Refurbished MRI Systems Market Size, Share, Trends, Industry Analysis Report: By Architecture, Field Strength, End Use, and Region

Description

List of Tables

The global refurbished MRI systems market size is expected to reach USD 1,352.69 Million by 2034, according to a new study by Polaris Market Research. The report "Refurbished MRI Systems Market Size, Share, Trends, Industry Analysis Report: By Architecture (Closed System and Open System), Field Strength, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The refurbished magnetic resonance imaging (MRI) systems market pertains to the sale and distribution of previously owned MRI machines that have been meticulously restored to a fully operational state through processes of inspection, repair, component replacement, software updates, and rigorous testing. These systems present a financially prudent option for healthcare providers seeking to acquire essential diagnostic imaging capabilities without incurring the substantial costs associated with brand-new equipment. The market encompasses a diverse range of MRI systems, varying in architecture (closed and open), field strength (low, mid, and high), and original manufacturers. The availability of refurbished MRI systems plays a crucial role in expanding access to advanced medical imaging, particularly for facilities with budget constraints or in regions with developing healthcare infrastructure.

The refurbished MRI systems market is influenced by a confluence of market dynamics. The economic advantages of refurbished systems serve as a primary market drive, attracting hospitals, imaging centers, and ambulatory surgical centers seeking cost-effective solutions. The increasing lifespan and technological advancements in MRI technology contribute to a steady supply of viable pre-owned units entering the market. Furthermore, the growing emphasis on sustainable practices within the healthcare sector is fostering a more positive market outlook for refurbished medical equipment. Factors such as the increasing demand for diagnostic imaging services globally, coupled with budgetary limitations in many healthcare systems, are significant market growth factors. Understanding these market insights is crucial for stakeholders navigating the market development and assessing the market potential of this evolving segment within the broader medical imaging industry.

Refurbished MRI Systems Market Report Highlights:

By architecture, the closed system segment currently holds the largest market share globally due to its established presence, wider range of clinical applications, and the resulting larger pool of pre-owned units available for refurbishment.

By field strength, the mid field strength segment presently commands the largest market share due to its versatility and cost-effectiveness, making it a popular choice for a broad range of clinical applications across various regions.

By end use, the hospitals segment currently accounts for the largest market share due to the substantial volume of diagnostic imaging procedures performed in these facilities and their continuous need for MRI systems.

By region, North America and Europe have historically been significant markets, characterized by well-established healthcare systems and a substantial installed base of MRI units, leading to a consistent supply of pre-owned systems. The Asia Pacific region is emerging as a high-growth market, driven by increasing healthcare expenditure, expanding access to medical services, and a growing awareness of advanced diagnostic imaging.

The prominent entities actively operating within the Refurbished MRI Systems Market include Philips Healthcare (Koninklijke Philips N.V.), Siemens Healthineers AG, GE HealthCare Technologies Inc., Canon Medical Systems Corporation (Canon Inc.), Hitachi Healthcare (Hitachi, Ltd.), Esaote S.p.A., Block Imaging International, Inc., Soma Technology, Inc., Atlantis Worldwide Corp., and DOTmed, Inc.

Polaris Market Research has segmented the Refurbished MRI Systems Market report based on architecture, field strength, end use, and region:

By Architecture Outlook (Revenue-USD Million, 2020-2034)

Closed System

Open System

By Field Strength Outlook (Revenue-USD Million, 2020-2034)

Low Field Strength

Mid Field Strength

High Field Strength

By End Use Outlook (Revenue-USD Million, 2020-2034)

Hospitals

Imaging Centers

Ambulatory Surgical Centers

Others

By Regional Outlook (Revenue-USD Million, 2020-2034)

North America

Canada

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Product Code: PM5645

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source

4. Global Refurbished MRI Systems Market Insights

4.1. Refurbished MRI Systems Market - Market Snapshot
4.2. Refurbished MRI Systems Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Cost-Effectiveness Driving Market Demand
  - 4.2.1.2. Increasing Technological Advancements and Upgradability
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Concerns about reliability and service support
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Refurbished MRI Systems Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Refurbished MRI Systems Market, by Architecture

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
5.3. Closed System
- 5.3.1. Global Refurbished MRI Systems Market, by Closed System, by Region, 2020-2034 (USD Million)
5.4. Open System
- 5.4.1. Global Refurbished MRI Systems Market, by Open System, by Region, 2020-2034 (USD Million)

6. Global Refurbished MRI Systems Market, by Field Strength

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
6.3. Low Field Strength
- 6.3.1. Global Refurbished MRI Systems Market, by Low Field Strength, by Region, 2020-2034 (USD Million)
6.4. Mid Field Strength
- 6.4.1. Global Refurbished MRI Systems Market, by Mid Field Strength, by Region, 2020-2034 (USD Million)
6.5. High Field Strength
- 6.5.1. Global Refurbished MRI Systems Market, by High Field Strength, by Region, 2020-2034 (USD Million)

7. Global Refurbished MRI Systems Market, by End Use

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
7.3. Hospitals
- 7.3.1. Global Refurbished MRI Systems Market, by Hospitals, by Region, 2020-2034 (USD Million)
7.4. Imaging Centers
- 7.4.1. Global Refurbished MRI Systems Market, by Imaging Centers, by Region, 2020-2034 (USD Million)
7.5. Ambulatory Surgical Centers
- 7.5.1. Global Refurbished MRI Systems Market, by Ambulatory Surgical Centers, by Region, 2020-2034 (USD Million)
7.6. Others
- 7.6.1. Global Refurbished MRI Systems Market, by Others, by Region, 2020-2034 (USD Million)

