The global demand for Refurbished Medical Imaging Device Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Units in 2021 and foreseen to touch XX Kilo Units by 2028 with a CAGR of XX% during 2022-2028.
Refurbished medical imaging devices are reclaimed systems brought to the same original specification by the OEM or by local refurbishers intended to restore the equipment to OEM standards of performance. During the refurbishment process, the equipment undergoes decontamination, replacement of worn parts, repair, rehabilitation, calibration, and other procedures necessary to return the system to original standards. The process involves similar quality checks and measures as that of new equipment.
Market Dynamics
The market has gained much attention in recent years. Budgetary constraints, coupled with rising electronics waste and shortage of raw material, drive the market's growth. Private companies are a significant consumer of these systems as private hospitals generally do not have a budget to buy new assets. The US and Europe make up a two-third share of the refurbished medical imaging equipment market. The overall market for reclaimed equipment is a lucrative one. However, in many countries refurbished systems, they still face the challenge of being accepted. In hospitals, second-hand systems are not allowed to be quoted for tenders. This has made their adoption very difficult in the public healthcare institutions who are the prime purchasers for medical equipment.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of refurbished medical imaging device.
Market Segmentation
The entire refurbished medical imaging device market has been sub-categorized into product. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product
- MRI
- CT Scanner
- Ultrasound
- X-Ray
- Mammography
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for refurbished medical imaging device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Refurbished Medical Imaging Device Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the refurbished medical imaging device market include GE Healthcare, Philips Healthcare, Toshiba Medical Systems, TeraRecon Inc., Shimadzu Corp., Carestream Health Inc., Hologic Inc., Hitachi Medical Corp., Medison America Inc., Siemens Healtcare. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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