Medical imaging equipment is essential for diagnosis and treatment of various medical conditions. However, the high cost of new equipment can be a challenge for healthcare providers, especially in countries where healthcare budgets are limited. Refurbished medical imaging equipment has emerged as a cost-effective solution for healthcare providers, allowing them to access high-quality imaging equipment at a lower cost. This report provides an overview of the European refurbished medical imaging equipment market, including market size, growth trends, and key players.
The European refurbished medical imaging equipment market is expected to rise by USD 174.6 million with a CAGR of 4.7% during the forecast period. The market is driven by the increasing demand for cost-effective healthcare solutions, the growing prevalence of chronic diseases, and the need for advanced diagnostic imaging technologies.
Research Coverage
The market is segmented based on product type into X-ray machines, MRI scanners, CT scanners, ultrasound machines, and positron emission tomography (PET) scanners. The X-ray machines segment dominated the market in 2020, accounting for over 30% of the market share. This is due to the high demand for X-ray machines in diagnostic imaging and the availability of a wide range of refurbished X-ray machines in the market.
The European market for refurbished medical imaging equipment is primarily controlled by original equipment manufacturers (OEMs), although there is also a presence of independent service vendors (ISVs) and brokers who sell reconditioned imaging modalities. OEMs mainly distribute their products through direct sales, followed by sales via their subsidiaries and hospital contracts.
Competitive Landscape
In recent years, there has been an increase in demand for refurbished medical imaging equipment due to the high cost of new equipment and the need for budget-friendly options, especially during the economic recovery phase following the pandemic. The refurbished equipment market has also gained traction due to the growing awareness of the environmental impact of electronic waste. The OEMs in the European refurbished medical imaging equipment market include GE HealthCare Technologies Inc., Siemens Healthineers AG, Koninklijke Philips N.V., Canon Medical Systems Corporation, and Hitachi, Ltd. These companies offer a range of refurbished equipment, including MRI systems, CT scanners, ultrasound systems, and X-ray systems. They also provide installation, maintenance, and repair services for their equipment.
Meanwhile, ISVs specialize in refurbishing and selling used medical imaging equipment, offering customized solutions to meet the specific needs of their clients, while brokers act as intermediaries between buyers and sellers of used equipment. ISVs in the European refurbished medical imaging equipment market include Soma Technology, Inc., LBN Medical ApS, and AGITO Medical A/S.
The key players in the European refurbished medical imaging equipment market include AGITO Medical A/S, Canon Medical Systems Corporation, ElsMed Ltd., GE HealthCare Technologies Inc., Hitachi, Ltd., Koninklijke Philips N.V., LBN Medical ApS, Siemens Healthineers AG, Soma Technology, Inc. among others.
Table of Contents
Table of Contents
Figures and Tables
1. Introduction
1.1 Definition
1.2 Market Segment
2. Research Methodology
2.1 Primary Research
2.2 Secondary Research
2.3 Information Sources
3. Market Overview
4. Europe Refurbished Medical Imaging Equipment Market – Product Analysis
4.1 C-arms
4.2 Computed tomography (CT) scanners
4.3 General X-ray machines
4.4 Interventional radiology (IXR) systems
4.5 Magnetic resonance imaging (MRI) scanners
4.6 Ultrasound machines
5. Europe Refurbished Medical Imaging Equipment Market – Nature Of Participants Analysis
5.1 Independent service vendors (ISVs)
5.2 Original equipment manufacturers (OEMs)
6. Europe Refurbished Medical Imaging Equipment Market – Country Analysis
6.1 Benelux
6.2 France
6.3 Germany
6.4 Italy
6.5 Spain
6.6 UK
6.7 Others
7. Company Profiles
7.1 AGITO Medical A/S
7.2 Canon Medical Systems Corporation
7.3 ElsMed Ltd.
7.4 GE HealthCare Technologies Inc.
7.5 Hitachi, Ltd.
7.6 Koninklijke Philips N.V.
7.7 LBN Medical ApS
7.8 Siemens Healthineers AG
7.9 Soma Technology, Inc.
DISCLAIMER
Companies Mentioned
AGITO Medical A/S
Canon Medical Systems Corporation
ElsMed Ltd.
GE HealthCare Technologies Inc.
Hitachi, Ltd.
Koninklijke Philips N.V.
LBN Medical ApS
Siemens Healthineers AG
Soma Technology, Inc.