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MarketsandMarkets: Global Refurbished Medical Equipments Market worth $8.45 Billion by 2017
Date:8/28/2012

ring devices, minimally invasive surgical devices, radiation oncology devices, biotechnology instruments and so others. Refurbished medical devices market is expected to grow at a faster rate with a CAGR of 7.8% from 2012 to 2017.

The global refurbished market has seen challenging and dynamic market conditions, but still remains strong, with a size of approximately $8.45 billion in 2017 and an estimated annual growth rate of 7.8% over the next five years. Affordable offerings of used branded products and enhanced access to replacement parts and repair technology are contributing to widespread adoption of the refurbished medical devices by healthcare institutions worldwide.

The refurbished medical equipments market is operated by mainly two kinds of players; original equipment manufacturers (OEMs) and third party manufacturers. Major OEMs include GE Healthcare (U.K), Siemens Healthcare (Germany), Philips Healthcare (The Netherlands), Stryker Corporation (U.S.), Johnson & Johnson (U.S.) and Toshiba Medical System (Japan) and third party vendors including Soma Technology (U.S.), Agito Medical (Denmark), DMS Topline Medical (U.S.), and First Source, Inc. (U.S.).

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices [

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