Global Refurbished Medical Imaging Devices Market Size & Trends Report Segmented by Modality (X-ray, Ultrasound, CT, MRI), Application (OBGY, Oncology, Cardiology, Neurology, Orthopedics), End User (Hospitals, Diagnostic Imaging Centers, ASCs) & Regional Forecast to 2030
The global refurbished medical imaging devices market is set to witness a growth rate of ~9% in the next 5 years. Cost effectiveness & affordability of refurbished medical imaging devices, rising demand for diagnostic imaging, improvements in restoration processes and quality assurance, growing emphasis on circular economy principles and e‑waste reduction, growing adoption in emerging markets, and favorable regulatory trends, are some of the key factors driving the refurbished medical imaging devices market. To learn more about the research report, download a sample report.
Overview
Refurbished medical imaging devices or used medical imaging devices are those that were previously owned by someone else and now have gone through an approved standardized refurbishment process that involves thorough inspection, appropriate repairs, worn parts replacements, recalibration, and function & quality assurance testing, to ensure original manufacturer stated performance standards and safety levels. Refurbishment of medical imaging devices allows for functional performance, and safety, at levels equivalent to new medical devices at significantly lower prices. Hospitals, diagnostic imaging centers and clinics purchase and use refurbished imaging devices to demonstrate responsible use of funds and resource sensitive applications, in addition to their benefits of sustainability, extended lifespan of the medical equipment itself, and decreases electronic waste within the health care industry. Refurbished medical devices are particularly valuable to rural hospitals, diagnostic imaging centres, and emerging markets that need affordable quality imaging devices.
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Cost effectiveness & affordability of refurbished medical imaging devices to drive market growth
An overwhelming demand for more cost-effective options in the healthcare sector is a key factor driving the refurbished medical imaging devices market. Refurbished devices are sold for significantly lower prices (~50% lower priced as compared to new equipment), thus making it affordable for smaller, inpatient hospital facilities and outpatient clinics with limited budgets. Purchasing refurbished devices allows healthcare providers to spend capital on other essential elements while acquiring tried and tested, reliable, quality imaging equipment that meets safety standards. Refurbished devices typically come with warranties and service support which improve buyer assurance. The ability to upgrade more frequently and access advanced equipment without the premium price further drive the market growth.
Growth of third-party refurbishment service providers – A key market trend
The rise of third-party refurbishment service providers is a significant trend in this market, which is propelled by the increasing demand for low-cost budget-friendly diagnostic equipment and growing access to medical imaging in emerging markets. Independent refurbishment service providers, also known as commercial refurbishers, are providing low-cost alternatives to OEM-certified systems lesser price and usually at a quicker turnaround time and with locally serviced support. Independent refurbishment service providers refurbish and resell CT, MRI, ultrasound and other modalities to satisfy small clinics and budget-strapped hospitals. Faced with increased competition, independent refurbishment service providers are improving their capabilities with quality certifications, warranty packages, and various value-added services, contributing to market growth while increasing choices for healthcare providers worldwide. For instance, in January 2022, Probo Medical, acquired REMETRONI with a view to establish their presence in North America.
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Competitive Landscape Analysis
The global refurbished medical imaging devices market is marked by the presence of established and emerging market players such as GE Healthcare; Koninklijke Philips N.V.; Siemens Healthineers; Canon Medical Systems Corporation; Hitachi, Ltd.; Agito Medical; Block Imaging, Inc.; Radiology Oncology Systems; Avante Health Solutions; and Probo Medical; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.
Report Scope
| Report Metric | Details |
| Base Year Considered | 2024 |
| Historical Data | 2023 – 2024 |
| Forecast Period | 2025 – 2030 |
| Growth Rate | 9% |
| Market Drivers |
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| Attractive Opportunities |
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| Segment Scope | Modality, Application, End User |
| Regional Scope |
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| Key Companies Mapped | GE Healthcare; Koninklijke Philips N.V.; Siemens Healthineers; Canon Medical Systems Corporation; Hitachi, Ltd.; Agito Medical; Block Imaging, Inc.; Radiology Oncology Systems; Avante Health Solutions; and Probo Medical; among others |
| Report Highlights | Market Size & Forecast, Growth Drivers & Restraints, Trends, Competitive Analysis |
Global Refurbished Medical Imaging Devices Market Segmentation
This report by Medi-Tech Insights provides the size of the global refurbished medical imaging devices market at the regional- and country-level from 2023 to 2030. The report further segments the market based on modality, application, and end user.
Market Size & Forecast (2023-2030), By Modality, USD Million
- X-ray Systems
- Ultrasound Systems
- Computed Tomography (CT) Scanners
- Magnetic Resonance Imaging (MRI) Systems
- Nuclear Imaging Systems
- Others
Others Market Size & Forecast (2023-2030), By Application, USD Million
- Oncology
- Obstetrics and Gynaecology
- Cardiology and Vascular Imaging
- Neurology
- Orthopedics
- General Imaging
- Others
Market Size & Forecast (2023-2030), By End User, USD Million
- Hospitals
- Diagnostic Imaging Centers
- Ambulatory Surgical Centers (ASCs)
- Others
Market Size & Forecast (2023-2030), By Region, USD Million
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
Key Strategic Questions Addressed
- What is the market size & forecast of the refurbished medical imaging devices market?
- What are historical, present, and forecasted market shares and growth rates of various segments and sub-segments of the refurbished medical imaging devices market?
- What are the key trends defining the market?
- What are the major factors impacting the market?
- What are the opportunities prevailing in the market?
