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Refurbished Medical Imaging Equipment Market Share, Size, Trends, Industry Analysis Report, By Product Type; By End Use; By Regions; Segment Forecast, 2020-2027

  • ID: 5261844
  • Report
  • October 2020
  • Region: Global
  • 106 pages
  • Polaris Market Research

FEATURED COMPANIES

  • Avante Health Solutions
  • Everx Pvt Ltd.
  • Future Health Concepts
  • Hilditch Group
  • Master Medical Equipment
  • SOMA TECH INTL.
The global refurbished medical imaging equipment market size is expected to reach USD 21.14 billion by 2027, according to the study.

The report “Refurbished Medical Imaging Equipment Market Share, Size, Trends, Industry Analysis Report, By Product Type (CT Scanners, MRI Scanners, X-ray Systems, Ultrasound Systems, SPECT and PET Scanners, Urology Equipment, Neurology Equipment, Endoscopy Equipment, IV Therapy Systems, and Others); By End User (Hospitals, Diagnostic Imaging Centers, and Others), By Regions; Segment Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Refurbished equipment is second hand old equipment restoring the devices to original condition without damage to the specifications. The safety and effectiveness of the refurbished equipment is comparable to new devices. In refurbishment process the equipment will undergo changes like decontamination, calibration, repair, software upgrade, cosmetic rehabilitation, replacement of worn parts, and other procedures to match to original OEM specifications.

The OEM refurbished equipment is good alternative to new products, as these systems undergo complete set of industrial procedures and available with high quality, lower price and manufacturer warranty. Hence, adoption of refurbished products helps hospitals and diagnostics centres to reduce the investments on infrastructure.

The refurbished medical imaging equipment is cost-effective which can be bought for as low as 30% to 70% of the original equipment cost. The cost of these second hand devices, depending on features, age of the system and the condition. By purchasing refurbished equipment, the hospitals can upgrade their imaging capability at the lower cost.

The market growth is primarily attributed to increasing demand for cost-effective medical imaging equipment, increasing adoption of refurbished equipment in private healthcare sector, tax incentives, extended service life of refurbished equipment and growing e commerce. There is an increasing demand for low cost medical imaging equipment by small and mid-level hospitals, diagnostic centres and private medical institutions due to lack of enough financial resources.

Emerging and low income countries are the lucrative target destination for the concerned market. In India, district, municipal and less sophisticated hospitals often go for used medical devices due to budget constraints. Indian hospitals demand continuous service back-up for instruments and the spare parts being sold and international companies need to have liaison offices in the country to promote the sale of these devices.

Market participants such as GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Block Imaging, SOMA TECH INTL., US Med-Equip, Avante Health Solutions, Everx Pvt Ltd., Integrity Medical Systems, Inc., Radiology Oncology Systems, Inc., Master Medical Equipment, Hilditch Group, Fair Medical Co. Ltd., Future Health Concepts, US Medical Systems, LLC., Nationwide Imaging Services, Pacific Healthcare Imaging, LLC, Venture Medical ReQuip, Inc., Desert Tech Medical Systems, and Hi Tech International Group, Inc. are operating in the concerned market.

The companies in the market are focussing on acquisitions to increase their market share. For instance, recently in February 2020, the U.S., based supplier of refurbished medical equipment Probo Medical, announced the acquisition of Elite Medical Technologies, LLC and Future Medical Equipment, Ltd. The former is the renowned re-seller of the pre-owned digital medical devices, while the latter is specialized in de-installation and sales of second hand equipment.

The analyst has segmented the refurbished medical imaging equipment market report on the basis of product type, end-use, and region.

