Refurbished Medical Devices Market 2026-2035

Refurbished Medical Devices Market Size, Share & Trends Analysis Report by Type (Operating Room Equipment and Surgical Devices, Diagnostic/Imaging, Patient Monitors, Defibrillators, and Other Devices), By Application (Cardiology, Neurology, Endoscopy, and Other Applications), By End-User (Hospitals, and Private Clinics), Forecast Period (2026-2035)

Industry Overview

Refurbished medical devices market was valued at $17,894.5 million in 2025 and is projected to reach $34,704.8 million by 2035, growing at a CAGR of 6.8% during the forecast period (2026-2035). The market is witnessing strong expansion as healthcare providers increasingly recognize the value of refurbished systems for maintaining high-quality care within limited budgets. Rising demand from hospitals and diagnostic centers seeking cost-efficient medical equipment has accelerated market momentum. Improved refurbishment standards and OEM-certified programs have strengthened buyer confidence. The emphasis on sustainability and reduced electronic waste is also influencing purchasing behavior. Together, these factors are contributing to steady and broad-based market growth across major healthcare sectors.

Market Dynamics

Rising Adoption of Cost-Effective Diagnostic and Imaging Equipment

The demand for refurbished diagnostic and imaging systems, such as MRI, CT, and ultrasound machines, is growing steadily as healthcare facilities seek affordable solutions without compromising performance. Hospitals in both developed and emerging economies are increasingly choosing refurbished systems to expand diagnostic capacity at reduced capital costs. The availability of OEM-certified refurbishment programs has further enhanced reliability and trust among buyers, fueling sustained adoption in this segment.

Expansion of Refurbishment Networks Across Emerging Markets

Emerging regions, particularly in Asia-Pacific, the Middle East, and Latin America, are witnessing a surge in refurbishment and resale of medical equipment. Local distributors and global manufacturers are investing in certified refurbishment centers to meet the rising demand from small hospitals and private clinics. This regional expansion is driving market growth, promoting equipment reuse, and aligning with global sustainability and cost-efficiency goals.

Market Segmentation

• Based on the type, the market is segmented into operating room equipment and surgical devices, diagnostic/imaging, patient monitors, defibrillators, and other devices.
• Based on the application, the market is segmented into cardiology, neurology, endoscopy, and other applications.
• Based on end user, the market is segmented into hospitals and private clinics.

Diagnostic/Imaging Segment to Lead the Market with the Largest Share

The growing reliance on refurbished diagnostic and imaging systems is a key driver of market expansion. Hospitals and imaging centers are opting for refurbished CT, MRI, and ultrasound machines to meet rising diagnostic needs at lower investment levels. Enhanced performance assurance through certified refurbishment has made these systems a reliable alternative to new equipment. The steady rise in imaging procedures globally has further supported this trend. As healthcare institutions modernize diagnostic infrastructure, demand for high-quality refurbished imaging devices continues to rise.

Cardiology: A Key Segment in Market Growth

Increasing cardiovascular disease prevalence has led to a higher need for diagnostic and monitoring equipment in cardiology departments. Refurbished cardiac imaging systems, defibrillators, and monitoring devices are enabling hospitals to expand treatment capacity efficiently. Cost advantages allow mid-sized and community hospitals to access advanced technology without excessive financial strain. The steady availability of certified refurbished systems is ensuring consistent market growth. This has positioned cardiology as one of the strongest application segments in the refurbished device industry.

Regional Outlook

The global refurbished medical devices market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Increasing Hospitals And Clinics Prioritize Cost Optimization in Europe

Europe’s refurbished medical devices market is progressing steadily as hospitals and clinics prioritize cost optimization amid healthcare budget pressures. The region benefits from structured regulatory frameworks that ensure equipment quality and safety. Growing demand from public and private healthcare institutions for sustainable procurement options is reinforcing this trend. Expansion of manufacturer-certified refurbishment centers across major European countries has increased supply reliability. These developments are fostering consistent growth and long-term confidence in refurbished medical equipment.

North America Region Dominates the Market with Major Share

The North American market is expanding as healthcare facilities focus on balancing technology upgrades with cost control. Hospitals are actively purchasing refurbished imaging and monitoring equipment to optimize budgets while maintaining service quality. Strong regulatory oversight ensures high refurbishment standards, encouraging broader adoption. Growing awareness of sustainability and resource efficiency has also contributed to acceptance. Continuous investments by leading OEMs in refurbishment programs are further supporting market growth in the region.

Market Players Outlook

The major companies operating in the global refurbished medical devices market include Canon Medical Systems Corp., GE HealthCare Technologies Inc., Medtronic plc, Philips Healthcare (Koninklijke Philips N.V.), Siemens Healthineers AG, among others. Market players are leveraging partnerships, collaborations, mergers and acquisitions strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

• In February 2025, Philips Healthcare's Circular Edition is a portfolio of high-performance refurbished medical imaging systems, including MRI and CT scanners, that are offered at a lower cost and with a reduced environmental impact compared to new systems. The offering focuses on providing as good as new quality and performance, backed by the same warranty, service, and training as new Philips equipment.
• In April 2023, Probo Medical, a global provider of medical imaging equipment, parts, repair, and service, announced the acquisition of Ultra Select Medical, LLC (“Ultra Select”). Terms of the transaction were not disclosed. Probo Medical, a growing firm, recently acquired Alpha Source Group, Ultra Select Medical, and Mi Healthcare, expanding refurbished ultrasound and imaging service portfolios in North America and Europe.

The Report Covers

• Market value data analysis of 2025 and forecast to 2035.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global refurbished medical devices market. Based on the availability of data, information related to new products and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.

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