What is Remanufactured Medical Imaging Device Market?
The world of medical imaging servicing and manufacturing has gotten a lot of attention recently. Remanufactured Medical Imaging Device is the technique refers to restoring used devices by transforming product to specifications of the original manufactured product using a combination of reused, repaired, and new parts. According to the research in the United Kingdom, in 2003 the National Health Service (NHS) spent approximately £1.5 billion on acquired medical equipment and medical supplies.2 Health spending in the EU averages 8-9% of GDP, with 10% of the workforce employed in this sector. The market for remanufactured medical imaging device is rapidly evolving with a growing preference for point-of-care testing is booming the demand for the remanufactured medical imaging devices
The market study is being classified, by Application (Hospital, Clinic and Others) and major geographies with country level break-up.
GE Healthcare (United States), Siemens (Germany), Philips (Netherland), Hitachi (Japan), Canon Medical Systems Corporation (Japan), Toshiba Medical, Ultra Solutions (United States), Block Imaging(United States), Providian Medical (United States) and Agito Medical (Denmark) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are LBN Medical(Denmark) and Soma Technology (United States).
The global Remanufactured Medical Imaging Device market is fragmented due to the presence of regional and global manufacturers. The level of competition among the companies in the remanufactured Medical Imaging Device market is intense and manufacturers focus on developing new technologies and offering customized products to the customers. In the coming years, manufacturers will also develop new partnerships to spread their product reach to more customers globally. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Remanufactured Medical Imaging Device market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Remanufactured Medical Imaging Device market by Type, Application and Region.
On the basis of geography, the market of Remanufactured Medical Imaging Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing demand for early detection of incurable diseases
- Increasing demand for capital-intensive diagnostic imaging equipment
- The pace of advancing technology in this field is rapid
- Environmental considerations, especially with regard to waste, are increasingly significant
- Unhelpful Perception About The Quality Of Refurbished Medical Devices Are Expected To Restrain The Market Growth
- The sale or exchange of end of life medical imaging devices should be encouraged
- The sale or exchange of end of life medical imaging devices should be encouraged.
- For instance, reimbursement laws around some European regions, such as France, compel reimbursement to be halved if the equipment is older than five years. This forces some hospitals to purchase new equipment
Market Leaders and some development strategies
“FDA-2016-N-0436, Refurbishing, Reconditioning, Rebuilding, Remarketing, Remanufacturing, and Servicing of Medical Devices Performed by Third-Party Entities and Original Equipment Manufacturers.” and "The remanufacturing process adheres to EN ISO 13485: 2003 which ensures Quality Management Systems are used by Medical Device Manufacturers13 and ISO 14001: 1996 which is an international standard for an effective Environmental Management System.14 The refurbishment systems also participate in the voluntary EU Eco-Management and Audit Scheme (EMAS)."
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Remanufactured Medical Imaging Device Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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