Refurbished Medical Imaging Equipment by Product Type Outlook (Revenue-USD Million, 2016-2027)
  • CT Scanners
  • MRI Scanners
  • X-ray Systems
  • Ultrasound Systems
  • SPECT and PET Scanners
  • Urology Equipment
  • Neurology Equipment
  • Endoscopy Equipment
  • IV Therapy Systems
  • Others
Refurbished Medical Imaging Equipment by End-Use Outlook (Revenue-USD Million, 2016-2027)
  • Hospitals
  • Diagnostic Imaging Centers
  • Others
Refurbished Medical Imaging Equipment by Regional Outlook (Revenue-USD Million, 2016-2027)
  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
  • Central & South America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Avante Health Solutions
  • Everx Pvt Ltd.
  • Future Health Concepts
  • Hilditch Group
  • Master Medical Equipment
  • SOMA TECH INTL.
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Refurbished Medical Imaging Equipment Market Insights
4.1. Refurbished Medical Imaging Equipment - Industry snapshot
4.2. Refurbished Medical Imaging Equipment Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rapid innovations in the Refurbished Medical Imaging Equipment
4.2.1.2. Cost effective in low income countries
4.2.2. Restraints and Challenges
4.2.2.1. Issue with performance
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
Bargaining Power of Buyers (Moderate)
4.3.3. Threat of Substitute (Moderate)
4.3.4. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Refurbished Medical Imaging Equipment Market Industry trends

5. Refurbished Medical Imaging Equipment Market Assessment by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
5.3. CT Scanners
5.3.1. Global Refurbished Medical Imaging Equipment Market, by CT Scanners, by Region, 2016-2027 (USD Million)
5.4. MRI Scanners
5.4.1. Global Refurbished Medical Imaging Equipment Market, by MRI Scanners, by Region, 2016-2027 (USD Million)
5.5. X-ray Systems
5.5.1. Global Refurbished Medical Imaging Equipment Market, by X-ray Systems, by Region, 2016-2027 (USD Million)
5.6. Ultrasound Systems
5.6.1. Global Refurbished Medical Imaging Equipment Market, by Ultrasound Systems, by Region, 2016-2027 (USD Million)
5.7. SPECT and PET Scanners
5.7.1. Global Refurbished Medical Imaging Equipment Market, by SPECT and PET Scanners, by Region, 2016-2027 (USD Million)
5.8. Urology Equipment
5.8.1. Global Refurbished Medical Imaging Equipment Market, by Urology Equipment, by Region, 2016-2027 (USD Million)
5.9. Neurology Equipment
5.9.1. Global Refurbished Medical Imaging Equipment Market, by Neurology Equipment, by Region, 2016-2027 (USD Million)
5.10. Endoscopy Equipment
5.10.1. Global Refurbished Medical Imaging Equipment Market, by Endoscopy Equipment, by Region, 2016-2027 (USD Million)
5.11. IV Therapy Systems
5.11.1. Global Refurbished Medical Imaging Equipment Market, by IV Therapy Systems, by Region, 2016-2027 (USD Million)
5.12. Others
5.12.1. Global Refurbished Medical Imaging Equipment Market, by Others, by Region, 2016-2027 (USD Million)

6. Refurbished Medical Imaging Equipment Market, by End Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
6.3. Hospitals
6.3.1. Global Refurbished Medical Imaging Equipment Market, by Hospitals, By Region, 2016-2027 (USD Million)
6.4. Diagnostic Imaging Centers
6.4.1. Global Refurbished Medical Imaging Equipment Market, by Diagnostic Imaging Centers, by Region, 2016-2027 (USD Million)
6.5. Others
6.5.1. Global Refurbished Medical Imaging Equipment Market, by Others, by Region, 2016-2027 (USD Million)

