Refurbished Medical Imaging Devices Market Overview 2024: Size, Growth Drivers, and Major Segments
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What is the Expected Growth Rate of the Refurbished Medical Imaging Devices Market from 2024 to 2033?
The refurbished medical imaging devices market has experienced strong growth, expected to rise from $5.76 billion in 2023 to $6.34 billion in 2024, at a CAGR of 10%. Contributing factors include healthcare reimbursement policies, clinical needs, vendor support, emphasis on patient safety and quality of care, and vendor dynamics.
The refurbished medical imaging devices market is expected to grow significantly, reaching $9.33 billion by 2028 with a CAGR of 10.1%. This growth is driven by improvements in healthcare infrastructure, rising obsolescence of older equipment, increasing demand for diagnostic services, and replacement cycles. Major trends include enhanced connectivity, portable solutions, focus on cost-effectiveness, and compliance with quality standards.
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What Key Factors Are Fueling the Growth of the Refurbished Medical Imaging Devices Market?
The rising number of diagnostic imaging procedures is expected to drive the growth of the refurbished medical imaging device market. Diagnostic imaging encompasses various techniques for visualizing internal body structures. The trend toward preventive healthcare is increasing imaging procedures, enabling early condition detection. Refurbished imaging devices are commonly used for various diagnostic purposes. A report indicated that MRI units in Canada rose by 30.8% from 308 in 2021 to 403 in 2022. The average number of MRI scans per facility also increased from 4,703 to 5,178. Thus, the rising imaging procedures contribute to the growth of the refurbished medical imaging device market.
What Are the Major Segments of the Refurbished Medical Imaging Devices Market?
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
What New Trends Are Transforming the Refurbished Medical Imaging Devices Market?
In the refurbished medical imaging devices market, companies are forming strategic partnerships to boost their market presence. Collaborations between medical equipment suppliers and healthcare facilities facilitate the provision of refurbished imaging equipment. For example, in October 2023, AA Medical, a US provider, partnered with Tekyard, Zantek Medical, and MED-SELL.COM to enhance their offerings in healthcare asset management and the pre-owned medical device market.
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Which Regions Are Driving Growth 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.
The Refurbished Medical Imaging Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the refurbished medical imaging devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Refurbished Medical Imaging Devices Market Include
1. Refurbished Medical Imaging Devices Market Executive Summary
2. Refurbished Medical Imaging Devices Market Segments
3. Refurbished Medical Imaging Devices Market Size And Template Market Growth Rate
4. Key Refurbished Medical Imaging Devices Market Trends
5. Major Refurbished Medical Imaging Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Refurbished Medical Imaging Devices Market
26. Top Refurbished Medical Imaging Devices Companies
27. Refurbished Medical Imaging Devices Market Opportunities And Strategies
28. Refurbished Medical Imaging Devices Market, Conclusions And Recommendations
29. Appendix
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