Refurbished Medical Equipment Market Size & Share, Growth Forecast 2036 Market Analysis

  • Report ID: 2899
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Refurbished Medical Equipment Segmentation

Based on equipment type, the segment for medical & diagnostic imaging equipment is projected to occupy the largest market share by the end of 2029 owing to the increase in demand for these devices. According to the World Health Organization (WHO), some surgical interventions can be avoided altogether if diagnostic imaging services such as ultrasound are available. Factors such as the high usefulness of diagnostic imaging equipment in various healthcare spaces, growing demand for early diagnosis of diseases, and high equipment durability are also anticipated to boost the growth of this segment. Additionally, on the basis of application, the market is segmented into diagnostic and therapeutic, out of which, the diagnostic imaging procedures segment is projected to generate the highest revenue in the year 2029 owing to the increasing number of patients and target diseases for these medical procedures, vast application of diagnostic processes and cost-effective price of imaging equipment. 

Our in-depth analysis of the global market includes the following segments

By Equipment Type

  • Medical & Diagnostic Imaging
    • X-Ray Machines
    • CT Scanners
    • Ultrasound Systems
    • MRI Machines
    • Others
  • Patient Monitors
    • Pulse Oximeters
    • Multi-Parameter Monitors
    • ECG Devices
    • Other Patient Monitors         
  • Surgical
  • Acute & Intensive Care
  • Cardiovascular
  • Neurology
  • Others

By Application

  • Diagnostic
    • Cardiology
    • Neurology
    • Oncology
    • Orthopedics
    • Physiology
    • Obstetrics/Gynecology (OB/GYN)
    • Others
  • Therapeutic
    • Cardiology
    • Neurology
    • Oncology
    • Orthopedics
    • Physiology
    • Obstetrics/Gynecology (OB/GYN)
    • Others

By End-User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Care Centers
  • Others

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of refurbished medical equipment is evaluated at USD 22.73 billion.

Refurbished Medical Equipment Market size was over USD 20.59 billion in 2024 and is poised to exceed USD 91.95 billion by 2037, growing at over 12.2% CAGR during the forecast period i.e., between 2025-2037.

North America industry is poised to account for largest revenue share by 2037, led by extensive privatization of healthcare sector, larger number of refurbishment facilities, and high investment in healthcare sector in the region.

The major players in the market are General Electric Company, Avante Health Solutions, Siemens Healthcare GmbH, EVERX, Koninklijke Philips N.V., and others.
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