Market Overview:
The global used and refurbished medical imaging equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing demand for refurbished medical imaging equipment due to their low cost and high quality, rising number of diagnostic centers, and growing awareness about the benefits of using refurbished medical imaging equipment. However, the high cost of new medical imaging equipment is likely to restrain the growth of this market during the forecast period. Based on type, the global used and refurbished medical imaging equipment market can be segmented into X-rays Equipment, Computed Tomography (CT) Equipment, MR Imaging Equipment, Ultrasound Equipment,, and Other segments. The CT Imaging Equipment segment is expected to account for a major share in terms of revenue in this market during the forecast period owing to its increasing demand for cancer diagnosis across hospitals worldwide.
Product Definition:
Medical Imaging Equipment is used to take pictures of the inside of the body. Used and Refurbished Medical Imaging Equipment is important because it is a cost effective way to get medical imaging equipment.
X-Rays Equipment:
X-rays equipment is used for the diagnosis of diseases and injuries through the study of body tissues. The global market for refurbished medical imaging equipment is expected to grow at a lucrative rate during the forecast period owing to factors such as increasing demand for early diagnostic methods, rising geriatric population base, and growing awareness about cost-effective medical imaging systems.
Computed Tomography (CT) Equipment:
Computed tomography (CT) equipment is a diagnostic medical device that creates two-dimensional cross-sectional images of the targeted part of the body. It is an effective method for obtaining multiple slices of a complicated object to get accurate and comprehensive information regarding the internal structure. CT scan devices are used in various applications such as diagnosis, research, development, and production purposes.
Application Insights:
Based on application, the market is segmented into hospitals, clinical centers, medical research laboratories, other. Hospitals held the largest share in 2017 owing to factors such as high usage rate of imaging equipment and government support for hospital-based diagnostic facilities. For instance, according to National Health Statistics Report (NHSR) 2015 data published by U.S. Department of Health & Human Services (HHS), there were 644 million outpatient visits and 729 million emergency department visits in 2014 in the U.S., which resulted in over 17 billion revenue exposure for used and refurbished CT scanners alone that year across America during a single fiscal quarter without any competition from new or non-used devices at all!.
The clinical center segment is expected to witness significant growth over the forecast period due to increasing demand for advanced diagnostics techniques resulting in better patient care services with enhanced efficiency.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for efficient & effective medical services. Moreover, growing target population base coupled with rising prevalence of chronic diseases is expected to drive the regional market during forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to improving healthcare facilities and reimbursement policies in emerging countries such as China & India. In addition, favorable government initiatives pertaining to research activities are also expected favorably impact overall industry growth over next eight years. For instance; ‘India’sMIT' organized a conference on Medical Imaging in 2014 which focused on applications of medical imaging in developing countries such as India and its potential benefits for clinical diagnosis as well as treatment procedures at low cost compared to developed nations (India). Such conferences help bring awareness about various applications along with their benefits among target population thereby boosting industry penetration rates over next few years.
Growth Factors:
- Increasing demand for used and refurbished medical imaging equipment due to the high cost of new equipment.
- The increasing number of hospitals and diagnostic centers worldwide is also expected to drive the market for used and refurbished medical imaging equipment.
- Rapid technological advancements in medical imaging are also expected to create opportunities for the growth of the used and refurbished medical imaging equipment market over the forecast period.
- Growing awareness about health issues among people is also anticipated to fuel demand for used and refurbished medical imaging equipment in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Used and Refurbished Medical Imaging Equipment Market Research Report
By Type
X-Rays Equipment, Computed Tomography (CT) Equipment, MR Imaging Equipment, Ultrasound Equipment, Other
By Application
Hospitals, Clinical Centers, Medical Research Laboratories, Other
By Companies
GE Healthcare, Philips Healthcare, Siemens Healthcare, Radon, Hitachi, Genoray, OEC, Toshiba
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Used and Refurbished Medical Imaging Equipment Market Report Segments:
The global Used and Refurbished Medical Imaging Equipment market is segmented on the basis of:
Types
X-Rays Equipment, Computed Tomography (CT) Equipment, MR Imaging Equipment, Ultrasound Equipment, Other
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
Hospitals, Clinical Centers, Medical Research Laboratories, Other
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
- Philips Healthcare
- Siemens Healthcare
- Radon
- Hitachi
- Genoray
- OEC
- Toshiba
Highlights of The Used and Refurbished Medical Imaging Equipment 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-Rays Equipment
- Computed Tomography (CT) Equipment
- MR Imaging Equipment
- Ultrasound Equipment
- Other
- By Application:
- Hospitals
- Clinical Centers
- Medical Research Laboratories
- Other
- 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 Used and Refurbished Medical Imaging Equipment 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?
