(Health-NewsWire.Net, February 11, 2016 ) The massive unexplored market in the refurnished medical equipment industry of the developing economies is creating abundant growth opportunities, for the refurnished medical equipment market. The increasing interest of original equipment manufacturer (OEM) in the refurnished equipment industry, promotion of environment friendly refurnishing program, up surging number of service offering and growing demand for electromechanical refurbishment are some of the trends witnessed in the global refurnished medical equipment market.
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On the basis of product, the refurnished medical equipment market can be categorized as operating room and surgical equipment, patient monitors, medical imaging equipment, cardiovascular and cardiology equipment, endoscopy equipment, medical imaging equipment, IV therapy systems, neurology equipment, intensive care systems, neonatal intensive care equipment and others. The operating room and surgical equipment are further segmented as anesthesia machine, microscopes, electrosurgical units and other operating and surgical equipment. The Patient monitors are further segmented as pulse oximeters, multi-parameter monitors, electrocardiography (ECG) devices and non-invasive blood pressure monitors.
Further, the medical imaging equipment is segmented as ultrasound systems, magnetic resonance imaging (MRI) machines, x-ray machine, computed tomography (CT) scanner, nuclear imaging systems and other medical imaging equipment. Cardiovascular and cardiology equipment are further segmented as coagulation analyzers, heart-lung machine, and other cardiovascular and cardiology equipment. The neurology equipment is further segmented as EEG machine and EMG machine. And the neonatal intensive care equipment is further segmented as monitors, and infant incubators and warmers.
Geographically, North America is likely to dominate the global refurnished medical equipment market in the coming years, due to upsurge in geriatric population and increasing prevalence of various chronic diseases. Moreover, favorable regulatory scenario for use and sale of refurnished medical devices and reducing medical insurance reimbursement for diagnostic imaging procedures are also driving the growth of the North America refurnished medical equipment market. Asia-Pacific is the fastest growing region in the global refurnished medical equipment market, due to increasing privatization of healthcare sector, presence of huge pool of patients, intensifying government support and up surging medical tourism in the region. Moreover, the refurnished medical equipment market is growing, due to increasing adoption of refurnished equipment and refining healthcare infrastructure in the emerging countries, such as India and China.
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Some of the companies operating in the global refurnished medical equipment market are Koninklijke Philips N.V., Radiology Oncology Systems Inc., Siemens Healthcare, AGITO Medical A/S, DRE Medical Inc., Integrity Medical Systems Inc., General Electric Company, Blocking Imaging International Inc. and SOMA Technology Inc.
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