Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
KOREA E & EX

Events

18 Feb 2016 - 20 Feb 2016
24 Feb 2016 - 26 Feb 2016

Limited Budgets Drive Refurbished Medical Imaging Equipment Market

By HospiMedica International staff writers
Posted on 09 Dec 2013
Print article
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



Print article
LevMed LTD.

Channels

Surgical Techniques

view channel

Nerve Cap Facilitates Management of Symptomatic Neuromas

An innovative device reduces painful neuroma formation, facilitating tissue repair and regeneration following nerve resection. Neurocap is a transparent tubular bioresorbable polymer cap that serves as a synthetic nerve covering. It was designed to help treat symptomatic neuromas by isolating the nerve stump from surrounding... Read more

Women's Health

view channel
Image: The Eclipse vaginal insert in deflated (L) and Inflated (R) states (Phoyo courtesy of Pelvalon).

Vaginal Insert Offers Alternative Treatment for Fecal Incontinence

A novel vaginal insert for bowel control eliminates the need for surgery or an in-office procedure for the treatment of female fecal incontinence (FI). The second-generation Eclipse System is comprised... Read more

Health IT

view channel
Image: The sweat sensor in a prototype flexible plastic wristband (Photo courtesy of Wei Gao et al., Nature).

Wearable Sensor Could Monitor Dehydration and Fatigue

A fully integrated electronic system that can continuously monitor multiple sweat chemicals could be incorporated into wristbands and headbands, according to a new study. The prototype device, developed... Read more

Hospital News

view channel

Geneia Partners with Hospitals on Population Health Training

Geneia (Harrisburg, PA, USA) will provide population health management training to members of the Illinois Health and Hospital Association (IHA; Chicago, USA). Through its education arm, The Geneia Institute, skills-based population health management programs will be delivered to IHA's 209 hospital and nearly 50 health... Read more
Copyright © 2000-2016 Globetech Media. All rights reserved.