Pre-owned Medical Devices Market, By Type (X-ray, Mammography Machines, CT Machines, MRI Machines, Ultrasound Machines, Nuclear Imaging and Medicine Devices, C-arm Devices), By End User (Hospitals, Clinics, Other), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jun 2024

Code : CMI4628

Pages :178

Formats :

Excel and PDF

Industry : Medical Devices

Market Concentration and Competitive Landscape

Pre-owned Medical Devices Market Concentration By Players

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Shorter lifecycles of medical technologies

The fast pace of technology innovation in the healthcare sector can drive the market growth. Newer and improved models of medical devices are constantly being launched by manufacturers. This results in much shorter useful lifecycles for existing equipment before these are replaced, even though the machines may still be functionally capable. Hospitals in developed countries routinely upgrade to latest technology to provide state-of-the-art care and for marketing purposes. This leads to a steady flow of nearly new devices entering the resale market. Many of these devices have only been used for a year or two of their potential life spans of 5-7 years. These offer similar performance to brand new equipment at significantly lower prices. Integrated OEM refurbishing programs and independent refurbishers help restore the devices to original specifications, with recertification and warranties. This secondary market offers a win-win for cash-strapped hospitals seeking affordable devices and suppliers trying to extend the life of medical capital equipment. It has efficiently circulated usable medical technology worldwide.

Key Players Insights