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Refurbished Medical Imaging Devices Market Trends

Report ID: GMI8033
Published Date: Feb 2024
Report Format: PDF

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Refurbished Medical Imaging Devices Market Trends

With medical technology advances and the aging population, there is a growing demand for diagnostic imaging procedures. For instance, the World Health Organization (WHO) reports that the aging population is linked to a rise in chronic diseases. By 2050, the global population aged 60 years and above is expected to double, with the number of individuals aged 80 years or older projected to triple. This demographic change results in a higher prevalence of age-related conditions such as heart disease, diabetes, dementia, and arthritis. Thus, refurbished medical imaging devices address this increasing demand by offering affordable solutions that enhance access to essential healthcare services.

Furthermore, there is an increasing emphasis on sustainability and environmental responsibility across various industries, including healthcare.
The disposal of electronic waste (e-waste) generated by obsolete medical equipment poses significant environmental challenges. By opting for refurbished medical imaging devices, healthcare facilities can contribute to minimizing e-waste and promote sustainability by extending the lifespan of existing equipment through refurbishment and reuse.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for refurbished medical imaging devices was valued at around USD 5 billion in 2023 and is estimated to reach over USD 9.5 billion by 2032, as they offer a cost-effective alternative, enabling providers to obtain essential equipment at lower costs without sacrificing quality.

The nuclear imaging systems segment will record 8.1% CAGR from 2024 to 2032, attributed to advancements in technology, along with focus among healthcare settings to upgrade capabilities affordably with budget constraints as well as lifecycle management strategies.

North America refurbished medical imaging devices industry accounted for USD 2.3 billion in 2023 and is predicted to witness substantial growth through 2032 owing to the advanced healthcare infrastructure and technology adoption, stimulating the demand for upgraded imaging capabilities, especially amidst budget constraints.

Atlantis Worldwide, Avante Health Solutions, Canon Medical Systems Corporation, Carestream Health, EverX Pty Ltd, FUJIFILM Healthcare Corporation, GE Healthcare, Hitachi, Ltd, Hologic, Inc., Koninklijke Philips N.V., and Siemens Healthineers AG.