Refurbished Medical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Refurbished Medical Devices Market is Segmented by Product (Medical Imaging Equipment, Operating Room, and Surgical Equipment, Patient Monitors, Cardiovascular and Cardiology Equipment, Neurology Equipment, Endoscopy Equipment, Intensive Care Units, and Other Medical Equipment) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers the Values (USD Million) for the Above Segments.

Refurbished Medical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Refurbished Medical Devices Market Size

Refurbished Medical Devices Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Market Size (2025) USD 19.19 Billion
Market Size (2030) USD 34.64 Billion
CAGR (2025 - 2030) 12.54 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Refurbished Medical Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Refurbished Medical Devices Market Analysis

The Refurbished Medical Devices Market size is estimated at USD 19.19 billion in 2025, and is expected to reach USD 34.64 billion by 2030, at a CAGR of 12.54% during the forecast period (2025-2030).

During the COVID-19 pandemic the demand for refurbished medical devices, like mechanical ventilators and patient monitoring devices increased significantly to cater to the need of a large patient base. However, supply chain disruption and trade ban had a negative impact on the refurbished medical devices market.

Factors such as cost containment pressure on healthcare organizations, availability of refurbished medical devices, and rise in healthcare service providers are expected to drive the market growth. For instance, according to the data published by the American Hospital Association in 2022, there are about 6,093 hospitals in the U.S. According to the same source, there are about 2,960, 1,228, 951, 207, 635, and 112 nongovernment not-for-profit community hospitals; investor-owned (for-profit) community hospitals; state and local government community hospitals; federal government hospitals; and nonfederal psychiatric hospitals, respectively. Also, according to Canada.ca, there were around 1,265 hospitals in Canada in 2022. Thus, the high number of healthcare facilities is expected to increase the demand for refurbished medical devices.

Along with the demand for new equipment, there is an increasing demand for refurbished medical equipment around the world. An increasing number of new hospitals are opting for alternate options to cut down on capital investments. Several hospitals prefer refurbished medical devices to save capital investment and offer healthcare services at affordable costs to patients. Moreover, the demand for refurbished medical devices is much higher in low- and middle-income countries, one of the primary reasons being underdeveloped health infrastructure and limited access to healthcare resources. Thus, factors such as affordability and the increasing number of healthcare service providers are anticipated to drive market growth over the forecast period.

However, quality issues of refurbished medical equipment among end users and reluctance to purchase refurbished medical equipment among healthcare providers are expected to hinder the market growth.

Refurbished Medical Devices Industry Overview

The refurbished medical devices market is highly competitive and consists of a number of major players. Companies like Agito Medical AS, Avante Health Solutions, Block Imaging International Inc., Everx Pvt. Ltd, GE Healthcare, Integrity Medical Systems Inc., Koninklijke Philips NV, Radio Oncology Systems Inc., Siemens Healthcare Systems, and Soma Technology, among others, hold substantial market shares in the refurbished medical devices market.

Refurbished Medical Devices Market Leaders

  1. Avante Health Solutions

  2. GE Healthcare

  3. Koninklijke Philips N.V.

  4. Siemens Healthcare Systems

  5. Soma Technology

  6. *Disclaimer: Major Players sorted in no particular order
Refurbished Medical Devices Market  Concentration
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Refurbished Medical Devices Market News

  • In December 2021, Block Imaging acquired Reliable Healthcare Imaging to open a new repair and reprocessing facility for CT scanner tubes and HV tanks.
  • In May 2021, Hermes Medical Solutions and Radiology Oncology Systems entered into an agreement to deliver cost-efficient and innovative solutions including refurbished medical devices to Medical Imaging and Radiotherapy Departments in the US.

Refurbished Medical Devices Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Cost Containment Pressure on Healthcare Organizations
    • 4.2.2 Large Inventory of Old or Used Medical Devices
    • 4.2.3 Growing Rate of Private Healthcare Institutions
  • 4.3 Market Restraints
    • 4.3.1 Quality Issues of Refurbished Medical Equipment among End Users
    • 4.3.2 Reluctance to Purchase Refurbished Medical Equipment Among Healthcare Providers
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD million)

  • 5.1 By Product
    • 5.1.1 Medical Imaging Equipment
    • 5.1.1.1 X-ray Machines
    • 5.1.1.2 Ultrasound Systems
    • 5.1.1.3 MRI Machines
    • 5.1.1.4 CT Scanners
    • 5.1.1.5 Nuclear Imaging Systems (Pet, Spect, and Pet/CT)
    • 5.1.1.6 Other Medical Imaging Equipment
    • 5.1.2 Operating Room and Surgical Equipment
    • 5.1.2.1 Anesthesia Machines
    • 5.1.2.2 CO2 and Agent Monitors
    • 5.1.2.3 Microscopes
    • 5.1.2.4 Electrosurgical Units
    • 5.1.2.5 Other Operating Room and Surgical Equipment
    • 5.1.3 Patient Monitors
    • 5.1.3.1 Multiparameter Monitors
    • 5.1.3.2 Electrocardiography Devices (ECG)
    • 5.1.3.3 Non-invasive Blood Pressure Monitors
    • 5.1.4 Cardiovascular and Cardiology Equipment
    • 5.1.5 Neurology Equipment
    • 5.1.6 Endoscopy Equipment
    • 5.1.7 Intensive Care Units
    • 5.1.8 Other Medical Equipment
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Mexico
    • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 United Kingdom
    • 5.2.2.3 France
    • 5.2.2.4 Italy
    • 5.2.2.5 Spain
    • 5.2.2.6 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 Japan
    • 5.2.3.3 India
    • 5.2.3.4 Australia
    • 5.2.3.5 South Korea
    • 5.2.3.6 Rest of Asia-Pacific
    • 5.2.4 Middle East and Africa
    • 5.2.4.1 GCC
    • 5.2.4.2 South Africa
    • 5.2.4.3 Rest of Middle East and Africa
    • 5.2.5 South America
    • 5.2.5.1 Brazil
    • 5.2.5.2 Argentina
    • 5.2.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Agito Medical AS
    • 6.1.2 Avante Health Solutions
    • 6.1.3 Block Imaging International Inc.
    • 6.1.4 Everx Pvt. Ltd
    • 6.1.5 GE Healthcare
    • 6.1.6 Integrity Medical Systems Inc.
    • 6.1.7 Koninklijke Philips NV
    • 6.1.8 Radio Oncology Systems Inc.
    • 6.1.9 Siemens Healthcare Systems
    • 6.1.10 Soma Technology
    • 6.1.11 Hilditch Group
    • 6.1.12 Master Medical Equipment
    • 6.1.13 Cambridge Scientific Products
    • 6.1.14 Johnson & Johnson
    • 6.1.15 Canon Medical Systems
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Refurbished Medical Devices Industry Segmentation

As per the scope, refurbishment is a methodical process that brings used equipment to almost the same condition as new equipment (or sometimes even better condition, in case upgrades, are available). Such action provides significant benefits both from an environmental and a social perspective. The Refurbished Medical Devices Market is Segmented by Product (Medical Imaging Equipment, Operating Room, and Surgical Equipment, Patient Monitors, Cardiovascular and Cardiology Equipment, Neurology Equipment, Endoscopy Equipment, Intensive Care Units, and Other Medical Equipment) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across the major regions globally. The report offers the values (USD million) for the above segments.

By Product Medical Imaging Equipment X-ray Machines
Ultrasound Systems
MRI Machines
CT Scanners
Nuclear Imaging Systems (Pet, Spect, and Pet/CT)
Other Medical Imaging Equipment
Operating Room and Surgical Equipment Anesthesia Machines
CO2 and Agent Monitors
Microscopes
Electrosurgical Units
Other Operating Room and Surgical Equipment
Patient Monitors Multiparameter Monitors
Electrocardiography Devices (ECG)
Non-invasive Blood Pressure Monitors
Cardiovascular and Cardiology Equipment
Neurology Equipment
Endoscopy Equipment
Intensive Care Units
Other Medical Equipment
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
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Refurbished Medical Devices Market Research FAQs

How big is the Refurbished Medical Devices Market?

The Refurbished Medical Devices Market size is expected to reach USD 19.19 billion in 2025 and grow at a CAGR of 12.54% to reach USD 34.64 billion by 2030.

What is the current Refurbished Medical Devices Market size?

In 2025, the Refurbished Medical Devices Market size is expected to reach USD 19.19 billion.

Who are the key players in Refurbished Medical Devices Market?

Avante Health Solutions, GE Healthcare, Koninklijke Philips N.V., Siemens Healthcare Systems and Soma Technology are the major companies operating in the Refurbished Medical Devices Market.

Which is the fastest growing region in Refurbished Medical Devices Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Refurbished Medical Devices Market?

In 2025, the North America accounts for the largest market share in Refurbished Medical Devices Market.

What years does this Refurbished Medical Devices Market cover, and what was the market size in 2024?

In 2024, the Refurbished Medical Devices Market size was estimated at USD 16.78 billion. The report covers the Refurbished Medical Devices Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Refurbished Medical Devices Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Refurbished Medical Devices Industry Report

The refurbished medical devices market is segmented by product, covering a wide range of equipment such as medical imaging equipment, operating room and surgical equipment, patient monitors, cardiovascular and cardiology equipment, neurology equipment, endoscopy equipment, intensive care units, and other medical equipment. The market analysis spans various geographies including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

The industry report provides a comprehensive market overview, highlighting the market size and market segmentation within the refurbished medical devices sector. The market forecast offers valuable insights into the future market growth and market value, taking into account historical data and market trends. The report example includes a detailed industry analysis, which encompasses industry statistics, industry research, and industry information, providing a thorough understanding of the market dynamics.

The industry outlook and market outlook sections of the report discuss the potential market growth and market predictions, shedding light on the expected developments and challenges in the market. The market review and market data segments provide an in-depth look at the current market scenario, including market leaders and market segmentation.

Additionally, the report includes a free report PDF download, offering a summary of the industry research and industry reports. This report is an essential resource for understanding the industry size, industry sales, and industry trends, making it invaluable for research companies and stakeholders looking to gain a competitive edge in the refurbished medical devices market.

Overall, this detailed market report provides a thorough market analysis, including market forecast and market overview, ensuring that readers are well-informed about the current and future state of the refurbished medical devices industry.