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. Either the replacement of parts of a device or the whole device is done depending on the condition of devices with respect to the standards prescribed by manufacturers. Old and failed parts are substituted with new or advanced parts, or software is updated such as in X-ray tubes and image intensifiers. After replacement, devices are tested to ensure that they have original specifications.

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by product

Global refurbished diagnostic imaging equipment

market

Global refurbished minimally invasive devices market

Global refurbished biotechnology instruments market

Global refurbished radiation oncology systems market

PART 07: Market segmentation by end-user

Hospitals

Diagnostic centers and private practices

PART 08: Geographical segmentation

Refurbished medical devices market in Americas

Refurbished medical devices market in EMEA

Refurbished medical devices market in APAC

PART 09: Market drivers

Increased adoption of low-cost refurbished medical

devices due to financial constraints

Rise in privatization in healthcare sector

Increased sales through online marketing

Decreasing reimbursements for medical procedures

High demand from developing countries

PART 10: Impact of drivers

PART 11: Market challenges

Negative outlook toward purchase of refurbished medical

equipment

Concerns regarding quality, safety, and efficacy

Stringent purchasing policies

Availability of remanufactured devices

PART 12: Impact of drivers and challenges

PART 13: Market trends

Increase in adoption of eco-friendly practices

OEMs with strategic partnerships to propel refurbished

devices market

Increase in M&A

PART 14: Vendor landscape

Competitive scenario

PART 15: Key vendor analysis

Key vendor analysis by geography

GE Healthcare

Philips Healthcare

Siemens Healthcare

Toshiba Medical Systems

Other prominent vendors

PART 16: Appendix

List of abbreviations

PART 17: Explore Technavio