Refurbished Medical Devices Market Scope, Segmented By Company, Application and Region, Forecast To 2032

The Refurbished Medical Devices Market Size was valued at USD 9.9 billion in 2022 and is projected to grow from USD 11.05 Billion in 2023 to USD 22.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.6% during the forecast period (2023 - 2032).

The refurbished medical devices market continues to witness significant growth, driven by cost-effectiveness and sustainability concerns in healthcare settings. As healthcare institutions seek ways to optimize budgets without compromising patient care, refurbished devices offer a compelling solution. With advancements in refurbishment processes ensuring quality and reliability, healthcare providers increasingly turn to refurbished options for equipment ranging from imaging systems to surgical instruments. Moreover, stringent regulations and standards governing refurbishment operations bolster consumer confidence in these products. Emerging markets, coupled with rising demand for affordable healthcare solutions, further propel the refurbished medical devices market forward, promising continued expansion in the foreseeable future.

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Market Competitive Landscape:

The important companies active in the Refurbished Medical Devices Market Include.

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
Soma Technology
Hilditch Group
Master Medical Equipment
Cambridge Scientific Products
Johnson & Johnson


Market Segmentation

The global refurbished medical devices market is segmented on the basis of diagnostic and therapeutic devices.

Diagnostic devices are sub-segmented into x-ray machines, computed tomography (CT) scanners, ultrasound systems, magnetic resonance imaging (MRI) machines, electrocardiography (ECG) systems, patient monitors and others. The patient monitors segment is sub-segmented into portable patient monitoring devices and others.

The segment of therapeutic devices is sub-segmented into heart-lung machines, coagulation analyzers, infant incubators and warmers, defibrillators, infusion pumps and others.

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Regional Analysis

Based on region, the refurbished medical devices market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will spearhead the refurbished medical devices market during assessment period owing to growing awareness of refurbished devices coupled with the well-developed healthcare sector in this region. North America is followed by Europe and Asia Pacific, both of which share a similar form of market. Yet the market in the APAC region possess the highest growth rate. On the other hand, the arket in the Middle East and Africa is likely to have minimal market share during the assessment period.

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