The Refurbished Medical Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Refurbished Medical Equipment Market?
The global market for refurbished medical equipment has seen quick expansion in the past few years. The market size is projected to increase from $15.66 billion in 2024 to $18.18 billion in 2025, with a compound annual growth rate (CAGR) of 16.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Refurbished Medical Equipment Industry?
The Refurbished Medical Equipment Global Market is projected to reach a size of $32.84 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.9%.
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What are the Key Growth Drivers Fueling the Refurbished Medical Equipment Market?
The key drivers in the refurbished medical equipment market are:
• Continued pressure on healthcare costs, global health issues and resource allocation
• Increased focus on emerging markets coupled with technology upgrades and equipment obsolescence
• Rise in telehealth services and remote care provision
• Environmental sustainability and circular economy practices along with increased availability of warranty and service contracts, government initiatives supporting refurbished procurement, and advancements in refurbishment technologies.
Global Market Segmentation: Identifying Major Refurbished Medical Equipment Industry Segments
The refurbished medical equipment market covered in this report is segmented –
1) By Product: Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiology Equipment, Urology Equipment, Neurology Equipment, Intensive Care Equipment, Endoscopy Equipment, IV Therapy Systems, Other Products
2) By Application: Diagnostic, Therapeutic
3) By End User: Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers, Other End-users
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What are the Emerging Trends Shaping the Future of the Refurbished Medical Equipment Market?
The key trends in the refurbished medical equipment market are:
• Environmental sustainability and circular economy practices are shaping the future of the refurbished medical equipment market.
• There is an emerging trend of increased focus on refurbished surgical equipment.
• The increased availability of warranty and service contracts is a significant trend.
• Government initiatives and advancements in refurbishment technologies are influencing market trends.
Who Are the Top Competitors & Leading Players in the Refurbished Medical Equipment Market?
Major companies in the refurbished medical equipment market are:
• Siemens Healthineers AG
• Koninklijke Philips N.V.
• Stryker Corporation
• GE HealthCare Technologies Inc.
• Canon Medical Systems Corporation
• Toshiba Medical Systems Corp
• First Source Inc.
• US Med-Equip Inc.
• BC Technical Inc.
• Soma Technology Inc.
• DMS Topline Medical Inc.
• Agito Medical AS
• Avante Health Solutions
• Master Medical Equipment
• US Medical Systems LLC
• Everx Pvt Ltd.
• Hilditch Group Ltd.
• Rosch Medical Systems Pvt Ltd.
• Block Imaging International Inc.
• Rhombus Medical Equipment LLC
• Fair Medical Co Ltd.
• Future Health Concepts Inc.
• Altima Healthcare Services Inc.
• Jaken Medical Inc.
• Bluestone Diagnostics Inc.
• Integrity Medical Systems Inc.
• FlexrayMedical ApS
• Radio Oncology Systems Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the refurbished medical equipment market in 2024
