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Global Used and Refurbished Medical Devices Market Research Report - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2033)

Published Nov 19, 2025
Length 256 Pages
SKU # LOOK20642280

Description

Definition and Scope:

The market for used and refurbished medical devices revolves around the restoration, repair, and resale of pre-owned medical equipment that meets stringent quality and safety standards. These devices, which include imaging systems, patient monitors, surgical instruments, and more, undergo rigorous testing, recalibration, and updates to ensure they operate efficiently. Refurbished medical devices offer a cost-effective alternative for healthcare facilities, particularly in regions with limited budgets or high demand for advanced technology. This approach not only reduces healthcare costs but also promotes sustainability by extending the lifecycle of medical equipment.

In 2023, the used and refurbished medical devices market is estimated to be valued at approximately $8.47 billion. The market is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2032, driven by several key factors. Increasing healthcare expenditure, combined with the rising demand for cost-effective solutions, plays a significant role. Simultaneously, the growing focus on sustainability and the circular economy enhances the adoption of refurbished medical devices. In addition, the expanding geriatric population and the rising prevalence of chronic diseases create consistent demand for diagnostic and therapeutic equipment, further propelling market growth.

This report offers a comprehensive analysis of the global Used and Refurbished Medical Devices market, examining all key dimensions. It provides both a macro-level overview and micro-level market details, including market size, trends, competitive landscape, niche segments, growth drivers, and key challenges.

Report Framework and Key Highlights:

Market Dynamics: Identification of major market drivers, restraints, opportunities, and challenges.

Trend Analysis: Examination of ongoing and emerging trends impacting the market.

Competitive Landscape: Detailed profiles and market positioning of major players, including market share, operational status, product offerings, and strategic developments.

Strategic Analysis Tools: SWOT Analysis, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis

Market Segmentation: By type, application, region, and end-user industry.

Forecasting and Growth Projections: In-depth revenue forecasts and CAGR analysis through 2033.

This report equips readers with critical insights to navigate competitive dynamics and develop effective strategies. Whether assessing a new market entry or refining existing strategies, the report serves as a valuable tool for:

Industry players

Investors

Researchers

Consultants

Business strategists

And all stakeholders with an interest or investment in the Used and Refurbished Medical Devices market.

Global Used and Refurbished Medical Devices Market: Segmentation Analysis and Strategic Insights

This section of the report provides an in-depth segmentation analysis of the global Used and Refurbished Medical Devices market. The market is segmented based on region (country), manufacturer, product type, and application. Segmentation enables a more precise understanding of market dynamics and facilitates targeted strategies across product development, marketing, and sales.

By breaking the market into meaningful subsets, stakeholders can better tailor their offerings to the specific needs of each segment—enhancing competitiveness and improving return on investment.

Global Used and Refurbished Medical Devices Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Companies Profiled

GE Healthcare

Siemens Healthineers

Philips Healthcare

Ultra Solutions

Soma Technology

Johnson and Johnson

Agito Medical

Block Imaging

Whittemore Enterprises

Radiology Oncology Systems

Integrity Medical Systems

TRACO

DMS Topline

First Source

EverX Pty Ltd (EverX Holdings)

Future Health Concepts (FHC)

Avante Health Solutions

DRE Medical

Conquest Imaging

Zhongkang Medical Device Recycling Co., Ltd

Bao Jingli Trading Co., Ltd.

Ruikang Medical Device Recycling Co., Ltd.

Ren'an Medical Equipment Maintenance Co., Ltd.

Sichuan Xidelong Medical Technology Co., Ltd

Japan Central Medical

JAPAN Directory of Medical Device Companies

Japan Care Co., Ltd

Toho Pharmaceutical Co., Ltd

Hitachi

Canon Medical

Market Segmentation by Type

As-is Device

Refurbished Used Medical Device

Remanufactured Device

Market Segmentation by Application

Refurbished Radiation Oncology Systems

Refurbished Minimally Invasive Devices

Refurbished Biotechnology Instruments

Refurbished Diagnostic Imaging Devices

Others

Geographic Segmentation

North America: United States, Canada, Mexico

Europe: Germany, France, Italy, U.K., Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium, Russia.

Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Philippines, Singapore, Thailand

South America: Brazil, Argentina, Colombia.

Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa, Rest of MEA

Report Framework and Chapter Summary

Chapter 1: Report Scope and Market Definition

This chapter outlines the statistical boundaries and scope of the report. It defines the segmentation standards used throughout the study, including criteria for dividing the market by region, product type, application, and other relevant dimensions. It establishes the foundational definitions and classifications that guide the rest of the analysis.

Chapter 2: Executive Summary

This chapter presents a concise summary of the market’s current status and future outlook across different segments—by geography, product type, and application. It includes key metrics such as market size, growth trends, and development potential for each segment. The chapter offers a high-level overview of the Used and Refurbished Medical Devices Market, highlighting its evolution over the short, medium, and long term.

Chapter 3: Market Dynamics and Policy Environment

This chapter explores the latest developments in the market, identifying key growth drivers, restraints, challenges, and risks faced by industry participants. It also includes an analysis of the policy and regulatory landscape affecting the market, providing insight into how external factors may shape future performance.

Chapter 4: Competitive Landscape

This chapter provides a detailed assessment of the market's competitive environment. It covers market share, production capacity, output, pricing trends, and strategic developments such as mergers, acquisitions, and expansion plans of leading players. This analysis offers a comprehensive view of the positioning and performance of top competitors.

Chapters 5–10: Regional Market Analysis

These chapters offer in-depth, quantitative evaluations of market size and growth potential across major regions and countries. Each chapter assesses regional consumption patterns, market dynamics, development prospects, and available capacity. The analysis helps readers understand geographical differences and opportunities in global markets.

Chapter 11: Market Segmentation by Product Type

This chapter examines the market based on product type, analyzing the size, growth trends, and potential of each segment. It helps stakeholders identify underexplored or high-potential product categories—often referred to as “blue ocean” opportunities.

Chapter 12: Market Segmentation by Application

This chapter analyzes the market based on application fields, providing insights into the scale and future development of each application segment. It supports readers in identifying high-growth areas across downstream markets.

Chapter 13: Company Profiles

This chapter presents comprehensive profiles of leading companies operating in the market. For each company, it details sales revenue, volume, pricing, gross profit margin, market share, product offerings, and recent strategic developments. This section offers valuable insight into corporate performance and strategy.

Chapter 14: Industry Chain and Value Chain Analysis

This chapter explores the full industry chain, from upstream raw material suppliers to downstream application sectors. It includes a value chain analysis that highlights the interconnections and dependencies across various parts of the ecosystem.

Chapter 15: Key Findings and Conclusions

The final chapter summarizes the main takeaways from the report, presenting the core conclusions, strategic recommendations, and implications for stakeholders. It encapsulates the insights drawn from all previous chapters.

