According to a report from Research and Markets, the global refurbished medical imaging equipment market will grow at a CAGR of 8.09% from 2017 to 2021.

In the report, Research and Markets notes trends in the market, including the increasing adoption of eco-friendly practices. Refurbishment of used or pre-owned medical equipment helps to save energy and resources while preventing unnecessary waste and allowing better access to affordable quality equipment. Exposure to medical device waste can also cause cancer and other serious health issues.

According to the report, one driver in the market is increasing demand for cost-effective and efficient medical imaging devices. Most of the global population does not have access to quality healthcare services, especially in developing countries. High R&D and manufacturing costs are involved in the design and development of new advanced medical imaging equipment.

Further, the report states that one challenge in the market is negative perception of end-users about refurbished medical equipment. Many large hospitals and physicians do not take the risk of buying refurbished medical devices due to the negative perception of their quality and durability, and fear of vendor unreliability.