Press release
Refurbished MRI Systems Market on Fast Track: Projected 5.1% CAGR to Push Valuation to USD 1,352.69 million by 2034
Refurbished MRI Systems Market
Polaris Market Research projects the global refurbished MRI systems market to reach a valuation of nearly USD 1,352.69 million by the end of 2034 from USD 824.53 million in 2024, with a CAGR of 5.1% during the forecast period from 2025 to 2034.
Market Overview
Refurbished MRI systems are previously used magnetic resonance imaging machines that have undergone thorough inspection, testing, and servicing to restore them to full operational condition. These systems often have worn components replaced with updated parts and are offered at a lower cost compared to new models, while still meeting clinical diagnostic imaging requirements. Refurbished MRI systems typically come with warranties covering key components to ensure reliability and performance.
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Market Drivers
Cost Effectiveness: A foremost market driver of the market is significant cost savings slinked with obtaining second-hand MRI systems compared to investing in new systems. Hospitals and diagnostic centers, especially those with budget restrictions or in regions with repressed healthcare spending, find refurbished MRI systems as an alluring option to meet their imaging requirements without sustaining sizeable capital disbursement, catapulting the refurbished MRI systems market on a growth trajectory.
Technological Progressions: Ongoing advancements and innovations in MRI technology, along with the scalability of existing systems, are driving market growth. While new MRI models showcase advanced features, many fundamental benefits and diagnostic capabilities of slightly older proprietary models remain highly relevant and clinically valuable.
Company Insights
The competitive landscape of the market is shaped by a combination of specialized refurbishers and original equipment manufacturers (OEMs) supplying certified pre-owned devices. Some of the key players currently in the market include:
• Atlantis Worldwide Corp.
• Block Imaging International, Inc.
• Canon Medical Systems Corporation (Canon Inc.)
• DOTmed, Inc.
• Esaote S.p.A.
• GE HealthCare Technologies Inc.
• Hitachi Healthcare (Hitachi, Ltd.)
• Philips Healthcare (Koninklijke Philips N.V.)
• Siemens Healthineers AG
• Soma Technology, Inc.
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Refurbished MRI Systems Market Report Highlights:
📚 By architecture, the closed system segment currently holds the largest market share globally due to its established presence, wider range of clinical applications, and the resulting larger pool of pre-owned units available for refurbishment.
📚 By field strength, the mid field strength segment presently commands the largest market share due to its versatility and cost-effectiveness, making it a popular choice for a broad range of clinical applications across various regions.
📚 By end use, the hospitals segment currently accounts for the largest market share due to the substantial volume of diagnostic imaging procedures performed in these facilities and their continuous need for MRI systems.
📚 By region, North America and Europe have historically been significant markets, characterized by well-established healthcare systems and a substantial installed base of MRI units, leading to a consistent supply of pre-owned systems. The Asia Pacific region is emerging as a high-growth market, driven by increasing healthcare expenditure, expanding access to medical services, and a growing awareness of advanced diagnostic imaging.
Market Segmentation
The refurbished MRI systems market is broadly segmented based on architecture, field strength, end use, and region.
Based on architecture, the closed system segment holds the largest market share, driven by the entrenched existence of closed-bore MRI systems in the healthcare landscape.
Based on field strength, the mid-field strength segment accounts for the largest revenue share owing to the versatility and economy of mid-field MRI systems, which balance between image quality, scan time, and capital funding.
By Architecture Outlook (Revenue-USD Million, 2020-2034)
• Closed System
• Open System
By Field Strength Outlook (Revenue-USD Million, 2020-2034)
• Low Field Strength
• Mid Field Strength
• High Field Strength
By End Use Outlook (Revenue-USD Million, 2020-2034)
• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others
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Regional Insights
By Regional Outlook (Revenue-USD Million, 2020-2034)
🔹 North America
» US
» Canada
🔹 Europe
» Germany
» France
» UK
» Italy
» Spain
» Netherlands
» Russia
» Rest of Europe
🔹 Asia Pacific
» China
» Japan
» India
» Malaysia
» South Korea
» Indonesia
» Australia
» Rest of Asia Pacific
🔹 Middle East & Africa
» Saudi Arabia
» UAE
» Israel
» South Africa
» Rest of Middle East & Africa
🔹 Latin America
» Mexico
» Brazil
» Argentina
» Rest of Latin America
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