Table of Contents

256 Pages
1 Introduction to Research & Analysis Reports
1.1 Strain Gauges Market Definition
1.2 Strain Gauges Market Segments
1.2.1 Segment by Type
1.2.2 Segment by Application
2 Executive Summary
2.1 Global Strain Gauges Market Size
2.2 Market Segmentation – by Type
2.3 Market Segmentation – by Application
2.4 Market Segmentation – by Geography
3 Key Market Trends, Opportunity, Drivers and Restraints
3.1 Key Takeway
3.2 Market Opportunities & Trends
3.3 Market Drivers
3.4 Market Restraints
3.5 Market Major Factor Assessment
4 Global Strain Gauges Market Competitive Landscape
4.1 Global Strain Gauges Sales by Manufacturers (2020-2025)
4.2 Global Strain Gauges Revenue Market Share by Manufacturers (2020-2025)
4.3 Strain Gauges Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.4 New Entrant and Capacity Expansion Plans
4.5 Mergers & Acquisitions
5 Global Strain Gauges Market by Region
5.1 Global Strain Gauges Market Size by Region
5.1.1 Global Strain Gauges Market Size by Region
5.1.2 Global Strain Gauges Market Size Market Share by Region
5.2 Global Strain Gauges Sales by Region
5.2.1 Global Strain Gauges Sales by Region
5.2.2 Global Strain Gauges Sales Market Share by Region
6 North America Market Overview
6.1 North America Strain Gauges Market Size by Country
6.1.1 USA Market Overview
6.1.2 Canada Market Overview
6.1.3 Mexico Market Overview
6.2 North America Strain Gauges Market Size by Type
6.3 North America Strain Gauges Market Size by Application
6.4 Top Players in North America Strain Gauges Market
7 Europe Market Overview
7.1 Europe Strain Gauges Market Size by Country
7.1.1 Germany Market Overview
7.1.2 France Market Overview
7.1.3 U.K. Market Overview
7.1.4 Italy Market Overview
7.1.5 Spain Market Overview
7.1.6 Sweden Market Overview
7.1.7 Denmark Market Overview
7.1.8 Netherlands Market Overview
7.1.9 Switzerland Market Overview
7.1.10 Belgium Market Overview
7.1.11 Russia Market Overview
7.2 Europe Strain Gauges Market Size by Type
7.3 Europe Strain Gauges Market Size by Application
7.4 Top Players in Europe Strain Gauges Market
8 Asia-Pacific Market Overview
8.1 Asia-Pacific Strain Gauges Market Size by Country
8.1.1 China Market Overview
8.1.2 Japan Market Overview
8.1.3 South Korea Market Overview
8.1.4 India Market Overview
8.1.5 Australia Market Overview
8.1.6 Indonesia Market Overview
8.1.7 Malaysia Market Overview
8.1.8 Philippines Market Overview
8.1.9 Singapore Market Overview
8.1.10 Thailand Market Overview
8.1.11 Rest of APAC Market Overview
8.2 Asia-Pacific Strain Gauges Market Size by Type
8.3 Asia-Pacific Strain Gauges Market Size by Application
8.4 Top Players in Asia-Pacific Strain Gauges Market
9 South America Market Overview
9.1 South America Strain Gauges Market Size by Country
9.1.1 Brazil Market Overview
9.1.2 Argentina Market Overview
9.1.3 Columbia Market Overview
9.2 South America Strain Gauges Market Size by Type
9.3 South America Strain Gauges Market Size by Application
9.4 Top Players in South America Strain Gauges Market
10 Middle East and Africa Market Overview
10.1 Middle East and Africa Strain Gauges Market Size by Country
10.1.1 Saudi Arabia Market Overview
10.1.2 UAE Market Overview
10.1.3 Egypt Market Overview
10.1.4 Nigeria Market Overview
10.1.5 South Africa Market Overview
10.2 Middle East and Africa Strain Gauges Market Size by Type
10.3 Middle East and Africa Strain Gauges Market Size by Application
10.4 Top Players in Middle East and Africa Strain Gauges Market
11 Strain Gauges Market Segmentation by Type
11.1 Evaluation Matrix of Segment Market Development Potential (Type)
11.2 Global Strain Gauges Sales Market Share by Type (2020-2033)
11.3 Global Strain Gauges Market Size Market Share by Type (2020-2033)
11.4 Global Strain Gauges Price by Type (2020-2033)
12 Strain Gauges Market Segmentation by Application
12.1 Evaluation Matrix of Segment Market Development Potential (Application)
12.2 Global Strain Gauges Market Sales by Application (2020-2033)
12.3 Global Strain Gauges Market Size (M USD) by Application (2020-2033)
12.4 Global Strain Gauges Sales Growth Rate by Application (2020-2033)
13 Company Profiles
13.1 VPG
13.1.1 VPG Company Overview
13.1.2 VPG Business Overview
13.1.3 VPG Strain Gauges Major Product Offerings
13.1.4 VPG Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.1.5 Key News
13.2 HBM
13.2.1 HBM Company Overview
