Global Pre-Owned Medical Devices Market to be worth US$4.9 Million by 2019 Health Articles | June 9 Aaron Donald Hat , 2016
Pre-owned medical devices are originally owned by healthcare institutions and are later subjected to sale after necessary restoration.
Pre-Owned medical devices are defined as the devices that were owned earlier by any healthcare institution and that are now subject to sale or repurchase after refurbishment. ‘Refurbishment’ is defined as restoration of the device to its original specifications including replacement of basic wear parts and aesthetic changes to a complete end-to-end refurbishment.
Many organizations such as the European Coordination Committee of the Radiological, Electromedical and Healthcare IT Industry (COCIR), Japan Industries Association of Radiological Systems (JIRA) and Medical Imaging and Technology Alliance (MITA) endorse this definition of pre-owned medical devices.
Challenging macro-economic conditions and the impending end of the lifecycles of installed medical devices have fuelled the growth of the global pre-owned medical devices market. Increased screening initiatives, favorable after-sales service, and environmental considerations have further boosted overall market growth prospects during the forecast period between 2013 and 2019.
However Todd Gurley II Hat , various regulatory restraints coupled with the negative perception about the 聽quality of refurbished pre-owned medical devices will have a negative effect on the global pre-owned medical devices market. In fact, in Europe, many countries have banned the usage of pre-owned medical devices. Original equipment manufacturers (OEMs) operating in the refurbishment market will also hamper the growth of the market. The refurbishment of CT machines, C-arm devices, and nuclear imaging and medicine devices will emerge as the key growth opportunity for OEMs. Also Greg Gaines Hat , North America and Asia Pacific will evolve as the core markets for OEMs during the forecast period from 2013 to 2019.聽
On the basis of the type of pre-owned medical devices available in the market, the overall market has been segmented into pre-owned CT machines, pre-owned MRI machines, pre-owned ultrasound machines, pre-owned nuclear imaging and medicine devices Bobby Evans Hat , pre-owned C-arm devices, and pre-owned X-ray and mammography machines. The rising prevalence of breast cancer across the globe has fuelled the demand for X-ray and mammography machines for detection and diagnosis. 聽Pre-owned X-ray and mammography machines have emerged as the leading segment of the market and are expected to grow at a CAGR of 6% during the forecast horizon.
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The global pre-owned medical devices market is divided into four key regions: Europe, North America, Asia Pacific, and Rest of the World. Asia Pacific and North America lead the global market and these two regions are expected to grow rapidly during the forecast period from 2013 to 2019. In Europe and Rest of the World David Long Hat , many nations have discouraged the usage of pre-owned medical devices, which has led to the slow growth of the market in these regions. In the Rest of the World region, the pre-owned medical devices market is highly fragmented. During the forecast period, RoW will not contribute substantially to overall market growth.聽
The major players in the global pre-owned medical devices market are Philips Healthcare, GE Healthcare Ltd. Darrell Henderson Hat , Agito Medical, Siemens Healthcare, Soma Technology Inc., and Toshiba Medical Systems Corporation. As there is a negative perception about pre-owned medical devices, key market players need to gain accreditation and enhance their after-sales service to contribute to the growth of the market during the forecast horizon.聽
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02.12.2019 10:27
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