Global Refurbished MRI Systems Market Size, Share, and COVID-19 Impact Analysis, By Architecture (Closed System and Open System), By Field Strength (Low Field Strength, Mid Field Strength, and High Field Strength), By End Use (Hospitals, Imaging Centers, Ambulatory Surgical Centers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Refurbished MRI Systems Market Insights Forecasts to 2035

• The Global Refurbished MRI Systems Market Size Was Estimated at USD 820.9 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.12% from 2025 to 2035
• The Worldwide Refurbished MRI Systems Market Size is Expected to Reach USD 1421.7 Million by 2035
• Asia Pacific is Expected to grow the fastest during the forecast period.

The Global Refurbished MRI Systems Market Size was worth around USD 820.9 Million in 2024 and is Predicted to Grow to around USD 1421.7 Million by 2035 with a Compound Annual Growth Rate (CAGR) of 5.12% from 2025 to 2035. The refurbished MRI systems offer a safe, cost-effective alternative to new equipment, meeting rising global demand for advanced diagnostics. Their affordability and growing supplier support are key drivers of sustained market growth.

Market Overview

The refurbished MRI systems market refers to the properly refurbished used magnetic resonance imaging scanner that satisfies original equipment manufacturer (OEM) requirements. To guarantee that these systems are secure, completely operational, and in compliance with clinical and regulatory requirements, they go through a rigorous testing, maintenance, and quality assurance process.

Healthcare establishments looking for excellent diagnostic capabilities without the high cost of new machines can find a cost-effective option in the market for used MRI systems. Financial limitations are the main driver of rising demand, particularly in smaller or emerging healthcare settings. Their attractiveness is increased by technological adaptability and the incorporation of fresh software into older devices. Market expansion is further supported by resource efficiency and environmental sustainability. The supply and interest are maintained by the availability of dependable, durable used systems. All things considered, reconditioned MRI machines are a wise investment for increasing access to high-quality imaging around the globe.

Report Coverage

This research report categorizes the refurbished MRI systems market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the refurbished MRI systems market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the refurbished MRI systems market.

Driving Factors

The market is driven by the rising demand for sophisticated diagnostic tools worldwide and the high cost of new MRI equipment. Refurbished systems provide a dependable, affordable substitute without sacrificing performance or safety. Demand is further increased by their non-ionizing imaging technique, which improves patient safety. Hospitals and clinics are drawn to refurbished solutions due to rising healthcare expenditures and tight budgets. Buyer confidence is boosted by the expanding number of reliable suppliers providing guarantees and assistance. All things considered, accessibility, affordability, and safety are fueling this market's steady expansion.

Restraining Factors

The market growth is hindered by the increasing demand. Some healthcare professionals may be put off by worries about the longevity and dependability of older technology, particularly in high-acuity settings. Purchase options may also be limited if certain models or configurations are not readily available. Furthermore, regulatory obstacles and regionally disparate quality requirements may make the clearance and refurbishing process more difficult.

Market Segmentation

The refurbished MRI systems market share is classified into architecture, field strength, and end use.

• The closed system segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the architecture, the refurbished MRI systems market is classified into closed system and open system. Among these, the closed system segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the traditional use of these systems. However, patients with claustrophobia have very little tolerance for closed systems, and they also run the risk of suffocating. As a result, businesses are investing in research to create cutting-edge open systems that claustrophobic patients would find more acceptable.

• The mid field strength segment accounted for the largest share in 2024 and is estimated to grow at a remarkable CAGR during the forecast period.

Based on the field strength, the refurbished MRI systems market is categorized into low field strength, mid field strength, and high field strength. Among these, the mid field strength segment accounted for the largest share in 2024 and is estimated to grow at a remarkable CAGR during the forecast period. MRI scanners are reasonably priced and help produce more precise images. These MRI devices can be used to image the brain, the belly, and the musculoskeletal system, among other diagnostic applications. Midfield strength systems are often less expensive to purchase and operate than high-field strength systems. They are therefore a well-liked choice for healthcare facilities with fewer resources and smaller clinics.

• The hospitals segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end use, the refurbished MRI systems market is categorized into hospitals, imaging centers, ambulatory surgical centers, and others. Among these, the hospitals segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the advanced hardware and software upgrades included with many used MRI systems, ensuring that they meet the latest imaging standards. Modern imaging techniques can be used in hospitals without requiring new equipment purchases. The market for reconditioned MRI equipment has been growing as a result of increased demand from medical establishments searching for less expensive options. This upward tendency is probably here to stay, especially as hospitals strive to enhance their imaging services.

Regional Segment Analysis of the Refurbished MRI Systems Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the refurbished MRI systems market over the predicted timeframe.

North America is anticipated to hold the largest share of the refurbished MRI systems market over the predicted timeframe. The regional growth can be attributed to the need for sophisticated imaging technologies like MRI, which is being driven by the growing incidence of chronic illnesses. Because of its robust supply base and technological know-how, North America is predicted to continue to dominate the industry. Refurbished MRI systems provide a dependable and reasonably priced solution.  Warranties and service contracts also contribute to market expansion and confidence.

Asia Pacific is expected to grow at a rapid CAGR in the refurbished MRI systems market during the forecast period. It is expected that new laws in the area would simplify the process and promote the expansion of the regional market. Regulations concerning the requirements for registering reconditioned medical equipment were developed by the Malaysian Medical Device Authority (MDA) in February 2022. There are two registration processes for reprocessed medical equipment: ROUTE (A) for the original supplier and ROUTE (B) for third-party refurbishers. The expansion of the regional market is anticipated to be aided by lucrative growth prospects in developing nations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the refurbished MRI systems market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Radiology Oncology Systems
• Koninklijke Philips N.V.
• Integrity Medical Systems, Inc.
• GE Healthcare
• Avante Health Solutions
• CANON MEDICAL SYSTEMS CORPORATION
• Siemens Healthineers
• Aegys
• SOMA Technology
• Amber Diagnostics
• MedScanner
• Block Imaging
• LBN Medical
• DirectMed Imaging
• Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In May 2023, Siemens Healthineers partnered with CommonSpirit Health to buy Block Imaging. Block Imaging offers remanufactured medical equipment, service, and components.  The acquisition aims to stimulate initiatives to repair and reuse equipment, provide value for consumers and their patients, and reduce waste.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the refurbished MRI systems market based on the below-mentioned segments: 

Global Refurbished MRI Systems Market, By Architecture

• Closed System
• Open System

Global Refurbished MRI Systems Market, By Field Strength

• Low Field Strength
• Mid Field Strength
• High Field Strength

Global Refurbished MRI Systems Market, By End Use

• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others

Global Refurbished MRI Systems Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa