Refurbished MRI Systems Market Size - By System Type, By Field Strength, By End Use, Forecast, 2025 - 2034

Refurbished MRI Systems Market Size

The global refurbished MRI systems market size was valued at USD 824.5 million in 2024 and is projected to exhibit 5.1% CAGR from 2025 to 2034. New MRI machines range from USD 1 million to USD 3 million and remain unattainable technologies in many small and mid-sized healthcare organizations.
 

The World Health Organization (WHO) states that roughly 2/3 of the world's population does not have access to essential medical imaging. Refurbished systems are a replicated and cost-effective option still meeting performance specifications in driven and affordable markets without funding related to new technologies. This inequitable access gap provides an essential argument for the importance of refurbished MRI systems increasing diagnostic access.
 

Low- and middle-income countries are attempting to increase healthcare access as the burden of non-communicable diseases rises. According to the WHO, non-communicable disease deaths account for 41 million annually, 77% of deaths in low- and middle-income countries. Budget limitations compel developing countries to invest in new imaging technology. Refurbished MRI allow for increased access to advanced diagnostics where the initial capital expenditure is quite small. As a result, refurbished MRI systems play a very important role to close the diagnostic gap when resources are limited.
 

The healthcare sector has started taking on sustainable practices. According to the E-Waste Monitor, we are currently on pace to generate a total of 82 million metric tonnes of e-waste by 2030, after increasing by a yearly average of 2.6 million metric tonnes. The e-waste from medical equipment contributes real consequences to the healthcare sector with some being significant producers of e-waste.
 

A refurbished MRI system brings a significant opportunity to introduce circular economy thinking into the healthcare space via both mitigating electronics waste and providing the equipment with additional life. Refurbished MRI systems can help healthcare institutions contribute to reducing their carbon footprint and lower the life-cycle ownership costs. Contributing to a reduced environmental footprint through the refurbishment of medical equipment supports global sustainability culture.
 

Refurbished MRI Systems Market Trends

• Manufacturers and refurbishers are outfitting older MRI systems with new hardware and software including coils and improved imaging sequences on same level of function with a new MRI machine offering lower cost.
   
• The World Health Organization's (WHO) Global Health Observatory data indicates that globally there are 2.9 MRI units per million population, indicating the need for viable alternatives to imaging using cost-effective solutions providing diagnostic capabilities is a critical need. This upgrade trend allows healthcare facilities to increase options for diagnostics while evaluating costs.
   
• Alongside this trend, the shift towards personalized treatment plans, calls for precision imaging technologies such as MRI. Refurbished MRI systems enable healthcare facilities to take an economic approach to develop patient-specific diagnostics while promote the broader use of personalized medicine.
   
• Countries in Asia, Latin America, and Africa, are developing their healthcare infrastructures to improve a rising demand of medical needs. A refurbished MRI system is a less expensive and dependable way to achieve additional diagnostics in these developing countries to narrow the global healthcare access divide.
   

Refurbished MRI Systems Market Analysis

Based on system type, the refurbished MRI systems market is bifurcated into closed MRI systems and open MRI systems. The closed MRI systems segment dominated the market with the largest revenue share of 66.2% in 2024.
 

• Refurbished closed MRI systems give hospitals and diagnostic centers a cost-effective alternative to brand-new equipment. The World Health Organization (WHO) estimates that two-thirds of the world still doesn't have access to MRI scanners.
   
• Refurbished closed MRI systems provide imaging quality equivalent to a new system for a much cheaper price, and with the more robust imaging capability of closed systems, it makes advanced fully-diagnostic technology available to bring MRI access to more people. The reduced costs are a step towards bridging the wealth gap in advanced healthcare technology between developed and under-developed regions.
   
• Closed MRI systems offer better resolution quality and can access higher magnetic field strengths than open systems, which can restrict image resolution in diagnostic assessment of neurology, orthopedics, oncology. The U.S. Food and Drug Administration (FDA) notes that closed MRI systems are far superior to open MRI systems at finding small lesions and anatomical details that may not be seen using open MRI systems.
   
• Refurbished closed MRI systems give healthcare facilities a chance to afford these diagnostic capabilities, which can not only help increase accuracy in diagnostics, but also help increase patient outcomes.
   
