Refurbished Imaging Medical Equipment Market in India 2013
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Refurbished Imaging Medical Equipment market has witnessed a healthy growth in the recent past and will continue to do so in coming years. Lower cost of refurbished equipments and increasing occurrence of lifestyle diseases are the major drivers for the growth of refurbished imaging equipments.
The report begins with macro economic indicators whereby the basic economic indicators have been depicted. In the introduction section market size of medical equipments in India has been estimated. It also gives the segmentation of the medical equipment market. The introduction section clearly shows both medical equipment markets in general and imaging equipment market in particular is poised to grow at a healthy rate. In the market overview section an overview of the refurbished medical equipments has been provided. A flowchart has been provided to explain how refurbished equipments are bought by hospitals. It also enumerates the checklist for refurbished equipments. Further, the report highlights the different types of ways equipments are refurbished. Thereafter, factors which affect the purchase of refurbished equipment have been listed. Also sourcing of refurbished equipments has been explained. The market overview section also explains the factors which sellers must emphasize on while selling refurbished equipments. Thereafter, the various strategies adopted by refurbished equipment sellers have been explained. Subsequently markets size of refurbished medical equipment such as MRI, CT, X ray, USG and mammography is provided (both in value terms and volume wise). The market for each of these equipments has been explained along with necessary insights and value additions.
In the next section market characteristics of refurbished imaging medical equipments has been listed. This section explains how refurbished equipments lead to quick return on investments. At the same time doctors express serious concern over quality of refurbished equipments which might affect the treatment quality. Patients might be adversely affected. Sometimes refurbished equipments suffer from poor after sales service resulting in disruption of services. Rapid technology up-gradation has also resulted in the growth of refurbished equipments in India. Hospitals prefer to buy refurbished equipment as they get a relatively new machine at a fraction of the price. Moreover people are sometimes unaware whether the device is new or refurbished and they are driven only by price-has also resulted in the growth of refurbished imaging medical equipment.
The competition section begins with a Porter’s five forces model which analyses the dynamics of the market. The major players in the market have been profiled which includes a financial summary for each of the players. Key ratios and key contacts are also listed. The last section offers strategic recommendations for the players in the refurbished imaging medical equipment market. For each of the companies a SWOT analysis has been provided.
Refurbished Imaging Medical Equipment market has witnessed a healthy growth in the recent past and will continue to do so in coming years. Lower cost of refurbished equipments and increasing occurrence of lifestyle diseases are the major drivers for the growth of refurbished imaging equipments.
The report begins with macro economic indicators whereby the basic economic indicators have been depicted. In the introduction section market size of medical equipments in India has been estimated. It also gives the segmentation of the medical equipment market. The introduction section clearly shows both medical equipment markets in general and imaging equipment market in particular is poised to grow at a healthy rate. In the market overview section an overview of the refurbished medical equipments has been provided. A flowchart has been provided to explain how refurbished equipments are bought by hospitals. It also enumerates the checklist for refurbished equipments. Further, the report highlights the different types of ways equipments are refurbished. Thereafter, factors which affect the purchase of refurbished equipment have been listed. Also sourcing of refurbished equipments has been explained. The market overview section also explains the factors which sellers must emphasize on while selling refurbished equipments. Thereafter, the various strategies adopted by refurbished equipment sellers have been explained. Subsequently markets size of refurbished medical equipment such as MRI, CT, X ray, USG and mammography is provided (both in value terms and volume wise). The market for each of these equipments has been explained along with necessary insights and value additions.
In the next section market characteristics of refurbished imaging medical equipments has been listed. This section explains how refurbished equipments lead to quick return on investments. At the same time doctors express serious concern over quality of refurbished equipments which might affect the treatment quality. Patients might be adversely affected. Sometimes refurbished equipments suffer from poor after sales service resulting in disruption of services. Rapid technology up-gradation has also resulted in the growth of refurbished equipments in India. Hospitals prefer to buy refurbished equipment as they get a relatively new machine at a fraction of the price. Moreover people are sometimes unaware whether the device is new or refurbished and they are driven only by price-has also resulted in the growth of refurbished imaging medical equipment.
The competition section begins with a Porter’s five forces model which analyses the dynamics of the market. The major players in the market have been profiled which includes a financial summary for each of the players. Key ratios and key contacts are also listed. The last section offers strategic recommendations for the players in the refurbished imaging medical equipment market. For each of the companies a SWOT analysis has been provided.
