Refurbished Medical Equipment Market Size, Share & Industry Analysis, By Product Type (Medical Imaging Equipment {X-ray Systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI) and Others}, Patient Monitoring Equipment, Surgical & Operating Room Equipment, Dental Equipment, Rehabilitation & Physiotherapy Equipment, and Others), By Application (Diagnostic & Screening, Therapeutics & Treatment, Surgical & Interventional Procedures, Patient Monitoring & Life Support, and Others), By End-user (Hospitals, Diagnostic Imaging Centers, and Others), and Regional Forecast, 2026-2034

The global refurbished medical equipment market size was valued at USD 14.28 billion in 2025. The market is projected to grow from USD 15.73 billion in 2026 to USD 35.74 billion by 2034, exhibiting a CAGR of 10.8% during the forecast period.

Refurbished medical equipment are devices that are cleaned, repaired, tested, and sold again with a warranty. It lets hospitals and clinics buy reliable machines at a lower price. The market growth is attributed to tight budgets, rising demand for screening & diagnostics procedures and rising patient volumes across the globe. In addition, the quality offered by refurbished equipment is also estimated to have a positive impact on the market growth. Moreover, growing partnerships and collaborations amongst companies are also probable to drive market expansion.

• For instance, in January 2021, Block Imaging, Inc. announced the acquisition of Platinum X-Ray solutions. The acquisition will help the company to consolidate its position in the refurbished X-ray systems market.

Furthermore, many key industry players, such as GE HealthCare Technologies Inc., Siemens Healthineers AG, Koninklijke Philips N.V., and Canon Medical Systems Corporation, operating in the market, are focusing on developing various innovative technologies to offer better products with improved accuracy and efficiency.

REFURBISHED MEDICAL EQUIPMENT MARKET TRENDS

Selling of Refurbished Medical Equipment by OEMs is an Emerging Trend Observed in Market

Recently the market is witnessing a significant trend including trading of refurbished medical equipment by OEMs. Original equipment manufacturers are increasingly offering refurbished medical equipment directly to healthcare providers. Moreover, hospitals also prefer purchasing refurbished systems from the original manufacturer due to its appropriate quality standards, testing procedures, and clearly defined service support. In addition, OEM-led programs also provide standardized warranties and assured availability of spare parts, which reduces purchasing risk. In addition, strategic developments by market players is also pushing this trend in global landscape.

• For instance, in April 2024, GE Healthcare announced launch of its new refurbishing unit in Bangladesh. The new unit is dedicated for A1-Sure ultrasound systems.

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MARKET DYNAMICS

MARKET DRIVERS

Emphasis on Cost Saving by Healthcare Facilities to Accelerate Market Growth

The cost required for new equipment is considerably higher. In addition, inclusion of maintenance cost leads to substantial financial requirement for healthcare facilities. Refurbished equipment lowers upfront cost and often includes testing, replacement of worn parts, and a warranty, which promotes buying decision. It also lets smaller hospitals and diagnostic centers access higher-end machines that might otherwise be unaffordable.

• For instance, according to a research published by Medical Buyer in December 2024, adoption of refurbished equipment can save cost by 30%-70% as compared to buying new equipment.

MARKET RESTRAINTS

Stigma About Quality and Functionality of Refurbished Equipment to Deter Market Growth

Stigma about quality and functionality of refurbished equipment are expected to hamper the refurbished medical equipment market growth. While refurbished equipment is tested, some hospitals concern about hidden wear, shorter remaining life, or inconsistent performance. Moreover, if documentation is weak, service history is unclear, or parts availability is uncertain, hospitals may delay purchases. In addition, regulatory expectations and internal hospital checks can add to paperwork and slow approvals.

MARKET OPPORTUNITIES

Rising Focus on Home-based or Bed-side Refurbished Medical Equipment to Offer Lucrative Market Growth Opportunities

Refurbished medical equipment is higher in demand as it can be delivered much faster than new systems. New equipment often has long manufacturing and shipping lead times, which can delay hospital expansion plans. In addition, refurbished devices are already available in inventory and can be installed quickly after basic site readiness. This helps hospitals respond faster to rising patient volumes, reduce waiting lists and replace failed equipment without long downtime.