• Therefore, the aforementioned factors are expected to significantly boost segment growth over the forecast period.
   

Based on field strength, the refurbished MRI systems market is segmented into low-field MRI systems, mid-field MRI systems, and high-field MRI systems. The mid-field MRI systems segment dominated the market with the largest revenue of USD 455.4 million in 2024.
 

• 1.5T MRI scanners continue to be the standard for various diagnostic procedures. Hospitals and imaging centers want to provide the full continuum of care for their patient's health without expense chargers, will routinely purchase refurbished, mid-field systems, knowing that they are providing access to equitable diagnostic imaging care across their healthcare networks.
   
• While mid-field MRI systems at 1.5T generate high image quality and diagnostics across a wide range of clinical applications; according to the National Institutes of Health (NIH), about 70% of MRI systems worldwide are 1.5T. Refurbished systems allow healthcare facilities to purchase systems at a more affordable cost than selling them as new, allowing for greater access to much needed diagnostic imaging care.
   
• Hence, the aforementioned factors are expected to boost segment growth over the forecast period.
   

Based on end use, the refurbished MRI systems market is segmented into hospitals, ambulatory surgical centers, diagnostic imaging centers, and research institutes and academic centers. The hospitals segment dominated the market with a share of 42.7% in 2024.
 

• Budget limitations hinder many hospitals--especially small, community hospitals. Refurbished MRI systems allow hospitals to obtain a new imaging system at a lower cost than a brand new machine, which can help them be more resourceful.
   
• Additionally, as the incidence of chronic disease and complex conditions increases, hospitals are more reliant than ever on dependable MRI systems to support accurate diagnostic services. Refurbished MRI systems are a cost-effective option that allows hospitals to add imaging systems in response to increasing patient demand.
   
• Hospitals must have dependable access to their imaging systems to maintain services. Delivery timeframes for refurbished MRI systems are typically much shorter than for a new machine, allowing hospitals the ability to replace an existing outdated or malfunctioning MRI system and keep up with patient demand.
   
• Therefore, the aforementioned factors are expected to significantly boost segment growth over the forecast period.
   

The North America refurbished MRI systems market was valued at USD 368.6 million in 2024 and is expected to grow at a CAGR of 5% over the forecast period. The market is driven by the increasing incidence of chronic diseases across the region.
 

The U.S. refurbished MRI systems market is projected to grow significantly from USD 332.6 million in 2024 to USD 538.2 billion by 2034.
 

• Due to the high capital costs of acquiring new MRI systems, along with the rising costs of healthcare, U.S. hospitals and diagnostic centers are increasingly purchasing refurbished MRI systems. As used systems are often much less in comparison to other systems that are newer, refurbished systems present an affordable alternative, while still having quality diagnostic capabilities, and thus means of financial control of capital resources by healthcare facilities that are increasingly constrained. 
   
• The growth of elderly population in the U.S. is now resulting in more incidences of chronic conditions, such as cancer, neurological conditions, along with cardiovascular disease. The U.S. Census Bureau estimates that by 2030, all baby boomers will be older than 65, meaning the older population will increase to 73 million. The CDC report from 2014 shows that about 85 percent of older adults have at least one chronic health condition, and about 60 percent of older adults have at least two chronic conditions.
   
• Increasing elderly demographics indicate increasing requirements for MRI diagnostics, directly translating into an increase in refurbishment of MRI systems, especially in regions of older populations, along with investments in healthcare infrastructures.
   
• Therefore, the aforementioned factors are expected to significantly boost regional growth over the forecast period.
   

Europe refurbished MRI systems market was valued at USD 207.8 million in 2024 and is expected to grow at a CAGR of 4.8% over the forecast period.
 

• Healthcare systems in Europe, specifically in the public realm, are under financial restrictions and have seen significant budget cuts. Reconditioned MRI systems are an ideal solution for hospitals to be able to continue their radiological services and diagnose patients within a financial framework.
   
• Europe's growing elderly population has also increased the incidence of long-term chronic illness, including cancer, stroke and neurodegenerative illness. This changing demographic has resulted in the greater need for MRI imaging, and reconditioned MRI systems offers a budget-friendly option across healthcare facilities.
   
