Refurbished Laboratory Equipment

Global Refurbished Laboratory Equipment Market to Reach US$33.0 Billion by 2030

The global market for Refurbished Laboratory Equipment estimated at US$25.6 Billion in the year 2024, is expected to reach US$33.0 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2024-2030. Analytical Equipment / Clinical Equipment, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$14.4 Billion by the end of the analysis period. Growth in the General Equipment segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.0 Billion While China is Forecast to Grow at 7.9% CAGR

The Refurbished Laboratory Equipment market in the U.S. is estimated at US$7.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Global “Refurbished Laboratory Equipment” Market – Key Trends & Drivers Summarized

Why Is the Refurbished Laboratory Equipment Market Gaining Momentum Across Various Sectors?
The refurbished laboratory equipment market is experiencing significant growth as research institutions, academic organizations, and pharmaceutical companies seek cost-effective alternatives to new equipment. Budget constraints, coupled with the need for advanced analytical instruments, have led many organizations to consider refurbished equipment as a viable solution. These devices offer comparable performance to new equipment but at substantially lower costs, enabling institutions to allocate resources more efficiently and expand their research capabilities.

How Are Quality Assurance and Certification Enhancing Market Confidence?
Quality assurance and certification processes have been instrumental in boosting confidence in refurbished laboratory equipment. Reputable refurbishers adhere to stringent protocols, including thorough cleaning, part replacement, calibration, and testing to ensure that the equipment meets original manufacturer specifications. Certifications from recognized bodies further validate the quality and reliability of refurbished devices. This emphasis on quality assurance has mitigated concerns regarding performance and longevity, making refurbished equipment a trusted choice for many laboratories.

Which Industries Are Leading the Adoption of Refurbished Laboratory Equipment?
Several industries are at the forefront of adopting refurbished laboratory equipment, including pharmaceuticals, biotechnology, environmental testing, and academic research. Pharmaceutical and biotech companies utilize refurbished analytical instruments for drug development and quality control processes. Environmental testing labs employ these devices for monitoring and compliance purposes. Academic institutions, often operating under limited budgets, find refurbished equipment ideal for teaching and research activities. The widespread adoption across diverse sectors underscores the versatility and appeal of refurbished laboratory equipment.

The Growth in the Refurbished Laboratory Equipment Market Is Driven by Cost Savings, Quality Assurance, and Expanding Research Activities in Emerging Economies
The refurbished laboratory equipment market is expanding due to several key drivers. Cost savings remain a primary factor, allowing organizations to acquire high-quality instruments without the financial burden of new equipment. Enhanced quality assurance measures and certifications have increased trust in refurbished devices. Additionally, the surge in research activities, particularly in emerging economies, has created a demand for affordable laboratory equipment. These factors collectively contribute to the robust growth of the refurbished laboratory equipment market.

SCOPE OF STUDY:

The report analyzes the Refurbished Laboratory Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Analytical Equipment / Clinical Equipment, General Equipment, Specialty Equipment, Support Equipment); End-Use (Healthcare Facilities End-Use, Pharmaceutical & Biotechnology Companies End-Use, Academic & Research Institutions End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• American Instrument Exchange
• Arc Scientific
• BioSurplus
• Cambridge Scientific Products
• Diamond Diagnostics
• EquipNet
• GenTech Scientific
• HLEC
• International Equipment Trading Ltd.
• Lab Asset Management
• LabTrader
• LabX
• Marshall Scientific
• New Life Scientific
• REUZEit Inc
• Revive Scientific
• Scientific Equipment Source
• Southern Scientific Instruments
• Surplus Solutions
• The Lab World Group

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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