LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global refurbished medical imaging equipment market report. This research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.

Most of the global population does not have access to quality healthcare services, especially in the developing countries. High R&D and manufacturing costs are involved in the design and development of new advanced medical imaging equipment. Hence, new medical imaging equipment is highly expensive. The cost burden will be more when coupled with the installation and maintenance charges for the equipment, making them unaffordable for many hospitals and diagnostic centers due to budget constraints.

The private healthcare institutions are growing at a significant rate globally. Generally, private hospitals are profit driven, in which management has autonomous control over pricing and quality of the services provided. Due to the increased privatization, the demand for quality treatment has increased, leading to the procurement of advanced devices. Hence, the preference for cost-effective alternatives that offer quality services at affordable prices has increased among the private hospitals and diagnostic centers.

Competitive vendor landscape

“The global refurbished medical imaging equipment market is highly fragmented with the presence of many regional and international vendors. Vendors are focusing on increasing their market penetration by offering financing alternatives such as leasing and contract of refurbished medical imaging equipment and a regular program of upgrading refurbished medical imaging equipment,” says Ramakrishna Edupulapati, a lead medical imaging research analyst from Technavio.

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Top six refurbished medical imaging equipment market vendors

Atlantis Worldwide

Atlantis Worldwide is a worldwide provider of used, refurbished, and new medical imaging systems and services. The company provides cost-effective service solutions, financing, installation, training, and consultation. Its specialties include sale and purchase of used medical equipment, high-quality refurbishing of imaging systems, equipment installation and deinstallation, complete turnkey projects, and interim rental.

Block Imaging

Block Imaging is a global provider of pre-owned and refurbished medical imaging systems, parts, services, and online training. It has four offices worldwide and serves more than 100 countries. It deals with a wide range of medical imaging equipment and spare parts for MRI, CT, PET/CT, digital X-ray, C-arm, cath lab, mammography, bone densitometer, and CR.

GE Healthcare

GE Healthcare is a unit of General Electric Company. The company provides a wide range of products and services that include medical imaging and information technologies, electronic medical records, medical diagnostics, patient monitoring systems, drug discovery, and biopharmaceutical manufacturing technologies.

Philips Healthcare

Philips Healthcare is a subsidiary of Koninklijke Philips. It offers products related to health and wellness, personal care, domestic appliances, diagnostic imaging, image-guided therapy, ultrasound, patient care and monitoring solutions, healthcare informatics solutions and services, and population health management.

Siemens Healthineers

Siemens Healthineers (formerly known as Siemens Healthcare) is a global healthcare and medical technology company, which manufactures and provides clinical diagnostics and therapeutic systems. The company is organized into six business areas, namely, diagnostic imaging, laboratory diagnostics, advanced therapies, ultrasound, point of care diagnostics, and services.

Toshiba Medical Systems

Toshiba Medical Systems is a fully-owned subsidiary of Canon. It is a medical equipment company, which develops, manufactures, sells, and offers technical services for medical equipment. The company's product portfolio includes diagnostic X-ray systems, medical X-ray CT systems, MRI systems, diagnostic ultrasound systems, radiation therapy systems, diagnostic nuclear medicine systems, medical sample testing equipment, and information systems for medical equipment.