Global Refurbished Medical Equipment Market - Forecasts from 2025 to 2030

The Global Refurbished Medical Equipment Market will reach US$22.198 billion in 2030 from US$13.821 billion in 2025 at a CAGR of 9.94% during the forecast period.

Refurbished Medical Equipment is restored medical devices that are refitted to be used in medical operations. Refurbishment intends to extend the overall life of the medical equipment, thus proving significant benefits from an environmental and social perspective. Refurbishing of medical equipment is done through reconditioning, repairing and installation, and up-gradation of certain software hardware and software components without changing the intended use of the device. Buying new medical equipment can be an expensive proposition for many Hospitals and healthcare centres, refurbished medical equipment serves as a cost-effective alternative for these healthcare institutions. Recent trends have indicated an increasing use of refurbished medical devices in emerging countries owing to a large population base suffering from chronic diseases and growing demand for low-cost medical equipment. Moreover, the growth in the market can be attributed to financial constraints faced by hospitals, the availability of a large-scale inventory of used or old medical devices, and the growing demand for capital-intensive imaging equipment. Besides, a growing trend in medical tourism and rising private healthcare institutions are further driving the demand in the refurbished medical equipment market.

The refurbished medical equipment market is experiencing growth due to shifting consumer preferences toward sustainable and reusable solutions. Demand is particularly strong in low- and middle-income countries, where limited access to healthcare solutions makes refurbished equipment a cost-effective alternative. However, market growth faces challenges from stringent import regulations, negative perceptions about product quality, and a lack of standardized protocols for the sale and use of refurbished devices.

Asia-Pacific Region Poised for Significant Growth

The global refurbished medical equipment market is segmented geographically into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. The Asia-Pacific region is projected to experience substantial growth over the forecast period, driven by rising demand for healthcare facilities and imaging centers, increased focus on rural healthcare development by public and private sectors, and the privatization of healthcare institutions. A large population base, growing need for affordable refurbished equipment, supportive government initiatives, and favorable regulatory policies further contribute to market growth in this region.

Some of the major players covered in this report include GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers AG, Canon Medical Systems Corporation, SOMA Technology, Inc., Avante Health Solutions, Block Imaging International Inc., Atlantis Worldwide, LLC, Radiology Oncology Systems, Inc., Integrity Medical Systems, Inc., Agito Medical A/S (Probo Medical), and Hilditch Group among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Refurbished Medical Equipment Market Segmentations:

Refurbished Medical Equipment Market Segmentation by Product Type:

The market is analyzed by product type into the following:

• Patient Monitors
• Multi-parameter Monitors
• Pulse Oximeters
• Non-Invasive Blood Pressure Monitors
• Electrocardiographic Devices
• Others
• Medical Imaging Equipment
• X-Ray Machines / C-Arm
• Ultrasound Systems
• CT Scanners
• MRI Machines
• Others
• Operating Room Equipment and Surgical Equipment
• Microscopes
• Anesthesia Machines
• Medical Ventilators
• Electrosurgical Units
• CO2 and Agent Monitors
• Others
• Neurology Equipment
• Endoscopy Equipment
• Intensive Care Equipment
• Other Medical Equipment

Refurbished Medical Equipment Market Segmentation by Refurbishment Type:

The market is analyzed by refurbishment type into the following:

• Full System Refurbishment
• Component-Level Refurbishment
• Software & Firmware Upgradation

Refurbished Medical Equipment Market Segmentation by End-User:

The report analyzes the market by end-user as below:

• Hospitals
• Diagnostic Centers
• Others

Refurbished Medical Equipment Market Segmentation by Regions:

The study also analysed the Refurbished Medical Equipment Market into the following regions, with country-level forecasts and analysis as below:

• North America (US, Canada and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain and Others
• Middle East and Africa (Saudi Arabia, UAE and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Refurbished Medical Equipment Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by different types, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by components, with historical revenue data and analysis.
• Market size, forecasts, and trends by application, with historical revenue data and analysis of sales based on applications.
• Market size, forecasts, and trends by end-user segment, with historical revenue data and analysis across various segments.
• Refurbished Medical Equipment Marketis also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents a complete market scenario with the help of Porter's five forces model.
• Competitive Intelligence: A thorough investigation of the competitive structure of the market presented through a proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain a competitive edge.
• Research methodology: The assumptions and sources that were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure the most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the Refurbished Medical Equipment Marketto the decision-makers, analysts and other stakeholders in the easy-to-read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report.
• Analyst support through calls and emails for timely clarification and incorporating additional requests.
• Option of presentation or doc format with the estimates file to take care of diverse requirements.
• 15% FREE customization with all our reports help cater to additional requirements with significant cost-savings.
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file.