Comprehensive 2025 Refurbished MRI Systems Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Refurbished MRI Systems Market Through 2025?
The market size for refurbished MRI systems has rapidly expanded recently. It's projected to grow from $0.77 billion in 2024 to $0.85 billion in 2025, with an impressive compound annual growth rate (CAGR) of 10.7%. Factors that led to growth during the historic period include the necessity of cost-effective alternatives, constraints in healthcare funding, an escalation in total healthcare costs, an increase in chronic illnesses, and a heightened demand for high-tech diagnostic equipment.

What's the Projected Size of the Global Refurbished MRI Systems Market by 2029?
Anticipated to witness a significant increase in the coming years, the market size of refurbished MRI systems is projected to reach $1.27 billion in 2029 with a compound annual growth rate of 10.4%. Factors contributing to this growth during the forecast period include an increase in demand for cost-effective medical devices, greater understanding of health benefits, a growing aged population, government-driven healthcare improvement initiatives, and efforts towards broadening healthcare availability. Key trends predicted for this forecast period consist of technological progress in refurbishment techniques, burgeoning availability of accredited pre-owned MRI systems, growth of individual refurbishing firms, an amplified focus on sustainability and eco-friendly initiatives, alongside a rise in online sales channels and platforms.

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Top Growth Drivers in the Refurbished MRI Systems Industry: What's Accelerating the Market?
The surging need for healthcare solutions is anticipated to drive the growth of the refurbished MRI systems market in the future. Healthcare solutions comprise a spectrum of wellness and medical services, such as preventive, diagnostic, palliative, and therapeutic care, delivered to individuals aiming to sustain or enhance their health. The escalating need for healthcare services is due to several factors, like an aging demographic, the escalating occurrence of chronic illnesses, progress in medical technology, and expanded healthcare accessibility. Refurbished MRI systems contribute to satisfying the escalating need for healthcare services by offering budget-friendly, superior quality imaging solutions that augment diagnostic abilities and accessibility. For example, as per the US-based academic journal Health Affairs in June 2024, it is forecasted that the national health expenditure in the U.S. will surge from $4,799.3 billion in 2023 to $5,048.8 billion in 2024, reflecting a growth of about $249.5 billion. Hence, the escalating need for healthcare solutions is propelling the growth of the refurbished MRI systems market.

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What Trends Will Shape the Refurbished MRI Systems Market Through 2029 and Beyond?
In order to gain a competitive edge, dominant corporations in the refurbished MRI systems market are concentrating on the development of high-resolution imaging technologies, including gradient technology. The role of gradient technology in MRI is to generate controlled fluctuations in the magnetic field, thereby producing detailed imagery. For example, in March 2024, Arnica HealthTech, a company based in India specialising in MRI systems, launched the Avanto Refurbished Siemens MRI Machine, a cost-effective solution that provides superior medical imaging. With its exceptional image quality and patient-centric design, the Avanto model is equipped with Tim technology for rapid scans, Magnetom gradients for high-definition imaging and cutting-edge features like diffusion-weighted and perfusion imaging. It also puts patient comfort first, offering a broad bore, reductions in noise and mood lighting to create a more soothing environment.

What Are the Main 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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Which Top Companies are Driving Growth in the Refurbished MRI Systems Market?
Major companies operating in the refurbished MRI systems market are Hitachi Ltd., Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, Hologic Inc., Canon Medical Systems Corporation, Shimadzu Corporation, Onex Corporation (Carestream Health), Cameco Corp., Barco N.V., First Source Inc., Oxford Instruments Healthcare, 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

Which Regions Will Dominate the Refurbished MRI Systems Market Through 2029?
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.

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