info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Refurbished Medical Devices Market Research Report By Device Type (Imaging Equipment, Surgical Instruments, Patient Monitoring Devices, Therapeutic Equipment), By End User (Hospitals, Diagnostic Centers, Clinics, Research Institutions), By Product Condition (Like New, Refurbished, Used), By Application (Cardiology, Orthopedics, Neurology, General Surgery) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035


ID: MRFR/MED/0774-HCR | 80 Pages | Author: Rahul Gotadki| July 2025

Refurbished Medical Devices Market Summary

As per MRFR Analysis, the Global Refurbished Medical Devices Market was valued at 14.4 USD Billion in 2023 and is projected to grow to 23.78 USD Billion by 2035, reflecting a CAGR of 5.67% from 2025 to 2035. The market is driven by rising demand for cost-effective healthcare solutions, advancements in medical technology, and a growing emphasis on sustainability. Hospitals and clinics are increasingly opting for refurbished devices to optimize budgets without compromising quality, while the focus on reducing electronic waste aligns with global environmental goals.

Key Market Trends & Highlights

The Global Refurbished Medical Devices Market is witnessing significant growth due to various key trends.

  • Market Size in 2024: 14.98 USD Billion; projected to reach 23.78 USD Billion by 2035.
  • Imaging Equipment segment valued at 4.2 USD Billion in 2024; expected to grow to 7.23 USD Billion by 2035.
  • Hospitals represent a significant portion of the market, driven by budget constraints and the need for cost-effective solutions.
  • North America leads the market with a valuation of 4.75 USD Billion in 2024, increasing to 8.3 USD Billion by 2035.

Market Size & Forecast

2023 Market Size: USD 14.4 Billion
2024 Market Size: USD 14.98 Billion
2035 Market Size: USD 23.78 Billion
CAGR (2025-2035): 5.67%
Largest Regional Market Share in 2024: North America

Major Players

DRE Medical, AllParts Medical, Canon Medical Systems, GE Healthcare, Johnson and Johnson, Stryker, Fujifilm Medical Systems, Toshiba Medical Systems, Integrity Medical Systems, Block Imaging, Medtronic, Philips Healthcare, Olympus Corporation, Siemens Healthineers, Teratech

Key Refurbished Medical Devices Market Trends Highlighted


The Refurbished Medical Devices Market is experiencing substantial trends that are being driven by the growing demand for cost-effective healthcare solutions. Refurbished medical devices provide a viable alternative to new equipment, offering similar functionality at lower prices, as healthcare providers encounter budget constraints. The increasing emphasis on sustainability is also influencing this market, as refurbished devices promote environmentally responsible practices within the healthcare sector and contribute to waste reduction.. Furthermore, improved refurbishment processes are being enabled by technological advancements, which guarantee that these devices adhere to safety and quality standards, thereby increasing consumer confidence.

The potential for expansion in emerging markets is high, as there is a growing demand for affordable healthcare solutions. Numerous developing nations are considering the expansion of their healthcare infrastructure, and refurbished medical devices can serve as a bridge between the constraints of limited budgets and the provision of high-quality care. Furthermore, the establishment of partnerships between manufacturers and refurbishment companies could promote innovation and enhance service delivery, thereby enabling a wider variety of devices to access these markets. Hospitals and clinics are progressively incorporating refurbished devices into their procurement strategies, as evidenced by recent trends. They are recognizing the advantages of these devices in terms of functionality and cost savings.

Refurbished products are also beginning to be accepted in the market as regulatory bodies are beginning to establish more supportive environments. Healthcare providers are striving to optimize their resources while maintaining high standards of patient care, which is further fueled by the transition to value-based care. In general, the Refurbished Medical Devices Market is on the brink of expansion as a result of the ongoing pursuit of cost-effective healthcare alternatives and the evolution of these trends.