• The growth of private healthcare providers and independent diagnostic imaging centers in Europe has increased the demand for an affordable MRI machine. Reconditioned MRI systems can allow independent diagnostic imaging centers to broaden their diagnostic services to their patients without high capital costs.
   

The refurbished MRI systems market in UK is expected to experience significant and promising growth from 2025 to 2034.
 

• The demand for MRI imaging in the UK continues to increase due to the rising incidence of chronic disease such as cancer, neurological disorders, and cardiovascular diseases. For example, Cancer Research UK has estimated that the UK diagnoses over 385,000 new cases of cancer each year, demonstrating the clinical need for additional imaging capacity.
   
• Healthcare providers can meet this excess demand for diagnostics by utilizing refurbished MRI scanners, which are often more affordable, and become widely available to all patients throughout the NHS and UK national healthcare framework.
   
• Additionally, due to budget restrictions, the NHS has seen an increase in the adoption of refurbished MRI scanners. These systems allow NHS trusts to replace existing relic MRI scanners directly, therefore protecting the patient's access to MRI.
   
• These systems often also give NHS healthcare practices the ability to enhance MRI Capabilities across the region while managing financial constraints, allowing for much-needed improvement of resources across related health facilities.
   
• Hence, the above-mentioned factors are propelling the market growth in the region.
   

The Asia Pacific refurbished MRI systems market is expected to grow at the fastest CAGR of 5.8% over the forecast period.
 

• Investing in healthcare infrastructure development is a priority in Asia Pacific for several countries, especially in India, Indonesia, and Vietnam. Refurbished MRI machines are a low-cost imaging option to support countries in expanding their diagnostic capacity, which increases access to healthcare services and aligns with the shift towards value-based healthcare solutions around the world, including developing Asia.
   
• Furthermore, chronic diseases such as diabetes, cardiovascular disease, and cancer are on the rise in Asia Pacific, resulting in an increased need for diagnostic imaging such as MRI. The WHO estimates that chronic disease represents 71% of all global deaths and that the Western Pacific region has experienced a 23% rise in chronic disease cases since 2020.
   
• Refurbished MRI machines may represent a low-cost way to increase access to meet the burgeoning clinical demand, while still providing advanced high-quality diagnostics in healthcare institutions that otherwise would have limited access to equipment and resources.
   

Japan refurbished MRI systems market is anticipated to witness lucrative growth between 2025 – 2034.
 

• Japan's aging population has increased the prevalence of chronic and age-related diseases, including cancer, stroke, and neurodegenerative disorders. According to the World Health Organization (WHO), Japan has the highest proportion of elderly citizens globally, with 28.7% of the population aged 65 years or older in 2020.
   
• The Ministry of Health, Labour and Welfare of Japan reports that cancer remains the leading cause of death, accounting for 27% of all deaths in 2021. This demographic shift and disease burden intensify the demand for high-quality MRI imaging to support accurate diagnosis and treatment planning.
   
• Additionally, the Japanese healthcare system faces pressure to control rising medical costs. Refurbished MRI systems provide hospitals and clinics with a cost-effective alternative to new equipment, allowing healthcare facilities to maintain access to essential imaging technologies while managing their budgets.
   
• Therefore, the aforementioned factors are expected to significantly boost regional growth over the forecast period.
   

Brazil refurbished MRI systems market is anticipated to witness lucrative growth between 2025 – 2034.
 

• The rise in chronic diseases, including cardiovascular disease, cancer, neurological disease in Brazil, is increasing the demand for MRI diagnostics across the country.  According to the Pan American Health Organization (PAHO), chronic diseases are the leading cause of death in Brazil; in 2022, chronic diseases accounted for 74% of all deaths, whereas cardiovascular diseases accounted for 28%, the largest portion.
   
• Therefore, healthcare providers have an opportunity to meet their diagnostic needs in an affordable way through refurbished systems while increasing access to an important diagnostic service in Brazil's highly diverse health sector.
   
• Brazil is investing in healthcare infrastructure development to achieve the diagnostic needs of its large population. Refurbished systems can offer a cost-effective way for hospitals and clinics to offer imaging services in public and private facilities. Refurbished systems can help enhance the delivery of care in Brazil by addressing the healthcare infrastructure gap.
   
