Refurbished Medical Equipment Market Expected to Grow at a 9.9% CAGR by 2032 - Persistence Market Research

Overview of the Refurbished Medical Equipment Market

The global refurbished medical equipment market is experiencing robust expansion, driven by rising healthcare costs, sustainability goals, and the urgent need for cost-effective medical solutions across developing and developed nations alike. According to Persistence Market Research, the market is projected to grow from US$ 16.7 billion in 2025 to US$ 32.4 billion by 2032, registering a CAGR of 9.9% over the forecast period. This remarkable growth trajectory highlights the increasing reliance on refurbished medical devices as a reliable alternative to new, high-cost equipment.

North America leads the refurbished medical equipment market, holding a projected share of 38.1% by 2025, due to its advanced healthcare infrastructure, regulatory oversight by agencies like the FDA, and a well-established network of refurbishing companies. By product type, imaging equipment, particularly X-ray and CT scanners, holds the largest market share owing to widespread usage in diagnostics and high costs associated with new models. The oncology application segment also stands out, propelled by the rising global cancer burden and the need for affordable radiotherapy systems in both private and public healthcare facilities.

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Key Highlights from the Report

• Refurbished medical equipment costs 20-50% less than new devices, appealing to budget-conscious healthcare providers.
• Asia Pacific, Latin America, and Africa are seeing accelerated growth due to limited healthcare funding.
• Stringent quality and safety protocols ensure refurbished devices meet performance benchmarks.
• Refurbished devices support sustainability goals by reducing e-waste and conserving resources.
• North America dominates the market due to robust refurbishing infrastructure and regulations.
• Growth in private healthcare and medical tourism boosts demand for affordable medical technology.

Market Segmentation

The refurbished medical equipment market is segmented based on product type, including imaging equipment (X-ray, CT, MRI), surgical instruments, patient monitors, and others. Among these, imaging equipment dominates due to its high initial costs and critical role in diagnostics. Refurbished X-ray machines, in particular, are widely adopted due to their cost-effectiveness, allowing healthcare facilities to stretch budgets while delivering essential services. Regulatory authorities like India's AERB have introduced strict compliance frameworks, especially for high-radiation devices like X-rays, further ensuring the safety and utility of refurbished items.

On the basis of application and end-user, the market is segmented into oncology, cardiology, orthopedics, diagnostics, and others, serving hospitals, clinics, diagnostic centers, and ambulatory surgical centers (ASCs). The oncology segment is emerging as a growth leader, given the increasing incidence of cancer worldwide and the cost challenges associated with new radiotherapy systems. Refurbished linear accelerators and brachytherapy units offer a financially viable solution to deliver cancer treatment in developing regions without compromising on care quality.

Regional Insights

North America Refurbished Medical Equipment Market Trends

North America is a frontrunner in refurbished medical technology, fueled by high healthcare expenditure and the need to optimize spending in small to mid-sized hospitals. The FDA's regulatory oversight ensures refurbished devices meet strict safety standards. In August 2024, new FDA rules reinforced the safety and effectiveness of reprocessed medical equipment, giving hospitals the confidence to adopt these solutions.

Europe Refurbished Medical Equipment Market Trends

Europe's market is growing due to an aging population and healthcare budget constraints. As per Eurostat, over 21.3% of the EU's population is aged 65 and older, necessitating continuous medical support. Public hospitals and diagnostic labs are increasingly opting for refurbished devices, aided by EU-backed sustainable procurement policies that emphasize cost-efficiency and environmental responsibility.

Asia Pacific Refurbished Medical Equipment Market Trends

Emerging economies in Asia Pacific are embracing refurbished medical technology to bridge healthcare access gaps. Countries such as Bangladesh, Cambodia, and Nepal rely heavily on refurbished diagnostic devices like ultrasounds and patient monitors. Initiatives like the WHO's MeDevIS platform, launched in July 2024, support better decision-making around affordable and safe medical technology procurement in resource-limited areas.

Market Drivers

Growing concerns over medical e-waste and increasing emphasis on sustainable healthcare are significant drivers of the refurbished medical equipment market. As per WHO, only 22.3% of the estimated 62 million tons of global e-waste in 2022 was formally recycled. Hospitals generate considerable amounts of waste from outdated devices, prompting a shift towards refurbishment as a more eco-conscious and cost-effective solution. This aligns with findings from Practice Greenhealth, which noted that 68% of hospitals considered sustainability in procurement policies.

Market Restraints

Despite the advantages, quality assurance and reliability remain persistent concerns. In 2024, the FDA expressed apprehensions about the servicing quality of refurbished devices, particularly for reusable equipment requiring maintenance. To address this, the FDA redefined the standards for "remanufacturing" and mandated that refurbishing entities meet compliance requirements including adverse event reporting and Quality System regulations. These additional compliance steps, while essential, could slow adoption in facilities unprepared for rigorous documentation and audits.

Market Opportunities

The private healthcare sector offers tremendous growth potential, especially as hospitals and clinics seek advanced technology within limited budgets. In February 2025, Spire Healthcare in the UK invested in a refurbished CT scanner worth £1.5 million, demonstrating that high-end facilities are increasingly turning to refurbished devices. Rising medical tourism, especially in Southeast Asia and the Middle East, along with growing private investments, further elevates demand for refurbished, high-performance equipment that offers premium care at a fraction of the cost.

Reasons to Buy the Report

✔ Understand key market trends, growth drivers, and future outlook for refurbished medical devices.
✔ Identify lucrative segments and regions to optimize strategic investments.
✔ Access competitive intelligence and recent developments among major market players.
✔ Stay compliant with evolving global refurbishment regulations and procurement standards.
✔ Make informed purchasing and partnership decisions based on expert insights and data.

Company Insights

Key Players Operating in the Market:

1. GE Healthcare
2. Siemens Healthineers
3. Philips Healthcare
4. Canon Medical Systems
5. Avante Health Solutions
6. Soma Technology, Inc.
7. Block Imaging
8. Integrity Medical Systems, Inc.
9. EverX Pty Ltd
10. US Med-Equip

Recent Developments:

• In February 2025, Spire Healthcare installed a refurbished £1.5 million CT scanner to upgrade its diagnostic capabilities at a lower cost.
• In August 2024, the FDA introduced stricter remanufacturing regulations for reusable and refurbished devices, aiming to boost patient safety and compliance.

Conclusion

The refurbished medical equipment market is no longer a secondary option-it is an essential strategy in healthcare delivery, especially in regions where budget constraints and sustainability goals converge. Supported by regulatory oversight, increasing awareness of environmental impacts, and growing demand in the private sector, the market is poised for sustained growth. Industry leaders and emerging players alike have an opportunity to capitalize on this momentum by offering certified, cost-effective, and technologically advanced solutions. As highlighted by Persistence Market Research, the market's outlook from 2025 to 2032 promises both commercial viability and social value, making refurbished medical devices a cornerstone of modern, accessible healthcare.

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