Global Refurbished Medical Devices Market Overview


Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review


Refurbished Medical Devices Market Drivers


Increasing Demand for Cost-Effective Medical Solutions


The rising focus on cost containment in healthcare is a significant driver for the Refurbished Medical Devices Market. Healthcare providers, especially in developing nations, are experiencing budget constraints that force them to look for more affordable options. According to the World Health Organization, healthcare expenditure in low and middle-income countries has been steadily increasing, but a vast majority of these nations still allocate only around 5% of their GDP to health, limiting their ability to buy new medical devices.

Research from the Global Health Council indicates that refurbished devices can be up to 50% less expensive than new ones. This pressure to cut costs is pushing many hospitals and clinics towards refurbished medical devices, enabling them to maintain their standards of care while managing their budgets effectively. Well-known organizations like the World Health Organization and the Global Health Council are advocating for the integration of refurbished devices into healthcare systems to enhance service delivery without overextending financial resources.

Thus, the demand for affordable yet reliable medical devices will continue to fuel the growth of the Refurbished Medical Devices Market.


Technological Advancements in Device Refurbishing


Technological progress has significantly enhanced the quality and reliability of refurbished medical devices. Innovations in the refurbishing process, such as improved quality control protocols and advanced testing techniques, have bolstered consumer confidence in these devices. ASRA, an organization dedicated to promoting surgical safety, notes a 25% reduction in complaint rates regarding refurbished devices over the past five years, indicating that these advancements are making refurbished devices a more attractive option for healthcare providers.

As more companies adopt these cutting-edge refurbishing technologies, the market is likely to see a surge in demand, further propelling the Refurbished Medical Devices Market.


Growing Investments in Healthcare Infrastructure


Emerging markets are witnessing substantial investments in healthcare infrastructure, creating an increased demand for medical devices. Countries such as India and Brazil are focusing on bolstering their healthcare systems, with reports from the World Bank indicating that health spending in these nations is expected to rise by 10% annually, partly driven by an increased emphasis on building healthcare facilities. This growth incentivizes healthcare providers to consider refurbished medical devices as a viable option to meet their equipment needs while staying within budget.

Major players like the International Medical Equipment Collaborative are helping facilitate these investments and promote awareness of refurbished options. Such developments underscore the growth potential of the Refurbished Medical Devices Market Industry.


Refurbished Medical Devices Market Segment Insights


Refurbished Medical Devices Market Device Type Insights  


The Refurbished Medical Devices Market showcases a robust growth trajectory, particularly notable within the Device Type segment, which consists of categories such as Imaging Equipment, Surgical Instruments, Patient Monitoring Devices, and Therapeutic Equipment. In 2024, the Imaging Equipment segment holds a valuation of 5.5 USD Billion, solidifying its status as a significant component in the market. This segment's importance stems from its role in providing advanced diagnostic capabilities, ensuring that healthcare providers can deliver accurate and timely assessments. The Surgical Instruments category follows with a valuation of 3.2 USD Billion in 2024, emphasizing its necessity in various surgical procedures and interventions, thereby making it a fundamental part of operational excellence in healthcare settings. Patient Monitoring Devices are projected to reach a value of 4.0 USD billion in the same year, reflecting their critical function in patient care, enabling real-time tracking of vital signs and overall health status. Meanwhile, the Therapeutic Equipment segment, valued at 2.28 USD billion in 2024, underscores its significance in treatment protocols across various medical conditions.


The projections for 2035 further illustrate the growth potential, with Imaging Equipment anticipated to rise to 8.7 USD Billion, Surgical Instruments to 5.05 USD Billion, Patient Monitoring Devices to 6.3 USD Billion, and Therapeutic Equipment to 3.73 USD Billion, indicating increasing demand for these refurbished devices. This growth can be attributed to the rising focus on cost-effectiveness in healthcare delivery and the increasing acceptance of refurbished devices in medical establishments as a way to maintain quality without incurring high costs. The majority holding in the Imaging Equipment segment reflects a growing trend toward high-precision imaging technologies, which are becoming integral to modern diagnostics.


