical and eco-friendly option. The Global Refurbished Medical Equipment market is expected to grow at a CAGR of 7.00 percent during the forecast period of 2014-2019.
The market is predominantly driven by capital-intensive equipment such as biotechnology instruments and medical imaging devices. Refurbished products such as multi-parameter monitors, pulse oximeters, laboratory analyzers, and minimally invasive devices are in high demand.
“Companies are increasingly collaborating with each other to attain economies of scale in the manufacturing of products,” says Faisal Ghaus, Vice President of TechNavio Research.
“Original equipment manufacturers prefer the refurbishing of medical equipment to developing and commercializing new medical devices. Currently, large and leading OEMs have increased their hold on the market.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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