The report, “European Markets for Refurbished Medical Imaging Equipment,” evaluates the market by segmenting it into cardiovascular X-ray, fluoroscopy, ultrasound, computed tomography and MRI.

Even as healthcare systems across Europe recognize the potential of medical imaging equipment in diagnosing diseases and fuel demand for cost-effective refurbished medical imaging equipment, participants face several crucial issues, F&S said. Private healthcare institutions are the key end users of refurbished medical imaging equipment market. Predominance of public institutions – that can afford new high-end equipment – over the private ones, poses a significant challenge to market participants.

“The proportion of public and private healthcare institutions is a key determinant of refurbished medical imaging equipment market’s growth potential,” said Srividya Badrinarayanan, an F&S analyst. “Nonetheless, anticipated increase in the number of private institutions is likely to mitigate this challenge and strengthen the market.”

According to F&S, increased procedure volumes and new technology innovation, along with demand for cost-effective but technologically advanced equipment, continue to drive the European markets for refurbished equipment in this sector.