Asia-Pacific Refurbished Medical Devices Market was worth $1.72 billion in 2018 and estimated to be growing at a CAGR of 13.17%, to reach $3.2 billion by 2023 Factors such as growing privatization of the healthcare sector, increasing number of surgical centers and hospitals, and the escalating focus of international and domestic players in the Asia-Pacific refurbished medical devices market are boosting its growth.
Rise in demand is observed for the refurbished medical devices market, along with the novel devices market. Refurbishment of devices is a structured technique or a procedure to inspect the safety & efficiency of the used device and confirms that all the safety factors are met before the use of the device, without altering its proposed use as per the original listing. The life of medical devices also plays a vibrant role for stipulation of refurbished device.
Development of the private healthcare sector has augmented the interest of high-quality imaging modalities, as private hospitals emphasis strongly on returns on investment. Refurbished medical imaging devices offer these hospitals with a chance to stay ahead of contenders by directing more advanced procedures at a lesser cost. Government regulations that have constrained the purchase of used devices in some regions are expected to hinder the market growth.
The Asia-Pacific refurbished medical devices market is segmented on the basis of product type into neonatal intensive-care equipment, cardiovascular & cardiology equipment, endoscopy equipment, defibrillators, neurology equipment, medical imaging equipment, IV therapy systems, patient monitors, intensive care systems, operating room equipment & surgical equipment and other medical equipment. The patient monitor device segment holds the major share in the market due to the less cost of product, growing awareness for chronic diseases and technological developments such as innovations of portable patient monitoring devices.
Based on geography the market is analysed under various regions namely, China, India, Japan, South Korea and Australia. China is dominating the refurbished medical devices market in this region and expected to continue its dominance over the forecast period.
The key players in the refurbished medical devices market are Siemens Healthcare systems, First Source Inc., DMS Topline, Radio Oncology Systems Inc., Johnson & Johnson, GE Healthcare, DRE Inc., Block Imaging International Inc., Integrity Medical systems Inc., Everx Pvt Ltd., Philips Healthcare, Agito medical A/S and Soma Technology.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product Type
5.1.1 Operating Room Devices & Surgical Devices
5.1.2 Patient Monitors
5.1.3 Defibrillators
5.1.4 Neurology Devices
5.1.5 Medical Imaging Devices
5.1.6 Cardiovascular & Cardiology Devices
5.1.7 IV Therapy Systems
5.1.8 Endoscopy Devices
5.1.9 Intensive Care Systems
5.1.10 Neonatal Intensive-Care Devices
5.1.11 Other Medical Devices
6. Geographical Analysis
6.3 Asia-Pacific
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Siemens Healthcare systems
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 First Source Inc.
8.3 DMS Topline
8.4 Radio Oncology Systems Inc.
8.5 Johnson & Johnson
8.6 GE Healthcare
8.7 DRE Inc.
8.8 Block Imaging International Inc.
8.9 Integrity Medical systems Inc.
8.10 Everx Pvt Ltd.
8.11 Philips Healthcare
8.12 Soma Technology
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