MARKET CHALLENGES

After-sales Service and Support Consistency to Pose a Critical Challenge to Market Growth

Providing reliable after-sales service is a key challenge in the market. Hospitals expect quick repairs, spare parts availability, and trained service engineers, similar to new equipment support. However, refurbished devices may come from different models or older generations, making service planning more complex. In some regions, local service coverage may be limited, leading to longer downtime during errors. Hospitals are cautious when service response is unclear, especially for critical diagnostic equipment.

Segmentation Analysis

By Product Type

High Cost of New Imaging Equipment to Boost Medical Imaging Equipment Segmental Growth

Based on the product type, the market is divided into medical imaging equipment, patient monitoring equipment, surgical & operating room equipment, dental equipment, rehabilitation & physiotherapy equipment, and others. The medical imaging equipment segment is further divided into X-ray systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI) and others.

The medical imaging equipment segment is anticipated to account for the largest refurbished medical equipment market share during the forecast period, as its high-cost items where refurbishment creates the biggest savings. Many hospitals also need more imaging capacity for diagnostic backlogs, but buying new systems for every room is not always possible. Imaging equipment can have a long usable life when maintained well, so a professionally refurbished unit can deliver strong value.

• For instance, in April 2022, Blue Star announced its plan to open a new facility, dedicated for refurbished medical diagnostic equipment in India.

The surgical & operating room equipment segment is anticipated to rise with a CAGR of 11.6% over the forecast period.  

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By Application

Higher Volume of Diagnostic Procedures to Boost Diagnostic & Screening Segment Growth

Based on application, the market is segmented into diagnostic & screening, therapeutics & treatment, surgical & interventional procedures, patient monitoring & life support and others.

In 2025, the diagnostic & screening segment dominated the global market. The segment growth is majorly attributed to the rising volume of diagnostic procedures, growing emphasis on purchasing of diagnostic equipment, and focus on cost optimization. Screening programs also push demand for more scanners and ultrasound units, especially where budgets are limited.

• For instance, in April 2025, GE Healthcare entered into a strategic collaboration with Probo Medical for distribution of its refurbished imaging systems in the U.S.

The surgical & interventional procedures segment is anticipated to rise with a CAGR of 11.3% over the forecast period.  

By End-User

Surged Procurement Rate of Hospitals Due to High Patient Volume Accelerated Segment Growth

Based on end-user, the market is segmented into hospitals, diagnostic imaging centers, and others.

The hospital segment dominated the global market. Hospitals run many departments, allowing them to buy the widest mix of equipment from imaging to anesthesia, monitors, and lab devices. Moreover, they replace equipment due to heavy daily use, creating regular demand for cost-effective upgrades. In addition, large hospital groups can centralize procurement and negotiate better warranties, service terms and trade-in deals, which fits the refurbished model well. Furthermore, the segment is set to hold 65.0% share in 2026.

In addition, diagnostic imaging segment is projected to grow at a CAGR of 11.1% during the study period.

Refurbished Medical Equipment Market Regional Outlook

By geography, the market is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.

North America

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North America held a dominant share in 2024, valuing at USD 5.33 billion, and also maintained the leading share in 2025, with USD 5.85 billion. The market in North America is expected to increase due to higher emphasis on cost reduction, growing number of healthcare facilities, and higher procurement volumes.

U.S Refurbished Medical Equipment Market

Based on North America’s strong contribution and the U.S. dominance within the region, the U.S. market can be analytically approximated at around USD 5.50 billion in 2026, accounting for roughly 35.0% of global refurbished medical equipment sales.

Europe

Europe is projected to record a growth rate of 10.3% in the coming years, which is the second highest among all regions, and reach a valuation of USD 4.24 billion by 2026. The region is estimated to witness considerable market growth due to rising number of diagnostic facilities and investments for healthcare infrastructure consolidation.

