Privatization, increasing geriatric population, more health hazards and the growing popularity of medical tourism has made people go down the refurbished equipment route in the healthcare industry. More quality and less pricing have really increased demands for reconditioned medical equipment, especially machines like defibrillators. The global refurbished medical equipment market is expected to hit the USD 15 billion figure by 2023, with growth at a CAGR of 12%. This is according to reports of market shares and operating profiles of major companies in the market, such as original equipment manufacturers, retailers, and healthcare firms. If any of the above facts are anything to go on about, the refurbished medical equipment market is certainly full of potential. Let us talk about a specific piece of equipment, reconditioned automated external defibrillators.
AEDs Explained More
AEDs are used in professional settings by experienced medical teams, such as in hospitals or ambulances, but can also be used in environments such as gyms, schools, and offices, provided the required amount of expertise to handle such machines is available. AEDs can be lifesavers for patients experiencing cardiac arrest. Reconditioned AEDs have become all the more popular due to the reasons discussed above, and much more. Cost-effectiveness is just where it all starts. Refurbished and reconditioned AED have experienced increases in popularity and usage due to them offering functionality similar to new AEDs at a fraction of the price. Moreover, service and support for reconditioned AEDs is still top of the line, as proved by retailers such as Coast biomedical equipment. Offering preventive maintenance and repair services is just a small part of the jigsaw.
Reconditioned AEDs are now being developed by a lot of popular brands including Philips and Zoll. With price cuts of about 50% when compared to new devices, reconditioned AEDs are certainly the way to go.