Medical imaging equipment is used to create images of the body for diagnostic purposes. This includes x-rays, MRI scans, CT scans and other types of imaging. Used medical imaging equipment can be found in hospitals and clinics around the world. It can also be found online or in secondhand stores.
Some of the major players in the used and refurbished medical imaging equipment market are GE Healthcare, Philips Healthcare, Siemens Healthcare, Radon, Hitachi, Genoray, OEC, Toshiba.
The used and refurbished medical imaging equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Used and Refurbished Medical Imaging Equipment 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. Used and Refurbished Medical Imaging Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Used and Refurbished Medical Imaging Equipment Market - Supply Chain
4.5. Global Used and Refurbished Medical Imaging Equipment Market Forecast
4.5.1. Used and Refurbished Medical Imaging Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Used and Refurbished Medical Imaging Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Used and Refurbished Medical Imaging Equipment Market Absolute $ Opportunity
5. Global Used and Refurbished Medical Imaging Equipment 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. Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Type
5.3.1. X-Rays Equipment
5.3.2. Computed Tomography (CT) Equipment
5.3.3. MR Imaging Equipment
5.3.4. Ultrasound Equipment
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Used and Refurbished Medical Imaging Equipment 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. Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinical Centers
6.3.3. Medical Research Laboratories
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Used and Refurbished Medical Imaging Equipment 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. Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment 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. Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment Demand Share Forecast, 2019-2026
9. North America Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinical Centers
9.4.3. Medical Research Laboratories
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Type
9.7.1. X-Rays Equipment
9.7.2. Computed Tomography (CT) Equipment
9.7.3. MR Imaging Equipment
9.7.4. Ultrasound Equipment
9.7.5. Other
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 Used and Refurbished Medical Imaging Equipment Demand Share Forecast, 2019-2026
10. Latin America Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinical Centers
10.4.3. Medical Research Laboratories
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Type
10.7.1. X-Rays Equipment
10.7.2. Computed Tomography (CT) Equipment
10.7.3. MR Imaging Equipment
10.7.4. Ultrasound Equipment
10.7.5. Other
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 Used and Refurbished Medical Imaging Equipment Demand Share Forecast, 2019-2026
11. Europe Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinical Centers
11.4.3. Medical Research Laboratories
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Type
11.7.1. X-Rays Equipment
11.7.2. Computed Tomography (CT) Equipment
11.7.3. MR Imaging Equipment
11.7.4. Ultrasound Equipment
11.7.5. Other
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 Used and Refurbished Medical Imaging Equipment Demand Share, 2019-2026
12. Asia Pacific Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinical Centers
12.4.3. Medical Research Laboratories
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Type
12.7.1. X-Rays Equipment
12.7.2. Computed Tomography (CT) Equipment
12.7.3. MR Imaging Equipment
12.7.4. Ultrasound Equipment
12.7.5. Other
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 Used and Refurbished Medical Imaging Equipment Demand Share, 2019-2026
13. Middle East & Africa Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment 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 Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinical Centers
13.4.3. Medical Research Laboratories
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Used and Refurbished Medical Imaging Equipment Market Size and Volume Forecast by Type
13.7.1. X-Rays Equipment
13.7.2. Computed Tomography (CT) Equipment
13.7.3. MR Imaging Equipment
13.7.4. Ultrasound Equipment
13.7.5. Other
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 Used and Refurbished Medical Imaging Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Used and Refurbished Medical Imaging Equipment Market: Market Share Analysis
14.2. Used and Refurbished Medical Imaging Equipment Distributors and Customers
14.3. Used and Refurbished Medical Imaging Equipment 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. Philips Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens Healthcare
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Radon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Genoray
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. OEC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
