Albany, NY -- (SBWIRE) -- 12/08/2016 -- About Refurbishment

Refurbishment involves restoring equipment to its original condition without altering any of the product's specifications. The process ensures maintenance of the safety and efficacy of the medical equipment without altering its performance. Therefore, refurbishment varies from the replacement of worn parts to cosmetic changes to complete the end-to-end manufacturing process. Usually, the replacement cycle depends on the agreement between vendor and end-user. For most refurbished medical devices, the replacement is done after 3-5 years and depends on the working condition of the device.

Technavios analysts forecast the global refurbished medical devices market to grow at a CAGR of 7.39% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global refurbished medical devices market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of global refurbished medical devices.

The market is divided into the following segments based on geography:

Americas
APAC
EMEA

Technavio's report, Global Refurbished Medical Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
GE Healthcare
Philips Healthcare
Siemens Healthcare
Toshiba Medical Systems

Other prominent vendors
Agito Medical
Block Imaging International
DRE Medical
Everx
Integrity Medical Systems
Radiology Oncology Systems
Soma Technology
Stryker

Market driver
Increased sales through online marketing
For a full, detailed list, view our report

Market challenge
Concerns regarding quality, safety, and efficacy
For a full, detailed list, view our report

Market trend
OEMs with strategic partnerships to propel refurbished devices market
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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