by
Gus Iversen, Editor in Chief | January 20, 2026
The global market for refurbished medical imaging equipment is projected to reach $40.1 billion by 2032, growing at a compound annual rate of 15.07% from 2026, according to a report released by Verified Market Research.
The market was valued at approximately $13 billion in 2024.
The report cites affordability as a central factor driving growth, particularly in developing countries where budget constraints and expanding healthcare infrastructure are leading facilities to seek lower-cost diagnostic alternatives. Refurbished imaging systems, ranging from X-ray machines and ultrasound systems to MRI and CT scanners, are increasingly seen as viable options for hospitals and diagnostic centers seeking to balance performance with financial limitations.
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Environmental considerations are also influencing purchasing decisions, as healthcare providers look to minimize electronic waste and reduce their carbon footprint. The reuse of imaging equipment aligns with broader sustainability goals, adding a layer of appeal to refurbished options.
Despite these trends, the market continues to face several headwinds. Concerns about quality, performance, and limited warranties remain prevalent, especially in settings where access to technical support is inconsistent. Regulatory hurdles also present challenges, as navigating compliance for refurbished systems can be costly and time-consuming, particularly for smaller vendors.
Another limiting factor is the rapid pace of technological advancement in imaging. Newer systems with improved performance and expanded clinical capabilities may push some providers, especially in high-income regions, to opt for new equipment instead.
North America currently leads the refurbished imaging equipment market, driven by an established healthcare infrastructure and favorable reimbursement policies. Europe follows closely, while emerging markets in Asia-Pacific are expected to account for a growing share of global demand in the coming years.
The report cites major players in the space including Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, DRE Medical, and Atlantis Worldwide. The report segments the market by product type, clinical application, end-user, and geography.
