Refurbished Medical Equipment Market Report 2026

Refurbished Medical Equipment Market Overview

• Refurbished Medical Equipment market size has reached to $18.05 billion in 2025 • Expected to grow to $37.1 billion in 2030 at a compound annual growth rate (CAGR) of 15.3% • Growth Driver: Growing Preference For Eco-Friendly Products Driving Market Growth Due To Sustainable Healthcare Procurement • Market Trend: Offering High-Quality Aftermarket Affordable Equipment Through Refurbishing Units • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Refurbished Medical Equipment Market?

Refurbished medical equipment is equipment that is restored to their original condition without changing their original specifications. This equipment is reused several times. The main types of refurbished medical equipment are medical imaging equipment, operating room & surgical equipment, patient monitors, cardiology equipment, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, IV therapy systems, and others. Medical imaging equipment is used to view the human body to diagnose, monitor, and treat medical conditions. Ultrasound systems, X-ray machines, MRI machines, and CT scanners are a few examples of medical imaging equipment. The operating room and surgical equipment are used for performing surgeries in operating rooms which include a wide range of handheld, portable and fixed equipment or devices such as anesthesia devices, electrosurgical devices, surgical imaging devices, and others. Patient monitors are used to measure, record, distribute and display combinations of biometric values such as heart rate, SPO2, blood pressure, temperature, and more. Cardiology equipment is used for analyzing heart-related parameters, which include ECG machines, Bedside Monitor, Multi Para Monitors, Central Nursing stations, and others. Urology equipment is used for examining the urinary tract (kidneys, ureters, bladder, and urethra). Neurology equipment is used for examining preventing and treating a variety of neurological disorders and conditions. Intensive care equipment is used to monitor the patient and/or help treat their illness. Endoscopy equipment is used to diagnose the stricture of hollow organs of the body such as the colon, esophagus, and stomach. IV therapy systems are used for delivering fluids, medications, and nutrition directly into a person's vein for immediate absorption and use by the body. The refurbished medical equipment is used in diagnostic and therapeutic areas. Various users of refurbished medical equipment include hospitals, ambulatory care centers, diagnostic imaging centers, and others.

What Is The Refurbished Medical Equipment Market Growth Forecast?

The refurbished medical equipment market size is expected to see rapid growth in the next few years. It will grow to $37.1 billion in 2030 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to increasing investments in sustainable healthcare solutions, rising demand from emerging economies, expansion of refurbishment certification programs, growing focus on circular economy practices, increasing hospital modernization initiatives. Major trends in the forecast period include increasing demand for cost-effective medical equipment solutions, growing adoption of refurbished imaging systems, rising use of certified refurbished surgical equipment, expansion of equipment reuse in emerging markets, enhanced focus on quality assurance and compliance.

Global Refurbished Medical Equipment Market Segmentation

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 Subsegments: 1) By Medical Imaging Equipment: MRI Machines, CT Scanners, Ultrasound Machines 2) By Operating Room And Surgical Equipment: Surgical Tables, Surgical Lights, Anesthesia Machines 3) By Patient Monitors: Vital Signs Monitors, Multi-parameter Monitors, Telemetry Monitors 4) By Cardiology Equipment: ECG Machines, Defibrillators, Echocardiography Machines 5) By Urology Equipment: Urodynamics Equipment, Endoscopic Equipment, Lithotripters 6) By Neurology Equipment: EEG Machines, EMG Machines, Neurostimulators 7) By Intensive Care Equipment: Ventilators, Infusion Pumps, Patient Beds 8) By Endoscopy Equipment: Endoscopes, Video Endoscopy Systems, Sterilizers 9) By IV Therapy Systems: IV Pumps, IV Sets, Infusion Systems 10) By Other Products: Laboratory Equipment, Rehabilitation Equipment, Diagnostic Equipment

What Is The Driver Of The Refurbished Medical Equipment Market?

The growing preference for eco-friendly products contributed to the growth of the refurbished medical equipment market. Eco-friendly products are those that have a minimal negative impact on the environment throughout their entire life cycle, from raw material extraction and processing to manufacturing, packaging, transportation, use, and disposal. This rise in preference is due to increasing awareness of environmental sustainability and the need to minimize electronic waste generated by the healthcare sector. The growing preference for eco-friendly products supports the refurbished medical equipment market by encouraging healthcare providers to adopt remanufactured devices that extend product life cycles while lowering carbon footprint and procurement costs. For instance, in May 2024, according to PricewaterhouseCoopers, a UK-based professional services firm, around 85% of consumers reported experiencing the disruptive effects of climate change, and 46% indicated that they were purchasing more sustainable products to reduce their environmental impact, with some consumers say they are willing to spend 9.7% more, for sustainability. Therefore, the growing preference for eco-friendly products is driving the growth of the refurbished medical equipment industry.

Key Players In The Global Refurbished Medical Equipment Market

Major companies operating 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.

Global Refurbished Medical Equipment Market Trends and Insights

Major companies operating in the ultrasound systems market are focusing on sustainability initiatives, such as providing high-quality, refurbished ultrasound equipment, to expand access to advanced imaging solutions while reducing capital expenditure for healthcare providers. Refurbished systems combine reliability, quality assurance, and cost-effectiveness, helping hospitals and clinics in emerging markets adopt modern imaging technologies without compromising on performance. For instance, in April 2024, GE Healthcare, a US-based medical technology and digital solutions company, launched a new refurbishing unit in Bangladesh for its A1 SURE Ultrasound Systems, aimed at offering high-quality, aftermarket, affordable ultrasound equipment to hospitals and diagnostic centers. The unit refurbishes pre-owned ultrasound machines, ensuring they meet GE’s stringent quality standards, and provides warranty and service support like new systems. This initiative supports GE Healthcare’s strategy to increase affordability and accessibility of ultrasound imaging in emerging markets while promoting sustainability through equipment reuse.

What Are Latest Mergers And Acquisitions In The Refurbished Medical Equipment Market?

In July 2023, Radon Medical Imaging, Inc., a US based independent service organization specialising in the sale, service, repair and refurbishment of medical imaging equipment, acquired Tristate Biomedical Solutions, LLC, for an undisclosed amount. With this acquisition, Radon aims to expand its footprint in the refurbished medical equipment market by integrating Tristate’s expertise in C Arm, X Ray, respiratory and other imaging modalities, enabling Radon to scale its service network, broaden its product portfolio, and deepen its capability in selling and maintaining pre-owned imaging systems. Tristate Biomedical Solutions, LLC is a US-based company that specialises in imaging and biomedical equipment sales, service, repair, and distribution, particularly for refurbished and used medical imaging devices.

Regional Outlook

North America was the largest region in the refurbished medical equipment market in 2025. Asia-Pacific is predicted to record the fastest growth over the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Refurbished Medical Equipment Market?

The refurbished medical equipment market consists of sales of refurbished X-ray machines, ultrasound systems, MRI machines, CT scanners, nuclear imaging systems, and other medical imaging equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.