Global Refurbished Medical Equipment Market Size Study & Forecast, by Device Type, End User, Product Condition, Application and Regional Forecasts 2025-2035

Description

The Global Refurbished Medical Equipment Market, valued at approximately USD 15 billion in 2024, is projected to expand at a CAGR of more than 4.15% during the forecast period of 2025-2035. Refurbished medical equipment refers to medical devices that have been reconditioned, tested, and certified for reuse, ensuring that they meet safety and performance standards. The growing need for affordable yet high-quality medical technologies, coupled with the rising burden of chronic diseases, is prompting healthcare providers worldwide to turn toward refurbished solutions as a viable alternative to new equipment. This transition is further driven by budgetary constraints in hospitals and diagnostic centers, particularly across emerging economies, where access to advanced medical technologies is otherwise restricted due to cost barriers.

The demand for refurbished devices has accelerated in recent years as healthcare systems struggle to meet patient needs while containing costs. Increasing hospital admissions, rising surgical volumes, and the shift toward value-based healthcare delivery have created fertile ground for refurbished equipment adoption. For instance, imaging systems, such as MRI and CT scanners, which often require significant capital investment, are increasingly being procured in refurbished form to lower upfront costs while maintaining clinical efficiency. Moreover, stringent regulatory frameworks and advancements in refurbishment processes are instilling confidence among healthcare professionals and institutions, making refurbished medical equipment an integral component of modern healthcare infrastructure. Nevertheless, challenges such as limited awareness in certain regions and the growing inclination toward brand-new technologies may slightly restrain the pace of growth.

From a geographical standpoint, North America currently dominates the refurbished medical equipment market, underpinned by the presence of major industry players, strong regulatory compliance, and the growing adoption of cost-effective medical devices by hospitals and outpatient centers. Europe, with its emphasis on sustainable healthcare practices and established refurbishment standards, also holds a significant share of the market. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth throughout the forecast period, driven by surging healthcare expenditure, expanding diagnostic capacities, and the rising prevalence of lifestyle-related diseases in populous countries such as China and India. Governments across the region are also increasingly promoting affordable healthcare solutions, which is likely to further accelerate adoption rates.

Major market player included in this report are:

GE Healthcare
Siemens Healthineers AG
Koninklijke Philips N.V.
Canon Medical Systems Corporation
Agito Medical A/S
Fujifilm Holdings Corporation
Soma Technology, Inc.
Block Imaging International, Inc.
Hilditch Group Ltd.
Everx Pvt. Ltd.
Integrity Medical Systems, Inc.
Avante Health Solutions
US Med-Equip, Inc.
TRACO Medical GmbH
Radiology Oncology Systems, Inc.

Global Refurbished Medical Equipment Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Device Type:

Imaging Equipment
Surgical Instruments
Patient Monitoring Devices
Therapeutic Equipment

By End User:

Hospitals
Diagnostic Centers
Clinics
Research Institutions

By Product Condition:

Like New
Refurbished
Used

By Application:

Cardiology
Orthopedics
Neurology
General Surgery

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Refurbished Medical Equipment Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Refurbished Medical Equipment Market Forces Analysis

3.1. Market Forces Shaping The Global Refurbished Medical Equipment Market (2024-2035)
3.2. Drivers
- 3.2.1. Cost containment and value-based care accelerating adoption of certified refurbished systems
- 3.2.2. Rising chronic disease burden expanding demand for imaging and patient monitoring assets
3.3. Restraints
- 3.3.1. Perceived quality concerns and non-uniform refurbishment standards across vendors
- 3.3.2. Rapid technology cycles and preference for new equipment in premium facilities
3.4. Opportunities
- 3.4.1. Strong growth in emerging markets and public-private investments in affordable care infrastructure
- 3.4.2. OEM-backed refurbishment programs, extended warranties, and circular-economy mandates

Chapter 4. Global Refurbished Medical Equipment Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Refurbished Medical Equipment Market Size & Forecasts by Device Type 2025-2035

5.1. Market Overview
5.2. Global Refurbished Medical Equipment Market Performance - Potential Analysis (2025)
5.3. Imaging Equipment
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Surgical Instruments
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Patient Monitoring Devices
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
5.6. Therapeutic Equipment
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Refurbished Medical Equipment Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Refurbished Medical Equipment Market Performance - Potential Analysis (2025)
6.3. Cardiology
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Orthopedics
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Neurology
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. General Surgery
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Refurbished Medical Equipment Market Size & Forecasts by Region 2025-2035

7.1. Refurbished Medical Equipment Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Refurbished Medical Equipment Market
- 7.3.1. U.S. Refurbished Medical Equipment Market
  - 7.3.1.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.3.1.2. Application breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Refurbished Medical Equipment Market
  - 7.3.2.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.3.2.2. Application breakdown size & forecasts, 2025-2035
7.4. Europe Refurbished Medical Equipment Market
- 7.4.1. UK Refurbished Medical Equipment Market
  - 7.4.1.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.4.1.2. Application breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Refurbished Medical Equipment Market
  - 7.4.2.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.4.2.2. Application breakdown size & forecasts, 2025-2035
- 7.4.3. France Refurbished Medical Equipment Market
  - 7.4.3.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.4.3.2. Application breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Refurbished Medical Equipment Market
  - 7.4.4.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.4.4.2. Application breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Refurbished Medical Equipment Market
  - 7.4.5.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.4.5.2. Application breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Refurbished Medical Equipment Market
  - 7.4.6.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.4.6.2. Application breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Refurbished Medical Equipment Market
- 7.5.1. China Refurbished Medical Equipment Market
  - 7.5.1.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.5.1.2. Application breakdown size & forecasts, 2025-2035
- 7.5.2. India Refurbished Medical Equipment Market
  - 7.5.2.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.5.2.2. Application breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Refurbished Medical Equipment Market
  - 7.5.3.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.5.3.2. Application breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Refurbished Medical Equipment Market
  - 7.5.4.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.5.4.2. Application breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Refurbished Medical Equipment Market
  - 7.5.5.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.5.5.2. Application breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of APAC Refurbished Medical Equipment Market
  - 7.5.6.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.5.6.2. Application breakdown size & forecasts, 2025-2035
7.6. Latin America Refurbished Medical Equipment Market
- 7.6.1. Brazil Refurbished Medical Equipment Market
  - 7.6.1.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.6.1.2. Application breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Refurbished Medical Equipment Market
  - 7.6.2.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.6.2.2. Application breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Refurbished Medical Equipment Market
- 7.7.1. UAE Refurbished Medical Equipment Market
  - 7.7.1.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.7.1.2. Application breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) Refurbished Medical Equipment Market
  - 7.7.2.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.7.2.2. Application breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Refurbished Medical Equipment Market
  - 7.7.3.1. Device Type breakdown size & forecasts, 2025-2035
  - 7.7.3.2. Application breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. GE Healthcare
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Siemens Healthineers AG
8.4. Koninklijke Philips N.V.
8.5. Canon Medical Systems Corporation
8.6. Fujifilm Holdings Corporation
8.7. Agito Medical A/S
8.8. Avante Health Solutions
8.9. Block Imaging International, Inc.
8.10. US Med-Equip, Inc.
8.11. Soma Technology, Inc.
8.12. Hilditch Group Ltd.
8.13. Integrity Medical Systems, Inc.
8.14. TRACO Medical GmbH
8.15. Radiology Oncology Systems, Inc.
8.16. Everx Pvt. Ltd.