Slide 1: Executive Summary
MACROECONOMIC INDICATORS
Slide 2: Economic Indicators: GDP at cost factor cost: Quarterly (2009-10- 2012-13) & Inflation rate Monthly (Jul-Aug 2012 – Nov-Dec 2012)
Slide 3: Gross fiscal deficit: Monthly (Sep-2012-Feb 2013) & Exchange Rate: Half Yearly (Aug 2012- Jan 2013)
Slide 4: Lending rate: Annual (2008-09-2011-12); Trade Balance: Annual (2009-10-2012-13) & FDI: Annual (2009-10-2012-13)
INTRODUCTION
Slide 5: Medical Equipment-Overview – Market Size –Medical equipment (2010-2015e); Market Size- Imaging Equipment (2010-2015e); Segmentation- Medical Equipments (2010-2015e)
MARKET OVERVIEW
Slide 6: Refurbished Medical Equipment-Overview - Growth in medical Tourism (2010-2015e); Increase in health budget (2011-12-2012-13)
Slide 7: Up-gradation by hospitals; Refurbished equipment life cycle; Checklist: Refurbished equipments
Slide 8: Types of refurbishment; Advantage of OEMs; Sourcing refurbished medical equipments
Slide 9: Factors affecting sales of refurbished equipment
Slide 10: Strategies of refurbished equipment sellers
Slide 11: Refurbished MRI equipment- Market Size (Value and Volume) (2011-2015e)
Slide 12: Refurbished CT equipment- Market Size (Value and Volume) (2011-2015e)
Slide 13: Refurbished USG equipment- Market Size (Value and Volume) (2011-2015e)
Slide 14: Refurbished X-Ray equipment- Market Size (Value and Volume) (2011-2015e)
Slide 15: Refurbished Mammography equipment- Market Size (Value and Volume) (2011-2015e)
MARKET CHARACTERISTICS
Slide 16: Summary
Slide 17- 19: Key characteristics
COMPETITIVE LANDSCAPE
Slide 20: Market Competition- Porter’s five forces analysis
Slide 21- 24: Major public players
Slide 25- 43: Major private players
STRATEGIC RECOMMENDATIONS
Slide 44: Key Strategic Recommendations
APPENDIX
Slide 45: Appendix
Slide 46: Sources of information
MACROECONOMIC INDICATORS
Slide 2: Economic Indicators: GDP at cost factor cost: Quarterly (2009-10- 2012-13) & Inflation rate Monthly (Jul-Aug 2012 – Nov-Dec 2012)
Slide 3: Gross fiscal deficit: Monthly (Sep-2012-Feb 2013) & Exchange Rate: Half Yearly (Aug 2012- Jan 2013)
Slide 4: Lending rate: Annual (2008-09-2011-12); Trade Balance: Annual (2009-10-2012-13) & FDI: Annual (2009-10-2012-13)
INTRODUCTION
Slide 5: Medical Equipment-Overview – Market Size –Medical equipment (2010-2015e); Market Size- Imaging Equipment (2010-2015e); Segmentation- Medical Equipments (2010-2015e)
MARKET OVERVIEW
Slide 6: Refurbished Medical Equipment-Overview - Growth in medical Tourism (2010-2015e); Increase in health budget (2011-12-2012-13)
Slide 7: Up-gradation by hospitals; Refurbished equipment life cycle; Checklist: Refurbished equipments
Slide 8: Types of refurbishment; Advantage of OEMs; Sourcing refurbished medical equipments
Slide 9: Factors affecting sales of refurbished equipment
Slide 10: Strategies of refurbished equipment sellers
Slide 11: Refurbished MRI equipment- Market Size (Value and Volume) (2011-2015e)
Slide 12: Refurbished CT equipment- Market Size (Value and Volume) (2011-2015e)
Slide 13: Refurbished USG equipment- Market Size (Value and Volume) (2011-2015e)
Slide 14: Refurbished X-Ray equipment- Market Size (Value and Volume) (2011-2015e)
Slide 15: Refurbished Mammography equipment- Market Size (Value and Volume) (2011-2015e)
MARKET CHARACTERISTICS
Slide 16: Summary
Slide 17- 19: Key characteristics
COMPETITIVE LANDSCAPE
Slide 20: Market Competition- Porter’s five forces analysis
Slide 21- 24: Major public players
Slide 25- 43: Major private players
STRATEGIC RECOMMENDATIONS
Slide 44: Key Strategic Recommendations
APPENDIX
Slide 45: Appendix
Slide 46: Sources of information
Introduction
- Market for both medical devices as well as medical imaging equipments are likely to increase in the coming years
- Market for both new and refurbished equipments will see growth
- All equipments must be according to Body A
Market Overview
- Growth in medical tourism and increase in health budget has led to stupendous growth in the healthcare vertical in India
- Refurbished machines can be supplied by both OEMs as well as third party suppliers
- Sourcing a proper medical imaging equipment which is well maintained can be a challenge
- Buying a refurbished equipment has its own share of risks
- Among refurbished equipments, CT and MRI equipments are expected to grow at a rapid rate
- Cost competitiveness is the main reason for hospitals preferring refurbished equipments
- Other reasons include availability of better technology at reasonable prices
- A lot of refurbished imaging equipments are sourced from abroad
Market Characteristics
- Low cost leading to better returns on investment
- Doubt over quality
- Poor after sales service
- Rapid technology in up‐gradation Competitive Landscape p gy p g
- Poor customer awareness