U.K Refurbished Medical Equipment Market

The U.K. market in 2026 is estimated at around USD 0.71 billion, representing roughly 4.5% of global revenues.

Germany Refurbished Medical Equipment Market

Germany’s market is projected to reach approximately USD 0.98 billion in 2026, equivalent to around 6.2% of global sales.

Asia Pacific

Asia Pacific is estimated to reach USD 3.52 billion in 2026 and secure the position of the third-largest region in the market. Increasing number of hospitals coupled with emphasis on cost control is primarily expected to boost market growth during the forecast period.

Japan Refurbished Medical Equipment Market

The Japan market in 2026 is estimated at around USD 0.62 billion, accounting for roughly 3.9% of global refurbished medical equipment revenues.

China Refurbished Medical Equipment Market

China’s market is projected to be one of the largest worldwide, with 2026 revenues estimated at around USD 1.18 billion, representing roughly 7.5% of global sales.

India Refurbished Medical Equipment Market

The Indian market in 2026 is estimated at around USD 0.79 billion, accounting for roughly 5.0% of global revenues.

Latin America and Middle East & Africa

The Latin America and Middle East & Africa regions are expected to witness moderate growth in this market space during the forecast period. The Latin America market is set to reach a valuation of USD 1.00 billion in 2026. In the Middle East & Africa, the GCC is set to reach a value of USD 0.20 billion in 2026.

South Africa Refurbished Medical Equipment Market

The South Africa market is projected to reach around USD 0.08 billion in 2026, representing roughly 0.53% of global revenues.

COMPETITIVE LANDSCAPE

Key Industry Players

Rising Emphasis on Selling of Furbished Products and Consolidation of Distribution Channels by Key Players to Boost Market Progress

The global refurbished medical equipment market holds a semi-consolidated market structure, constituting prominent players such as GE HealthCare Technologies Inc., Siemens Healthineers AG, Koninklijke Philips N.V., and Canon Medical Systems Corporation. The significant market share of these companies is due to numerous strategic activities, including distribution collaborations and implementation of new programs.

• For instance, in May 2023, Siemens Healthineers in collaboration with CommonSpirit Health, announced its plan to acquire Block Imaging.

Other notable players in the global market include FUJIFILM Healthcare Americas Corporation, Olympus Corporation, Shenzhen Mindray Bio-medical Electronics Co., LTD., Stryker, and Medtronic. These companies are expected to prioritize new product launches and collaborations to increase their global market share during the forecast period.

LIST OF KEY REFURBISHED MEDICAL EQUIPMENT COMPANIES PROFILED

• GE HealthCare Technologies Inc. (U.S.)
• Siemens Healthineers AG (Germany)
• Koninklijke Philips N.V. (Netherlands)
• Canon Medical Systems Corporation (Japan)
• FUJIFILM Healthcare Americas Corporation (U.S.)
• Olympus Corporation (Japan)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
• Stryker (U.S.)
• Medtronic (Ireland)
• Esaote SpA (Italy)  

KEY INDUSTRY DEVELOPMENTS

• November 2025: Kanawha Medical Singapore announced the expansion of its endoscope portfolio by adding offerings of Olympus Corporation.
• November 2024: Philips announced the expansion of its Circular Economy and refurbished equipment portfolio, focusing on refurbished imaging systems for emerging markets and cost-sensitive hospitals.
• August 2024: Canon Medical Systems strengthened its refurbished CT and ultrasound offering in Latin America, targeting mid-tier hospitals upgrading from older analog systems.
• June 2024: GE Healthcare announced the extension of access to precision care tools. This new portfolio also includes refurbished medical equipment.
• August 2023: Siemens Healthineers partnered with a regional distributor in Africa to supply refurbished MRI and ultrasound systems to public hospitals as part of healthcare access programs.

REPORT COVERAGE

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Report Scope & Segmentation