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Pre-Owned Medical Devices Market

Pre-Owned Medical Devices Market (X-ray & Mammography, CT, MRI, Ultrasound, Nuclear Imaging and Medicine Devices, C-arm Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -2019

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. A majority of the countries in the RoW and European regions ban or discourage the usage of refurbished pre-owned medical devices, hence these regions account for the smaller market shares for refurbished pre-owned medical devices and are also expected to display low CAGR during the forecast period.
     
    Chapter 1 Preface
    1.1 Report Description
    1.2 Market Segmentation
    1.3 Research Methodology
          1.3.1 Research Approach
          1.3.2 Secondary Research
          1.3.3 Primary Research
          1.3.4 Models
    1.4 Assumptions
     
    Chapter 2 Executive Summary
     
    Chapter 3 Introduction: Pre-Owned Medical Devices Market
    3.1 Definition - Pre-Owned Medical Devices
    3.2 Significance of Refurbishment Process
    3.3 Types of Refurbishment
    3.4 Good Refurbishment Practices (GRPs) and Refurbishment Process
    3.5 Regulatory framework for refurbishment of pre-owned medical devices
          3.5.1 U.S.
          3.5.2 Europe
    3.6 Effect of Regulatory Restrictions
    3.7 Refurbishment Programs by OEMs and Other Market Participants
          3.7.1 The ‘Diamond Select’ program
          3.7.2 The ‘Proven Excellence’ program
          3.7.3 The ‘GoldSeal refurbishment’ program
          3.7.4 Refurbishment programs by other market participants
     
    Chapter 4 Global Pre-Owned Medical Devices Market Overview
    4.1 Overview
    4.2 Drivers
          4.2.1 Challenging macro-economic conditions
          4.2.2 Installed medical devices approaching end of life-cycle
          4.2.3 Increased screening initiatives
          4.2.4 Environmental impact considerations
          4.2.5 Favourable after- / post- sales services
    4.3 Restraints
          4.3.1 Regulatory restraints
          4.3.2 Negative perception about the quality of the refurbished pre-owned medical devices
          4.3.3 OEMs operating in the refurbishment market
    4.4 Opportunities
          4.4.1 North America and Asia-Pacific markets - core markets for the OEMs
          4.4.2 Refurbishment of CT Machines, Nuclear Imaging and Medicine Devices and C-arm Devices - key growth opportunity for the OEMs
    4.5 Market Attractiveness Analysis: Pre-Owned Medical Devices Market, by Geography
     
    Chapter 5 Global Pre-Owned Medical Devices Market, by Device Type, 2011 - 2019 (USD Million)
    5.1 Pre-Owned X-ray and Mammography Machines
          5.1.1 Global Pre-Owned X-ray and Mammography Machines Market Value, 2011 - 2019 (USD million)
    5.2 Pre-Owned CT Machines
          5.2.1 Global Pre-Owned CT Machines Market Value, 2011 - 2019 (USD million)
    5.3 Pre-Owned MRI Machines
          5.3.1 Global Pre-Owned MRI Machines Market Value, 2011 - 2019 (USD million)
    5.4 Pre-Owned UltraSound Machines
          5.4.1 Global Pre-Owned UltraSound Machines Market Value, 2011 - 2019 (USD million)
    5.5 Pre-Owned Nuclear Imaging and Medicine Devices
          5.5.1 Global Pre-Owned Nuclear Imaging and Medicine Devices Market Value, 2011 - 2019 (USD million)
    5.6 Pre-Owned C-arm Devices
          5.6.1 Global Pre-Owned C-arm Devices Market Value, 2011 - 2019 (USD million)
     
    Chapter 6 Pre-Owned Medical Devices Market, by Geography, 2011 - 2019 (USD Million)
    6.1 Introduction
          6.1.1 Global Pre-Owned Medical Devices Market, by Geography, 2013 and 2019 (USD Million)
          6.1.2 North America
          6.1.3 Europe
          6.1.4 Asia-Pacific
          6.1.5 RoW
     
    Chapter 7 Recommendations
    7.1 Gain accreditation, enhance after-sales services to help overcome negative perception of customer entities
    7.2 Investing in North American and Asia-Pacific markets
    7.3 Targeting the unorganized market in the RoW region
     
    Chapter 8 Company Profiles
    8.1 GE Healthcare Ltd.
          8.1.1 Company Overview
          8.1.2 Financial Overview
          8.1.3 Product Portfolio
          8.1.4 Business Strategies
          8.1.5 Recent Developments
    8.2 Philips Healthcare
          8.2.1 Company Overview
          8.2.2 Financial Overview
          8.2.3 Product Portfolio
          8.2.4 Business Strategies
          8.2.5 Recent Developments
    8.3 Siemens Healthcare
          8.3.1 Company Overview
          8.3.2 Financial Overview
          8.3.3 Product Portfolio
          8.3.4 Business Strategies
          8.3.5 Recent Developments
    8.4 Toshiba Medical Systems Corporation
          8.4.1 Company Overview
          8.4.2 Financial Overview
          8.4.3 Product Portfolio
          8.4.4 Business Strategies
          8.4.5 Recent Developments
    8.5 Agito Medical
          8.5.1 Company Overview
          8.5.2 Product Portfolio
          8.5.3 Business Strategies
    8.6 Soma Technology, Inc.
          8.6.1 Company Overview
          8.6.2 Product Portfolio
          8.6.3 Business Strategies
    List of Tables
     
    TABLE 1 Market Snapshot: Global Pre-Owned Medical Devices Market

    List of Figures

     

    Fig. 1 Pre-Owned Medical Devices: Market Segmentation

    Fig. 2 Global Pre-Owned Medical Devices Market, by Device Type, Market Value, 2012 (USD Million)

    Fig. 3 Cocir’s Framework for Standard Refurbishment Process

    Fig. 4 Countries that Discourage Purchase of Pre-Owned Medical Devices

    Fig. 5 Countries that ban Import or Usage of Pre-Owned Medical Devices

    Fig. 6 Market Attractiveness Analysis: Pre-Owned Medical Devices Market, by Geography

    Fig. 7 Global Pre-Owned X-Ray and Mammography Machines Market Value, 2011 - 2019 (USD Million)

    Fig. 8 Global Pre-Owned CT Machines Market Value, 2011 - 2019 (USD Million)

    Fig. 9 Global Pre-Owned MRI Machines Market Value, 2011 - 2019 (USD Million)

    Fig. 10 Global Pre-Owned UltraSound Machines Market Value, 2011 - 2019 (USD Million)

    Fig. 11 Global Pre-Owned Nuclear Imaging and Medicine Devices Market Value, 2011 - 2019 (USD Million)

    Fig. 12 Global Pre-Owned C-Arm Devices Market Value, 2011 - 2019 (USD Million)

    Fig. 13 Comparative Analysis : Global Pre-Owned Medical Devices Market, by Geography, 2013 and 2019 (USD Million)

    Fig. 14 Ge Healthcare Ltd.: Annual Revenue, 2010 – 2012 (USD Million)

    Fig. 15 Philips Healthcare: Annual Revenue, 2010 – 2012 (USD Million) (Conversion Rate: 1 Euro = 1.35 USD)

    Fig. 16 Siemens Healthcare: Annual Revenue, 2010 – 2012 (USD Million) (Conversion Rate: 1 Euro = 1.35 USD)

    Fig. 17 Toshiba Medical Systems Corporation, Inc.: Annual Sale, 2010 – 2012 (USD Million) (Conversion Rate: 1 Yen = 0.01 USD)

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Pre-Owned Medical Devices Market

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