Additionally, the Surgical Instruments segment's significance cannot be overstated, as surgical procedures continue to advance and become more complex, necessitating reliable and efficient instruments. The importance of Patient Monitoring Devices is growing, particularly as healthcare systems globally prioritize chronic disease management and patient-centric care, aided by technologies that ensure continuous monitoring. The Therapeutic Equipment segment continues to evolve with advancements in therapeutic technologies, making it indispensable for effective patient treatment plans. Overall, the Refurbished Medical Devices Market revenue from these device types illustrates both the current landscape and the promising future of refurbished technologies within the healthcare industry.


Refurbished Medical Devices Market Device Type Insights


Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review


Refurbished Medical Devices Market End User Insights  


The Refurbished Medical Devices Market is poised for significant growth, driven by increasing demand across various end-user categories, including hospitals, diagnostic centers, clinics, and research institutions. In 2024, the market is projected to be valued at 14.98 billion USD, reflecting the expanding need for cost-effective medical solutions. Hospitals, as major End Users, are increasingly adopting refurbished devices to manage budgets without compromising on quality, thus supporting a notable share of the market. Diagnostic centers play a crucial role by utilizing refurbished equipment for advanced diagnostic capabilities, driving efficiency, and enhancing patient care.

Clinics are also emerging as significant players, leveraging refurbished medical devices to offer essential healthcare services while controlling costs. Research institutions benefit from refurbished devices for studies and trials, ensuring that quality equipment is accessible. The Refurbished Medical Devices Market segmentation illustrates a diverse landscape where each End User contributes to growth. Overall, the rising trend of sustainable healthcare practices and budget constraints across these institutions is a key driver, allowing for innovation and improved healthcare delivery while maximizing resource efficiency.


Refurbished Medical Devices Market Product Condition Insights  


The Refurbished Medical Devices Market is a dynamic segment that revolves significantly around the Product Condition aspect, comprising categories such as Like New, Refurbished, and Used. By 2024, the market is expected to achieve a valuation of 14.98 USD billion, indicating strong interest in these reconstructed devices. The Like New category is crucial as it often represents the highest quality refurbished equipment, appealing to healthcare providers seeking premium options at lower costs. The Refurbished category typically holds a significant market share due to its balance of performance and affordability, making it a preferred choice among hospitals and clinics aiming to manage budgets while still accessing quality devices.

Meanwhile, the Used category attracts cost-conscious buyers who may prioritize budget over the latest technology, thus broadening market accessibility. This segmentation illustrates the diverse needs within the healthcare industry, capitalizing on various financial constraints and quality preferences. The Refurbished Medical Devices Market data reveals that as the demand for cost-effective solutions rises due to budget limitations and the push for advanced technologies in healthcare, the significance of each category becomes evident, reflecting trends in sustainability and economic efficiency.


Refurbished Medical Devices Market Application Insights  


The Refurbished Medical Devices Market is poised for substantial growth within the Application segment, projected to reach a valuation of 14.98 billion USD by 2024, reflecting a robust landscape for refurbished devices benefiting various medical fields. Within this segment, applications like Cardiology and Orthopedics are gaining particular attention, owing to the rising demand for cost-effective solutions without compromising on quality. Cardiology devices, crucial for heart-related diagnostics and treatments, demonstrate significant growth due to the increasing prevalence of cardiovascular diseases globally.

Similarly, the Orthopedics sector is vital, as the aging population drives demand for joint replacement and repair solutions, emphasizing the importance of refurbished orthopedic surgical devices. Neurology, addressing serious conditions like stroke and epilepsy, also plays a significant role in market expansion as healthcare facilities seek sustainable options for advanced neurological treatments. General Surgery applications underscoring minimally invasive technologies highlight the trend toward efficient surgical procedures, where refurbished devices are increasingly being integrated.

