Remanufactured Medical Imaging Device Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - GE Healthcare, Siemens, Philips, Hitachi

Registering a CAGR of 5.1% over the forecast period of 2022-2027, the global remanufactured medical imaging device market is anticipated to reach the market value of US$ 3892 million in the year 2027 from US$ 2747.6 million in the year 2020.

Remanufactured Medical Imaging Device Market Overview

Growing demand for economic and eco-friendly medical equipment by healthcare professionals coupled with cost curbing advantage of these equipment are the major factors driving the global market. Remanufacturing of medical equipment includes conditioning, processing, renovating, repackaging, and installing additional updates and features to the finished device. Furthermore, a broad shift of various healthcare institutes towards value-driven healthcare, increasing demand for advanced digital diagnostic imaging systems, degradation in reimbursement policies regarding medical imaging devices, and constant dominance of sales of remanufactured medical equipment are also propelling the market.

Moreover, the market is gaining traction as a result of several reasons, comprising the growing percentage of geriatrics in the global population, the incidence of target illnesses, the increasing desire for early identification of incurable diseases, and the introduction of novel applications. Increasing cost-cutting requirements on healthcare institutions, as well as the dangers associated with these devices, are projected to constrain the market during the forecast period.

Who are the Major Players in Remanufactured Medical Imaging Device Market?

Top Key players in the Remanufactured Medical Imaging Device Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Remanufactured Medical Imaging Device Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes GE Healthcare , Inc. (Other OTC:GENN), Siemens, Philips, Hitachi Ltd. (Other OTC:HTHIY), Canon Medical Systems, Ultra Solutions, Block Imaging, Providian Medical, Agito Medical, LBN Medical, Soma Technology and others.

Recent Developments:

Wipro GE Healthcare Boosts Local Manufacturing in India, New Factory Under PLI Goes Live

March 31st, 2022

GE Healthcare, a leading global medical technology and digital solutions innovator, today announced the launch of its new manufacturing facility in Bengaluru, India, under the Indian Government’s Production Linked Incentive (PLI) Scheme. The new plant, Wipro GE Medical Device Manufacturing factory (MDM), is aligned to the National Agenda of ‘Atmanirbhar Bharat’ and will further boost local manufacturing of medical devices in India.

25 March 2022: Siemens Healthineers launches latest innovations in medical imaging

Based on the revolutionary direct signal conversion of its QuantaMax detector, NAEOTOM Alpha offers high-resolution images at minimal dose, spectral information in every scan, and improved contrast at lower noise. Photon-counting CT will advance medical diagnostics towards precise, non-invasive diagnosis in cardiology, pulmonology, oncology, and emergency medicine.

Mar 14, 2022: Philips introduces new cloud-enabled enterprise imaging informatics and analytics solutions at HIMSS22

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, announced its latest introductions in analytics and interoperability solutions at the HIMSS22 Global Health Conference & Exhibition. Philips HealthSuite Interoperability is a fully integrated cloud-enabled Health IT platform to meet diverse workflow needs across the imaging enterprise.

What are the major Applications, Types and Regions for Remanufactured Medical Imaging Device Market?

By Type, Remanufactured Medical Imaging Device Market has been segmented into 

• X-Ray System


• Ultrasound System


• CT System


• MRI System


• Others

By Application, Remanufactured Medical Imaging Device Market has been segmented into 

• Hospital


• Clinic


• Others

Regional Analysis of Remanufactured Medical Imaging Device Market:

North America is likely to account for a sizeable chunk of the global remanufactured medical imaging devices market throughout the tenure of analysis, from 2022 to 2037. Presence of many leading market players together with technological advancement in the medical device sector is anticipated to foster growth of the regional market. Additionally,  owing to favorable reimbursement policies pertaining to these equipment and increasing adoption rates as a consequence of rationalizing healthcare budgets are further expected to accentuate regional growth of the global remanufactured medical imaging devices market over the forecast period. Asia Pacific is anticipated to witness lucrative growth over the next few years due to extended government support for the development of medical imaging devices in this region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Remanufactured Medical Imaging Device Market report scope?

Key Takeaways from this Remanufactured Medical Imaging Device Report

• Evaluate Remanufactured Medical Imaging Device market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Remanufactured Medical Imaging Device market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Remanufactured Medical Imaging Device Market is studied from 2017 - 2027.

What is the growth rate of Remanufactured Medical Imaging Device Market?

The Remanufactured Medical Imaging Device Market is growing at a CAGR of 5.1% over the next 5 years.

Who are the leading key players in Remanufactured Medical Imaging Device Market?

GE Healthcare , Inc. (Other OTC:GENN), Siemens, Philips, Hitachi Ltd. (Other OTC:HTHIY), Canon Medical Systems, Ultra Solutions, Block Imaging, Providian Medical, Agito Medical, LBN Medical, Soma Technology and others.

What regions regions does this Remanufactured Medical Imaging Device Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Remanufactured Medical Imaging Device Market?

X-Ray System, Ultrasound System, CT System, MRI System, Others

What are the significant Applications of Remanufactured Medical Imaging Device Market?

Hospital, Clinic, Others.

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