Market Overview:
The global remanufactured medical imaging device market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for refurbished medical imaging devices due to their low cost and high efficiency as compared to new devices. In addition, the growing geriatric population and rising prevalence of chronic diseases are also contributing towards the growth of this market. On the basis of type, the global remanufactured medical imaging device market is segmented into X-ray system, ultrasound system, CT system, MRI system and others. The X-ray systems segment is expected to account for a major share in terms of revenue in 2018 owing to its high usage rates across hospitals and clinics worldwide. On the basis of application, hospitals are estimated to account for a majority share in terms of revenue in 2018 followed by clinics and others segments respectively.
Product Definition:
A remanufactured medical imaging device is a medical imaging device that has been used and then refurbished for reuse. This can include replacing parts, cleaning, and testing the device to ensure that it is functioning properly. The importance of remanufactured medical imaging devices lies in their ability to provide quality care at a lower cost than new devices. Additionally, they can help reduce waste by recycling used devices rather than discarding them.
X-Ray System:
The global x-ray system market is expected to grow at a lucrative rate during the forecast period. The growth of this market can be attributed to factors such as growing prevalence of chronic diseases, increasing demand for early diagnostic methods and technological advancements in the field of medical imaging.
Ultrasound System:
The ultrasound system is a diagnostic device that creates and sends out sound waves to the targeted area. The ultrasound imaging uses high frequency sound waves to produce images of internal organs, tissues, blood vessels and other body parts.
Application Insights:
Based on application, the global remanufactured medical imaging device market is segmented into hospital, clinic and others. The hospital segment dominated the market in 2017 due to increasing demand for advanced healthcare services along with a growing number of cancer cases across the globe. According to WHO¢â‚¬â„¢s estimates, around 1 in 6 women and 1 in 5 men are estimated to develop cancer during their lifetime. Thus, an increase in patient base suffering from various cancers requiring diagnostic procedures is expected to drive demand over the forecast period.
The other applications include research institutes and industrial manufacturing facilities that manufacture x-ray systems, CT systems or MRI systems for clinical use at hospitals or clinics as well as at home care settings by individuals who have no access to such devices owing to financial constraints or geographical limitations of their location.
Regional Analysis:
North America dominated the global remanufactured medical imaging device market in 2017. This can be attributed to factors such as favorable reimbursement scenario, rising geriatric population, increasing healthcare expenditure and technological advancements. Europe is expected to grow at a lucrative rate over the forecast period owing to an increase in demand for advanced products with better features and enhanced performance compared to their predecessors.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period due its developing economy, high unmet needs & growing patient awareness levels coupled with rapidly improving healthcare infrastructure especially in rural areas & shortage of radiologists are some of the factors driving this regional market forward.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is primarily because of the benefits offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. The use of remanufactured medical imaging devices in minimally invasive surgeries will thus drive the growth of the remanufactured medical imaging device market.
- Technological advancements in medical imaging devices: Medical imaging technology is constantly evolving with new and innovative technologies being developed every day. This has led to an increase in the demand for advanced medical Imaging devices, which are more accurate and provide better results than their predecessors. The growing demand for advanced medical Imaging devices will create opportunities for remanufacturers of these devices, thereby driving the growth of the remanufactured medical Imaging device market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Remanufactured Medical Imaging Device Market Research Report
By Type
X-Ray System, Ultrasound System, CT System, MRI System, Others
By Application
Hospital, Clinic, Others
By Companies
GE Healthcare, Siemens, Philips, Hitachi, Canon Medical Systems, Ultra Solutions, Block Imaging, Providian Medical, Agito Medical, LBN Medical, Soma Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Remanufactured Medical Imaging Device Market Report Segments:
The global Remanufactured Medical Imaging Device market is segmented on the basis of:
Types
X-Ray System, Ultrasound System, CT System, MRI System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Siemens
- Philips
- Hitachi
- Canon Medical Systems
- Ultra Solutions
- Block Imaging
- Providian Medical
- Agito Medical
- LBN Medical
- Soma Technology
Highlights of The Remanufactured Medical Imaging Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- X-Ray System
- Ultrasound System
- CT System
- MRI System
- Others
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Remanufactured Medical Imaging Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A refurbished medical imaging device is a used medical imaging device that has been returned to the manufacturer or an authorized reseller for service or repair.