This overall emphasis on cost efficiency, sustainability, and the increasing number of procedures across these key medical domains illustrates the dynamic potential within the Refurbished Medical Devices Market, supported by favorable market growth trends and growing acceptance of refurbished technology across healthcare systems.


Refurbished Medical Devices Market Regional Insights  


The Refurbished Medical Devices Market shows significant diversity across its regional segments, driven by varying healthcare needs and economic factors. North America leads with a valuation of 5.9 USD Billion in 2024, and is projected to grow to 9.4 USD billion by 2035, demonstrating its majority holding in the market due to its well-established healthcare infrastructure and increasing adoption of cost-effective refurbished devices. Europe follows closely, with a valuation of 4.2 USD Billion in 2024, expanding to 6.6 USD Billion in 2035, reflecting its growing demand for environmentally sustainable medical practices.

Asia Pacific, valued at 3.4 USD billion in 2024 and expected to reach 5.4 USD Billion in 2035, is also witnessing rapid growth driven by an increasing population and rising healthcare expenditure. South America, with a valuation of 1.2 USD Billion in 2024, is set to grow to 1.9 USD billion by 2035, indicating a developing market that is beginning to recognize the benefits of refurbished devices. Meanwhile, the Middle East and Africa represent the smallest segment with values of 0.28 USD billion in 2024 and 0.48 USD billion by 2035, suggesting a market in its nascent stage that still holds significant potential for growth.

These regional dynamics highlight the importance and variation in the demand for refurbished medical devices across the globe, influenced by economic conditions, healthcare policies, and technological advancements.


Refurbished Medical Devices Market Regional Insights


Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review


Refurbished Medical Devices Market Key Players and Competitive Insights


The Refurbished Medical Devices Market is characterized by a dynamic and evolving landscape where various players compete to capture market share while meeting stringent regulatory standards. As healthcare institutions increasingly adopt cost-effective solutions without compromising quality, the demand for refurbished medical devices is on the rise. This market includes a diverse range of products, such as imaging equipment, surgical instruments, and patient monitoring devices, each playing a crucial role in enhancing healthcare delivery. The competitive insights reveal key trends such as the growing acceptance of refurbished devices by healthcare providers, the emphasis on sustainability, and the requirement for rigorous certification processes that ensure safety and efficacy. Companies are leveraging technological advancements and strategic partnerships to enhance their offerings and to cater to a broader segment of healthcare facilities, ranging from large hospitals to small clinics.

Hitachi has established a significant presence in the Refurbished Medical Devices Market, leveraging its reputation for high-quality imaging equipment and strong customer service. The company focuses on refurbishing its medical imaging systems, ensuring compliance with industry standards, which reinforces its commitment to patient safety and operational efficiency. Hitachi's strengths lie in its advanced technological capabilities, extensive research and development, and a strong brand reputation that instills trust among healthcare providers. Furthermore, the company's emphasis on sustainability by promoting reused technologies aligns with the growing demand for eco-friendly healthcare solutions, thereby enhancing its competitive edge in the refurbished devices market.

Stryker stands as a formidable player in the Refurbished Medical Devices Market, known for its diverse portfolio that includes surgical equipment, orthopedic devices, and patient care solutions. The company's strength is rooted in its commitment to innovation and a comprehensive understanding of market needs, making it a trusted partner in the healthcare sector. Stryker's extensive market presence is bolstered by its strategic mergers and acquisitions, which have expanded its capabilities and solidified its position among leading players in the industry. The focus on refurbishing key products, such as surgical instruments and imaging devices, allows Stryker to offer cost-effective alternatives while maintaining high standards of quality and performance. This adaptability and focus on customer-centric solutions enable Stryker to meet the evolving needs of healthcare providers globally, thereby reinforcing its status as a leader in the refurbished medical devices market.


