2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Major Market Drivers Are Expected to Boost the Growth Potential of the Refurbished MRI Systems Market?

Increasing demand for healthcare services is driving growth in the refurbished MRI systems market. With a growing aging population, chronic disease prevalence, medical advancements, and broader healthcare access, the need for effective diagnostic tools has surged. Refurbished MRI systems meet this demand by offering cost-efficient, high-quality imaging. As per Health Affairs in June 2024, U.S. healthcare expenditure is projected to grow from $4,799.3 billion in 2023 to $5,048.8 billion in 2024, reflecting a $249.5 billion increase. This rising demand for healthcare is boosting the refurbished MRI systems market.

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#What Are the Key Projections for the CAGR of the Refurbished MRI Systems Market From 2025 to 2034?

The refurbished MRI systems market will grow from $0.77 billion in 2024 to $0.85 billion in 2025, with a CAGR of 10.7%. This growth is attributed to the need for cost-effective solutions, healthcare budget limitations, increased healthcare spending, the rise of chronic diseases, and the demand for advanced diagnostic tools.

The refurbished MRI systems market is expected to reach $1.27 billion by 2029 at a CAGR of 10.4%. Growth is driven by the demand for affordable medical devices, aging population, government healthcare initiatives, and better access to healthcare. Trends include advancements in refurbishment processes, certified pre-owned MRI availability, and sustainability efforts.

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What Are the Key Market Innovations in theRefurbished MRI Systems Market Over the Coming Years?

Major companies in the refurbished MRI systems market are focusing on high-resolution imaging technologies, such as gradient technology, to improve MRI quality. In March 2024, Arnica HealthTech introduced the Avanto Refurbished Siemens MRI Machine, offering advanced imaging and enhanced patient comfort.

Who Are the Top Companies Driving Innovation and Growth in theRefurbished 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

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Which Key Market Segments Comprise the Refurbished MRI Systems Market and Drive Its Revenue Growth?

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 Regions Are Emerging as Leaders 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.

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