Refurbished Medical Equipment Market Size Report, 2033

Refurbished Medical Equipment Market Report by Product Type (Medical Imaging Systems, Operating Equipment and Surgical Devices, and Others), Application (Diagnostic Imaging Systems, Minimally Invasive Devices, Biotechnology Instruments, and Others), End-User (Hospitals and Clinics, Diagnostic Centres, Ambulatory Surgical Centres, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A2002

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Market Overview:

The global refurbished medical equipment market size reached USD 16.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 40.5 Billion by 2033, exhibiting a growth rate (CAGR) of 9.95% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 16.5 Billion
Market Forecast in 2033	USD 40.5 Billion
Market Growth Rate 2025-2033	9.95%

Refurbished medical equipment refers to devices that have been restored to a reusable condition without changing their original specifications. The process of refurbishment involves the uninstallation of an old machine and a thorough servicing of all parts, followed by disinfecting, cleaning, painting and replacement of damaged or old components. The device is then sold at a considerably lower price in comparison to a new machine. Owing to these benefits, refurbished equipment finds extensive applicability across hospitals, clinics and other healthcare institutions.

The increasing privatization of the healthcare sector, along with the growing requirement for low-cost medical services, is one of the key factors driving the market growth. Furthermore, factors such as the increasing prevalence of chronic diseases and rising geriatric population are also providing a boost to the market growth. Healthcare centers are increasingly opting for alternatives to procure inexpensive medical equipment to offer a wide variety of affordable treatment services to their patients without compromising on the quality. Additionally, the expanding population base suffering from critical ailments across the globe, such as cancer and cardiovascular diseases (CVDs) is also augmenting the market growth. Also, there is widespread adoption of refurbished equipment by private hospitals in the emerging nations owing to budget constraints. Moreover, the integration of devices with the Internet of Things (IoT) and extensive efforts by both government and non-governmental organizations (NGO) to make quality healthcare facilities accessible to all, are also projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global refurbished medical equipment market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on product type, application and end-user.

Breakup by Product Type:

Medical Imaging Systems
- Computed Tomography Systems
- MRI Systems
- X-ray, C-arm & Radiography Equipment
- Ultrasound Systems
- Mammography Equipment
- Nuclear Medicine Devices
- Others
Operating Equipment and Surgical Devices
- Anesthesia Machines and Agent Monitors
- Endoscopes and Microscopes
- Vascular Closure Devices
- Electrosurgical Units
- Altherectomy Devices
- Others
Others
- Patient Monitoring Devices
- Defibrillators
- Coagulation Analyzers
- Neurology Equipment
- Endoscopy Equipment
- Others

Breakup by Application:

Diagnostic Imaging Systems
Minimally Invasive Devices
Biotechnology Instruments
Others

Breakup by End-User:

Hospitals and Clinics
Diagnostic Centres
Ambulatory Surgical Centres
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Philips Electronics Nederland B.V., Block Imaging, EverX Pty Ltd, The General Electric Company, Integrity Medical Systems, Inc., Radiology Oncology Systems, Inc., Rad Medical Associates, Siemens Healthineers AG, and Soma Technology, Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Application, End-User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Philips Electronics Nederland B.V., Block Imaging, EverX Pty Ltd, The General Electric Company, Integrity Medical Systems, Inc., Radiology Oncology Systems, Inc., Rad Medical Associates, Siemens Healthineers AG, and Soma Technology, Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the global refurbished medical equipment market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global refurbished medical equipment market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global refurbished medical equipment market and who are the key players?
What is the degree of competition in the industry?

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