Europe Refurbished Medical Imaging Equipment Market, 2023-2028
Exclusive deal : 20% Instant discount on Direct purchases! Don't wait—claim your discount today!
Market Overview
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.
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.
Competitive Landscape
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.
Key Questions Answered
What is the projected market size of refurbished medical imaging equipment in Europe by 2028
Which product segment generates the most substantial revenue
Which nature of participants segment achieves the highest performance in the refurbished medical imaging equipment market
Within the market, which country segment has secured the leading position
Who are the key players with the largest market share in the refurbished medical imaging equipment market
What is the estimated global market size for the refurbished medical imaging equipment market in 2023
What are the main factors driving the growth of the refurbished medical imaging equipment market
What is the expected incremental growth of the refurbished medical imaging equipment market during the forecast period
1. Scope and Methodology
1.1 Introduction
1.2 Report Scope
1.3 Research Methodology
2. Executive Summary
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. Patents Analysis
8. Competitive Landscape
8.1 Competitive Scenario
8.2 Market Positioning/Share Analysis
8.3 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
9. Company Profiles
9.1 AGITO Medical A/S
9.2 Canon Medical Systems Corporation
9.3 ElsMed Ltd.
9.4 GE HealthCare Technologies Inc.
9.5 Hitachi, Ltd.
9.6 Koninklijke Philips N.V.
9.7 LBN Medical ApS
9.8 Siemens Healthineers AG
9.9 Soma Technology, Inc.
APPENDIX
DISCLAIMER
Research Methodology:
Europe Refurbished Medical Imaging Equipment Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
| Market Size |
|
|
| Market Position of Top Company |
|
|
| Qualitative Analysis |
|
|
Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
|
|
| Total Market |
|
|