Refurbished MRI Systems Market Size, Share & Trends Analysis Report By Architecture, By Field Strength, By Technology, By Region, And Segment Forecasts, 2025 - 2030
The global refurbished MRI systems market size is anticipated to reach USD 1,108.3 million by 2030, expanding at a CAGR of 5.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. High cost of new MRI systems, growing prevalence of chronic disorders and increasing demand for healthcare services are the major factors contributing to the market growth. High cost of new MRI equipment has prompted many healthcare facilities to adopt more cost-effective alternatives. Refurbished MRI systems provide advanced solutions, helping healthcare providers to leverage advanced imaging technology without imposing a heavy financial burden.
Continuous advancements in MRI technology result in the regular replacement of older systems with advanced devices. This continuous cycle of upgrades ensures a constant availability of used MRI machines that can be refurbished and offered to end-users that may not have the means to invest in the latest models. Budgetary limitations present a prevalent challenge for numerous healthcare facilities, particularly in smaller clinics and underserved regions. Refurbished MRI systems serve as a valuable solution to address this issue, offering a cost-effective way to fulfill the increasing need for diagnostic imaging services.
Furthermore, more accurate diagnosis and treatment planning has become possible due to improvements in MRI image quality and software advancements in MRI systems. This enhancement results from stronger fields, better coils, and more sophisticated picture reconstruction techniques. Faster scanning methods, such as parallel imaging and compressed sensing, have shortened scan times, enhancing patient comfort during MRI treatments while boosting productivity for healthcare facilities.
Refurbished MRI Systems Market Report Highlights:
Based on architecture, closed systems dominated the market in 2024 by capturing a share of 72.0% as its enclosed design enables precise selection of image slices and ensures error-free analysis
Based on field strength, the mid field strength segment dominated the market with a share of 45.9%. The high field strength segment is expected to grow at the fastest rate over the forecast period
Based on end-use, hospitals held a market share of 37.8% in the year 2024. MRI systems require skilled professionals to operate their complex process and high quality and durable equipment available in hospitals
North America dominated the market with a share of 35.7% in 2024. The market is competitive, with both established companies and emerging players striving to capture market share through product innovation, mergers, acquisitions, and partnerships. Thus, the presence of the key players in this region enhances the industry growth
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Architecture
1.2.2. Field Strength
1.2.3. End Use
1.3. Estimates and Forecast Timeline
1.4. Research Methodology
1.5. Information Procurement
1.5.1. Purchased Database
1.5.2. GVR's Internal Database
1.5.3. Secondary Sources
1.5.4. Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Models
1.7. Market Formulation & Data Visualization
1.8. Model Details
1.8.1. Commodity Flow Analysis
1.9. List of Secondary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Refurbished MRI Systems Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. Business Environment Analysis
3.3.1. Industry Analysis - Porter's Five Forces Analysis
3.3.1.1. Supplier Power
3.3.1.2. Buyer Power
3.3.1.3. Substitution Threat
3.3.1.4. Threat of New Entrants
3.3.1.5. Competitive Rivalry
3.3.2. PESTLE Analysis
Chapter 4. Refurbished MRI Systems Market: Architecture Business Analysis
4.1. Architecture Market Share, 2024 & 2030
4.2. Architecture Segment Dashboard
4.3. Market Size & Forecasts and Trend Analysis, by Architecture, 2018 to 2030 (USD Million)
4.4. Closed system
4.4.1. Closed System Market, 2018 - 2030 (USD Million)
4.5. Open System
4.5.1. Open System Market, 2018 - 2030 (USD Million)
Chapter 5. Refurbished MRI Systems Market: Field Strength Business Analysis
5.1. Field Strength Market Share, 2024 & 2030
5.2. Field Strength Segment Dashboard
5.3. Market Size & Forecasts and Trend Analysis, by Field Strength, 2018 to 2030 (USD Million)
5.4. Low Field Strength
5.4.1. Low Field Strength Market, 2018 - 2030 (USD Million)
5.5. Mid Field Strength
5.5.1. Mid Field Strength Market, 2018 - 2030 (USD Million)
5.6. High Field Strength
5.6.1. High Field Strength Market, 2018 - 2030 (USD Million)
Chapter 6. Refurbished MRI Systems Market: End Use Business Analysis
6.1. End Use Market Share, 2024 & 2030
6.2. End Use Segment Dashboard
6.3. Market Size & Forecasts and Trend Analysis, by End Use, 2018 to 2030 (USD Million)