Refurbished Medical Imaging Devices Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Refurbished Medical Imaging Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The refurbished medical imaging devices market size has grown strongly in recent years. It will grow from $5.76 billion in 2023 to $6.34 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to healthcare reimbursement policies, clinical needs and demands, vendor support, and services, patient safety and quality of care, and vendor dynamics and service quality.

The refurbished medical imaging devices market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to growing healthcare infrastructure, growing obsolescence, increasing demand for diagnostic services, demand for specialized imaging modalities and replacement cycles. Major trends in the forecast period include enhanced connectivity and interoperability, portable and point-of-care solutions, focus on cost-effectiveness and sustainability, upgradability and modularity, and compliance and quality assurance.

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Market Drivers and Trends:

The declining fertility rates are expected to propel the ovulation testing kits market going forward. Fertility rates refer to the number of live births in a population over a specific period, typically expressed as the number of births per 1,000 women of childbearing age (usually aged 15-49) in a year. The declining fertility rate is due to increased education and career opportunities for women, improved access to and use of contraceptives, delayed marriage and childbearing, and high costs of living. Ovulation testing kits serve as valuable tools for individuals or couples facing low fertility rates by offering a non-invasive and accessible method for optimizing the timing of intercourse and improving the chances of conception. For instance, in February 2024, according to the Office for National Statistics, a UK-based governmental organization, the total fertility rate (TFR) declined to 1.49 children per woman in 2022, compared to 1.55 children per woman in 2021. Therefore, the declining fertility rates are driving the growth of the ovulation testing kits market.

Major companies operating in refurbished medical imaging devices market are focused on forming strategic partnerships to gain a competitive edge in the market. Refurbished medical imaging device partnerships involve collaborations between medical equipment suppliers and healthcare facilities to provide refurbished imaging equipment. For instance, in October 2023, AA Medical, a US-based provider of sustainable solutions announced strategic partnerships with Tekyard, a US-based company specializing in used, refurbished technology and medical equipment, Zantek Medical, a US-based provider of refurbished and biomed-certified medical and MED-SELL.COM, a US-based company that buys and sells pre-owned medical equipment to enhance its capabilities in healthcare asset management, medical device reprocessing, and disposition. These alliances will expand AA Medical's product and service offerings globally, solidifying its position in the pre-owned medical device market. The partnerships will leverage the expertise of Tekyard's disposition solutions, Zantek's refurbished biomedical devices, and MED-SELL.COM's disposition services.

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Major Key Players of the Market:

Hitachi Ltd., Toshiba Medical Systems Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, General Electric Healthcare LLC, Hologic Inc., Carestream Health Inc., Canon Medical Systems Corporation, TTG Imaging Solutions Inc., Block Imaging International Inc., Avante Health Solutions LLC, Shared Imaging LLC, DRE Medical Inc, Dunlee, Soma Technology Inc., Amber Diagnostics Inc., Radiology Oncology Systems Inc., EverX Pty Ltd, Nationwide Imaging Services Inc., Atlantis Worldwide LLC, DirectMed Imaging, Integrity Medical Systems Inc.

Refurbished Medical Imaging Devices Market 2024 Key Insights:

• The refurbished medical imaging devices market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Increasing Number Of Diagnostic Imaging Procedures Driving The Growth Of The Refurbished Medical Imaging Device
• Strategic Partnerships Enhance Refurbished Medical Imaging Devices Market
• North America was the largest region in the refurbished medical imaging devices market in 2023

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