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Refurbished Medical Imaging Equipment Market Size 2024-2028

The refurbished medical imaging equipment market size is forecast to increase by USD 6.74 billion at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for cost-effective and efficient medical imaging solutions. This trend is particularly prominent in the US market, where healthcare providers are seeking to reduce expenses without compromising patient care. Another key factor fueling market expansion is the growing adoption of eco-friendly practices in the healthcare industry. Refurbished medical imaging equipment offers an attractive alternative to new devices, as it reduces the carbon footprint associated with manufacturing and disposal. The preference for advanced digital X-ray systems is on the rise due to their superior image quality and versatility. However, the market also faces challenges, including the negative perception of end-users towards refurbished equipment. Some stakeholders harbor concerns about the reliability and quality of refurbished devices, which can hinder market penetration. To overcome this hurdle, market participants must focus on enhancing the transparency of their refurbishment processes and providing strong warranties and support services. By addressing these challenges and capitalizing on the market's growth drivers, companies can effectively capitalize on the opportunities presented by the market.

What will be the Size of the Market during the forecast period?

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The market encompasses the sale and maintenance of pre-owned diagnostic tools, primarily in the healthcare sector. With the global burden of chronic diseases on the rise, the demand for cost-effective medical imaging solutions has increased. Refurbishment offers tax benefits for healthcare providers, enabling them to acquire advanced technology while adhering to capital budget constraints. Diagnostic players, IVD and laboratories, surgical and therapeutic facilities, and patient monitoring units increasingly turn to refurbished equipment for cardiology, ecofriendly practices, and chronic condition management.
Outsourcing contracts for maintenance and warranty services further boosts market growth. Regulatory standards ensure quality assurance, while emerging economies' increasing focus on sustainability fuels adoption rates. Despite budget constraints, the market's size and direction remain strong, with medical imaging continuing to play a crucial role in disease diagnosis and treatment.

How is this Refurbished Medical Imaging Equipment Industry segmented?

The refurbished medical imaging equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  X-ray imaging
  Ultrasound systems
  MRI
  CT scanner imaging
  SPECT/ PET scanners


End-user

  Hospitals
  Diagnostic centers


Geography

  North America

    US


  Europe

    Germany
    UK


  Asia
  Rest of World (ROW)

By Product Insights

The X-ray imaging segment is estimated to witness significant growth during the forecast period. X-ray imaging, a non-invasive diagnostic technique, accounts for over 50% of imaging procedures in healthcare settings. These systems are increasingly used in various clinical, scientific, and industrial applications. The demand for refurbished X-ray equipment, such as X-ray machines and C-arms, is growing due to budget constraints and the availability of tax benefits. Refurbished equipment undergoes rigorous quality assurance processes to meet regulatory standards, ensuring patient safety and diagnostic accuracy. Key chronic diseases like cardiovascular diseases and dental conditions significantly contribute to the demand for medical imaging, including X-ray systems.

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The X-ray imaging segment was valued at USD 2.79 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Asia is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market for refurbished medical imaging equipment is primarily driven by the rise in chronic diseases such as cardiovascular diseases, musculoskeletal disorders, and cancer. Favorable regulatory policies and cost savings from using refurbished equipment are additional factors contributing to its growth. The US dominates this market due to the absence of restrictions on the sale, purchase, and

The Report Covers the Diagnostic Imaging Market Size and Share and It is Segmented by Modality (MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, and Mammography), Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and Other Applications), End Users (Hospitals, Diagnostic Centers and Other End Users) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Market Size is Provided in Terms of Value (in USD) During the Projected Period for the Above Segments

The medical imaging equipment services market size was over USD 20.61 million in 2024 and is anticipated to cross USD 36.07 million by 2037, witnessing more than 4.4% CAGR during the forecast period i.e., between 2025-2037. North America industry is anticipated to hold largest revenue share of 36% by 2037, accredited to rising cases of cancer and cardiovascular diseases as well as rising technological innovations in medical imaging equipment in the region.

