Features | Partner Sites | Information | LinkXpress
Sign In
Schiller
Shuenn Bao Shing Corporation
Ampronix

Limited Budgets Drive Refurbished Medical Imaging Equipment Market

By HospiMedica International staff writers
Posted on 09 Dec 2013
Increasing global acceptance of refurbished equipment due to public sector budgetary constraints is encouraging the uptake of refurbished medical imaging equipment in the private sector as well. These are the latest findings of Frost & Sullivan (Frost, Mountain View, CA, USA), an international market research firm.

The Eurozone economic slowdown has made it tough for private hospitals, particularly in Southern Europe, to procure new imaging modalities. Streamlined budgets and escalating number of medical procedures, along with the need to spend less on technologies while gaining the maximum benefit from them, has sustained demand in private hospitals for refurbished equipment across most imaging departments, including nuclear medicine, mammography, and minimally invasive surgeries (MIS).

“Growth of the private healthcare sector has increased the uptake of high-quality imaging modalities, as private hospitals focus strongly on returns on investment,” said Frost healthcare research analyst Raghuraman Madanagopal, BSc. “Refurbished medical imaging equipment provides these hospitals with an opportunity to stay ahead of competitors by conducting more advanced procedures at a lower cost.”

However, the market does present several challenges. For example, reimbursement laws across some European regions, such as France, compel reimbursement to be cut by half if the equipment is older than five years, forcing some hospitals to purchase new equipment. Moreover, regulations in certain countries such as Romania and Bulgaria restrict hospitals from purchasing old equipment using state funded loans. Because almost all public hospitals are covered by the state, they opt for new systems over refurbished models.

“Government regulations that have restricted the purchase of used equipment in some regions are expected to ease following the rapid acceptance of refurbished systems globally,” added Mr. Madanagopal. “With governments relaxing their regulations, the scope for these systems in the public sector will grow.”

According to Frost & Sullivan, the European refurbished medical imaging equipment market earned revenue of USD 417.6 million in 2012, and is estimated to reach USD 582.3 million in 2019.

Related Links:

Frost & Sullivan



CardioComm Solutions
Asian Healthcare Show
Armstrong Medical Industries

Channels

Critical Care

view channel

CDC Proposes the Counseling of all Males on Circumcision

The US Centers for Disease Control and Prevention (CDC; Atlanta, GA, USA) is recommending that doctors counsel parents of baby boys and teenagers, as well as men, on the benefits and risks of circumcision. The CDC's proposal opens the door to circumcision becoming a topic of conversation any time an uncircumcised male,... Read more

Women's Health

view channel

Women with PTSD Face Higher Pregnancy Risk

Suffering from post-traumatic stress disorder (PTSD) significantly increases a pregnant woman's risk of premature birth, according to a new study. Researchers at Stanford University (CA, USA) conducted a study to identify antenatal PTSD status and spontaneous preterm delivery in a retrospective cohort (2000-2012).... Read more

Health IT

view channel
Image: A screenshot from the 'cat and mouse' game designed to treat amblyopia (Photo courtesy of Ohio State University).

Video Games Help Improve Vision Training

New video games add an important element of entertainment to the repetitive training needed to improve vision in people with ambylopia (lazy eye) and poor depth perception. Developed by researchers... Read more

Hospital News

view channel
Image: Proposed site of the new University of Canberra Public Hospital (Photo courtesy of ACT).

New Hospital Planned at the University of Canberra

The government of the Australian Capital Territory (ACT, Canberra, Australia) has signed an agreement with University of Canberra (UC; Australia) to build a new hospital on its campus. The new UC Public... Read more
 
Copyright © 2000-2014 Globetech Media. All rights reserved.