Envision Report

Published March 29, 2018

Asia Pacific Refurbished Medical Devices Market – Share, Outlook, Trends, Size and Forecasts (2018 – 2024)

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A refurbishment is considered to be a growing phenomenon concerning the healthcare industry. Currently refurbished devices range from machines such as neonatal monitors to devices used in surgery like forceps and others.

The 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 significance and usage concerning 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:

  • iCT-DS which is a product from Philips Healthcare with premium image quality and future proof platform which opens a pathway of advanced cardiovascular capabilities.

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 analysed 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 organisation to have a better foothold in the market.

The major key players in the Asia Pacific Refurbished Medical Devices Market are:

  • Ge Healthcare
  • Philips Healthcare
  • Siemens Healthineers
  • Block Imaging International, Inc.
  • Soma Technology, Inc.
  • DRE Medical, Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing 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

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1. Drivers

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

healthcare sector.

4.2 Restraints

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 Opportunities

4.3.1 Increase in the number of private hospitals and diagnostics centers

4.3.2 Evolution of emerging market

4.4 Challenges

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

5.5 Defibrillators

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

5.11 Others

Chapter 6 Asia Pacific Refurbished Medical Devices Market – By End-Users

6.1 Hospitals

6.2 Diagnostics Center

6.3 Others

Chapter 7 Asia Pacific Refurbished Medical Devices Market – By Geography

7.1 Introduction

7.2 APAC

7.2.1 China

7.2.2 Japan

7.2.3 India

7.2.4 Australia & New Zealand

7.2.5 South Korea

7.2.6 Others

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

 

 

 

 

 

 

 

 

 

 

 

 

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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