Published March 29, 2018
A refurbishment is considered to be a growing phenomenon with respect to the healthcare industry. Currently refurbished devices range from machines such as neonatal monitors to devices used in surgery like forceps and others.
Asia Pacific Refurbished Medical Devices Market Segments Size & Growth:
Asia Pacific Refurbished Medical Devices Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% during the forecast timeline 2018-2024. As refurbished medical devices market is providing high growth potential for companies in developing stage, which is indeed considered as responsible for a rapid increase in the demand for refurbished medical devices in the world market. And also increase the demand for refurbished medical devices in private healthcare sector is also a prime reason for the growth of the market. Apart from this, a large inventory of old and used medical devices, eco-friendly refurbishment process is considered as key attributes for the growth of this market. However, lack of awareness regarding benefits of refurbished medical devices, consistent regulations on import and usage of refurbished medical equipment in various counties and others are considered as major challenges for the growth of the market.
Asia-Pacific Refurbished Medical Devices Market Segments Share:
Depending upon the product, this market can be segmented as medical imaging equipment, operating room & surgical equipment, patient monitors, cardiovascular & cardiology equipment, defibrillators, neurology equipment, neonatal intensive care equipment, intensive care systems, endoscopy equipment’s, intravenous (IV) therapy systems and others. Among various products available, medical imaging equipment is considered to have the highest market share in the world market of refurbished medical devices market. Since most healthcare facilities present in developing nations are lack of new equipment’s owing to high cost of maintenance and installation. As a result, demand for this market is rapidly increasing in various regions across the world. It is expected that in the near future, cardiovascular & cardiology equipment market segment is anticipated to grow with an accelerating CAGR for the next coming five years owing to the increase in the number of heart-related diseases and other, which is the prime factor contributing to an increase in the adoption of this equipment across the world. There are various end-users associated with the market for refurbished medical devices. Few of these include hospitals and clinics, research labs and others. Every end-user has got its own significance and usage with respect to the market. Refurbished Medical Devices Market in the Asia Pacific is considered to grow with a rising CAGR throughout the forecast period. The rise in population and others act to be the prime factors for the growth of the market in the Asia Pacific.
Asia Pacific Refurbished Medical Devices Market Trends:
Asia Pacific Refurbished Medical Devices Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.
The major key players in the Asia Pacific Refurbished Medical Devices Market are:
Along with these companies, there were many other companies considered/cited in the report while analyzing the Asia Pacific Refurbished Medical Devices Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1.1 large inventory of old and used medical devices.
4.1.2 Eco-friendly refurbishment process
4.1.3 Increasing demand for refurbished medical devices in private
4.2.1 Reluctance to purchase refurbished medical devices among end users.
4.2.2 Lack of awareness regarding benefits of refurbished medical devices.
4.3.1 Increase in the number of private hospitals and diagnostics centers
4.3.2 Evolution of emerging market
4.4.1 Consistent regulations on import and usage of refurbished medical
equipment in various counties.
4.4.2 Increase in an influx of low-cost new medical devices
Chapter 5 Asia Pacific Refurbished Medical Devices Market – By Product
5.1 Medical Imaging Equipment
5.2 Operating Room & Surgical Equipment
5.3 Patient Monitors
5.4 Cardiovascular & Cardiology Equipment
5.6 Neurology Equipment
5.7 Neonatal Intensive-Care Equipment
5.8 Intensive Care Systems
5.9 Endoscopy Equipment
5.10 Intravenous (IV) Therapy Systems
Chapter 6 Asia Pacific Refurbished Medical Devices Market – By End-Users
6.2 Diagnostics Center
Chapter 7 Asia Pacific Refurbished Medical Devices Market – By Geography
7.2.4 Australia & New Zealand
7.2.5 South Korea
Chapter 8 Asia Pacific Refurbished Medical Devices Market – Company Profiles
8.1 Ge Healthcare
8.2 Philips Healthcare
8.3 Siemens Healthineers
8.4 Block Imaging International, Inc.
8.5 Soma Technology, Inc.
8.6 DRE Medical, Inc.
8.7 Everx Pvt Ltd.
8.8 Integrity Medical Systems, Inc.
8.9 Radiology Oncology Systems, Inc.
8.10 Stryker Corporation
8.11 Johnson & Johnson
8.12 First Source Inc.
8.13 Medilab Asia Pacific Corp
Chapter 9 Asia Pacific Refurbished Medical Devices Market – Competitive Landscape
9.1. Market Share Analysis
9.2. Strategies Adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 10 Market Insights
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures