Global Refurbished Medical Equipment Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Refurbished Medical Equipment Market Size

• The global refurbished medical equipment market size was valued at USD 13.64 billion in 2024 and is expected to reach USD 34.76 billion by 2032, at a CAGR of 12.40% during the forecast period
• The market growth is largely fueled by the increasing demand for cost-effective medical devices and the rising adoption of refurbished medical equipment in hospitals, clinics, and diagnostic centers. Healthcare providers are increasingly seeking affordable alternatives to new equipment, especially in emerging economies, to optimize operational costs while maintaining high-quality care
• Furthermore, technological advancements in refurbishment processes, quality assurance, and regulatory compliance are enhancing the reliability and performance of refurbished medical devices. Growing awareness among healthcare facilities about sustainable practices and the environmental benefits of equipment refurbishment is also driving adoption. These converging factors are accelerating the uptake of refurbished medical equipment solutions, thereby significantly boosting the industry's growth globally

Refurbished Medical Equipment Market Analysis

• Refurbished medical equipment, providing cost-effective alternatives to new devices while maintaining performance and safety standards, is increasingly adopted across hospitals, clinics, and diagnostic centers, driven by budget optimization and the need for timely equipment availability
• The rising demand for refurbished medical equipment is primarily fueled by increasing healthcare expenditure, expansion of medical facilities, and growing awareness about cost-effective solutions without compromising on quality and compliance
• North America dominated the refurbished medical equipment market with the largest revenue share of 40.52% in 2024, characterized by advanced healthcare infrastructure, early adoption of innovative medical technologies, and a strong presence of key industry players. The U.S. leads regional growth due to the high prevalence of healthcare facilities, government initiatives supporting equipment refurbishment, and increasing demand from hospitals and diagnostic centers
• Asia-Pacific is expected to be the fastest-growing region in the refurbished medical equipment market during the forecast period, driven by rapid urbanization, rising disposable incomes, and expansion of healthcare infrastructure in countries such as China, India, and Japan
• The diagnostic segment dominated the refurbished medical equipment market with a revenue share of 56% in 2024, driven by the growing need for affordable yet advanced diagnostic solutions in hospitals, clinics, and diagnostic centers. Refurbished diagnostic equipment, including imaging systems, patient monitoring devices, and laboratory analyzers, provides healthcare providers with cost-efficient tools to manage high patient volumes

Report Scope and Refurbished Medical Equipment Market Segmentation   

Refurbished Medical Equipment Market Trends

Growing Demand for Cost-Effective Healthcare Solutions

• A significant and accelerating trend in the global refurbished medical equipment market is the increasing adoption of pre-owned and refurbished devices across hospitals, clinics, and diagnostic centers. This trend is driven by the need for cost-effective solutions that maintain high performance and safety standards
• Refurbished medical equipment allows healthcare providers to optimize budgets while acquiring advanced diagnostic and therapeutic devices, ensuring timely access to essential technology
• The market is seeing rapid adoption in emerging economies, where rising healthcare investments and expanding medical infrastructure create strong demand for affordable, reliable equipment solutions
• Providers of refurbished medical devices are focusing on thorough quality checks, maintenance, and certification processes to ensure compliance with global safety standards, further building trust among healthcare facilities
• Hospitals and clinics benefit from shorter procurement cycles, reduced capital expenditure, and access to cutting-edge equipment without the long lead times associated with new devices
• Leading companies are expanding their refurbishment services and after-sales support to strengthen market confidence, offering warranties and service contracts to enhance the reliability of refurbished equipment
• The growing emphasis on cost efficiency, combined with the rising prevalence of chronic diseases and expanding diagnostic services, is fundamentally driving the growth of the refurbished medical equipment market across both developed and developing regions

Refurbished Medical Equipment Market Dynamics

Driver

Growing Need for Cost-Effective and Accessible Healthcare Solutions

• The increasing demand for affordable and high-quality medical equipment in hospitals, clinics, and diagnostic centers is a significant driver for the growth of the Refurbished Medical Equipment market
  • For instance, in April 2024, GE Healthcare expanded its refurbishment services, offering pre-owned imaging and diagnostic systems with full warranties and performance certifications. Such strategies by key companies are expected to drive the Refurbished Medical Equipment market growth during the forecast period
• Healthcare providers are seeking refurbished equipment to manage budget constraints while still maintaining access to advanced diagnostic and therapeutic technologies. These solutions provide a practical alternative to costly new equipment purchases
• Furthermore, the increasing number of healthcare facilities and diagnostic centers, particularly in emerging economies, is boosting the adoption of refurbished equipment, ensuring broader patient access to essential healthcare services
• The availability of refurbished equipment with full service support, performance validation, and compliance with international standards ensures reliability, encouraging hospitals and clinics to adopt these solutions
• Providers benefit from shorter procurement times and reduced capital expenditure, making refurbished equipment an attractive option for expanding healthcare operations
• The rising prevalence of chronic diseases, coupled with the growing need for modernized healthcare infrastructure, continues to drive sustained demand for refurbished medical equipment across both developed and developing regions

Restraint/Challenge

Concerns Regarding Equipment Reliability and High Initial Investment for Certified Refurbishment

• Concerns about the reliability, lifespan, and performance of refurbished medical equipment pose challenges for wider adoption in healthcare facilities. Buyers may hesitate to invest without assurance of long-term performance and compliance with regulatory standards
  • For instance, reports of inconsistencies in refurbished devices or delays in certification processes have made some healthcare providers cautious about adopting pre-owned equipment
• Addressing these concerns through stringent refurbishment protocols, certified performance validation, and comprehensive after-sales support is critical for building trust among medical institutions. Leading providers emphasize rigorous testing, warranties, and maintenance contracts to reassure buyers
• In addition, the relatively high initial investment for certified refurbished equipment, especially for complex diagnostic systems, can be a barrier in price-sensitive regions, despite being cheaper than new devices
• While costs are generally lower than new equipment, the perceived risk of operational downtime or additional maintenance can hinder adoption, particularly in smaller clinics
• Overcoming these challenges through standardized certification, enhanced support services, and transparent pricing models will be vital for sustaining market growth and increasing adoption globally

Refurbished Medical Equipment Market Scope

The market is segmented on the basis of product, application, and end users.

• By Product

On the basis of product, the refurbished medical equipment market is segmented into medical imaging equipment, operating room and surgical equipment, patient monitors, cardiology equipment, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, IV therapy systems, and others. The medical imaging equipment segment dominated the largest market revenue share of 38.5% in 2024, driven by the increasing need for cost-effective diagnostic solutions across hospitals and diagnostic centers. Refurbished imaging systems, such as MRI, CT, and X-ray machines, allow healthcare providers to deliver high-quality diagnostics at a fraction of the cost of new equipment. Long product lifespans, availability of certified refurbishment services, and compliance with quality standards make this segment attractive. Furthermore, the rising prevalence of chronic diseases, aging populations, and growth of diagnostic centers globally are key factors driving its dominance. Hospitals also leverage refurbished imaging systems to expand services and enhance patient throughput without substantial capital investment.

The operating room and surgical equipment segment is expected to witness the fastest CAGR of 22.1% from 2025 to 2032, fueled by the rising demand for minimally invasive surgeries and cost-effective surgical infrastructure. Hospitals, specialty surgical centers, and outpatient facilities increasingly adopt refurbished OR equipment, such as surgical tables, lights, anesthesia machines, and sterilization units, to reduce capital expenditure while maintaining high-quality standards. Expansion of surgical capacities in emerging economies, increased number of elective surgeries, and the need for rapid deployment of high-cost equipment further contribute to the segment’s rapid growth. Service guarantees, warranty programs, and stringent performance validation of refurbished equipment enhance buyer confidence, further propelling adoption.

• By Application

On the basis of application, the market is segmented into diagnostic and therapeutic. The diagnostic segment accounted for the largest revenue share of 56% in 2024, driven by the growing need for affordable yet advanced diagnostic solutions in hospitals, clinics, and diagnostic centers. Refurbished diagnostic equipment, including imaging systems, patient monitoring devices, and laboratory analyzers, provides healthcare providers with cost-efficient tools to manage high patient volumes. The segment’s dominance is supported by the increasing prevalence of chronic and lifestyle-related diseases, rising awareness for early detection, and expanding healthcare infrastructure, especially in emerging markets. In addition, the availability of certified refurbishment services and warranties ensures reliability and safety, making refurbished diagnostic equipment a preferred choice for budget-conscious institutions.

