The refurbished medical imaging equipment market is set to grow by USD 5,892.42 million from 2022 to 2027, progressing at a CAGR 7.63% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Increasing sales through online marketing is the key factor driving the growth of the global refurbished medical imaging equipment market. The focus of online services is to provide care providers with advantages such as minimizing set-up, sales, and operating costs. In addition, vendors market their playback devices in a variety of ways, including holding promotional events at various medical institutions, participating in industry trade shows, and sponsoring various medical events. There is a growing trend of online marketing to attract new customers to purchase devices. The marketing strategies of vendors, such as discounted pricing and promotional offers on single and bulk purchases of imaging devices, increase the number of online sales. Also, the manufacturers provide a warranty and guarantee even for the products offered online. Hence, the increase in online marketing services is expected to contribute to the sales of refurbished medical imaging equipment during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!
The refurbished medical imaging equipment market covers the following areas:
Refurbished Medical Imaging Equipment Market Sizing
Refurbished Medical Imaging Equipment Market Forecast
Refurbished Medical Imaging Equipment Market Analysis
The report on the refurbished medical imaging equipment market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
Refurbished Medical Imaging Equipment Market 2023-2027 – Market Dynamics
Significant Trend
Increasing consultation services and support by vendors is the primary trend shaping the global refurbished medical imaging equipment market growth. The vendors in the global refurbished medical imaging equipment market have started offering consultation, planning, system installation, configuration, and other technical services to their customers. This helps vendors and OEMs to design and incorporate new parts and technologies in the refurbished devices, according to the end-user preferences. The global vendors are offering high-quality, eco-friendly systems with a warranty, ideal service plans, and real-time support to attract more customers. These services and support by the manufacturers drive the market growth.
Key Challenges
Concerns regarding quality, safety, and efficacy are a major challenge impeding the growth of the global refurbished medical imaging equipment market. The reluctance of OEMs or manufacturers to share their updated software and technologies with third-party vendors of medical equipment has consistently made it difficult for refurbishing firms to provide maintenance services for the devices. In addition to the quality issues, the distributors of refurbished medical imaging equipment do not offer full product warranties like new devices. In some instances, systems fail due to the usage of non-OEM parts, raising safety concerns for the staff as well as the patients. All these factors are estimated to restrict the growth of the global refurbished medical imaging equipment market.
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- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!
Refurbished Medical Imaging Equipment Market 2023-2027 : Market Segmentation
The refurbished medical imaging equipment market analysis includes product (X-ray imaging, ultrasound systems, MRI, CT scanner imaging, and SPECT/ PET scanners), end-user (hospitals and diagnostic centers), and geography (North America, Europe, Asia, and Rest of World (ROW)).
The market share growth by the X-ray imaging segment will be significant for overall market growth during the forecast period. An X-ray is a non-invasive test that produces images of the internal structures of a body by exposing the body to a small dose of ionizing radiation. X-ray imaging is the most common test used in more than 50% of the imaging procedures in hospitals. There is an increasing demand for refurbished X-ray devices, which is mainly attributed to the rising popularity of digital radiography (DR) systems.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
Companies Mentioned
- AGITO Medical
- Avante Health Solutions
- Block Imaging Inc.
- EverX Pty Ltd.
- Fair Medical Co. Ltd.
- GE Healthcare Technologies Inc.
- Hi Tech International Group Inc.
- Hilditch Group Ltd
- Integrity Medical Systems Inc.
- Koninklijke Philips NV
- MASTER MEDICAL SYSTEMS PVT LTD
- Nationwide Imaging Services Inc
- Pacific Healthcare Imaging
- Radiology Oncology Systems Inc.
- Siemens Healthineers AG
- SOMA TECH INTL
- Ultra Imaging Solutions LLC.
- US Med Equip
- Venture Medical ReQuip Inc.
- WHITTEMORE ENTERPRISES INC.
Vendor Offerings
- AGITO Medical: The company offers refurbished medical imaging equipment such as Mammography, Ultrasound, C arms.
- Avante Health Solutions: The company offers refurbished medical imaging equipment such as Autoclaves, Fluoroscopy machines, Angio.
- Block Imaging Inc.: The company offers refurbished medical imaging equipment such as Interventional, Molecular, Dexa.
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Refurbished Medical Imaging Equipment Market Scope | |
Report Coverage | Details |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 7.63% |
Market growth 2023-2027 | USD 5,892.42 million |
Market structure | Fragmented |
YoY growth 2022-2023(%) | 6.97 |
Regional analysis | North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution | North America at 33% |
Key countries | US, Germany, UK, China, and Japan |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | AGITO Medical, Avante Health Solutions, Block Imaging Inc., EverX Pty Ltd., Fair Medical Co. Ltd., GE Healthcare Technologies Inc., Hi Tech International Group Inc., Hilditch Group Ltd, Integrity Medical Systems Inc., Koninklijke Philips NV, MASTER MEDICAL SYSTEMS PVT LTD, Nationwide Imaging Services Inc, Pacific Healthcare Imaging, Radiology Oncology Systems Inc., Siemens Healthineers AG, SOMA TECH INTL, Ultra Imaging Solutions LLC., US Med Equip, Venture Medical ReQuip Inc., and WHITTEMORE ENTERPRISES INC. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global refurbished medical imaging equipment market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on global refurbished medical imaging equipment market 2017 – 2021 ($ million)
- 4.2 Product Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)
- 4.3 End-user Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product – Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product – Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 X-ray imaging – Market size and forecast 2022-2027
- Exhibit 34: Chart on X-ray imaging – Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on X-ray imaging – Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on X-ray imaging – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on X-ray imaging – Year-over-year growth 2022-2027 (%)
- 6.4 Ultrasound systems – Market size and forecast 2022-2027
- Exhibit 38: Chart on Ultrasound systems – Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Ultrasound systems – Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Ultrasound systems – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Ultrasound systems – Year-over-year growth 2022-2027 (%)
- 6.5 MRI – Market size and forecast 2022-2027
- Exhibit 42: Chart on MRI – Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on MRI – Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on MRI – Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on MRI – Year-over-year growth 2022-2027 (%)
- 6.6 CT scanner imaging – Market size and forecast 2022-2027
- Exhibit 46: Chart on CT scanner imaging – Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on CT scanner imaging – Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on CT scanner imaging – Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on CT scanner imaging – Year-over-year growth 2022-2027 (%)
- 6.7 SPECT/ PET scanners – Market size and forecast 2022-2027
- Exhibit 50: Chart on SPECT/ PET scanners – Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on SPECT/ PET scanners – Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on SPECT/ PET scanners – Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on SPECT/ PET scanners – Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Product
- Exhibit 54: Market opportunity by Product ($ million)
- Exhibit 55: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 56: Chart on End-user – Market share 2022-2027 (%)
- Exhibit 57: Data Table on End-user – Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 58: Chart on Comparison by End-user
- Exhibit 59: Data Table on Comparison by End-user
- 7.3 Hospitals – Market size and forecast 2022-2027
- Exhibit 60: Chart on Hospitals – Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Hospitals – Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Hospitals – Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Hospitals – Year-over-year growth 2022-2027 (%)
- 7.4 Diagnostic centers – Market size and forecast 2022-2027
- Exhibit 64: Chart on Diagnostic centers – Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Diagnostic centers – Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Diagnostic centers – Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Diagnostic centers – Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by End-user
- Exhibit 68: Market opportunity by End-user ($ million)
- Exhibit 69: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 North America – Market size and forecast 2022-2027
- Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.4 Europe – Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.5 Asia – Market size and forecast 2022-2027
- Exhibit 83: Chart on Asia – Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Asia – Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Asia – Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Asia – Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) – Market size and forecast 2022-2027
- Exhibit 87: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
- 9.7 US – Market size and forecast 2022-2027
- Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.8 China – Market size and forecast 2022-2027
- Exhibit 95: Chart on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.9 Japan – Market size and forecast 2022-2027
- Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)
- 9.10 Germany – Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.11 UK – Market size and forecast 2022-2027
- Exhibit 107: Chart on UK – Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on UK – Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on UK – Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on UK – Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 AGITO Medical
- Exhibit 119: AGITO Medical – Overview
- Exhibit 120: AGITO Medical – Product / Service
- Exhibit 121: AGITO Medical – Key offerings
- 12.4 Avante Health Solutions
- Exhibit 122: Avante Health Solutions – Overview
- Exhibit 123: Avante Health Solutions – Product / Service
- Exhibit 124: Avante Health Solutions – Key offerings
- 12.5 Block Imaging Inc.
