Refurbished medical equipment is defined as a restored medical device rebuilt to a condition that is comparable to the new equipment. Refurbishment includes reconditioning, repair, installation of certain software/hardware updates without changing the intended use of the original device, and replacement of worn parts. Technology in terms of software, hardware and others is changing at a faster pace, which shortens the interval between the purchase of superior systems and worn out of preoccupied devices. Factors driving growth of refurbished medical equipment market are increasing involvement of key manufacturers in refurbishment of their equipment and increasing demand of cost effective systems by small scale private hospitals and clinics. For example, high cost of huge and technologically complex equipment such as MRI systems and CT scanners is a restraining factor for small scale private hospitals and clinics, which leads to high demand for Refurbished Medical Equipment and in turn propelling the market growth.
Prominent Players in the Refurbished Medical Equipment Industry:
1. GE Healthcare.
Amtech Biotech Co.was founded in 1892 and its headquarter in Chicago, Illinois, United States.The company operates in 195 countries. GE HealthCare on Thursday announced that it is extending its collaboration with Elekta, a leader in radiation therapy
2. Philips Healthcare
Philips Healthcaret ltd. was launch in 1891. And its headquarter - Amsterdam, Netherlands. It operate over 100 country.In 2021 Philips Capsule MDIP now integrates with more than 1000 unique medical device models – further enabling enterprise-wide interoperability
3. Siemens Healthineers
Cayman Chemical was launch in 1847 and it’s headquarter located in Erlangen, Germany .it operate over 70 country . Siemens refurbishes pre-owned medical equipment for medical imaging and therapy. Find out about Siemens Refurbished Systems.
4. Soma Technology, Inc
Soma Technology, Incwas launch in 1992 and it’s headquarter located in Headquartered in Bloomfield, Connecticut., The company refurbishes products for health care facilities located in more than 50 countriesIn Soma Technology, Inc. believes that the products we sell have more economical and social benefits than buying through other companies.
5. Block Imaging International, Inc.
Block Imaging International, Inc. founded in 1997, with its headquarters in Veilstone City, Sinnoh . .With businesses in over 60 countries. Block Imaging International, Inc., headquartered in Lansing, MI, USA, has been providing all modalities of pre-owned and refurbished medical
6. Shandong Freda Biotechnology Co
Agito Medical A/S.was launch 1998 and its headquarter Shandong,China . it operate over 165 country.
*Definition- Refurbished medical equipment is defined as a restored medical device rebuilt to a condition that is comparable to the new equipment