Key Companies in the Refurbished Medical Devices Market Include:



  • Hitachi

  • Stryker

  • Fujifilm

  • Mindray

  • GE Healthcare

  • Siemens Healthineers

  • Canon Medical Systems

  • Hologic

  • Medtronic

  • Varian Medical Systems

  • Johnson & Johnson

  • Philips Healthcare

  • Olympus Corporation

  • Toshiba Medical Systems

  • ResMed


Refurbished Medical Devices Market Industry Developments


Recent developments in the Refurbished Medical Devices Market indicate a surge in demand for cost-effective medical equipment across hospitals and healthcare facilities. Companies like GE Healthcare, Siemens Healthineers, and Philips Healthcare continue to expand their refurbishing capabilities to meet this growing need while ensuring quality and compliance with health regulations.


In March 2023, Apex Medical Equipment introduced a series of refurbished surgical robots that are AI-enabled and equipped with sophisticated algorithms. This technology is designed to improve the precision of minimally invasive surgeries.

In June 2023, Global MedTech Solutions collaborated with a significant pharmaceutical organization to develop refurbished infusion pumps that are equipped with intelligent monitoring systems that dynamically adjust dosages.

Siemens Healthineers expanded its refurbished medical device portfolio in October 2023 to address the increasing demand for affordable diagnostic equipment.


Refurbished Medical Devices Market Segmentation Insights


Refurbished Medical Devices Market Device Type Outlook



  • Imaging Equipment

  • Surgical Instruments

  • Patient Monitoring Devices

  • Therapeutic Equipment


Refurbished Medical Devices Market End User Outlook



  • Hospitals

  • Diagnostic Centers

  • Clinics

  • Research Institutions


Refurbished Medical Devices Market Product Condition Outlook



  • Like New

  • Refurbished

  • Used


Refurbished Medical Devices Market Application Outlook



  • Cardiology

  • Orthopedics

  • Neurology

  • General Surgery


Refurbished Medical Devices Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa

Report Attribute/Metric Details
Market Size 2023 14.4(USD Billion)
Market Size 2024 14.98(USD Billion)
Market Size 2035 23.78(USD Billion)
Compound Annual Growth Rate (CAGR) 4.15% (2025 - 2035)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Hitachi, Stryker, Fujifilm, Mindray, GE Healthcare, Siemens Healthineers, Canon Medical Systems, Hologic, Medtronic, Varian Medical Systems, Johnson & Johnson, Philips Healthcare, Olympus Corporation, Toshiba Medical Systems, ResMed
Segments Covered Device Type, End User, Product Condition, Application, Regional
Key Market Opportunities Rising demand for cost-effective solutions, increasing adoption in emerging markets, growing investment in healthcare infrastructure, Technological advancements in refurbishment processes, and Stringent regulations for medical device safety
Key Market Dynamics Increasing cost-effectiveness, growing demand for healthcare, Technological advancements in devices, Favorable regulatory frameworks, and rising awareness of sustainability
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Refurbished Medical Devices Market is expected to be valued at 14.98 USD billion in 2024.

The market is projected to reach 23.78 USD billion by 2035.

The market is expected to grow at a CAGR of 4.15% from 2025 to 2035.

North America is expected to hold the largest market share, valued at 5.9 USD Billion in 2024.

The market value of the refurbished medical devices in Europe is anticipated to be 4.2 USD Billion in 2024.

The Imaging Equipment segment is projected to be valued at 8.7 USD billion by 2035.

Surgical Instruments are expected to be valued at 3.2 USD Billion in 2024.

Key players include Hitachi, Stryker, GE Healthcare, Siemens Healthineers, and Philips Healthcare.

Patient Monitoring Devices are projected to be valued at 6.3 USD Billion in 2035.

The Asia Pacific region is expected to grow from 3.4 USD billion in 2024 to 5.4 USD Billion in 2035.

Comments

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
report-img