Global Refurbished Medical Equipment Market Size Study & Forecast, by Device Type (Imaging Equipment, Surgical Instruments, Patient Monitoring Devices, Therapeutic Equipment), End User (Hospitals, Diagnostic Centers, Clinics, Research Institutions), Produ

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

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.

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