Refurbished Medical Imaging Devices Market Size

Refurbished Medical Imaging Devices Market Size

Refurbished Medical Imaging Devices Market was valued at around USD 5 billion in 2023 and is estimated to register a CAGR of over 7.5% between 2024 & 2032. Refurbished medical imaging devices are previously owned medical imaging equipment that has been restored to a condition suitable for reuse. New medical imaging devices such as MRI machines, computed tomography scanners, and ultrasound equipment come with significant price tags.

For instance, X-ray machines vary widely in cost; portable X-ray devices range from USD 5,000 to USD 60,000, while stationary systems range from USD 35,000 to over USD 200,000. Furthermore, MRI system which is estimated to reach USD 12 billion by 2032, can cost from USD 150,000 to over USD 3 million, with 1.5T and 3.0T units priced between USD 200,000 and USD 375,000. Thus, this high initial investment can be prohibitive for many healthcare facilities, especially smaller clinics, or those in developing regions. Therefore, refurbished medical imaging devices offer a cost-effective alternative, enabling providers to obtain essential equipment at lower costs without sacrificing quality.

Furthermore, as medical imaging technology evolves, healthcare facilities often seek to upgrade their equipment to incorporate newer models and advanced features. Refurbished medical imaging devices provide a cost-efficient solution for facilities to enhance their imaging capabilities without investing in brand-new equipment. This enables them to leverage newer technologies and improve patient care quality.