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Global Refurbished Medical Imaging Equipment Market 2017-2021

About Refurbished Medical Imaging Equipment

A refurbished equipment is a repaired or refined version of an old equipment, produced by restoring the devices to original condition without altering any of the product's specifications. In the refurbishment process, the equipment undergoes changes such as decontamination, repair, replacement of worn parts, software upgrade, full cosmetic rehabilitation, calibration, and other procedures that are required to match the specifications of the original equipment manufacturer (OEM).

Technavio’s analysts forecast the global refurbished medical imaging equipment market to grow at a CAGR of 8.09% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global refurbished medical imaging equipment market for 2017-2021. To calculate the market size, the report considers sales and volume.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Refurbished Medical Imaging Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlantis Worldwide
  • Block Imaging
  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthineers
  • Toshiba Medical Systems
Other prominent vendors
  • AGITO MEDICAL
  • DRE Medical
  • Everx
  • Hitachi Medical
  • Integrity Medical Systems
  • Radiology Oncology Systems
  • Soma Technology
Market driver
  • Increasing demand for cost-effective and efficient medical imaging devices
  • For a full, detailed list, view our report
Market challenge
  • Negative perception of end-users about refurbished medical equipment
  • For a full, detailed list, view our report
Market trend
  • Increasing adoption of eco-friendly practices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Refurbished Medical Imaging Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global refurbished medical imaging equipment market: Atlantis Worldwide, Block Imaging, GE Healthcare, Philips Healthcare, Siemens Healthineers, and Toshiba Medical Systems.

Other Prominent Vendors in the market are: AGITO MEDICAL, DRE Medical, Everx, Hitachi Medical, Integrity Medical Systems, Radiology Oncology Systems, and Soma Technology.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing adoption of eco-friendly practices. Refurbishment of used or pre-owned medical equipment helps to save energy and resources while preventing unnecessary waste and allowing better access to affordable quality equipment. Exposure to medical device waste can also cause cancer and other serious health issues.”

According to the report, one driver in the market is increasing demand for cost-effective and efficient medical imaging devices. Most of the global population does not have access to quality healthcare services, especially in the developing countries. High R&D and manufacturing costs are involved in the design and development of new advanced medical imaging equipment. Hence, new medical imaging equipment is highly expensive. The cost burden will be more when coupled with the installation and maintenance charges for the equipment, making them unaffordable for many hospitals and diagnostic centers due to budget constraints.

Further, the report states that one challenge in the market is negative perception of end-users about refurbished medical equipment. Many large hospitals and physicians do not take the risk of buying refurbished medical devices due to the negative perception of their quality and durability, and fear on vendor unreliability. In some cases, the OEMs restrict the hospitals from purchasing refurbished equipment, by warning them that they will not support older models. Moreover, concerns over the low resale value of the refurbished equipment impede their adoption by end-users. Furthermore, the negative outlook of the physicians, patients, and public institutes toward refurbished medical imaging equipment is a major factor limiting the growth of this market.

Companies Mentioned

Atlantis Worldwide, Block Imaging, GE Healthcare, Philips Healthcare, Siemens Healthineers, Toshiba Medical Systems, AGITO MEDICAL, DRE Medical, Everx, Hitachi Medical, Integrity Medical Systems, Radiology Oncology Systems, and Soma Technology.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global refurbished medical imaging equipment market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Market overview
      • Table Global refurbished medical imaging equipment market by product 2016
      • Table Global refurbished medical imaging equipment market by product 2016-2021 ($ millions)
    • Global refurbished CT scanners market
      • Table Global refurbished CT scanners market 2016-2021 ($ millions)
    • Global refurbished MRI scanners market
      • Table Global refurbished MRI scanners market 2016-2021 ($ millions)
    • Global refurbished general X-ray systems market
      • Table Global refurbished general X-ray systems market 2016-2021 ($ millions)
    • Global refurbished ultrasound systems market
      • Table Global refurbished ultrasound systems market 2016-2021 ($ millions)
    • Global refurbished SPECT/PET scanners market
      • Table Global refurbished SPECT/PET scanners market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Table Global refurbished medical imaging equipment market by end-users 2016
    • Hospitals
    • Diagnostic centers
  • Market segmentation by geography
    • Market overview
      • Table Global refurbished medical imaging equipment market by geography 2016
    • Refurbished medical imaging equipment market in Americas
      • Table Refurbished medical imaging equipment market in Americas 2016-2021 ($ millions)
    • Refurbished medical imaging equipment market in EMEA
      • Table Refurbished medical imaging equipment market in EMEA 2016-2021 ($ millions)
    • Refurbished medical imaging equipment market in APAC
      • Table Refurbished medical imaging equipment market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing adoption of eco-friendly practices
    • Increasing consultation services and support by vendors
    • Strategic collaborations and partnerships
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global refurbished medical imaging equipment market
  • Key vendor analysis
    • Atlantis Worldwide
      • Table Atlantis Worldwide: Strength assessment
      • Table Atlantis Worldwide: Strategy assessment
      • Table Atlantis Worldwide: Opportunity assessment
    • Block Imaging
      • Table Block Imaging: Key highlights
      • Table Block Imaging: Strength assessment
      • Table Block Imaging: Strategy assessment
      • Table Block Imaging: Opportunity assessment
    • GE Healthcare
      • Table GE Healthcare: Key highlights
      • Table GE Healthcare: Strength assessment
      • Table GE Healthcare: Strategy assessment
      • Table GE Healthcare: Opportunity assessment
    • Philips Healthcare
      • Table Philips Healthcare: Key highlights
      • Table Philips Healthcare: Strength assessment
      • Table Philips Healthcare: Strategy assessment
      • Table Philips Healthcare: Opportunity assessment
    • Siemens Healthineers
      • Table Siemens Healthineers: Key highlights
      • Table Siemens Healthineers: Strength assessment
      • Table Siemens Healthineers: Strategy assessment
      • Table Siemens Healthineers: Opportunity assessment
    • Toshiba Medical Systems
      • Table Toshiba Medical Systems: Key highlights
      • Table Toshiba Medical Systems: Strength assessment
      • Table Toshiba Medical Systems: Strategy assessment
      • Table Toshiba Medical Systems: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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