By Product Type:The North America medical device market is segmented by product type into diagnostic imaging devices, cardiovascular devices, and orthopedic devices. In 2023, diagnostic imaging devices held a dominant share of the market due to increased demand for MRI and CT scan systems. The rise in chronic diseases like cancer and the need for early diagnosis have spurred demand for these devices. Major companies like GE Healthcare and Siemens Healthineers are leading the segment, focusing on AI-enabled imaging solutions. North America Medical Device Market Segmentation The cities of Boston, Massachusetts, and San Francisco, California, dominate the North American medical device market due to their strong presence in biotechnology and medical device manufacturing. Boston is home to several medical device companies and prestigious research institutions like Harvard Medical School, fostering an environment of innovation. Similarly, San Franciscos proximity to Silicon Valley ensures collaboration between tech and medical device sectors, driving advancements in wearable technologies and digital health.

The size and share of the market is categorized based on Application (Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine) and Product (2D, 3D&4D, Doppler) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Medical X-Ray Equipment and Imaging Software Market Report is Segmented by Type (equipment and Software), Technology (radiography/Mammography, Computed Tomography, and Fluoroscopy/Angiography), Image Type (2- Dimensional and 3-Dimensional), and End User (hospitals, Diagnostic Centers, and Research Centers), and Geography (North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

The oncology imaging equipment market, valued at $841 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 12.4% from 2025 to 2033. This expansion is fueled by several key factors. The increasing prevalence of cancer globally necessitates advanced diagnostic tools, leading to higher demand for sophisticated imaging technologies like X-ray, MRI, and other specialized modalities. Technological advancements, such as improved image resolution, faster scan times, and AI-powered image analysis, are enhancing diagnostic accuracy and efficiency, further propelling market growth. Moreover, the rising adoption of minimally invasive procedures and targeted therapies necessitates precise imaging for treatment planning and monitoring, contributing to market expansion. The market is segmented by application (hospitals, clinics, and others) and equipment type (X-ray imaging, MRI, and others). Hospitals currently dominate the application segment due to their comprehensive diagnostic capabilities, while X-ray and MRI technologies hold significant shares within the equipment type segment. North America and Europe are currently leading regional markets, benefiting from established healthcare infrastructure and higher per capita healthcare spending. However, emerging economies in Asia-Pacific and the Middle East & Africa are anticipated to witness significant growth in the coming years, driven by rising healthcare investments and increasing awareness of cancer prevention and treatment. The competitive landscape is characterized by established players such as GE Healthcare, Siemens Healthineers, and Philips Healthcare, alongside emerging companies innovating in specialized imaging technologies. The market is expected to witness strategic collaborations, mergers and acquisitions, and technological innovations as companies strive to maintain their market share and cater to the evolving needs of oncologists and healthcare providers. While the market shows immense promise, certain restraints such as high equipment costs, stringent regulatory approvals, and the need for skilled professionals to operate and interpret the imaging data pose challenges to widespread adoption, particularly in resource-constrained settings. Nevertheless, the overall outlook for the oncology imaging equipment market remains highly positive, with consistent growth anticipated throughout the forecast period.

Technological advancements in the North America Remanufactured Medical Imaging Device industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

