Indore, July 2018: According to the OMR analysis, the Global refurbished medical devices market is expected to grow at a significant rate during 2018-2023. The global refurbished medical devices market has witnessed a significant growth due to rise in sale of refurbished medical devices and equipment due to online marketing. The Global Refurbished medical devices Market is segmented on the basis of type, application, end user and geography. The report provides detailed and insightful chapters on Market Overview, Key Findings, Strategic Recommendations, Market Estimations, Market Determinants, Sector Analysis, Key Company Analysis, Market Insights, Company Profiling, Market Segmentation, Geographical Analysis, Analyst Insights and predictive analysis of the market.
“The refurbished medical devices market is driven by rise in sale of the refurbished device owing to the online marketing. Vendors are adopting various strategies such as organizing promotional event at several healthcare organizations, participating in industry exhibitions and online marketing for the promotion and advertisement of their device to a larger consumer base. Online marketing allows the vendors for attracting more consumers in a quick and easy way. Online marketing of the devices has many advantages as minimum distribution and operational costs that encourage players for shifting their promotional events online. The manufacturers sell their refurbished medical equipment online along with their accessories that add value to the customer purchase. Vendors are even adopting strategies such as include discounts and promotional offers on single and bulk purchase of devices for increasing the sale of their devices.”
The market on the basis of geography is divided among four major regions – North America, APAC, Europe, and Rest of the world. North America is the leading market. The market is expected to grow at a stable CAGR. North American market is driven by increasing adoption of low cost refurbished devices in the US. Asia Pacific market is expected to have the highest CAGR amongst all regions for the forecasted period of 2018-2023. APAC market is driven by the increasing demand in the region owing to the budget constraints of private hospitals.
The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, patent analysis, pipeline analysis, market determinants, key company analysis, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.”
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