8. Global Refurbished MRI Systems Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Refurbished MRI Systems Market Assessment, By Geography, 2020-2034 (USD Million)
8.3. Refurbished MRI Systems Market - North America
- 8.3.1. North America: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
- 8.3.2. North America: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
- 8.3.3. North America: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.3.4. Refurbished MRI Systems Market - U.S.
  - 8.3.4.1. U.S.: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.3.4.2. U.S.: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.3.4.3. U.S.: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.3.5. Refurbished MRI Systems Market - Canada
  - 8.3.5.1. Canada: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.3.5.2. Canada: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.3.5.3. Canada: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
8.4. Refurbished MRI Systems Market - Europe
- 8.4.1. Europe: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
- 8.4.2. Europe: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
- 8.4.3. Europe: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.4. Refurbished MRI Systems Market - UK
  - 8.4.4.1. UK: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.4.2. UK: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.4.3. UK: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.5. Refurbished MRI Systems Market - France
  - 8.4.5.1. France: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.5.2. France: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.5.3. France: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.6. Refurbished MRI Systems Market - Germany
  - 8.4.6.1. Germany: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.6.2. Germany: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.6.3. Germany: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.7. Refurbished MRI Systems Market - Italy
  - 8.4.7.1. Italy: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.7.2. Italy: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.7.3. Italy: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.8. Refurbished MRI Systems Market - Spain
  - 8.4.8.1. Spain: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.8.2. Spain: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.8.3. Spain: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.9. Refurbished MRI Systems Market - Netherlands
  - 8.4.9.1. Netherlands: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.9.2. Netherlands: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.9.3. Netherlands: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.10. Refurbished MRI Systems Market - Russia
  - 8.4.10.1. Russia: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.10.2. Russia: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.10.3. Russia: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.4.11. Refurbished MRI Systems Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.4.11.2. Rest of Europe: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.4.11.3. Rest of Europe: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
8.5. Refurbished MRI Systems Market - Asia Pacific
- 8.5.1. Asia Pacific: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
- 8.5.2. Asia Pacific: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
- 8.5.3. Asia Pacific: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.4. Refurbished MRI Systems Market - China
  - 8.5.4.1. China: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.4.2. China: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.4.3. China: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.5. Refurbished MRI Systems Market - India
  - 8.5.5.1. India: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.5.2. India: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.5.3. India: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.6. Refurbished MRI Systems Market - Malaysia
  - 8.5.6.1. Malaysia: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.6.2. Malaysia: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.6.3. Malaysia: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.7. Refurbished MRI Systems Market - Japan
  - 8.5.7.1. Japan: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.7.2. Japan: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.7.3. Japan: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.8. Refurbished MRI Systems Market - Indonesia
  - 8.5.8.1. Indonesia: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.8.2. Indonesia: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.8.3. Indonesia: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.9. Refurbished MRI Systems Market - South Korea
  - 8.5.9.1. South Korea: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.9.2. South Korea: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.9.3. South Korea: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.10. Refurbished MRI Systems Market - Australia
  - 8.5.10.1. Australia: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.10.2. Australia: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.10.3. Australia: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.5.11. Refurbished MRI Systems Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.5.11.2. Rest of Asia Pacific: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.5.11.3. Rest of Asia Pacific: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
8.6. Refurbished MRI Systems Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
- 8.6.2. Middle East & Africa: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
- 8.6.3. Middle East & Africa: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.6.4. Refurbished MRI Systems Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.6.4.2. Saudi Arabia: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.6.4.3. Saudi Arabia: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.6.5. Refurbished MRI Systems Market - UAE
  - 8.6.5.1. UAE: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.6.5.2. UAE: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.6.5.3. UAE: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.6.6. Refurbished MRI Systems Market - Israel
  - 8.6.6.1. Israel: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.6.6.2. Israel: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.6.6.3. Israel: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.6.7. Refurbished MRI Systems Market - South Africa
  - 8.6.7.1. South Africa: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.6.7.2. South Africa: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.6.7.3. South Africa: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.6.8. Refurbished MRI Systems Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.6.8.2. Rest of Middle East & Africa: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.6.8.3. Rest of Middle East & Africa: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
8.7. Refurbished MRI Systems Market - Latin America
- 8.7.1. Latin America: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
- 8.7.2. Latin America: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
- 8.7.3. Latin America: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.7.4. Refurbished MRI Systems Market - Mexico
  - 8.7.4.1. Mexico: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.7.4.2. Mexico: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.7.4.3. Mexico: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.7.5. Refurbished MRI Systems Market - Brazil
  - 8.7.5.1. Brazil: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.7.5.2. Brazil: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.7.5.3. Brazil: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.7.6. Refurbished MRI Systems Market - Argentina
  - 8.7.6.1. Argentina: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.7.6.2. Argentina: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.7.6.3. Argentina: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)
- 8.7.7. Refurbished MRI Systems Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Refurbished MRI Systems Market, by Architecture, 2020-2034 (USD Million)
  - 8.7.7.2. Rest of Latin America: Refurbished MRI Systems Market, by Field Strength, 2020-2034 (USD Million)
  - 8.7.7.3. Rest of Latin America: Refurbished MRI Systems Market, by End Use, 2020-2034 (USD Million)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Atlantis Worldwide Corp.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Block Imaging International, Inc.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Canon Medical Systems Corporation (Canon Inc.)
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. DOTmed, Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Esaote S.p.A.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. GE HealthCare Technologies Inc.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Hitachi Healthcare (Hitachi, Ltd.)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Philips Healthcare (Koninklijke Philips N.V.)
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Siemens Healthineers AG
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Soma Technology, Inc.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development