Some of the major companies in the remanufactured medical imaging device market are GE Healthcare, Siemens, Philips, Hitachi, Canon Medical Systems, Ultra Solutions, Block Imaging, Providian Medical, Agito Medical, LBN Medical, Soma Technology.
The remanufactured medical imaging device market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Remanufactured Medical Imaging Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Remanufactured Medical Imaging Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Remanufactured Medical Imaging Device Market - Supply Chain
4.5. Global Remanufactured Medical Imaging Device Market Forecast
4.5.1. Remanufactured Medical Imaging Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Remanufactured Medical Imaging Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Remanufactured Medical Imaging Device Market Absolute $ Opportunity
5. Global Remanufactured Medical Imaging Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Remanufactured Medical Imaging Device Market Size and Volume Forecast by Type
5.3.1. X-Ray System
5.3.2. Ultrasound System
5.3.3. CT System
5.3.4. MRI System
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Remanufactured Medical Imaging Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Remanufactured Medical Imaging Device Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Remanufactured Medical Imaging Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Remanufactured Medical Imaging Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Remanufactured Medical Imaging Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Remanufactured Medical Imaging Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Remanufactured Medical Imaging Device Demand Share Forecast, 2019-2026
9. North America Remanufactured Medical Imaging Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Remanufactured Medical Imaging Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Remanufactured Medical Imaging Device Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Remanufactured Medical Imaging Device Market Size and Volume Forecast by Type
9.7.1. X-Ray System
9.7.2. Ultrasound System
9.7.3. CT System
9.7.4. MRI System
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Remanufactured Medical Imaging Device Demand Share Forecast, 2019-2026
10. Latin America Remanufactured Medical Imaging Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Remanufactured Medical Imaging Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Remanufactured Medical Imaging Device Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Remanufactured Medical Imaging Device Market Size and Volume Forecast by Type
10.7.1. X-Ray System
10.7.2. Ultrasound System
10.7.3. CT System
10.7.4. MRI System
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Remanufactured Medical Imaging Device Demand Share Forecast, 2019-2026
11. Europe Remanufactured Medical Imaging Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Remanufactured Medical Imaging Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Remanufactured Medical Imaging Device Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Remanufactured Medical Imaging Device Market Size and Volume Forecast by Type
11.7.1. X-Ray System
11.7.2. Ultrasund System
11.7.3. CT System
11.7.4. MRI System
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Remanufactured Medical Imaging Device Demand Share, 2019-2026
12. Asia Pacific Remanufactured Medical Imaging Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Remanufactured Medical Imaging Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Remanufactured Medical Imaging Device Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Remanufactured Medical Imaging Device Market Size and Volume Forecast by Type
12.7.1. X-Ray System
12.7.2. Ultrasound System
12.7.3. CT System
12.7.4. MRI System
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Remanufactured Medical Imaging Device Demand Share, 2019-2026
13. Middle East & Africa Remanufactured Medical Imaging Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Remanufactured Medical Imaging Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Remanufactured Medical Imaging Device Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Remanufactured Medical Imaging Device Market Size and Volume Forecast by Type
13.7.1. X-Ray System
13.7.2. Ultrasound System
13.7.3. CT System
13.7.4. MRI System
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Remanufactured Medical Imaging Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Remanufactured Medical Imaging Device Market: Market Share Analysis
14.2. Remanufactured Medical Imaging Device Distributors and Customers
14.3. Remanufactured Medical Imaging Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Philips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hitachi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Canon Medical Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ultra Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Block Imaging
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Providian Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Agito Medical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LBN Medical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Soma Technology
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook