Summary

The global market for Used and Refurbished Medical Equipment was estimated to be worth US$ 9943 million in 2024 and is forecast to a readjusted size of US$ 17350 million by 2031 with a CAGR of 8.4% during the forecast period 2025-2031.
Refurbished Medical Equipment is fully tested, cleaned, calibrated and upgraded with new parts and renovation of older or damaged equipment to bring it to a workable or better-looking condition and is free of defects. The remanufacturing of medical devices is a growing phenomenon within the health-care industry. The types of devices that are currently refurbished range from machines such as neonatal monitors and anesthesia vaporizers to devices used in surgery, such as forceps, endoscopes, and cytoscopes
The used and refurbished medical equipment market is experiencing significant growth driven by the rising demand for cost-effective healthcare solutions worldwide. Many healthcare providers, especially in developing countries and smaller clinics, face budget constraints and seek affordable alternatives to brand-new medical devices. Refurbished equipment offers a reliable and economical option without compromising on quality or functionality, enabling these facilities to access advanced medical technologies at a fraction of the original cost. Additionally, increasing healthcare infrastructure development, combined with the need to upgrade existing equipment due to rapid technological advancements, fuels the demand for refurbished products. The growing focus on sustainability and reducing electronic waste also encourages healthcare institutions to consider refurbished equipment as a responsible purchasing choice, contributing to market expansion. Despite the advantages, the used and refurbished medical equipment market faces several challenges that hinder its wider adoption. One of the primary concerns is the perceived risk regarding the quality, safety, and reliability of refurbished devices. Healthcare providers often hesitate to invest in used equipment due to fears of malfunction, lack of warranty, or limited after-sales support. Regulatory complexities also pose a significant challenge, as compliance requirements for refurbished equipment vary across regions, creating uncertainty and operational difficulties for manufacturers and distributors. Furthermore, the lack of standardized refurbishment processes and certification can undermine confidence in these products. Lastly, advancements in medical technology mean that some older equipment may quickly become obsolete, limiting the market for certain refurbished devices and requiring continuous updates to refurbishment capabilities.
This report aims to provide a comprehensive presentation of the global market for Used and Refurbished Medical Equipment, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Used and Refurbished Medical Equipment by region & country, by Type, and by Application.
The Used and Refurbished Medical Equipment market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Used and Refurbished Medical Equipment.
Market Segmentation
By Company
GE Healthcare
Philips Healthcare
Siemens Healthineers
Hitachi
Canon Medical
Block Imaging International
Avante Medical Surgical
Soma Technology
Integrity Medical Systems
Everx Pvt Ltd
Radiology Oncology Systems
Segment by Type
Medical Imaging Equipment
Operating Room and Surgical Equipment
Patient Monitors
Cardiovascular & Cardiology Equipment
Neurology Equipment
Other Equipment
Segment by Application
Hospitals & Clinic
Nursing Homes
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Used and Refurbished Medical Equipment company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Used and Refurbished Medical Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Used and Refurbished Medical Equipment in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Used and Refurbished Medical Equipment Product Introduction
1.2 Global Used and Refurbished Medical Equipment Market Size Forecast (2020-2031)
1.3 Used and Refurbished Medical Equipment Market Trends & Drivers
1.3.1 Used and Refurbished Medical Equipment Industry Trends
1.3.2 Used and Refurbished Medical Equipment Market Drivers & Opportunity
1.3.3 Used and Refurbished Medical Equipment Market Challenges
1.3.4 Used and Refurbished Medical Equipment Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Used and Refurbished Medical Equipment Players Revenue Ranking (2024)
2.2 Global Used and Refurbished Medical Equipment Revenue by Company (2020-2025)
2.3 Key Companies Used and Refurbished Medical Equipment Manufacturing Base Distribution and Headquarters
2.4 Key Companies Used and Refurbished Medical Equipment Product Offered
2.5 Key Companies Time to Begin Mass Production of Used and Refurbished Medical Equipment
2.6 Used and Refurbished Medical Equipment Market Competitive Analysis
2.6.1 Used and Refurbished Medical Equipment Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Used and Refurbished Medical Equipment Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Used and Refurbished Medical Equipment as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Medical Imaging Equipment
3.1.2 Operating Room and Surgical Equipment
3.1.3 Patient Monitors
3.1.4 Cardiovascular & Cardiology Equipment
3.1.5 Neurology Equipment
3.1.6 Other Equipment
3.2 Global Used and Refurbished Medical Equipment Sales Value by Type
3.2.1 Global Used and Refurbished Medical Equipment Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Used and Refurbished Medical Equipment Sales Value, by Type (2020-2031)
3.2.3 Global Used and Refurbished Medical Equipment Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Hospitals & Clinic
4.1.2 Nursing Homes
4.1.3 Other
4.2 Global Used and Refurbished Medical Equipment Sales Value by Application
4.2.1 Global Used and Refurbished Medical Equipment Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Used and Refurbished Medical Equipment Sales Value, by Application (2020-2031)
4.2.3 Global Used and Refurbished Medical Equipment Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Used and Refurbished Medical Equipment Sales Value by Region
5.1.1 Global Used and Refurbished Medical Equipment Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Used and Refurbished Medical Equipment Sales Value by Region (2020-2025)
5.1.3 Global Used and Refurbished Medical Equipment Sales Value by Region (2026-2031)
5.1.4 Global Used and Refurbished Medical Equipment Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Used and Refurbished Medical Equipment Sales Value, 2020-2031
5.2.2 North America Used and Refurbished Medical Equipment Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Used and Refurbished Medical Equipment Sales Value, 2020-2031
5.3.2 Europe Used and Refurbished Medical Equipment Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Used and Refurbished Medical Equipment Sales Value, 2020-2031
5.4.2 Asia Pacific Used and Refurbished Medical Equipment Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Used and Refurbished Medical Equipment Sales Value, 2020-2031
5.5.2 South America Used and Refurbished Medical Equipment Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Used and Refurbished Medical Equipment Sales Value, 2020-2031
5.6.2 Middle East & Africa Used and Refurbished Medical Equipment Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Used and Refurbished Medical Equipment Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.3 United States
6.3.1 United States Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.3.2 United States Used and Refurbished Medical Equipment Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Used and Refurbished Medical Equipment Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.4.2 Europe Used and Refurbished Medical Equipment Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Used and Refurbished Medical Equipment Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.5.2 China Used and Refurbished Medical Equipment Sales Value by Type (%), 2024 VS 2031
6.5.3 China Used and Refurbished Medical Equipment Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.6.2 Japan Used and Refurbished Medical Equipment Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Used and Refurbished Medical Equipment Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.7.2 South Korea Used and Refurbished Medical Equipment Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Used and Refurbished Medical Equipment Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.8.2 Southeast Asia Used and Refurbished Medical Equipment Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Used and Refurbished Medical Equipment Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Used and Refurbished Medical Equipment Sales Value, 2020-2031
6.9.2 India Used and Refurbished Medical Equipment Sales Value by Type (%), 2024 VS 2031
6.9.3 India Used and Refurbished Medical Equipment Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 GE Healthcare
7.1.1 GE Healthcare Profile
7.1.2 GE Healthcare Main Business
7.1.3 GE Healthcare Used and Refurbished Medical Equipment Products, Services and Solutions
7.1.4 GE Healthcare Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.1.5 GE Healthcare Recent Developments
7.2 Philips Healthcare
7.2.1 Philips Healthcare Profile
7.2.2 Philips Healthcare Main Business
7.2.3 Philips Healthcare Used and Refurbished Medical Equipment Products, Services and Solutions
7.2.4 Philips Healthcare Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.2.5 Philips Healthcare Recent Developments
7.3 Siemens Healthineers
7.3.1 Siemens Healthineers Profile
7.3.2 Siemens Healthineers Main Business
7.3.3 Siemens Healthineers Used and Refurbished Medical Equipment Products, Services and Solutions
7.3.4 Siemens Healthineers Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.3.5 Siemens Healthineers Recent Developments
7.4 Hitachi
7.4.1 Hitachi Profile
7.4.2 Hitachi Main Business
7.4.3 Hitachi Used and Refurbished Medical Equipment Products, Services and Solutions
7.4.4 Hitachi Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.4.5 Hitachi Recent Developments
7.5 Canon Medical
7.5.1 Canon Medical Profile
7.5.2 Canon Medical Main Business
7.5.3 Canon Medical Used and Refurbished Medical Equipment Products, Services and Solutions
7.5.4 Canon Medical Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.5.5 Canon Medical Recent Developments
7.6 Block Imaging International
7.6.1 Block Imaging International Profile
7.6.2 Block Imaging International Main Business
7.6.3 Block Imaging International Used and Refurbished Medical Equipment Products, Services and Solutions
7.6.4 Block Imaging International Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.6.5 Block Imaging International Recent Developments
7.7 Avante Medical Surgical
7.7.1 Avante Medical Surgical Profile
7.7.2 Avante Medical Surgical Main Business
7.7.3 Avante Medical Surgical Used and Refurbished Medical Equipment Products, Services and Solutions
7.7.4 Avante Medical Surgical Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.7.5 Avante Medical Surgical Recent Developments
7.8 Soma Technology
7.8.1 Soma Technology Profile
7.8.2 Soma Technology Main Business
7.8.3 Soma Technology Used and Refurbished Medical Equipment Products, Services and Solutions
7.8.4 Soma Technology Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.8.5 Soma Technology Recent Developments
7.9 Integrity Medical Systems
7.9.1 Integrity Medical Systems Profile
7.9.2 Integrity Medical Systems Main Business
7.9.3 Integrity Medical Systems Used and Refurbished Medical Equipment Products, Services and Solutions
7.9.4 Integrity Medical Systems Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.9.5 Integrity Medical Systems Recent Developments
7.10 Everx Pvt Ltd
7.10.1 Everx Pvt Ltd Profile
7.10.2 Everx Pvt Ltd Main Business
7.10.3 Everx Pvt Ltd Used and Refurbished Medical Equipment Products, Services and Solutions
7.10.4 Everx Pvt Ltd Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.10.5 Everx Pvt Ltd Recent Developments
7.11 Radiology Oncology Systems
7.11.1 Radiology Oncology Systems Profile
7.11.2 Radiology Oncology Systems Main Business
7.11.3 Radiology Oncology Systems Used and Refurbished Medical Equipment Products, Services and Solutions
7.11.4 Radiology Oncology Systems Used and Refurbished Medical Equipment Revenue (US$ Million) & (2020-2025)
7.11.5 Radiology Oncology Systems Recent Developments
8 Industry Chain Analysis
8.1 Used and Refurbished Medical Equipment Industrial Chain
8.2 Used and Refurbished Medical Equipment Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Used and Refurbished Medical Equipment Sales Model
8.5.2 Sales Channel
8.5.3 Used and Refurbished Medical Equipment Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer