A recent report published by Infinium Global Research on refurbished medical imaging equipment market provides an in-depth analysis of segments and sub-segments in the global as well as regional refurbished medical imaging equipment market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional refurbished medical imaging equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global refurbished medical imaging equipment market. According to the report the global refurbished medical imaging equipment market is projected to grow at a CAGR of 13% over the forecast period of 2018-2024.
Refurbished Medical Imaging Equipment saves energy and materials used to produce new equipment. When manufactures properly do refurbished of used system, the end result is medical imaging equipment that is safe and effective. When medical imaging equipment is refurbished in accordance with Medical Imaging Technology Association (MITA), healthcare providers, medical device regulators, and patients can be confident that the patients will be safe and the doctors will have high-quality images to help direct their care. This equipment is divided into two parts such as mechanical-electrical refurbishment and cosmetic refurbishment. Cosmetic refurbishment processes replace plastic and metal materials while mechanical-electrical refurbishment processes include restoration, replacement of all parts and other components.
The benefits offered by refurbished medical imaging equipment such as affordability and warranty drive the growth refurbished medical imaging equipment market. Refurbished equipment can sometimes cost less than 50% the price of the original equipment. Most hospitals cannot afford to buy new equipment every 5-7 years. Growing demand for high-quality medical imaging and cost-effective devices, and awareness related to circular economy fuelling the demand for refurbished medical imaging equipment market. Extending the life of equipment’s and saving energy and material used to produce new equipment is also supporting factor boost the market growth. However, lack of support from government bodies may hamper the growth of the market. Going further, improvement in sale support system creates growth opportunities for the refurbished medical imaging equipment market during the forecast period.
On the basis of Geographies, Refurbished Medical Imaging Equipment Market has majority share in North America region followed by Europe. The factors responsible for the growths of the market are increasing the demand for advanced medical imaging equipment and growing merger and acquisition in this region. The Asia Pacific is expected to be the fastest growing region during the forecast period. The rise in population and the presence of major manufacturers are some factors fuelling the Refurbished Medical Imaging Equipment Market in the Asia Pacific region.
The report on global refurbished medical imaging equipment market covers segments such as product and end user. On the basis of product, the global refurbished medical imaging equipment market is categorized into CT scanners, MRI systems, ultrasound and x-ray systems. On the basis of the end, user the global refurbished medical imaging equipment market is categorized into diagnostic centers, hospitals, and ambulatory surgical centers.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 -2024.
The report provides profiles of the companies in the global refurbished medical imaging equipment market such as Philips Healthcare, Siemens Healthineers, GE Healthcare, Agito Medical A/S, Block Imaging International, Inc. itachi, Ltd., Canon Medical Systems Corporation, Carestream Health, and Fujifilm Holding Corporation.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global refurbished medical imaging equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of refurbished medical imaging equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the refurbished medical imaging equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the refurbished medical imaging equipment market to understand the present and future trends in this market and formulate their strategies accordingly.
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