The therapeutic segment is projected to witness the fastest CAGR of 20.5% from 2025 to 2032, fueled by the growing number of surgical procedures, hospital expansions, and rising outpatient care facilities. Refurbished therapeutic equipment, including OR systems, ICU devices, and endoscopy tools, allows medical centers to provide advanced treatment at reduced costs. Increasing healthcare spending, the rising adoption of minimally invasive therapies, and demand for rapid installation of high-value therapeutic equipment in emerging regions are major growth drivers. The segment benefits from the cost-effectiveness and immediate availability of refurbished equipment, which reduces lead times and facilitates faster service delivery to patients.

• By End Users

On the basis of end users, the market is segmented into hospitals, clinics, diagnostic centres, and others. The hospitals segment dominated the largest market share of 60% in 2024, driven by the need to expand healthcare infrastructure while controlling capital expenditure. Hospitals prefer refurbished medical equipment for high-cost devices such as imaging systems, OR tools, and patient monitors to maintain advanced healthcare services without compromising quality. The segment’s dominance is further supported by the availability of certified refurbished solutions, long-term warranties, and after-sales service contracts, which ensure reliability and safety. Rising patient volumes, growing awareness of advanced treatment methods, and expansion of public and private hospitals globally contribute to robust adoption. In addition, hospitals benefit from refurbished equipment to upgrade technology in existing facilities cost-effectively, enhancing operational efficiency and patient outcomes.

The clinics segment is expected to witness the fastest CAGR of 21.8% from 2025 to 2032, fueled by the establishment of specialty outpatient centers, diagnostic clinics, and smaller healthcare facilities in both urban and semi-urban areas. Clinics increasingly adopt refurbished medical equipment, such as imaging devices, surgical tools, and monitoring systems, to provide high-quality care at reduced investment costs. The growing prevalence of lifestyle and chronic diseases, coupled with the rising demand for specialized treatments in outpatient settings, is driving adoption. Cost-effectiveness, immediate availability, and certified performance of refurbished equipment ensure clinics can expand services and improve patient care without heavy capital expenditure. In addition, flexible financing options and service packages offered by refurbishment companies further accelerate growth in this segment.

Refurbished Medical Equipment Market Regional Analysis

• North America dominated the refurbished medical equipment market with the largest revenue share of 40.52% in 2024, characterized by advanced healthcare infrastructure, early adoption of innovative medical technologies, and a strong presence of key industry players
• The high prevalence of healthcare facilities, government initiatives supporting equipment refurbishment, and increasing demand from hospitals, clinics, and diagnostic centers
• High awareness among healthcare providers regarding cost-effective solutions, combined with well-established regulatory frameworks and availability of skilled technical support, further strengthens the adoption of refurbished medical equipment in the region

U.S. Refurbished Medical Equipment Market Insight

The U.S. refurbished medical equipment market captured the largest revenue share within North America in 2024, driven by the high demand for affordable and quality healthcare equipment across hospitals and diagnostic centers. The market benefits from established refurbishment services, stringent quality standards, and government incentives promoting cost-effective medical solutions. Rising adoption of advanced imaging systems, surgical equipment, and patient monitoring devices in both public and private healthcare facilities contributes significantly to market growth.

Europe Refurbished Medical Equipment Market Insight

The Europe refurbished medical equipment market is projected to expand at a substantial CAGR during the forecast period, primarily driven by well-established healthcare systems and increasing demand for cost-efficient medical devices. The region is witnessing rising adoption of refurbished imaging, surgical, and monitoring equipment in hospitals and clinics to optimize operational expenditure. Increasing urbanization, technological advancements in medical devices, and supportive government policies are encouraging healthcare facilities across Germany, the U.K., France, and other countries to invest in high-quality refurbished equipment.

