Refurbished Medical Imaging Devices Market, By Product (X-ray Machines, Magnetic Resonance Imaging Systems, Ultrasound Systems, Computed Tomography Scanners, Nuclear Imaging), End-use (Hospitals, Diagnostics Imaging Centers) & Forecast, 2024 - 2032

Refurbished Medical Imaging Devices Market size is poised to expand at over 7.5% CAGR between 2024 & 2032, propelled by the rapid evolution of healthcare technologies.

The ongoing emergence of new imaging technologies is spurring healthcare facilities to opt for cost-effective ways to upgrade their equipment. Several refurbished device companies are actively engaging in partnerships, collaborations, and strategic acquisitions to expand their product portfolios and technological capabilities. These efforts enable them to offer a wider range of refurbished imaging solutions for catering to the diverse needs of healthcare providers, further augmenting the industry outlook. For instance, in May 2023, Siemens Healthineers(R) and CommonSpirit Health(R) acquired Block Imaging(R), a global provider of refurbished medical imaging equipment and services. This new deal helped provide sustainable alternatives while meeting the growing need for multi-vendor imaging components and services from healthcare systems, hospitals, and other care facilities in the U.S.

The refurbished medical imaging devices industry is segmented into product, end-use, and region.

Based on product, the market size from the magnetic resonance imaging (MRI) systems segment is projected to witness 7.3% CAGR between 2024 and 2032 propelled by the increasing demand for cost-effective imaging solutions in healthcare facilities worldwide. Refurbished MRI systems offer advanced imaging capabilities at a fraction of the cost of new equipment, making them attractive to hospitals, clinics, and imaging centers seeking to upgrade without significant capital expenditure. Moreover, advancements in refurbishment technologies ensure that the MRI systems meet high-quality standards, further boosting their adoption.

In terms of end-use, the refurbished medical imaging devices industry from the diagnostics imaging centers segment generated substantial revenue in 2023 and is estimated to record 8% growth rate through 2032. These centers are increasingly adopting refurbished imaging equipment to enhance diagnostic capabilities while managing costs effectively. Refurbished devices offer a cost-efficient alternative to new equipment without compromising on performance or quality. The rising demand for diagnostic imaging services and the growing need for modernization in healthcare facilities is projected to propel the segment growth.

Regionally, the Asia Pacific refurbished medical imaging devices industry is set to exhibit 8% CAGR from 2024-2032 fueled by the increasing healthcare expenditure, rising demand for advanced medical equipment, and the need to address the healthcare infrastructure gap. Major APAC countries, such as China, India, and Japan are leading the market expansion, driven by their large patient population and efforts to improve healthcare access. Refurbished imaging devices have further emerged as a cost-effective solution for healthcare facilities in the region, allowing them to upgrade their equipment without hefty investments.