According to the report “Refurbished Medical Devices Market”, published by Market Data Forecast, the global market is projected to reach USD 12.25 Billion by 2021, at a CAGR of 12.5% from 2016 to 2021.

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The refurbishment procedure consist of initial physical check, analysis of all devices parameters, substitution of non-functioning components and parts, checking & setting of all accessories, peripherals and units, recording of all alterations made in the device, and sanction by the quality control department.

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The growth of the refurbished medical devices market is largely driven by the rising prevalence of lifestyle diseases (such as cancer and CVD), increasing geriatric population, growing demand for refurbished medical products by small and medium sized hospitals and upgrading healthcare facilities.

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Refurbished Medical Devices Market segmented on the basis of Product type, Geography.

By Product Type:
• Operating Room Devices & Surgical Devices
• Patient Monitors
• Defibrillators
• Neurology Devices
• Medical Imaging Devices
• Cardiovascular & Cardiology Devices
• IV Therapy Systems
• Endoscopy Devices
• Intensive Care Systems
• Neonatal Intensive-Care Devices
• Other Medical Devices

By Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa

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The key players in the refurbished medical devices market are Siemens Healthcare systems, First Source Inc., DMS Topline, Radio Oncology Systems Inc., Johnson & Johnson, GE Healthcare, DRE Inc., Block Imaging International Inc., Integrity Medical systems Inc., Everx Pvt Ltd., Philips Healthcare, Agito medical A/S and Soma Technology.

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