7. Refurbished Medical Imaging Equipment Market Assessment by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Refurbished Medical Imaging Equipment Market Assessment, By Geography, 2016-2027 (USD Million)
7.3. Refurbished Medical Imaging Equipment Market - North America
7.3.1. North America: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.3.2. North America: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.3.3. Refurbished Medical Imaging Equipment Market - U.S.
7.3.3.1. U.S.: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.3.3.2. U.S.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.3.4. Refurbished Medical Imaging Equipment Market - Canada
7.3.4.1. Canada: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.3.4.2. Canada.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4. Refurbished Medical Imaging Equipment Market - Europe
7.4.1. Europe: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.2. Europe: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4.3. Refurbished Medical Imaging Equipment Market - UK
7.4.3.1. UK: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.3.2. UK: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4.4. Refurbished Medical Imaging Equipment Market - France
7.4.4.1. France: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.4.2. France: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4.5. Refurbished Medical Imaging Equipment Market - Germany
7.4.5.1. Germany: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.5.2. Germany: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4.6. Refurbished Medical Imaging Equipment Market - Italy
7.4.6.1. Italy: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.6.2. Italy: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4.7. Refurbished Medical Imaging Equipment Market - Spain
7.4.7.1. Spain: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.7.2. Spain: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4.8. Refurbished Medical Imaging Equipment Market - Netherlands
7.4.8.1. Netherlands: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.8.2. Netherlands: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.4.9. Refurbished Medical Imaging Equipment Market - Austria
7.4.9.1. Austria: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.4.9.2. Austria: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.5. Refurbished Medical Imaging Equipment Market - Asia-Pacific
7.5.1. Asia Pacific: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.5.2. Asia Pacific: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.5.3. Refurbished Medical Imaging Equipment Market - China
7.5.3.1. China: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.5.3.2. China: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.5.4. Refurbished Medical Imaging Equipment Market - India
7.5.4.1. India: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.5.4.2. India.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.5.5. Refurbished Medical Imaging Equipment Market - Malaysia
7.5.5.1. Malaysia: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.5.5.2. Malaysia: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.5.6. Refurbished Medical Imaging Equipment Market - Japan
7.5.6.1. Japan: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.5.6.2. Japan: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.5.7. Refurbished Medical Imaging Equipment Market - Indonesia
7.5.7.1. Indonesia: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.5.7.2. Indonesia: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.5.8. Refurbished Medical Imaging Equipment Market - South Korea
7.5.8.1. South Korea: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.5.8.2. South Korea.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.6. Refurbished Medical Imaging Equipment Market - Middle East & Africa
7.6.1. Middle East & Africa: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.6.2. Middle East & Africa.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.6.3. Refurbished Medical Imaging Equipment Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.6.3.2. Saudi Arabia.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.6.4. Refurbished Medical Imaging Equipment Market - UAE
7.6.4.1. UAE: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.6.4.2. UAE: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.6.5. Refurbished Medical Imaging Equipment Market - Israel
7.6.5.1. Israel: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.6.5.2. Israel: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.6.6. Refurbished Medical Imaging Equipment Market - South Africa
7.6.6.1. South Africa: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.6.6.2. South Africa: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.7. Refurbished Medical Imaging Equipment Market - Latin America
7.7.1. Latin America: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.7.2. Latin America: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.7.3. Refurbished Medical Imaging Equipment Market - Mexico
7.7.3.1. Mexico: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.7.3.2. Mexico.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.7.4. Refurbished Medical Imaging Equipment Market - Brazil
7.7.4.1. Brazil: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.7.4.2. Brazil.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)
7.7.5. Refurbished Medical Imaging Equipment Market - Argentina
7.7.5.1. Argentina: Refurbished Medical Imaging Equipment Market, By Product Type, 2016-2027 (USD Million)
7.7.5.2. Argentina.: Refurbished Medical Imaging Equipment Market, By End Use, 2016-2027 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisition
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. GE Healthcare
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Developments
9.2. Siemens Healthineers
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Developments
9.3. Koninklijke Philips N.V.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Developments
9.4. Block Imaging
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Developments
9.5. Avante Health Solutions
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Developments
9.6. Integrity Medical Systems, Inc.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Developments
9.7. Radiology Oncology Systems
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Developments
9.8. Future Health Concepts
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Developments
9.9. Nationwide Imaging Services
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Developments
9.10. Pacific Healthcare Imaging
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Developments
Note: Product cover images may vary from those shown
  • GE Healthcare
  • Siemens Healthineers
  • Koninklijke Philips N.V.
  • Block Imaging
  • SOMA TECH INTL.
  • US Med-Equip
  • Avante Health Solutions
  • Everx Pvt Ltd.
  • Integrity Medical Systems Inc.
  • Radiology Oncology Systems Inc.
  • Master Medical Equipment
  • Hilditch Group
  • Fair Medical Co. Ltd.
  • Future Health Concepts
  • US Medical Systems LLC.
  • Nationwide Imaging Services
  • Pacific Healthcare Imaging LLC
  • Venture Medical ReQuip Inc.
  • Desert Tech Medical Systems
  • Hi Tech International Group Inc
Note: Product cover images may vary from those shown
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