Refurbished Medical Imaging Equipment Market to Collect US$ 1,443.3 Mn by 2026, Says TMR - Seite 2

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Increase in R&D along with Mergers & Acquisitions to Boost Market Growth 

In terms of end-user, the global refurbished medical imaging equipment market has been divided into hospitals, diagnostic centers, ambulatory surgical centers, and others. The hospitals segment is likely to account for a major share of the global market during the forecast period. The hospitals and diagnostic centers segments are expected to account for over 70.0% market share by 2026. Growth of the segments is attributed to increase in research and development activities and strategic collaborations between manufacturers and leading institutes. For instance, in February 2018, Koninklijke Philips N.V. acquired AGITO Medical, the Denmark-based provider of third-party services and refurbished imaging solutions.

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Increase in Focus of Key Players in Asia Pacific to Present Significant Opportunities 

Based on region, the global refurbished medical imaging equipment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for major share of the global market owing to presence of key players, and increase in research and development activities. The refurbished medical imaging equipment market in Asia Pacific was valued at US$ 177.7 Mn in 2017 and is anticipated to witness strong growth during the forecast period. Increase in focus of key players to expand business in the region, large untapped population, well-established supply chain for distribution of refurbished medical imaging equipment, and rise in awareness about health care are anticipated to fuel the growth of the refurbished medical imaging equipment market in Asia Pacific. For instance, in March 2018, Canon Medical teamed up with the Kumamoto University and the University of Bordeaux for research on DLR (Deep Learning Reconstruction), an artificial intelligence based technology in magnetic resonance imaging.