Press release
Global Refurbished MRI Systems Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Refurbished MRI Systems Market Size
What Is the Refurbished MRI Systems Market Size and Projected Growth Rate?
The refurbished MRI systems market has increased significantly in recent years. It will grow from $0.77 billion in 2024 to $0.85 billion in 2025 at a CAGR of 10.7%. This growth results from budget constraints in healare, the need for affordable diagnostic tools, increased healare spending, a rise in chronic illnesses, and demand for advanced imaging systems.
The refurbished MRI systems market is expected to grow rapidly, reaching $1.27 billion by 2029 with a CAGR of 10.4%. This growth is due to the rising demand for affordable medical devices, greater healare awareness, the aging population, government healare initiatives, and efforts to enhance healare access. Trends include technological advancements in refurbishment, an increase in certified pre-owned MRI systems, independent refurbishing companies, sustainability practices, and the growth of online sales channels.
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What Are the Major Segments in the Refurbished MRI Systems Market?
The refurbished mri systems market covered in this report is segmented -
1) By Architecture: Closed System, Open System
2) By Field Strength: Low Field Strength, Mid Field Strength, High Field Strength
3) By End Use: Hospitals, Imaging Centers, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Closed System: Superconducting MRI Systems, Permanent Magnet MRI Systems, Resistive Magnet MRI Systems
2) By Open System: Open-High Field MRI Systems, Open-Low Field MRI Systems
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What Are The Driving Refurbished MRI Systems Market Evolution?
The growing need for healare services is expected to advance the refurbished MRI systems market. Factors such as aging populations and medical technology developments are boosting demand for cost-effective diagnostic tools like refurbished MRI machines. Health Affairs reported in June 2024 that U.S. healare spending is projected to grow from $4,799.3 billion in 2023 to $5,048.8 billion in 2024. This increase supports the expansion of the refurbished MRI systems market.
Which Firms Dominate The Refurbished MRI Systems Market Segments?
Major companies operating in the refurbished MRI systems market are Hitachi Ltd., Siemens Healthineers, Koninklijke Philips N.V., GE Healare, Hologic Inc., Canon Medical Systems Corporation, Shimadzu Corporation, Onex Corporation (Carestream Health), Cameco Corp., Barco N.V., First Source Inc., Oxford Instruments Healare, Esaote SpA, Nordion Inc., Block Imaging International Inc., Meridian Leasing, Radio Oncology Systems Inc., Soma Technology Inc., Amber Diagnostics, Innovative Imaging Technologies, Avante Health Solutions, Integrity Medical Systems Inc., LBN Medical, DirectMed Parts & Service LLC, EverX Pty Ltd., Atlantis Worldwide LLC, BMI Biomedical International, TRACO Medical, Tekyard Medical
What Trends Are Expected to Dominate the Refurbished MRI Systems Market in the Next 5 Years?
Leading companies in the refurbished MRI systems market are enhancing their focus on high-resolution imaging technologies, such as gradient technology, to stay competitive. In March 2024, Arnica HealthTech, an India-based MRI system provider, introduced the Avanto Refurbished Siemens MRI Machine. The machine features high-quality imaging capabilities, patient comfort features, and advanced technologies, such as Tim technology and Magnetom gradients.
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Which Is The Largest Region In The Refurbished MRI Systems Market?
North America was the largest region in the refurbished MRI systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refurbished MRI systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Refurbished MRI Systems Market?
2. What is the CAGR expected in the Refurbished MRI Systems Market?
3. What Are the Key Innovations Transforming the Refurbished MRI Systems Industry?
4. Which Region Is Leading the Refurbished MRI Systems Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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