- Which region has the highest share in the global market? Which region is expected to witness the highest growth rate in the next 5 years?
- Who are the major players operating in the market?
- What are the key strategies adopted by players?
- Introduction
- Introduction
- Market Scope
- Market Definition
- Segments Covered
- Regional Segmentation
- Research Timeframe
- Currency Considered
- Study Limitations
- Stakeholders
- List of Abbreviations
- Key Conferences and Events (2025-2026)
- Research Methodology
- Secondary Research
- Primary Research
- Market Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Forecasting
- Executive Summary
- Refurbished Medical Imaging Devices Snapshot (2025-2030)
- Segment Overview
- Regional Snapshot
- Competitive Insights
- Market Overview
- Market Dynamics
- Drivers
- Cost effectiveness and affordability of refurbished medical imaging devices
- Rising demand for diagnostic imaging
- Improvements in restoration processes and quality assurance
- Growing emphasis on circular economy principles and e‑waste reduction
- Growing adoption in emerging markets
- Favorable regulatory trends
- Restraints
- Concerns regarding quality and perception towards refurbished equipment
- Limitations regarding warranty & service support
- Regulatory & liability barriers
- Reimbursement disparities
- Opportunities
- Targeting small clinics and diagnostic centers
- Rental and leasing models
- Upgrades and value-added services
- Sustainability-driven value proposition
- Key Market Trends
- OEM certified refurbishment programs
- Growth of third-party refurbishment services providers
- Unmet Market Needs
- Industry Speaks
- Drivers
- Market Dynamics
- Global Refurbished Medical Imaging Devices Size & Forecast (2023-2030), By Modality, USD Million
- Introduction
- X-ray Systems
- Ultrasound Systems
- Computed Tomography (CT) Scanners
- Magnetic Resonance Imaging (MRI) Systems
- Nuclear Imaging Systems
- Others
- Global Refurbished Medical Imaging Devices Size & Forecast (2023-2030), By Application, USD Million
- Introduction
- Oncology
- Obstetrics and Gynaecology
- Cardiology and Vascular Imaging
- Neurology
- Orthopedics
- General Imaging
- Others
- Global Refurbished Medical Imaging Devices Size & Forecast (2023-2030), By End User, USD Million
- Introduction
- Hospitals
- Diagnostic Imaging Centers
- Ambulatory Surgical Centers (ASCs)
- Others
- Global Refurbished Medical Imaging Devices Size & Forecast (2023-2030), By Region, USD Million
- Introduction
- North America Refurbished Medical Imaging Devices Size & Forecast (2023-2030), By Country, USD Million
- US
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Canada
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- US
- Europe Refurbished Medical Imaging Devices Size & Forecast (2023-2030), By Country, USD Million
- UK
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Germany
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- France
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Italy
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Spain
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Rest of Europe
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- UK
- Asia Pacific (APAC) Refurbished Medical Imaging Devices Size & Forecast (2023-2030), By Country, USD Million
- China
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Japan
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- India
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Rest of Asia Pacific
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- China
- Latin America (LATAM) Refurbished Medical Imaging Devices Size & Forecast (2023-2030), USD Million
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Middle East & Africa (MEA) Refurbished Medical Imaging Devices Size & Forecast (2023-2030), USD Million
- Market Size & Forecast, By Modality (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Competitive Landscape
- Key Players and their Competitive Positioning
- Key Player Comparison
- Segment-wise Player Mapping
- Market Share Analysis (2024)
- Company Categorization Matrix
- Dominants/Leaders
- New Entrants
- Emerging Players
- Innovative Players
- Key Strategies Assessment, By Player (2022-2025)
- New Product Launches
- Partnerships, Agreements, & Collaborations
- Mergers & Acquisitions
- Geographic Expansion
- Key Players and their Competitive Positioning
- Company Profiles*
(Business Overview, Financial Performance**, Products Offered, Recent Developments)
- GE Healthcare
- Koninklijke Philips N.V.
- Siemens Healthineers
- Canon Medical Systems Corporation
- Hitachi, Ltd.
- Agito Medical
- Block Imaging, Inc.
- Radiology Oncology Systems
- Avante Health Solutions
- Probo Medial
- Other Prominent Players
Note: *Indicative list
**For listed companies
The study has been compiled based on extensive primary and secondary research.
Secondary Research (Indicative List)
Primary Research
To validate research findings (market size & forecasts, market segmentation, market dynamics, competitive landscape, key industry trends, etc.), extensive primary interviews were conducted with both supply and demand-side stakeholders.
Supply Side Stakeholders:
- Senior Management Level: CEOs, Presidents, Vice-Presidents, Directors, Chief Technology Officers, Chief Commercial Officers
- Mid-Management Level: Product Managers, Sales Managers, Brand Managers, R&D Managers, Business Development Managers, Consultants
Demand Side Stakeholders:
- Stakeholders from Hospitals; Diagnostic Imaging Centers; Ambulatory Surgical Centers (ASCs); and Others
Breakdown of Primary Interviews
Market Size Estimation
Both ‘Top-Down & Bottom-Up Approaches’ were used to derive market size estimates and forecasts
Data Triangulation
Research findings derived through secondary sources & internal analysis was validated with Primary Interviews, Internal Knowledge Repository and Company’s Sales Data
Features of the Report
- Comprehensive Market Coverage
- Market Size and Forecast
- Geographic & Segment Deep Dives
- Strategic Insights & Competitive Landscape
- Timely & Updated Data
- Growth Indicators & Future Outlook
- Quick Turnaround on Queries
- Analyst Support
- Report Customization Available
- Reports in PDF & Excel
