Comprehensive 2025 Refurbished Medical Imaging Devices Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Refurbished Medical Imaging Devices Market Through 2025?
The market for refurbished medical imaging devices has seen substantial growth in the past few years. The market size, which stood at $6.34 billion in 2024, is expected to increase to $6.93 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.4%. This historical growth can be tied to factors such as healare reimbursement policies, clinical necessities and requests, support and services from vendors, patient safety and quality of care, along with vendor dynamics and service quality.

What's the Projected Size of the Global Refurbished Medical Imaging Devices Market by 2029?
The market for refurbished medical imaging devices is projected to experience substantial expansion in the upcoming years, growing to a size of $10.01 billion in 2029, with an anticipated compound annual growth rate (CAGR) of 9.6%. Factors influencing the growth during the projection period include the expansion of healare facilities, increasing device obsolescence, rising demand for diagnostic procedures, need for specific imaging modules, and device replacement cycles. Key trends expected during this period consist of improved compatibility and interconnectivity, portable and onsite solutions, emphasis on cost-efficiency and sustainable practices, upgradeability and modularity, as well as compliance and quality assurance.

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Top Growth Drivers in the Refurbished Medical Imaging Devices Industry: What's Accelerating the Market?
The refurbished medical imaging device market is predicted to expand, propelled by the rise in diagnostic imaging procedures. These procedures, which allow medical professionals to view the body's internal structures for diagnosis purposes, are seeing an uptake due to growing emphasis on preventive healare. This trend enables the early identification and treatment of medical conditions. Refurbished medical equipment is regularly used in different diagnostic contexts, such as detecting fractures, lung conditions check-ups, and evaluating abdominal irregularities. A report by the Canada-based non-profit organization, the Canadian Agency for Drugs and Technologies in Health, revealed in December 2023, that there was a significant 30.8% growth in the number of magnetic resonance imaging (MRI) units across all provinces and one territory, going up from 308 units in 2021 to 403 units in 2022. Furthermore, a survey by the same agency showed that the average number of MRI scans, a kind of diagnostic imaging procedure, performed at one private facility in Canada, was 4,703, with a range between 531 and 12,194 in 2021 to 2022. This figure increased to 5,178, stretching from 569 to 12,389 scans. Thus, the proliferation of diagnostic imaging procedures is stimulating the refurbished medical imaging device market's growth.

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What Are the Key Trends Driving Refurbished Medical Imaging Devices Market Growth?
Dominant organizations in the refurbished medical imaging devices market are concentrating on establishing strategic alliances to maintain a competitive stance in the market. These alliances in the field of refurbished medical imaging devices involve cooperation between suppliers of medical equipment and healare establishments to offer renovated imaging equipment. For example, in October 2023, AA Medical, an American firm focused on sustainable solutions, announced strategic alliances with Tekyard, an American company that specializes in pre-owned, revamped technology and medical apparatus, Zantek Medical, an American provider of renovated and biomed-certified medical, and MED-SELL.COM, an American organization that purchases and sells second-hand medical equipment. These partnerships are intended to strengthen AA Medical's capabilities in the management of healare assets, processing of medical devices, and their disposition. Moreover, these alliances aim to extend AA Medical's products and service offerings worldwide, consolidating its standing in the market of pre-owned medical devices. Tekyard's disposition solutions, Zantek's renovated biomedical devices, and MED-SELL.COM's disposition services will provide the expertise needed for these partnerships.

What Are the Main Segments in the Refurbished Medical Imaging Devices Market?
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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Which Top Companies are Driving Growth in the Refurbished Medical Imaging Devices Market?
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 Healare 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 Regions Will Dominate the Refurbished Medical Imaging Devices Market Through 2029?
North America was the largest region in the refurbished medical imaging devices market in 2024. 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.

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