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 is a cost-effective and eco-friendly solution. This process not only saves energy and resources but also prevents unnecessary waste and contributes to better accessibility of affordable quality equipment. Moreover, it mitigates potential health risks associated with medical device waste, which can cause cancer and other serious health issues. Furthermore, refurbishing medical devices significantly reduces e-waste, thereby lowering landfill and disposal costs, and minimizing pollution. For private hospitals and diagnostic centers, the acquisition of refurbished medical imaging equipment offers substantial cost savings, estimated to be 30-70% less than new devices, depending on their condition. 

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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 encompasses the sale of pre-owned medical imaging equipment, focusing on aspects such as image quality, clarity, spatial resolution, and contrast resolution. Other considerations include image noise, artifacts, patient comfort, radiation dose, and safety. Operating costs, capital expenditure, equipment obsolescence, and re-sale value are essential business factors. Additionally, environmental impact, green technology, energy efficiency, waste reduction, and supply chain transparency are increasingly important. Ethical sourcing, data integrity, backup, recovery, clinical trials, professional training, and continuing education further enhance market value.

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 sub-segment of the larger global healthcare equipment market, which covers the revenue generated by manufacturers of various diagnostic equipment and devices used in the therapy areas. The global healthcare equipment market size is determined by the combined revenue of capital equipment, instruments, implants, accessories, and consumables manufacturers. The healthcare equipment sector consists of devices, which includes advanced, differentiated, and clinically tested data-driven devices. Technavio's market analysis focuses on the refurbished medical imaging equipment market's growth prospects, trends, and competitive landscape.. 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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Website: www.technavio.com/