PUBLISHER: Value Market Research | PRODUCT CODE: 1547857
PUBLISHER: Value Market Research | PRODUCT CODE: 1547857
The global demand for Refurbished Medical Imaging Device Market is presumed to reach the market size of nearly USD 14.48 Billion by 2032 from USD 5.65 Billion in 2023 with a CAGR of 11.02% under the study period 2024-2032.
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.
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 research 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 an inclusive assessment of each segment in the global market of Refurbished Medical Imaging Device. The growth and trends of Refurbished Medical Imaging Device industry provide a holistic approach to this study.
This section of the Refurbished Medical Imaging Device market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Refurbished Medical Imaging Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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, Siemens Healthineers, Koninklijke Philips N.V., Hitachi Healthcare Systems, Canon Medical Systems Corp., Agito Medical A/S, Block Imaging Inc., EverX Pty. Ltd., Radiology Oncology Systems Inc., Future Health Concepts. This section consists of 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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