U.K. Refurbished Medical Equipment Market Insight

The U.K. refurbished medical equipment market is anticipated to grow at a noteworthy CAGR, fueled by cost pressures in the healthcare sector and increasing demand for modernized yet affordable medical technologies. Hospitals and clinics are increasingly leveraging refurbished imaging systems, surgical instruments, and patient monitoring devices to maintain high standards of care while controlling capital expenditure. The country’s robust healthcare infrastructure, awareness of sustainable medical solutions, and strong e-commerce and supply chain networks further support market expansion.

Germany Refurbished Medical Equipment Market Insight

The Germany refurbished medical equipment market is expected to expand at a considerable CAGR during the forecast period, driven by high awareness of advanced medical technologies, focus on sustainable healthcare practices, and strong technical support for refurbishment services. Germany’s developed healthcare infrastructure and emphasis on quality standards promote the adoption of refurbished imaging, surgical, and monitoring equipment. Increasing demand from hospitals and diagnostic centers for cost-effective alternatives to new equipment reinforces the market growth.

Asia-Pacific Refurbished Medical Equipment Market Insight

The Asia-Pacific is expected to be the fastest-growing region in the refurbished medical equipment market during the forecast period, driven by rapid urbanization, rising disposable incomes, and expansion of healthcare infrastructure in countries such as China, India, and Japan. Increasing healthcare spending, growing hospital networks, and high patient volumes are fueling the adoption of refurbished imaging, surgical, and monitoring equipment. Government initiatives to enhance access to affordable healthcare solutions, coupled with the presence of local refurbishment service providers, further accelerate market growth across the region.

Japan Refurbished Medical Equipment Market Insight

The Japan refurbished medical equipment market is gaining momentum due to the country’s high technological expertise, aging population, and increasing demand for cost-effective healthcare solutions. Hospitals and clinics are increasingly adopting refurbished imaging and diagnostic equipment to maintain high-quality care while optimizing costs. Integration of refurbished devices with modern healthcare systems and growing focus on sustainable medical practices are key factors supporting market growth.

China Refurbished Medical Equipment Market Insight

The China refurbished medical equipment market accounted for the largest revenue share in Asia-Pacific in 2024, attributed to the country’s expanding healthcare infrastructure, rapid urbanization, and growing middle-class population. Hospitals and diagnostic centers are increasingly procuring refurbished imaging, surgical, and monitoring devices to meet the rising demand for affordable healthcare. Strong domestic refurbishment capabilities, government support, and focus on increasing access to quality medical equipment are propelling market growth in China.

Refurbished Medical Equipment Market Share

The Refurbished Medical Equipment industry is primarily led by well-established companies, including:

• GE Healthcare (U.S.)
• Koninklijke Philips N.V.(Netherlands)
• Siemens Healthineers Ag (Germany)
• Canon Medical Systems Corporation (Japan)
• Soma Tech Intl. (U.S.)
• Avante Health Solutions (U.S.)
• Block Imaging International, Inc. (U.S.)
• Agito Medical A/S (Denmark)
• DRE Medical, Inc. (U.S.)
• Integrity Medical Systems, Inc. (U.S.)

Latest Developments in Global Refurbished Medical Equipment Market

• In February 2022, Avista Capital Partners announced the acquisition of a majority stake in Probo Medical, a leading provider of refurbished medical imaging equipment. The transaction was valued at approximately USD 450 million, reflecting the growing interest in the medical equipment service and repair sector
• In July 2023, Radon Medical Imaging announced the acquisition of Tristate Biomedical Solutions, a provider of medical equipment service and sales for new, used, and refurbished medical imaging and biomedical equipment. This acquisition expanded Radon's biomedical and C-Arm offerings and grew its presence across Ohio, Indiana, Kentucky, and Louisiana
• In February 2024, Probo Medical acquired Alpha Source Group, a provider of medical equipment service, repair, maintenance, and parts. This acquisition aimed to expand Probo's geographic footprint and medical imaging capabilities
• In August 2025, the Indian government began discussions on new rules to regulate the import of refurbished medical devices. A high-level inter-departmental committee commenced drafting regulations to balance patient safety concerns with affordable healthcare access

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