PUBLISHER: QYResearch | PRODUCT CODE: 1874348
PUBLISHER: QYResearch | PRODUCT CODE: 1874348
The global market for Used and Refurbished Medical Equipment was estimated to be worth US$ 9943 million in 2024 and is forecast to a readjusted size of US$ 17350 million by 2031 with a CAGR of 8.4% during the forecast period 2025-2031.
Refurbished Medical Equipment is fully tested, cleaned, calibrated and upgraded with new parts and renovation of older or damaged equipment to bring it to a workable or better-looking condition and is free of defects. The remanufacturing of medical devices is a growing phenomenon within the health-care industry. The types of devices that are currently refurbished range from machines such as neonatal monitors and anesthesia vaporizers to devices used in surgery, such as forceps, endoscopes, and cytoscopes.
The used and refurbished medical equipment market is experiencing significant growth driven by the rising demand for cost-effective healthcare solutions worldwide. Many healthcare providers, especially in developing countries and smaller clinics, face budget constraints and seek affordable alternatives to brand-new medical devices. Refurbished equipment offers a reliable and economical option without compromising on quality or functionality, enabling these facilities to access advanced medical technologies at a fraction of the original cost. Additionally, increasing healthcare infrastructure development, combined with the need to upgrade existing equipment due to rapid technological advancements, fuels the demand for refurbished products. The growing focus on sustainability and reducing electronic waste also encourages healthcare institutions to consider refurbished equipment as a responsible purchasing choice, contributing to market expansion. Despite the advantages, the used and refurbished medical equipment market faces several challenges that hinder its wider adoption. One of the primary concerns is the perceived risk regarding the quality, safety, and reliability of refurbished devices. Healthcare providers often hesitate to invest in used equipment due to fears of malfunction, lack of warranty, or limited after-sales support. Regulatory complexities also pose a significant challenge, as compliance requirements for refurbished equipment vary across regions, creating uncertainty and operational difficulties for manufacturers and distributors. Furthermore, the lack of standardized refurbishment processes and certification can undermine confidence in these products. Lastly, advancements in medical technology mean that some older equipment may quickly become obsolete, limiting the market for certain refurbished devices and requiring continuous updates to refurbishment capabilities.
This report aims to provide a comprehensive presentation of the global market for Used and Refurbished Medical Equipment, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Used and Refurbished Medical Equipment by region & country, by Type, and by Application.
The Used and Refurbished Medical Equipment market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Used and Refurbished Medical Equipment.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Used and Refurbished Medical Equipment company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Used and Refurbished Medical Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Used and Refurbished Medical Equipment in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.