Emerging Refurbished Medical Imaging Devices Market Trend 2025-2034: Strategic Partnerships Enhance Refurbished Medical Imaging Devices Market

How Is the Refurbished Medical Imaging Devices Market Projected to Grow, and What Is Its Market Size?
The market size for refurbished medical imaging devices has seen a swift expansion in recent years. The market's value is projected to increase from $6.34 billion in 2024 to $7 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. Factors leading to this growth during the historical period include health insurance reimbursement strategies, clinical necessities and requests, provider support and services, patient safety and quality of care, as well as vendor dynamics and service quality.

We anticipate the market size of refurbished medical imaging devices to experience swift expansion in the upcoming years. The growth projection is pegged at a compound annual growth rate (CAGR) of 10.0% to reach $10.25 billion by 2029. Factors contributing to this potential growth include improvement in healthcare infrastructures, escalating obsolescence, the surge in demand for diagnostic services, requirement for specific imaging modalities, and equipment replacement cycles. The forecast period will also witness key trends, including improved connectivity and interoperability, portable and point-of-care solutions, a focus on cost-effectiveness and maintainability, emphasis on upgradability and modularity, as well as compliance and quality assurance.

What Are the Main Catalysts for Growth in the Refurbished Medical Imaging Devices Market?
The growth of the refurbished medical imaging device market is anticipated to be driven by the escalating count of diagnostic imaging procedures. These procedures encompass numerous medical strategies utilized for examining the inside of the body for diagnostic objectives. With people increasingly adopting preventative healthcare methods, there has been a surge in diagnostic imaging procedures, which aid in the early recognition and treatment of health issues. Refurbished medical apparatus is widely utilized in various diagnostic situations, such as fracture detection, chest examinations for lung-related problems, and abdomen assessments for irregularities. A report issued by the Canadian Agency for Drugs and Technologies in Health-a professional non-profit organization based in Canada-in December 2023 suggested a substantial 30.8% jump in the availability of magnetic resonance imaging (MRI) units across all provinces and one territory, with the count surging from 308 units in 2021 to 403 units in 2022. Furthermore, survey findings from the Canadian Agency for Drugs and Technologies in Health, a governmental department in Canada, conducted on 56 privately functioned imaging facilities revealed that the average count of MRI scans-pertaining to types of diagnostic imaging procedures-at a lone privately run facility in Canada was 4,703 with figures ranging from 531 to 12,194 in 2021 to 2022. This rose to 5,178 with a range of 569 to 12,389 scans. As such, the burgeoning number of diagnostic imaging procedures is fueling the expansion of the refurbished medical imaging device market.

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Who Are the Major Industry Players Fueling Refurbished Medical Imaging Devices Market Expansion?
Major companies operating in the refurbished medical imaging devices market are 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.

Which Key Developments Are Influencing the Refurbished Medical Imaging Devices Market?
Leading firms in the refurbished medical imaging devices market are strategically partnering to gain an upper hand in the competitive landscape. These alliances in the refurbished medical imaging device sector are formed between suppliers of medical equipment and healthcare establishments to deliver reconditioned imaging equipment. For instance, in October 2023, AA Medical, a company from the USA that offers sustainable solutions, declared strategic collaborations with Tekyard, a American company expert in repurposed technology and medical equipment; Zantek Medical, a US-based supplier of refurbished and biomed-certified medical; and MED-SELL.COM, a US-based firm trading in pre-owned medical equipment. The aim of these collaborations is to bolster their capabilities in healthcare asset management, medical device reprocessing, and disposition. Such unions will enhance AA Medical's product range and service offerings at a global level, further strengthening its standing in the used medical device market. The partnerships will take advantage of Tekyard's disposition solutions, Zantek's refurbished biomedical devices, and the disposition services of MED-SELL.COM.

How Is the Segmentation of the Refurbished Medical Imaging Devices Market Defined?
The refurbished medical imaging devices market covered in this report is segmented -

1) By Product: X-Ray Machines, Magnetic Resonance Imaging (MRI) Systems, Ultrasound Systems, Computed Tomography Scanners, Nuclear Imaging Systems, Other Products
2) By Application: Diagnostic, Therapeutic
3) By End Users: Hospitals, Clinics, Diagnostic Centers, Other End Users

Subsegments:
1) By X-Ray Machines: Analog X-Ray Machines, Digital X-Ray Machines
2) By Magnetic Resonance Imaging (MRI) Systems: Closed MRI Systems, Open MRI Systems
3) By Ultrasound Systems: Portable Ultrasound Systems, Cart-Based Ultrasound Systems
4) By Computed Tomography Scanners: Single Slice CT Scanners, Multi-Slice CT Scanners
5) By Nuclear Imaging Systems: PET Scanners, SPECT Scanners
6) By Other Products: Mammography Machines, C-Arms

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What Is the Leading Region in the Refurbished Medical Imaging Devices Market?
North America was the largest region in the refurbished medical imaging devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refurbished medical imaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Refurbished Medical Imaging Devices Global Market Report?

- Market Size Analysis: Analyze the Refurbished Medical Imaging Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Refurbished Medical Imaging Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Refurbished Medical Imaging Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Refurbished Medical Imaging Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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