- Exhibit 125: Block Imaging Inc. – Overview
- Exhibit 126: Block Imaging Inc. – Product / Service
- Exhibit 127: Block Imaging Inc. – Key offerings
- 12.6 EverX Pty Ltd.
- Exhibit 128: EverX Pty Ltd. – Overview
- Exhibit 129: EverX Pty Ltd. – Product / Service
- Exhibit 130: EverX Pty Ltd. – Key offerings
- 12.7 GE Healthcare Technologies Inc.
- Exhibit 131: GE Healthcare Technologies Inc. – Overview
- Exhibit 132: GE Healthcare Technologies Inc. – Business segments
- Exhibit 133: GE Healthcare Technologies Inc. – Key offerings
- Exhibit 134: GE Healthcare Technologies Inc. – Segment focus
- 12.8 Hilditch Group Ltd
- Exhibit 135: Hilditch Group Ltd – Overview
- Exhibit 136: Hilditch Group Ltd – Product / Service
- Exhibit 137: Hilditch Group Ltd – Key offerings
- 12.9 Integrity Medical Systems Inc.
- Exhibit 138: Integrity Medical Systems Inc. – Overview
- Exhibit 139: Integrity Medical Systems Inc. – Product / Service
- Exhibit 140: Integrity Medical Systems Inc. – Key offerings
- 12.10 Koninklijke Philips NV
- Exhibit 141: Koninklijke Philips NV – Overview
- Exhibit 142: Koninklijke Philips NV – Business segments
- Exhibit 143: Koninklijke Philips NV – Key news
- Exhibit 144: Koninklijke Philips NV – Key offerings
- Exhibit 145: Koninklijke Philips NV – Segment focus
- 12.11 MASTER MEDICAL SYSTEMS PVT LTD
- Exhibit 146: MASTER MEDICAL SYSTEMS PVT LTD – Overview
- Exhibit 147: MASTER MEDICAL SYSTEMS PVT LTD – Product / Service
- Exhibit 148: MASTER MEDICAL SYSTEMS PVT LTD – Key offerings
- 12.12 Radiology Oncology Systems Inc.
- Exhibit 149: Radiology Oncology Systems Inc. – Overview
- Exhibit 150: Radiology Oncology Systems Inc. – Product / Service
- Exhibit 151: Radiology Oncology Systems Inc. – Key offerings
- 12.13 Siemens Healthineers AG
- Exhibit 152: Siemens Healthineers AG – Overview
- Exhibit 153: Siemens Healthineers AG – Business segments
- Exhibit 154: Siemens Healthineers AG – Key news
- Exhibit 155: Siemens Healthineers AG – Key offerings
- Exhibit 156: Siemens Healthineers AG – Segment focus
- 12.14 SOMA TECH INTL
- Exhibit 157: SOMA TECH INTL – Overview
- Exhibit 158: SOMA TECH INTL – Product / Service
- Exhibit 159: SOMA TECH INTL – Key offerings
- 12.15 Ultra Imaging Solutions LLC.
- Exhibit 160: Ultra Imaging Solutions LLC. – Overview
- Exhibit 161: Ultra Imaging Solutions LLC. – Product / Service
- Exhibit 162: Ultra Imaging Solutions LLC. – Key offerings
- 12.16 US Med Equip
- Exhibit 163: US Med Equip – Overview
- Exhibit 164: US Med Equip – Product / Service
- Exhibit 165: US Med Equip – Key offerings
- 12.17 WHITTEMORE ENTERPRISES INC.
- Exhibit 166: WHITTEMORE ENTERPRISES INC. – Overview
- Exhibit 167: WHITTEMORE ENTERPRISES INC. – Product / Service
- Exhibit 168: WHITTEMORE ENTERPRISES INC. – Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 169: Inclusions checklist
- Exhibit 170: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 171: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 172: Research methodology
- Exhibit 173: Validation techniques employed for market sizing
- Exhibit 174: Information sources
- 13.5 List of abbreviations
- Exhibit 175: List of abbreviations
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