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Concise Analysis of the International Pre-Owned Medical Devices Market - Forecast to 2019

DUBLIN, Feb. 26, 2014
/PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/7dcrnk/preowned_medical) has announced the addition of the "Concise Analysis of the International Pre-Owned Medical Devices Market - Forecast to 2019" report to their offering.

(Logo: http://photos.prnewswire.com/prnh/20130307/600769)

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.

It is widely-accepted and validated by organizations such as the COCIR, JIRA, MITA and International Association of Medical Equipment Remarketers and Servicers (IAMERS) that the process of refurbishment prolongs the effective life of a medical device. Typically, for all high-value, fixed/stationary medical devices, it has been observed that during the prescribed lifetime, many critical components undergo rapid wear-and-tear; the embedded software/technology turns obsolete. Over and above such hardware and software technological obsolescence, acquiring the components is rendered difficult due to many factors such as closure of production of components by suppliers, installation of such medical devices in difficult-to-reach geographical areas with no distribution coverage and other factors. Hence, mid-life intervention via refurbishment is thus of significance for effective and optimum usage of the medical devices.

The pre-owned medical devices market can thus be segmented into types of pre-owned medical devices that are refurbished, namely - X-ray and Mammography Machines, CT Machines, MRI Machines, UltraSound Machines, Nuclear Imaging and Medicine Devices and C-arm Devices. Globally, the pre-owned X-ray and Mammography machines market, from 2013, is estimated to grow at a CAGR of over 6% till 2019. The new X-ray and Mammography machines are comparatively less expensive than other new medical devices such as CT/MRI/PET/SPECT machines; hence the customer entities typically tend to purchase new X-ray and Mammography machines than such refurbished pre-owned machines. Thus currently, in terms of value, although the refurbished pre-owned X-ray and Mammography machines market accounts for the largest market, its growth rate is expected to be minimal as compared to that of other refurbished pre-owned medical devices market segments.

Currently, in terms of geography, the North American and the Asia-Pacific region account for the largest markets for refurbished pre-owned medical devices and are also expected to display high growth rate during the forecast period.

Key Topics Covered:

1 Preface

2 Executive Summary

3 Introduction: Pre-Owned Medical Devices Market

4 Global Pre-Owned Medical Devices Market Overview

5 Global Pre-Owned Medical Devices Market, by Device Type, 2011 - 2019 (USD Million)

6 Pre-Owned Medical Devices Market, by Geography, 2011 - 2019 (USD Million)

7 Recommendations

8 Company Profiles

Companies Mentioned:

  • Agito Medical
  • GE Healthcare Ltd
  • Philips Healthcare
  • Siemens Healthcare
  • Soma Technology, Inc
  • Toshiba Medical Systems Corporation

For more information visit http://www.researchandmarkets.com/research/7dcrnk/preowned_medical

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

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