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Refurbished MRI Systems Market Size, Trends, Analysis, and Outlook By Architecture (Open System, Closed System), By Field Strength, Low Field Strength, Mid Field Strength, High Field Strength), By End-user ( Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others), by Region, Country, Segment, and Companies, 2024-2030

March 2024 | 190 pages | ID: R9A4A0D5BE9AEN
VPAResearch

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The global Refurbished MRI Systems market size is poised to register 9.6% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Refurbished MRI Systems market across By Architecture (Open System, Closed System), By Field Strength, Low Field Strength, Mid Field Strength, High Field Strength), By End-user ( Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others).

The Refurbished MRI (Magnetic Resonance Imaging) Systems market is witnessing significant growth due to the increasing demand for diagnostic imaging services, the high cost of new MRI systems, and the availability of refurbished equipment at lower prices. MRI is a non-invasive imaging technique used to visualize internal body structures and organs with high resolution and contrast. Factors such as the growing burden of chronic diseases, the rising prevalence of musculoskeletal and neurological disorders, and the expanding application of MRI in oncology, cardiology, and neuroimaging are driving market expansion. Additionally, advancements in refurbishment technologies and quality assurance processes, including magnet cryogen refills, gradient coil replacements, and software upgrades, are fueling innovation in the market. Moreover, the increasing adoption of refurbished MRI systems by hospitals, imaging centers, and specialty clinics, the expansion of refurbished equipment vendors and service providers, and the rising demand for portable and compact MRI systems in point-of-care settings are driving market growth. Furthermore, efforts to ensure compliance with regulatory standards, improve image quality and system performance, and provide comprehensive warranty and maintenance services for refurbished MRI systems are expected to further propel market growth in the foreseeable future.

Refurbished MRI Systems Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Refurbished MRI Systems market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Refurbished MRI Systems survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Refurbished MRI Systems industry.

Key market trends defining the global Refurbished MRI Systems demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Refurbished MRI Systems Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Refurbished MRI Systems industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Refurbished MRI Systems companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Refurbished MRI Systems industry

Leading Refurbished MRI Systems companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Refurbished MRI Systems companies.

Refurbished MRI Systems Market Study- Strategic Analysis Review

The Refurbished MRI Systems market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Refurbished MRI Systems Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Refurbished MRI Systems industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Refurbished MRI Systems Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Refurbished MRI Systems Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Refurbished MRI Systems market segments. Similarly, Strong end-user demand is encouraging Canadian Refurbished MRI Systems companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Refurbished MRI Systems market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Refurbished MRI Systems Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Refurbished MRI Systems industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Refurbished MRI Systems market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Refurbished MRI Systems Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Refurbished MRI Systems in Asia Pacific. In particular, China, India, and South East Asian Refurbished MRI Systems markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Refurbished MRI Systems Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Refurbished MRI Systems Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Refurbished MRI Systems market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Refurbished MRI Systems.

Refurbished MRI Systems Market Company Profiles

The global Refurbished MRI Systems market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Koninklijke Philips N.V., GE HealthCare, Siemens Healthcare GmbH, Canon Medical System Corp, Avante Health Solutions, MRI Medical Equipment, Integrity Medical Systems Inc, Radio Oncology Systems Inc, Block Imaging

Recent Refurbished MRI Systems Market Developments

The global Refurbished MRI Systems market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Refurbished MRI Systems Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Architecture

Open System

Closed System

By Field Strength

Low Field Strength

Mid Field Strength

High Field Strength

By End-user

Hospitals

Imaging Centers

Ambulatory Surgical Centers

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Koninklijke Philips N.V.

GE HealthCare

Siemens Healthcare GmbH

Canon Medical System Corp

Avante Health Solutions

MRI Medical Equipment

Integrity Medical Systems Inc

Radio Oncology Systems Inc

Block Imaging

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Refurbished MRI Systems Market Overview and Key Findings, 2024
1.2 Refurbished MRI Systems Market Size and Growth Outlook, 2021- 2030
1.3 Refurbished MRI Systems Market Growth Opportunities to 2030
1.4 Key Refurbished MRI Systems Market Trends and Challenges
  1.4.1 Refurbished MRI Systems Market Drivers and Trends
  1.4.2 Refurbished MRI Systems Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Refurbished MRI Systems Companies

2. REFURBISHED MRI SYSTEMS MARKET SIZE OUTLOOK TO 2030

2.1 Refurbished MRI Systems Market Size Outlook, USD Million, 2021- 2030
2.2 Refurbished MRI Systems Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. REFURBISHED MRI SYSTEMS MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. REFURBISHED MRI SYSTEMS MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Architecture
Open System
Closed System
By Field Strength
Low Field Strength
Mid Field Strength
High Field Strength
By End-user
Hospitals
Imaging Centers
Ambulatory Surgical Centers
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Refurbished MRI Systems Market, 2025
5.2 Asia Pacific Refurbished MRI Systems Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Refurbished MRI Systems Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Refurbished MRI Systems Market, 2025
5.5 Europe Refurbished MRI Systems Market Size Outlook by Type, 2021- 2030
5.6 Europe Refurbished MRI Systems Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Refurbished MRI Systems Market, 2025
5.8 North America Refurbished MRI Systems Market Size Outlook by Type, 2021- 2030
5.9 North America Refurbished MRI Systems Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Refurbished MRI Systems Market, 2025
5.11 South America Pacific Refurbished MRI Systems Market Size Outlook by Type, 2021- 2030
5.12 South America Refurbished MRI Systems Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Refurbished MRI Systems Market, 2025
5.14 Middle East Africa Refurbished MRI Systems Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Refurbished MRI Systems Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Refurbished MRI Systems Market Size Outlook and Revenue Growth Forecasts
6.2 US Refurbished MRI Systems Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Refurbished MRI Systems Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Refurbished MRI Systems Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Refurbished MRI Systems Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Refurbished MRI Systems Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Refurbished MRI Systems Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Refurbished MRI Systems Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Refurbished MRI Systems Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Refurbished MRI Systems Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Refurbished MRI Systems Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Refurbished MRI Systems Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Refurbished MRI Systems Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Refurbished MRI Systems Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Refurbished MRI Systems Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Refurbished MRI Systems Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Refurbished MRI Systems Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Refurbished MRI Systems Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Refurbished MRI Systems Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Refurbished MRI Systems Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Refurbished MRI Systems Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Refurbished MRI Systems Industry Drivers and Opportunities

7. REFURBISHED MRI SYSTEMS MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. REFURBISHED MRI SYSTEMS COMPANY PROFILES

8.1 Profiles of Leading Refurbished MRI Systems Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Koninklijke Philips N.V.
GE HealthCare
Siemens Healthcare GmbH
Canon Medical System Corp
Avante Health Solutions
MRI Medical Equipment
Integrity Medical Systems Inc
Radio Oncology Systems Inc
Block Imaging

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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