Refurbished Medical Devices Market Size, Share and Forecasts, 2016 to 2020

Technavio Announces the Publication of its Research Report Global Refurbished Medical Devices Market 2016-2020

Technavio recognizes the following companies as the key players in the global refurbished medical devices market: GE Healthcare, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems, Agito Medical, Block Imaging International, DRE Medical, Everx, Integrity Medical Systems, Radiology Oncology Systems, Soma Technology, and Stryker.

Browse full report with TOC@ https://marketreportscenter.com/reports/403842/global-refurbished-medical-devices-market-2016-2020

Commenting on the report, an analyst from Technavios team said: One of the key trends for market growth will be increase in M&A. Many companies are highly focused on M&A to increase their customer base, product portfolio, and services and solutions by scaling manufacturing of products. For instance, Philips acquired Volcano in 2015. The increase in value generated, cost efficiency, and market share are the prominent results of M&A. The expansion of product of the parent company and entry of a company into the new geographical area would be easy either by merger or acquisition of a local manufacturer. The customer base will increase as the product portfolio widens with M&A. In order to maintain strong bonding with customers, manufacturers have to focus on offering customer-oriented services and solutions.”

According to the report, one of the key drivers for market growth will be rise in privatization in healthcare sector. Privatization is usually profit driven, and the management has autonomous control over the quality and pricing of the procedures performed. Along with privatization, the demand for high standards of treatment has increased leading to the procurement of advanced devices for patient treatment was observed. Many healthcare institutions like hospitals and diagnostic centers have purchased high-cost equipment at a relatively lower price in the form of refurbished...