Refurbished Medical Imaging Devices Market Size Worth $10.234.78 Billion By 2032 | CAGR: 10.50%

The global Refurbished Medical Imaging Devices market is expected to grow at growth rate of 10.50% to reach USD 10,234.78 Million by 2032.

Refurbished medical equipment refers to devices that have been restored to a fully operational condition without altering their original specifications. The refurbishing process includes steps such as cleaning, disinfecting, repainting, and replacing damaged or worn-out components, followed by a thorough servicing of the equipment.

Once refurbished, the equipment is sold at a considerably lower price than new units. This makes refurbished equipment highly sought after in healthcare environments, including hospitals and clinics. Key factors driving the growth of the refurbished medical imaging devices market include the increasing demand for cost-effective imaging solutions from smaller healthcare facilities, the availability of surplus used or outdated equipment, a growing preference for eco-friendly options, the expansion of hospitals and diagnostic centers, and emerging opportunities in developing countries. With numerous vendors in the market, competition has increased, offering consumers more choices and driving market expansion.

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KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The Europe region is expected to experience the fastest compound annual growth rate (CAGR) in the refurbished medical imaging devices market during the forecast period. The growing demand for these devices can be attributed to the need for cost-effective medical solutions, as healthcare providers aim to reduce spending on advanced technologies while still ensuring high-quality care. Furthermore, the expansion of Europe's private healthcare sector is driving the demand for refurbished devices, with private hospitals increasingly focused on return on investment. Key contributors to the regional market include Russia, Spain, Italy, Germany, France, and the United Kingdom. However, Europe's healthcare system, with its predominantly single-payer and socialized medicine model, tends to feature larger, budget-constrained medical facilities.

The refurbished medical imaging devices market is highly competitive, featuring a mix of small, medium-sized businesses and large multinational corporations. One of the key strategies to gain market share is the development and introduction of new, technologically advanced products. Leading players in the market include GE HealthCare, EverX Pty Ltd., Koninklijke Philips N.V., Hitachi Healthcare Systems, Siemens Healthineers, and others. For example, in January 2023, Radon Medical Imaging acquired Premier Imaging Medical Systems. Premier is known for its services in the sale and maintenance of new, used, and refurbished imaging and biomedical equipment.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL REFURBISHED MEDICAL IMAGING DEVICES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Ø GE HealthCare
Ø EverX Pty Ltd.
Ø Koninklijke Philips N.V.
Ø Hitachi Healthcare Systems
Ø Siemens Healthineers
Ø Block Imaging, Inc.
Ø Canon Medical Systems Corporation
Ø Agito Medical A/S
Ø Radiology Oncology Systems, Inc.
Ø Future Health Concepts
Ø Others

GLOBAL REFURBISHED MEDICAL IMAGING DEVICES MARKET, BY MODALITY- MARKET ANALYSIS, 2019 - 2032
Ø Ultrasound
Ø X-ray
Ø Magnetic Resonance Imaging
Ø Nuclear Imaging
Ø Computed Tomography
Ø Others

GLOBAL REFURBISHED MEDICAL IMAGING DEVICES MARKET, BY END USE- MARKET ANALYSIS, 2019 - 2032
Ø Hospitals
Ø Clinics
Ø Diagnostic Imaging Centers
Ø Others

GLOBAL REFURBISHED MEDICAL IMAGING DEVICES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
Ø North America
o U.S.
o Canada
Ø Europe
o Germany
o UK
o France
o Italy
o Spain
o The Netherlands
o Sweden
o Russia
o Poland
o Rest of Europe
Ø Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Thailand
o Philippines
o Rest of APAC
Ø Latin America
o Brazil
o Mexico
o Argentina
o Colombia
o Rest of LATAM
Ø The Middle East and Africa
o Saudi Arabia
o UAE
o Israel
o Turkey
o Algeria
o Egypt
o Rest of MEA