Refurbished Medical Equipment

Global Refurbished Medical Equipment Market to Reach US$37.0 Billion by 2030

The global market for Refurbished Medical Equipment estimated at US$19.7 Billion in the year 2024, is expected to reach US$37.0 Billion by 2030, growing at a CAGR of 11.1% over the analysis period 2024-2030. Medical Imaging Equipment, one of the segments analyzed in the report, is expected to record a 12.3% CAGR and reach US$13.3 Billion by the end of the analysis period. Growth in the Operating Room & Surgical Equipment segment is estimated at 10.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.4 Billion While China is Forecast to Grow at 10.2% CAGR

The Refurbished Medical Equipment market in the U.S. is estimated at US$5.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.0% and 9.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.

Global Refurbished Medical Equipment Market - Key Trends and Drivers Summarized

Refurbished Medical Equipment: A Cost-Effective Solution for Healthcare Providers

Refurbished medical equipment is becoming an essential resource for healthcare providers, offering a cost-effective solution to acquire high-quality medical devices without the financial burden of purchasing new equipment. These refurbished devices, which have been previously used and restored to their original specifications, undergo rigorous testing, repair, and quality assurance processes to ensure they meet industry standards. For healthcare facilities, particularly in developing regions or those with limited budgets, refurbished equipment provides an opportunity to access advanced technology and improve patient care without compromising on quality. Commonly refurbished medical equipment includes imaging devices, surgical instruments, patient monitors, and laboratory equipment, all of which are critical to the delivery of healthcare services.

What Technological Advancements Are Improving the Quality of Refurbished Medical Equipment?

Technological advancements are significantly improving the quality, reliability, and accessibility of refurbished medical equipment. Modern refurbishment processes involve the use of advanced diagnostic tools, precision repair techniques, and thorough testing protocols to restore equipment to its original functionality. Additionally, the integration of software updates and calibration procedures ensures that refurbished devices meet current performance standards and regulatory requirements. The growth of online platforms and specialized refurbishing companies has also expanded access to high-quality refurbished equipment, allowing healthcare providers to compare options, verify certifications, and make informed purchasing decisions. Moreover, the development of global standards and certifications for refurbished medical equipment is enhancing buyer confidence, ensuring that these products are safe, reliable, and compliant with industry regulations. These technological advancements are making refurbished medical equipment a viable and attractive option for healthcare providers worldwide.

What Are the Key Applications and Benefits of Refurbished Medical Equipment?

Refurbished medical equipment is used across various healthcare settings, offering significant benefits that support the delivery of quality care while reducing costs. In hospitals and clinics, refurbished imaging devices, such as MRI machines, CT scanners, and ultrasound systems, provide essential diagnostic capabilities without the high expense of new equipment. Surgical centers benefit from refurbished surgical instruments and operating room equipment, enabling them to perform a wide range of procedures with precision and reliability. Laboratories and research facilities also rely on refurbished analytical instruments and laboratory equipment to conduct experiments and tests with accuracy. The primary benefits of refurbished medical equipment include cost savings, access to advanced technology, and the ability to expand healthcare services within budget constraints. These advantages make refurbished equipment an invaluable resource for healthcare providers, particularly in resource-limited settings.

What Factors Are Driving the Growth in the Refurbished Medical Equipment Market?

The growth in the Refurbished Medical Equipment market is driven by several factors. The rising cost of new medical equipment is a significant driver, as healthcare providers seek more affordable alternatives to meet their technology needs without compromising on quality. Technological advancements in refurbishment processes and the development of global standards for refurbished equipment are also propelling market growth by enhancing the reliability and appeal of these products. The increasing demand for medical equipment in emerging markets, where healthcare providers often operate with limited budgets, is further boosting the adoption of refurbished devices. Additionally, the growing focus on sustainability and reducing electronic waste is contributing to market growth, as refurbished equipment offers an environmentally friendly solution by extending the lifecycle of existing devices. These factors, combined with the continuous innovation in refurbishment technology and the expansion of online marketplaces, are driving the sustained growth of the Refurbished Medical Equipment market.

SCOPE OF STUDY:

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

Segments:
Product (Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiology Equipment, Intensive Care Equipment, Neurology Equipment, Other Products); Application (Diagnostic, Therapeutic); End-Use (Hospitals, Diagnostic Imaging Centers, Ambulatory Care Centers, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 38 Featured) -

• Agito Medical A/S
• Block Imaging International, Inc.
• Dre Medical
• EverX Pty Ltd.
• GE Healthcare
• Integrity Medical Systems, Inc.
• Philips Healthcare
• Radiology Oncology Systems, Inc.
• Siemens Healthineers
• Soma Technology, Inc.

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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