Refurbished Medical Devices Market Size, Share, Growth, and Industry Analysis, By Type (Online Sales, Offline Sales) By Application (Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers) Regional Forecast From 2025 To 2034

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REFURBISHED MEDICAL DEVICES MARKET OVERVIEW

The global Refurbished Medical Devices Market size stood at USD 20.67 billion in 2025, growing further to USD 38.46 billion by 2034 at an estimated CAGR of 7.15% from 2025 to 2034.

The United States Refurbished Medical Devices Market size is projected at USD 7.22896 billion in 2025, the Europe Refurbished Medical Devices Market size is projected at USD 6.04687 billion in 2025, and the China Refurbished Medical Devices Market size is projected at USD 4.39979 billion in 2025.

The global COVID-19 pandemic has been unprecedented and staggering, with refurbished medical devices experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Refurbished medical equipment is described as a medical device that has been repaired and rebuilt to a standard that is on par with new equipment. Refurbishing entails reconditioning, repairs, the installation of certain software and hardware updates without altering the original device's intended use, and the replacement of worn-out components. Technology is evolving more quickly regarding software, hardware, and other areas, which reduces the time between buying advanced systems and wearing out preoccupied gadgets. The desire for affordable systems by small-scale private hospitals and clinics and the growing engagement of major manufacturers in refurbishing their equipment fuel the growth of the market for refurbished medical equipment. 

The market for refurbished medical equipment consists of sales of refurbished medical equipment by companies (organizations, sole proprietors, and partnerships) that produce refurbished medical equipment. Refurbished medical equipment has undergone refurbishment, restoration, installation, and replacement of worn parts without changing their intended use. The quality control division inspects and tests these gadgets, and they are frequently refurbished for extended usage.

KEY FINDINGS

COVID-19 IMPACT

Effective Patient Care Demand Surged Market Growth

The global market has suffered a serious blow as a result of the COVID-19 epidemic. Effective patient care is now a critical demand in the medical sector. As a result, the market for refurbished medical equipment is seeing decreased demand at the present time. Medical gadgets undergoing refurbishment are not frontline instruments. X-rays and CT scans are particularly useless during this time. Additionally, the medical and healthcare sector is recovering from the massive disruption caused by the pandemic outbreak. 

LATEST TRENDS

Rising Demand for Imaging Equipment to Surge Market Growth

The rising demand for imaging devices for the diagnosis of various illnesses, it is anticipated that the market for reconditioned medical imaging equipment is forecasted to expand rapidly over the next few years. Except for a few mild diseases, medical imaging technology like X-ray, MRI, and CT scan scanners is widely used to identify every problem. Medical imaging technology that has been refurbished performs just as well as new technology. The need for refurbished medical imaging equipment is growing globally due to the rise in disease rates. Many hospitals rely on used medical imaging equipment since it saves them a lot of money compared to purchasing new equipment.

• According to the report, the adoption of IoT-enabled refurbished medical devices rose by 35% in 2024, enhancing remote monitoring capabilities.

• The WHO states that refurbished devices equipped with AI-based diagnostic tools grew 28% in usage across Asia-Pacific in the last two years.

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REFURBISHED MEDICAL DEVICES MARKET SEGMENTATION

By Type Analysis

By type, the market is segmented into refurbished radiation oncology systems, refurbished minimally invasive devices, refurbished biotechnology instruments, refurbished diagnostic imaging devices, and others.

By Application Analysis

Based on application, the market is classified into hospitals, clinics, and others.

DRIVING FACTORS

Rising Focus On Original Equipment to Propel the Demand for Devices

The refurbished medical equipment market is anticipated to rise as a result of original equipment manufacturers' increased attention on medical device refurbishment. For example, businesses like GE Siemens, Healthcare, and Philips are now concentrating on the refurbishment of large scanning machines such as radiology-based equipment, X-ray systems, angiography, magnetic resonance, and other molecular imaging devices. These devices are available at a cost that is lower than the cost of new systems. End customers are more likely to trust refurbishment that is based on the manufacturers of the original equipment. Additionally, it is anticipated that the introduction of efficient remanufacturing standards will increase the use of reconditioned medical equipment.

Surging Demand for Medical Devices at Low Cost to Surge Market Growth

The refurbished medical devices market growth is anticipated to be backed by the rising need for affordable medical equipment. Due to the low levels of disposable income in these countries, the need for refurbished medical equipment is higher. The market is anticipated to grow significantly due to the high cost of large, technologically sophisticated equipment. When compared to new equipment, refurbished medical equipment is less expensive. Additionally, e-commerce platforms should make it simple to sell and buy refurbished medical equipment.

• The U.S. Environmental Protection Agency (EPA) reports that refurbished medical devices reduce electronic waste by approximately 40%, encouraging sustainable healthcare practices.

• According to the report, refurbished devices help decrease hospital equipment acquisition costs by up to 25%, improving affordability.

RESTRAINING FACTORS

Lack of Standard Regulatory Policies to Restrict Growth of the Market

The lack of defined regulatory standards for the resale of refurbished devices is anticipated to restrain market growth. The market for refurbished medical devices is also anticipated to be significantly constrained by negative consumer perceptions about refurbished products.

• The reports that around 18% of refurbished devices fail initial quality assurance tests, raising concerns among healthcare providers.

• The European Commission notes that inconsistencies in international standards cause delays in device approvals, affecting 12% of refurbished product shipments globally.

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REFURBISHED MEDICAL DEVICES MARKET REGIONAL INSIGHTS

Asia Pacific to Dominate the Global Market Due to the Steady Adoption of Refurbished Devices

Asia Pacific is estimated to hold a dominating part of the refurbished medical devices market share due to the rapid adoption of refurbished devices in emerging economies. The rising number of clinics and hospitals is also estimated to foster market growth. 

North America is anticipated to show significant growth in the market owing to the constant rise in the number of hospitals in the region. 

KEY INDUSTRY PLAYERS

Key Players Focusing on Innovative Technology Development to Grow in Market

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

• GE Healthcare: According to the report, GE Healthcare's refurbished imaging systems hold a 22% share in North America’s refurbished medical devices market.

• Johnson & Johnson: The U.S. FDA confirms Johnson & Johnson’s involvement in certified refurbished surgical instruments, accounting for 15% of the U.S. market segment.

List of Top Refurbished Medical Devices Companies

• GE Healthcare (U.S.)
• Siemens Healthcare (Germany)
• Philips Healthcare (Netherlands)
• Ultra Solutions
• Soma Technology (U.S.)
• Johnson & Johnson
• Agito Medical (Denmark)
• Block Imaging  (U.S.)
• Whittemore Enterprises
• Radiology Oncology Systems (U.S.)
• Integrity Medical Systems (U.S.)
• TRACO (Switzerland)
• First Source (India)
• Soma Technology (U.S.)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2022 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.