Latest News- Refurbished Medical Imaging Equipment Market: X-ray imaging is expected to lead the Product segment during 2025-2029

The Refurbished Medical Imaging Equipment Market is being driven by Increasing demand for cost-effective and efficient medical imaging devices

The Refurbished Medical Imaging Equipment Market is expected to grow at a CAGR of 8.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7684.8 million. In the medical industry, the refurbishment of pre-owned or used medical imaging equipment presents significant cost savings and environmental benefits. This process not only conserves energy and resources but also prevents unnecessary waste, thereby promoting sustainability. Moreover, the potential health risks associated with medical device waste are mitigated, as refurbishing reduces the production of electronic waste (e-waste) and subsequent pollution. For private hospitals and diagnostic centers, the acquisition of refurbished medical devices offers a cost-effective alternative, with estimates suggesting potential savings of 30%-70% compared to new equipment purchases. This professional and efficient approach to medical equipment procurement is an essential consideration for any healthcare organization seeking to minimize expenses while maintaining high-quality patient care. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • X-ray imaging
  • Ultrasound systems
  • MRI
  • CT scanner imaging
  • SPECT/ PET scanners
• End-user
  • Hospitals
  • Diagnostic centers
• Application
  • Cardiovascular
  • Oncology
  • Orthopedics
  • Gynecology
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for cost-effective and efficient medical imaging devices
• Increasing privatization in healthcare sector
• Increasing sales through online marketing

However, the market also witnesses some limitations, which are as follows:

• Negative perception of end-users about refurbished medical equipment
• Concerns regarding quality, safety, and efficacy
• Unsupportive regulations

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Market Scope in Refurbished Medical Imaging Equipment Market Research Report

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Research Analysis Overview

The Refurbished Medical Imaging Equipment Market focuses on supplying high-quality used medical imaging equipment, ensuring optimal image quality, clarity, spatial resolution, and contrast resolution. These devices prioritize minimizing image noise and artifacts while maintaining patient comfort and safety. Radiation dose and operating costs are also crucial factors, along with capital expenditure, equipment obsolescence, and re-sale value. Environmental impact, green technology, energy efficiency, and waste reduction are essential considerations. Transparency in the supply chain, ethical sourcing, data integrity, backup, and recovery are vital for maintaining trust and compliance. Clinical trials, professional training, and continuing education ensure the latest technology and techniques are employed.

Market Research Overview

The Refurbished Medical Imaging Equipment Market is a significant segment of the global healthcare equipment industry, encompassing the sale of refurbished CT scanners, MRI scanners, X-ray machines, ultrasound systems, PET scanners, and mammography units. According to Technavio, this market is a subset of the larger global healthcare equipment market, which covers the revenue generated by manufacturers of various diagnostic devices and equipment used in the therapy areas. The healthcare equipment industry is categorized into devices, which include advanced, differentiated, and clinically tested data-driven devices, as well as consumables, implants, accessories, and instruments. Technavio calculates the market size for the global healthcare equipment industry based on the combined revenue of manufacturers in these product categories.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/