Refurbished MRI Systems Market Expansion 2024-2033: Growth Drivers and Dynamics

The refurbished mri systems global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Refurbished MRI Systems Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The refurbished MRI systems market size has grown rapidly in recent years. It will grow from $0.70 billion in 2023 to $0.77 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to the need for cost-effective solutions, limitations in healthcare budgets, rise in overall healthcare expenditures, increasing prevalence of chronic diseases, and demand for advanced diagnostic tools.

The refurbished MRI systems market size is expected to see rapid growth in the next few years. It will grow to $1.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising demand for affordable medical devices, increasing awareness about healthcare benefits, expanding aging population demographics, government initiatives to improve healthcare, and efforts to improve healthcare access. Major trends in the forecast period include technological advancements in refurbishment processes, rising availability of certified pre-owned MRI systems, expansion of independent refurbishing companies, enhanced focus on sustainability and eco-friendly practices, and growth in online sales channels and platforms.

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Scope Of Refurbished MRI Systems Marke
tThe Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Refurbished MRI Systems Market Overview

Market Drivers –
The increasing demand for healthcare services is expected to propel the growth of the refurbished MRI systems market going forward. Healthcare services encompass a range of medical and wellness treatments, including preventive, diagnostic, therapeutic, and palliative care, provided to individuals to maintain or improve their health. Various factors behind the increasing demand for healthcare services include an aging population, the rising prevalence of chronic diseases, advances in medical technology, and expanded healthcare access. Refurbished MRI systems play a role in meeting the increasing demand for healthcare services by providing cost-effective, high-quality imaging solutions that enhance diagnostic capabilities and accessibility. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, between 2020 and 2021, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. Furthermore, spending on preventive care was $45.72 billion in 2021, more than doubling from 2020. Therefore, increasing demand for healthcare services drives the refurbished MRI systems market.

Market Trends –
Major companies operating in the refurbished MRI systems market are increasing their focus on developing strategic partnerships to open refurbished MRI departments to provide patients with a more comfortable and accessible MRI experience. A refurbished MRI department is a medical facility that houses previously-owned MRI systems that have undergone thorough maintenance and upgrades to ensure optimal performance, providing cost-effective imaging services to patients. For instance, in April 2021, Surrey and Sussex Healthcare NHS Trust (SASH), a UK-based trust that provides acute and complex services at East Surrey Hospital, in partnership with InHealth Group, a UK-based provider of diagnostic and healthcare solutions, opened a refurbished MRI department with new wide bore scanners at East Surrey Hospital. This features state-of-the-art Siemens Sola MRI scanners and a ceiling-mounted MRI injector system, offering a modern clinical environment operating from 7 a.m. to 10 p.m. Monday to Friday, enhancing patient accessibility. The adoption of wide-bore MRI scanners and cutting-edge technology in partnership with InHealth signifies a significant advancement in the refurbished MRI systems market, prioritizing patient comfort, accessibility, and imaging quality and setting a benchmark for cost-effective upgrades in hospitals.

The refurbished mri systems market covered in this report is segmented –

1) By Architecture: Closed System, Open System
2) By Field Strength: Low Field Strength, Mid Field Strength, High Field Strength
3) By End Use: Hospitals, Imaging Centres, Ambulatory Surgical Centres, Other End Users

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Regional Insights –
North America was the largest region in the refurbished MRI systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refurbished mri systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –
Major companies operating in the refurbished mri systems market are Hitachi Ltd., Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, Hologic Inc., Canon Medical Systems Corporation, Shimadzu Corporation, Onex Corporation (Carestream Health), Cameco Corp., Barco N.V., First Source Inc., Oxford Instruments Healthcare, Esaote SpA, Nordion Inc., Block Imaging International Inc., Meridian Leasing, Radio Oncology Systems Inc., Soma Technology Inc., Amber Diagnostics, Innovative Imaging Technologies, Avante Health Solutions, Integrity Medical Systems Inc., LBN Medical, DirectMed Parts & Service LLC, EverX Pty Ltd., Atlantis Worldwide LLC, BMI Biomedical International, TRACO Medical, Tekyard Medical

Table of Contents
1. Executive Summary
2. Refurbished MRI Systems Market Report Structure
3. Refurbished MRI Systems Market Trends And Strategies
4. Refurbished MRI Systems Market – Macro Economic Scenario
5. Global Refurbished Magnetic Resonance Imaging (MRI) Systems Market Size and Growth
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32. Global Refurbished Magnetic Resonance Imaging (MRI) Systems Market Competitive Benchmarking
33. Global Refurbished Magnetic Resonance Imaging (MRI) Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Refurbished Magnetic Resonance Imaging (MRI) Systems Market
35. Refurbished Magnetic Resonance Imaging (MRI) Systems Market Future Outlook and Potential Analysis
36. Appendix

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