Connect with us

Hi, what are you looking for?

Refurbished Medical Imaging Equipment Market will Grow at a Lucrative CAGR of 5.4% through 2018-2026

The vendor landscape of the global market for refurbished medical imaging equipment features a largely concentrated nature in established regional markets such as Europe and North America, with companies increasingly focusing on expansion in untapped regional markets for better growth prospects, observes Transparency Market Research in a recent report.

Read Report Overview –

As such, focus on strategic alliances with domestic medical device companies has significantly increased. Companies are also ploughing more funds into activities aimed at improving their repair facilities and expanding their operations to be able to process larger volumes in face of increased demand.

Some of the leading vendors operating in the global refurbished or remanufactured medical equipment market are Koninklijke Philips N.V., GE Healthcare, Atlantis Worldwide LLC., Siemens Healthineers AG, Canon Medical Systems Corporation, and Fujifilm Holding Corporation.

Request Brochure of Report –

According to the report, the market is expected to register a promising 5.4% CAGR over the period between 2018 and 2026, rising from a valuation of US$ 903.2 mn in 2017 to a revenue opportunity of US$1,443.3 mn by 2026. Geographically, the market in North America is presently the leading revenue contributor to the global market, thanks to the high concentration of several leading players and the vast rise in R&D activities concerned with refurbishment practices for medical devices. In terms of end-user, the segment of hospitals continues to account for a dominant share in the market.

Demand for Refurbished Medical Equipment Remains High in Emerging Economies

Refurbishment is a highly organized practice for inspecting the efficacy and safety of a used equipment so that all safety parameters are met before the equipment can be reused, without changing its use as per original registration. For an equipment to be qualified as refurbished or remanufactured, its life of operation also plays a vital role. The high demand of refurbished medical imaging equipment in developed as well as emerging economies like Brazil, China, and India is a prime driver of the global refurbished medical equipment market.

Request for Custom Research –

The report states that the global demand for refurbished medical equipment has seen a significant rise in the past few years along with a strong growth in the demand for new medical equipment. Until only a decade ago, refurbished medical equipment were mostly exported to developing countries, through suppliers who were not professionally well trained. These factors hindered the overall growth of the global refurbished medical equipment market.

Rising Geriatric Population to Drive Demand

Nevertheless, cost containment in healthcare budgets in developed countries like the U.S. and many countries in Europe owing to sluggish growth of economies has triggered the demand for refurbished medical equipment in these regions in the past few years. There has also been a surge in the number of trained professionals in this field, benefitting the global refurbished medical equipment significantly.

Buy Refurbished Medical Imaging Equipment Market Report at

Besides cost-related factors, the rapidly expanding global population of geriatrics is also a key factor driving an increased demand for refurbished medical equipment to supplement the increased number of surgical procedures. The number of private healthcare institutions has also increased across the globe, adding significantly to the overall demand for a variety of new as well as refurbished medical equipment. Some of the key restraining factors for the market are no support from government bodies, inefficient policies regarding reimbursement, and strong regulatory policies.

More Trending Reports by Transparency Market Research –

Dental Imaging Market:

Dermal Fillers Market:

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact Us

Mr. Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]

You may also like:


Fanaticism is now a flavor of America. You gotta be rabid, doesn't matter who or what is the subject.


Soldiers of the Kraken Ukrainian special forces unit talk to a man at a destroyed bridge on the road near the village of Rus'ka...


The bulk of the thousands of Russian soldiers killed in Moscow's onslaught against Ukraine are very young and are from ethnic minority groups.


A day after Finland, Sweden announces it too will apply for NATO membership in light of Russia's invasion of Ukraine.