Pune, India -- (SBWIRE) -- 05/13/2019 -- The report on Refurbished Medical Imaging Equipment Market by product (CT scanners, MRI systems, ultrasound and x-ray systems), end user (diagnostic centers, hospitals and ambulatory surgical centers) trends analysis and forecasts up to 2024 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. The growth in the world market is primarily driven by a significant contribution by North America (Leading region) region to this 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.

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Refurbished Medical Imaging Equipment Market: Insight

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.

Refurbished Medical Imaging Equipment Market: Drivers and Restraints

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% of 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, the 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.

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Refurbished Medical Imaging Equipment Market: Regional Analysis

On the basis of Geographies, Refurbished Medical Imaging Equipment Market has majority share in the 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.

Refurbished Medical Imaging Equipment Market: Segmentation

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.

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Refurbished Medical Imaging Equipment Market: Competitive Landscape

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.

Report Findings

1. Drivers

- Benefits Offered by Refurbished Medical Imaging Equipment such as Affordability and Warranty.

- Growing Demand for High-Quality Medical Imaging and Cost-Effective Devices.

- Extending Life of Refurbished Medical Imaging Equipment.

2. Restraints

- Lack of Support from Government Bodies.

3. Opportunities

- Improvement in Sales Support System.