Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 14.90 Million |
| USD 28.41 Million | |
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Global Refurbished Medical Imaging Equipment Market, Segmentation, By Product (CT Scanners, MRI Systems, X-Ray Systems, Ultrasound, SPECT/PET Scanners, Others), End-User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2032.
The Refurbished medical imaging equipment market is developing due to the rising frequency of cancer and cardiovascular illnesses, hospital budget constraints, and increased demand for capital-intensive imaging equipment. Due to a huge patient population suffering from chronic diseases such as cancer and cardiovascular diseases around the world, as well as an increasing demand for low-cost medical equipment in developing countries due to budget constraints.
Refurbished Medical Imaging Equipment Market Size
Global refurbished medical imaging equipment market size was valued at USD 14.90 million in 2024 and is projected to reach USD 28.41 billion by 2032, with a CAGR of 8.4% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes
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Refurbished Medical Imaging Equipment Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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General Electric (U.S), Canon Medical Systems Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Atlantis Worldwide LLC. (U.S), Block Imaging Inc. (U.S), Siemens Healthcare GmbH (Germany), Hitachi, Ltd. (Japan), Shimadzu Corporation (Japan), Carestream Health (U.S), Fujifilm Holding Corporation (Japan), Block Imaging, Inc. (U.S), SOMA TECH INTL (U.S), Avante Health Solutions (U.S), Hilditch Group Ltd (U.K), Integrity Medical Systems, Inc. (U.S), Radiology Oncology Systems (U.S), Fair-medical Inc (Japan)
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Market Opportunities
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Refurbished Medical Imaging Equipment Market Definition
Medical imaging systems that have been fixed and are covered by a warranty provided by the reseller or the product's original manufacturer are known as refurbished medical imaging equipment. These equipment offers have been improved by either the reseller or the OEM to resale at a lesser cost than new equipment, and depending on the product offering, certain spare components are also given.
Refurbished Medical Imaging Equipment Market Dynamics
Drivers
The market is also expected to rise due to a lack of available finances for healthcare equipment and an increase in the global incidence of elderly population. Additionally, as the number of skilled individuals increases, so does the availability of services for consumers; this aspect is projected to propel the industry forward.
The increasing budget cuts by hospitals, combined with a large inventory of old or used medical equipment, is expected to shape the growth of the global refurbished medical imaging equipment market. The growing popularity and presence of e-commerce platforms facilitate the hassle-free sale and purchase of such devices. Furthermore, buying new diagnostic imaging equipment is expensive, and increased demand for environmentally friendly products is expected to boost the global refurbished medical imaging equipment market in the coming years.
Opportunities
Increased demand for cost-effective and high-quality medical imaging equipment, improved sales support systems, OEMs' increased awareness of the circular economy, and increased disposable income are all expected to fuel the global refurbished medical imaging equipment market's growth between 2025 - 2032.
Restraints/Challenges
Cost-effectiveness, decreasing obsolescence, improving the age profile of the installed base, and reserving high-end imaging equipment for specialist applications are all factors to consider. The poor view of reconditioned equipment among end-users and concerns about quality, safety, and efficacy are barriers to adoption. Because of concerns about vendor unreliability, many hospitals and diagnostic facilities are hesitant to purchase used and reconditioned equipment. Original equipment manufacturers (OEMs) often prevent hospitals from purchasing refurbished equipment by stating that they will no longer service earlier models.
This refurbished medical imaging equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the refurbished medical imaging equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The refurbished medical imaging equipment market is segmented on the basis of type, price range, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
End-User
The refurbished medical imaging equipment market is analyzed and market size insights and trends are provided by country, type, price range, application and end user as referenced above.
The countries covered in the refurbished medical imaging equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to hold the largest share of the global market during the projected period, followed by Europe. During the forecast period, increased mergers and acquisitions, rising demand for advanced imaging equipment, and cost-cutting strategies used by health-care facilities such as hospitals and diagnostic centres are expected to boost needfor refurbished medical imaging equipment in North America and Europe.
During the projected period of 2025-2032, the market in Asia Pacific is expected to grow at a faster CAGR. During the projection period, the region's refurbished medical imaging equipment market is predicted to develop due to an increase in patient population and key manufacturers' geographic footprint.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The refurbished medical imaging equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to refurbished medical imaging equipment market.
Refurbished Medical Imaging Equipment Market Leaders Operating in the Market Are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.