The global medical imaging market, valued at $42.38 billion in 2025, is projected to experience robust growth, driven by several key factors. Technological advancements, such as the development of AI-powered diagnostic tools and improved image resolution techniques across modalities like MRI and CT scans, are significantly enhancing diagnostic accuracy and efficiency. This, coupled with a rising geriatric population globally predisposed to chronic diseases requiring frequent imaging, fuels market expansion. Furthermore, increasing healthcare expenditure in developing economies and growing adoption of minimally invasive procedures reliant on precise imaging guidance are contributing to market growth. The segmental analysis reveals that X-ray imaging currently holds the largest market share due to its widespread availability and relatively lower cost compared to advanced imaging techniques. However, the MRI and CT scanner segments are anticipated to witness the fastest growth rates, fueled by technological advancements and increasing demand for high-resolution imaging in complex diagnostic scenarios. Hospitals remain the primary end-users, but the diagnostic imaging center segment is expected to grow rapidly as these specialized facilities gain popularity. Competitive intensity is moderate, with key players focusing on strategic collaborations, product innovation, and geographical expansion to maintain their market positions. While regulatory hurdles and high equipment costs can pose some challenges, the overall market outlook remains exceptionally positive. The market's geographical distribution reflects developed nations' higher healthcare spending and technological adoption rates. North America and Europe currently hold substantial market shares, although the Asia-Pacific region is demonstrating rapid growth potential, driven by increasing healthcare infrastructure investment and rising disposable incomes. This emerging market presents significant opportunities for market expansion, particularly in countries like China and India, where the demand for advanced medical imaging solutions is steadily escalating. The continued rise of telehealth and remote diagnostics is also likely to play a role, potentially increasing access to imaging services in underserved areas. The forecast period of 2025-2033 promises sustained market growth driven by the factors mentioned above, with a projection of substantial market expansion by the end of the forecast period.

Market Analysis for Medical Imaging Equipment Repair and Maintenance Service The global medical imaging equipment repair and maintenance service market is estimated to reach a value of XX million USD in 2025, growing at a CAGR of 5% from 2025 to 2033. This growth is primarily driven by rising healthcare costs, increasing prevalence of chronic diseases, technological advancements in imaging systems, and government initiatives to improve healthcare infrastructure. The adoption of advanced imaging modalities such as CT scans, MRI machines, and ultrasound systems has increased the demand for specialized repair and maintenance services to ensure optimal performance and accuracy of these devices. The market is segmented by type into repair service and maintenance service, and by application into CT imaging machines, X-ray imaging machines, MRI machines, and others. Key industry players include Agiliti, Avante Diagnostic Imaging, Avonix Imaging, BDA Solution Srl, Cassling, Crothall Healthcare, GE HealthCare, ITBM Group, Med Repair Tech, Omi Medtech, Peltec Services, Rezolut, Sabre Medical Sales and Service, Tri-Imaging, Walsh Imaging, and more. Regional analysis reveals that North America and Europe are dominant markets due to the presence of advanced healthcare infrastructure, while Asia Pacific is expected to witness significant growth due to increasing healthcare investments and government support for healthcare initiatives.

The size and share of the market is categorized based on Type (Original Equipment Manufacturers, Independent Service Providers) and Application (Hospitals, Diagnostic Centers, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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The orthopedic medical imaging market size is expected to grow by USD 2.42 bn and record a CAGR of 5% during 2019-2024.

This post-pandemic global orthopedic medical imaging market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this orthopedic medical imaging market analysis report, key drivers such as increasing demand for 3d medical imaging equipment have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges, which will impede the market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Orthopedic Medical Imaging Market Size be in 2020?

Browse TOC and LoE with selected illustrations and example pages of the Orthopedic Medical Imaging Market

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Who are the Key Vendors in the Orthopedic Medical Imaging Market?

The orthopedic medical imaging market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

Canon Inc.
Carestream Health Inc.
General Electric Co.
Hitachi Ltd.
Hologic Inc.
Koninklijke Philips NV
Medtronic Plc
Planmed Oy
Shimadzu Corp.
Siemens Healthineers AG

The orthopedic medical imaging market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This orthopedic medical imaging market report further entails segmentations by Product (X-ray systems, CT scanners, MRI scanners, Ultrasound systems, and Nuclear imaging systems) and Geography (North America, Europe, Asia, and ROW). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segment.

Which are the Key Regional Markets for Orthopedic Medical Imaging Market?

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The report offers an up-to-date analysis of the geographical composition of the market. North America had the largest market share in the orthopedic medical imaging market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The new product approvals and launches will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

43% of the market’s growth will originate from North America during the forecast period. The US is the key market for orthopedic medical imaging market in the region. This report provides estimations of the contribution of all regions to the growth of the orthopedic medical imaging market size.

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What are the Key Factors Covered in this Orthopedic Medical Imaging Market Report?

