New Medical Devices market report from Markets and Markets: "Refurbished Medical Equipments Market (2012-2017) - Global Trends & Competitive Analysis"

Boston, MA -- (SBWire) -- 10/27/2012 --“Refurbished Medical Equipments Market - By Device Types & Applications (2012-2017) (Imaging-Diagnostic-Monitoring Systems, Radiation Oncology Systems, Minimally Invasive Devices, Biotechnology Instruments, Operating Room Equipments) Global Trends & Competitive Analysis”

Refurbishment restores used equipment or systems through repairing, reworking, updating and replacing of worn parts with original parts to ensure a condition of safety and effectiveness comparable to when new. All process should be consistent with product specifications and service procedures defined by the original manufacturer for that equipment or system. These processes do not alter equipment’s or system’s performance, safety specifications and/or changes intended to use as in its original registration. This device market encompasses for imaging-monitoring-diagnostic devices, radiation oncology systems, minimally invasive surgical devices, biotechnology instruments and others.

View Full Report Details and Table of Contents

The global refurbished medical equipments market is poised to reach $8.45 billion by 2017, at a CAGR of 7.8%. Biotechnology instruments and imaging-monitoring-diagnostic devices contribute to the maximum share (78%) to the global refurbished devices market, followed by minimally invasive surgical devices (16%) and radiation oncology systems (2%) in 2011.

The major driving factor for these markets involves the affordable price range of refurbished devices that aid small and medium healthcare institutions to provide advanced treatment at lower rates. Developing countries in Latin America, Asia, and Middle East etc. are driving this market as they are becoming wealthier to welcome new medical equipments for serving advanced treatments, but not that much to afford purchasing brand new highly expensive medical equipments.

The imaging-monitoring-diagnostic devices segment in refurbished market represents the highest growing segment. Refurbished imaging-monitoring-diagnostic devices market contributes to 17% of the global market.

North America, specifically the U.S., is contributing the maximum share to the refurbished medical device market. The U.S. market is primarily driven by huge amount of private practitioners. Developing countries such as Latin America, specifically Chile, Ecuador, Caribbean, Bolivia, Mexico, and Peru, are contributing largely to this growing market. The next market opportunities lie in the Asian market. India is the biggest market in the Asian regime due to its high population base and low affordability to purchase highly expensive brand new medical devices. The Asian market is deemed to be the most lucrative market place for these refurbished products in the near future.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Medical Devices research reports at Fast Market Research

You may also be interested in these related reports:

- Global Endoscopy Market by Product, Application & Technology (2011 - 2016) Competitive Landscape, Value/Volume Analysis & Global Trends
- Ablation Technologies Market (2011 - 2016) - Global Trends & Competitive Analysis
- Minimally Invasive Medical Robotics, Imaging & Visualization Systems & Surgical Instruments Market (2011 - 2016) - Global Trends & Competitive Analysis
- Medical Equipment Quarterly Deals Analysis - M&A and Investment Trends - Q1 2012
- Medical Equipment Quarterly Deals Analysis: M&A and Investment Trends - Q2 2012
- Ultrasound Systems - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017
- Medical Equipment Monthly Deals Analysis - M&A and Investment Trends, January 2012
- Medical Equipment Monthly Deals Analysis - M&A and Investment Trends - March 2012
- Medical Equipment Monthly Deals Analysis - M&A and Investment Trends, February 2012
- Medical Equipment Monthly Deals Analysis: M&A and Investment Trends - February 2011