• Therefore, the aforementioned factors are expected to significantly boost regional growth over the forecast period.
   

Middle East and Africa: The Saudi Arabia refurbished MRI systems market is expected to experience significant and promising growth from 2025 to 2034.
 

• The increasing importance of diabetes, cardiovascular diseases and obesity in Saudi Arabia will require advanced diagnostic systems, such as MRI, in the future. The International Diabetes Federation has reported that the diabetes prevalence in Saudi Arabia reached 17.7% in 2021, whereas cardiovascular diseases represented 37% of all deaths.
   
• Refurbished MRI systems also provide healthcare facilities with greater access to better quality imaging systems for early diagnosis and treatment at an affordable price. This greater access will enable healthcare facilities to manage the rising burden of chronic diseases by more timely detection and treatment interventions.
   
• Vision 2030 developed by the Government of Saudi Arabia continues to invest in the modernization of Saudi healthcare infrastructure. Refurbished MRI systems allowed hospitals and clinics the opportunity to invest in high-quality imaging systems while balancing costs associated with meeting and managing the demands of growing health care system within the kingdom.
   
• Therefore, the aforementioned factors are expected to significantly boost market growth in the region over the forecast period.
   

Refurbished MRI Systems Market Share

The refurbished MRI systems industry has a dynamic mix of international and domestic players providing innovative solutions to meet the growing demand for advanced products for the growing patient population. Companies such as Siemens Healthineers, GE HealthCare, Koninklijke Philips, Canon Medical Systems, and DirectMed Imaging are some of the dominant competitors in the market accounting for a combined market share of approximately 65%. Competition in this area arises from continuous technological developments and the ability to offer customized solutions.
 

In developing nations, due to the priority given to cost, multinational companies are squeezed to offer refurbished MRI systems that are both affordable and of quality. Domestic manufacturers take advantage of this demand by providing cost effective alternatives, which make multinationals alter their price strategy while maintaining the safety, ruggedness, and regulatory acceptability of the products.
 

Refurbished MRI Systems Market Companies

Some of the eminent market participants operating in the Refurbished MRI systems industry include:

• Aegys
• Amber Diagnostics
• Avante Health Solutions
• Block Imaging
• Canon Medical Systems
• DirectMed Imaging
• Fujifilm Healthcare
• GE HealthCare
• Integrity Medical Systems
• Koninklijke Philips
• LBN Medical
• MedScanner
• Providian Medical
• Siemens Healthineers
• SOMA Technology
   
• Siemens Healthineers stands at the forefront of the refurbished MRI system market thanks to its OEM-certified refurbishment program. OEM certification means that Siemens refurbished systems operate at original standards of performance, including a longer warranty, software updates, and full regulatory compliance. Their service network includes 24/7 technical support, on-site service, and AI-enabled predictive service by minimizing downtime.
   
•   GE HealthCare’s “Gold Seal” program is unique in that it performs a complete hardware overhaul, replaces coils with newer technology, and tests the software to ensure FDA clearance. This program ensures that refurbished MRI systems can achieve near-new quality and performance—examples of refurbished 3T and 1.5T MRI systems claims the latest advancements that improve clinical workflows and the use of AI that can (in real time) assist/refine image reconstruction with the AIR Recon DL product.
   
• Philips Healthcare is unique in that it is committed to offering refurbished MRIs for patients that require additional comfort, especially open-bore or wide-bore MRI systems, that incorporates image quality equal to traditional imaging systems. Philips comprehensive, global service includes offering vehicles that can refurbish not only Philips’ MRI systems, but also other OEMs too, with cloud-based analytics, AI-supported maintenance, and tailored improvements, as part of their MultiVendor Services (MVS) program.
   

The refurbished MRI systems market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:

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Market, By System Type

• Closed MRI systems
• Open MRI systems

Market, By Field Strength

• Low-field MRI systems
• Mid-field MRI systems
• High-field MRI systems

Market, By End Use

• Hospitals
• Ambulatory surgical centers
• Diagnostic imaging centers
• Research institutes and academic centers

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific 
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa 
  • South Africa
  • Saudi Arabia
  • UAE