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive orthopedic medical imaging market growth during the next five years
Precise estimation of the orthopedic medical imaging market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the orthopedic medical imaging market industry across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of orthopedic medical imaging market vendors

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    Orthopedic Medical Imaging Market Scope




    Report Coverage


    Details




    Page number


    120




    Base year


    2019




    Forecast period


    2020-2024




    Growth momentum & CAGR


    Accelerate at a CAGR of 5%




    Market growth 2020-2024


    USD 2.42 billion




    Market structure


    Fragmented




    YoY growth (%)


    4.07




    Regional analysis


    North America, Europe, Asia, and ROW




    Performing market contribution


    North America at 43%




    Key consumer countries


    US, UK, Germany, France, Japan, and China




    Competitive landscape


    Leading compani

The revenue in the 'Diagnostic Imaging Devices' segment of the medical technology market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 1.1 billion U.S. dollars (+25.64 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 5.34 billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the revenue in countries and regions like the revenue in the 'Diabetes Care Devices' segment of the medical technology market in the Middle East and North Africa and the revenue change in the 'Medical Devices' segment of the medical technology market in Indonesia. The Statista Market Insights cover a broad range of additional markets.

The global medical imaging market is experiencing robust growth, driven by technological advancements, an aging population with increasing prevalence of chronic diseases, and rising healthcare expenditure globally. The market is segmented by imaging modality (e.g., X-ray, CT, MRI, ultrasound, nuclear medicine) and application (e.g., diagnostics, therapeutic guidance, research). Technological innovations such as AI-powered image analysis, improved image resolution, and minimally invasive procedures are significantly impacting market growth. The integration of advanced imaging technologies with electronic health records (EHRs) and telehealth platforms is further fueling market expansion. While high equipment costs and stringent regulatory approvals present challenges, the long-term growth outlook remains positive, driven by increasing demand for advanced diagnostic tools and improved patient care. Major players like FUJIFILM, GE Healthcare, Philips, Siemens Healthineers, and Toshiba Medical Systems are actively engaged in research and development, strategic acquisitions, and partnerships to maintain their market positions and expand their product portfolios. Regional growth varies, with North America and Europe currently dominating the market due to high healthcare spending and advanced infrastructure. However, Asia-Pacific is projected to experience significant growth in the coming years, driven by rising healthcare awareness and increasing investments in healthcare infrastructure in emerging economies. The competitive landscape is characterized by both large multinational corporations and smaller specialized companies. Market consolidation through mergers and acquisitions is expected to continue, leading to greater innovation and improved efficiency. The increasing adoption of cloud-based solutions and big data analytics in medical imaging is transforming workflows and enhancing diagnostic capabilities. Furthermore, the focus on personalized medicine and precision diagnostics is driving demand for sophisticated imaging technologies capable of providing detailed anatomical and functional information. This trend, along with continuous improvements in image quality, resolution, and speed, will further propel the growth of the medical imaging market in the coming decade. Government initiatives aimed at improving healthcare infrastructure and access to quality care, especially in developing nations, will also contribute significantly to market expansion.

The Report Covers North America MRI Machine Companies and it is segmented by Architecture (Closed MRI Systems, Open MRI Systems), Field Strength (Low Field MRI Systems, Medium Field MRI Systems, Very High Field MRI Systems, and Ultra High MRI Systems), Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, Other Applications) and Geography (United States, Canada, and Mexico). The market provides the value (in USD million) for the above segments.

The report on North America Magnetic Resonance Imaging(Mri) Equipment covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

The medical imaging outsourcing market size was over USD 9.18 billion in 2024 and is projected to reach USD 15.87 billion by 2037, growing at around 4.3% CAGR during the forecast period i.e., between 2025-2037. North America industry is expected to account for largest revenue share of 47% by 2037, impelled by latest research and development activities in medical imaging in this region.

The size and share of the market is categorized based on Type (Repair Service, Maintenance Service) and Application (Ct Imaging Machine, X-ray Imaging Machine, MRI Machine, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The size and share of the market is categorized based on Type (Daily, Weekly, Annually) and Application (Medical Personnel, Medical Institutions) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).