(Health-NewsWire.Net, August 29, 2017 ) According to the report Latin America Refurbished Medical Devices market, published by Market Data Forecast, the Market was worth USD 1.09 billion in 2016 and estimated to be growing at a CAGR of 12.83%, to reach USD 1.99 billion by 2021.
Rapidly changing healthcare landscape has made it difficult to decide, how to invest in new major medical device can be intimidating for many healthcare specialists. Purchasing refurbished medical device is a progressively attractive option for several customers who are looking to attain necessary medical devices while decreasing what can often be extreme costs.
Browse market data tables and in-depth TOC of the Latin America Refurbished Medical Devices Industry to 2021 @ http://www.marketdataforecast.com/market-reports/latin-america-refurbished-medical-devices-market-702/
The market for refurbished medical devices is increasing rapidly. Key factor that drives the growth of refurbished medical devices is the growing demand for refurbished medical devices all around the region. Moreover, enhanced treatment in cancer and cardiovascular diseases and cumulative demand for patient safety is increasing the growth of refurbished medical devices. Intense competition and uncertain return on investments are the major factors hindering the growth of the market.
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The Latin America refurbished medical devices market is segmented on the basis of product type into neonatal intensive-care equipment, cardiovascular & cardiology equipment, endoscopy equipment, defibrillators, neurology equipment, medical imaging equipment, IV therapy systems, patient monitors, intensive care systems, operating room equipment & surgical equipment and other medical equipment. The patient monitor device segment holds the major share in the market due to the less cost of product, growing awareness for chronic diseases and technological developments such as innovations of portable patient monitoring devices.
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Based on geography the market is analysed under various regions namely, Mexico, Argentina and Brazil. Mexico is the leading region for this market and is estimated to witness highest growth.
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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