13.2.2 HBM Business Overview
13.2.3 HBM Strain Gauges Major Product Offerings
13.2.4 HBM Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.2.5 Key News
13.3 Zemic
13.3.1 Zemic Company Overview
13.3.2 Zemic Business Overview
13.3.3 Zemic Strain Gauges Major Product Offerings
13.3.4 Zemic Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.3.5 Key News
13.4 HYCSYQ
13.4.1 HYCSYQ Company Overview
13.4.2 HYCSYQ Business Overview
13.4.3 HYCSYQ Strain Gauges Major Product Offerings
13.4.4 HYCSYQ Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.4.5 Key News
13.5 NMB
13.5.1 NMB Company Overview
13.5.2 NMB Business Overview
13.5.3 NMB Strain Gauges Major Product Offerings
13.5.4 NMB Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.5.5 Key News
13.6 KYOWA Electronic Instruments Co., Ltd
13.6.1 KYOWA Electronic Instruments Co., Ltd Company Overview
13.6.2 KYOWA Electronic Instruments Co., Ltd Business Overview
13.6.3 KYOWA Electronic Instruments Co., Ltd Strain Gauges Major Product Offerings
13.6.4 KYOWA Electronic Instruments Co., Ltd Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.6.5 Key News
13.7 LCT
13.7.1 LCT Company Overview
13.7.2 LCT Business Overview
13.7.3 LCT Strain Gauges Major Product Offerings
13.7.4 LCT Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.7.5 Key News
13.8 Omega Engineering, Inc
13.8.1 Omega Engineering, Inc Company Overview
13.8.2 Omega Engineering, Inc Business Overview
13.8.3 Omega Engineering, Inc Strain Gauges Major Product Offerings
13.8.4 Omega Engineering, Inc Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.8.5 Key News
13.9 TML
13.9.1 TML Company Overview
13.9.2 TML Business Overview
13.9.3 TML Strain Gauges Major Product Offerings
13.9.4 TML Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.9.5 Key News
13.10 BCM
13.10.1 BCM Company Overview
13.10.2 BCM Business Overview
13.10.3 BCM Strain Gauges Major Product Offerings
13.10.4 BCM Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.10.5 Key News
13.11 Piezo-Metrics
13.11.1 Piezo-Metrics Company Overview
13.11.2 Piezo-Metrics Business Overview
13.11.3 Piezo-Metrics Strain Gauges Major Product Offerings
13.11.4 Piezo-Metrics Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.11.5 Key News
13.12 Hualanhai
13.12.1 Hualanhai Company Overview
13.12.2 Hualanhai Business Overview
13.12.3 Hualanhai Strain Gauges Major Product Offerings
13.12.4 Hualanhai Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.12.5 Key News
13.13 Soil Instruments
13.13.1 Soil Instruments Company Overview
13.13.2 Soil Instruments Business Overview
13.13.3 Soil Instruments Strain Gauges Major Product Offerings
13.13.4 Soil Instruments Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.13.5 Key News
13.14 RS Components Ltd
13.14.1 RS Components Ltd Company Overview
13.14.2 RS Components Ltd Business Overview
13.14.3 RS Components Ltd Strain Gauges Major Product Offerings
13.14.4 RS Components Ltd Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.14.5 Key News
13.15 Hottinger Brüel and Kjær
13.15.1 Hottinger Brüel and Kjær Company Overview
13.15.2 Hottinger Brüel and Kjær Business Overview
13.15.3 Hottinger Brüel and Kjær Strain Gauges Major Product Offerings
13.15.4 Hottinger Brüel and Kjær Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.15.5 Key News
13.16 GEOKON
13.16.1 GEOKON Company Overview
13.16.2 GEOKON Business Overview
13.16.3 GEOKON Strain Gauges Major Product Offerings
13.16.4 GEOKON Strain Gauges Sales and Revenue fromStrain Gauges (2020-2025)
13.16.5 Key News
14 Key Market Trends, Opportunity, Drivers and Restraints
14.1 Key Takeway
14.2 Market Opportunities & Trends
14.3 Market Drivers
14.4 Market Restraints
14.5 Market Major Factor Assessment
14.6 Porter's Five Forces Analysis of Strain Gauges Market
14.7 PEST Analysis of Strain Gauges Market
15 Analysis of the Strain Gauges Industry Chain
15.1 Overview of the Industry Chain
15.2 Upstream Segment Analysis
15.3 Midstream Segment Analysis
15.3.1 Manufacturing, Processing or Conversion Process Analysis
15.3.2 Key Technology Analysis
15.4 Downstream Segment Analysis
15.4.1 Downstream Customer List and Contact Details
15.4.2 Customer Concerns or Preference Analysis
16 Conclusion
17 Appendix
17.1 Methodology
17.2 Research Process and Data Source
17.3 Disclaimer
17.4 Note
17.5 Examples of Clients
17.6 Disclaimer
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