Global Refurbished Medical Equipment Market

Global Refurbished Medical Equipment Market Size, Trends & Analysis - Forecasts to 2026 By Product (Medical Imaging Equipment, Operating Room & Surgical Equipment, Cardiology Equipment, Patient Monitors, Urology Equipment, Neurology Equipment Intensive Care Equipment, Endoscopy Equipment, IV Therapy Systems, Others), By Application (Diagnostic, Therapeutic), By End User (Ambulatory Care Centers, Diagnostic Imaging Centers, Hospitals, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 9 2024 with the latest and most recent market numbers

Refurbished Medical Equipment Market Insights

The global refurbished medical equipment market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing demand for capital-intensive diagnostic imaging equipment along with the growing number of diagnostic centers & hospitals are some of the major factors driving the market growth during the forecast period. Moreover, growing privatization in the healthcare sector is driving the market growth. Growing demand for low-cost medical devices due to the rising awareness for chronic diseases are some of the significant factors driving the market growth during the forecast period. However, lack of skilled workforce and quality of refurbished medical equipment are some of the factors likely to hamper the market growth during the forecast period.

Refurbished Medical Equipment Market Size: By Product

Based on product, the global refurbished medical equipment market is segmented into medical imaging equipment, operating room & surgical equipment, cardiology equipment, patient monitors, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, and IV Therapy systems, among others. The medical imaging equipment segment is estimated to hold the largest market share during the forecast period. Medical imaging is the process of visualization of the body's interior for medical intervention. Rising demand for early diagnosis of disease and non-invasive diagnostic imaging is one of the significant factors driving the market growth. The patient monitors segment is expected to hold the largest market share during the forecast period due to low product cost, and technological developments, such as the development of portable devices for patient monitoring.

Refurbished Medical Equipment Market Size: By Application

Based on application, the global refurbished medical equipment market is segmented into diagnostic, and therapeutic. The diagnostic segment is expected to hold the largest market share in terms of revenue during the forecast period. The growing presence of highly developed healthcare systems, high prevalence of infectious and chronic diseases, and technological advancements are some of the factors expected to propel the demand for refurbished medical equipment. Moreover, the growing demand for minimally invasive techniques is expected to drive the growth of the market during the forecast period.

Refurbished Medical Equipment Market Size: By End User

Based on end-user, the global refurbished medical equipment market is segmented into ambulatory care centers, diagnostic imaging centers, and hospitals, among others. The hospital segment is expected to hold the largest market share in terms of revenue during the forecast period due to increasing hospitals' dependence on access to medical imaging facilities. Hospitals in major cities around the world frequently draw significant numbers of patients to undergo treatment for chronic diseases. The growing number of fatalities caused by illness and in-house hospital laboratories to perform a large number of early diagnosis are some of the factors driving the market growth.

Refurbished Medical Equipment Market Size: By Region

Based on region, the global refurbished medical equipment market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America is expected to grow at a high CAGR in the refurbished medical equipment market during the forecast period. The increasing number of cancer patients in the region is expected to propel the demand for refurbished medical equipment. Moreover, the growing incidence of chronic diseases, and ease of availability of refurbished medical equipment with upgraded technology in the region is expected to grow. Asia-Pacific is expected to grow at a high CAGR during the forecast period. Rising demand from low-budget hospitals and clinics for refurbished medical equipment in the region are some of the factors driving the market growth. Growing healthcare spending in emerging countries including India, Japan, South Korea, China, and Singapore, among others coupled with innovation in the manufacturing of antiemetic drugs is propelling the market growth in the region.

Refurbished Medical Equipment Market: Share & Competitor Analysis

Some of the key players operating in the refurbished medical equipment market include: Siemens Healthineers, Koninklijke Philips N.V., Block Imaging, ABB, GE Healthcare, SOMA TECH INTL., Everx Pvt Ltd., Integrity Medical Systems, Inc., Radiology Oncology Systems, Inc., Master Medical Equipment, U.S. Med-Equip, Avante Health Solutions, Future Health Concepts, Nationwide Imaging Services, Pacific Healthcare Imaging, LLC, Venture Medical ReQuip, Inc., Hilditch Group, Fair Medical Co. Ltd., US Medical Systems, LLC., Desert Tech Medical Systems, and Hi Tech International Group, Inc., among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In January 2020, Siemens Healthineers signed a strategic agreement with Hamilton Health Sciences for 15 years for USD 270 million Canadian Dollars to enhance imaging services
In April 2019, US Med-Equip successfully acquired Medical Support Products, for USD 100 million for the national expansion, and improve patient's health

Check the Press Release on Global Refurbished Medical Equipment Market Report

Refurbished Medical Equipment Market: By Product

Introduction
1. Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
Medical Imaging Equipment
1. Medical Imaging Equipment : Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. X-ray Machines: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. Ultrasound Systems: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  3. MRI Machines: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  4. CT Scanners: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  5. Nuclear Imaging Systems: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  6. Others: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Operating Room & Surgical Equipment
1. Operating Room & Surgical Equipment: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. Anesthesia Machines: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. Operating Room Tables & Lights: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  3. Surgical Displays: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  4. Electrosurgical Units: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  5. Others: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Cardiology Equipment
1. Cardiology Equipment: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. Heart-lung Machines: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. Defibrillators: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  3. Others: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Patient Monitors
1. Patient Monitors: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Urology Equipment
1. Urology Equipment: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. Dialysis Machines: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. Lithotripsy Devices: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Neurology Equipment
1. Neurology Equipment: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. EEG Machines: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. EMG Machines: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Intensive Care Equipment
1. Intensive Care Equipment: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. Ventilators: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. Infant Incubators and Warmers: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Endoscopy Equipment
1. Endoscopy Equipment: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
IV Therapy Systems
1. IV Therapy Systems: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Others
1. Others: Refurbished Medical Equipment Market, 2020-2026 (USD Million)

Refurbished Medical Equipment Market: By Application

Introduction
1. Refurbished Medical Equipment Market, By Application Type, 2020-2026 (USD Million)
Diagnostic
1. Diagnostic: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. Cardiology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. Urology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  3. Neurology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  4. Orthopedics: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  5. Physiology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  6. Emergency Medicine: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  7. Oncology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  8. Obstetrics/Gynecology (OB/GYN): Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  9. Others: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Therapeutic
1. Therapeutic: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  1. Cardiology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  2. Urology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  3. Neurology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  4. Orthopedics: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  5. Physiology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  6. Emergency Medicine: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  7. Oncology: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  8. Obstetrics/Gynecology (OB/GYN): Refurbished Medical Equipment Market, 2020-2026 (USD Million)
  9. Others: Refurbished Medical Equipment Market, 2020-2026 (USD Million)

Refurbished Medical Equipment Market: By End User

Introduction
1. Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
Ambulatory Care Centers
1. Ambulatory Care Centers: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Diagnostic Imaging Centers
1. Diagnostic Imaging Centers: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Hospitals
1. Hospitals: Refurbished Medical Equipment Market, 2020-2026 (USD Million)
Others
1. Others: Refurbished Medical Equipment Market, 2020-2026 (USD Million)

Refurbished Medical Equipment Market: By Region

Introduction
1. Global Refurbished Medical Equipment Market, Regional Analysis, 2020-2026 (USD Million)
North America
1. North America Refurbished Medical Equipment Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Product
    1. North America Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
  2. By Application
    1. North America Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
  3. By End User
    1. North America Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
  4. By Country
    1. U.S
      1. By Product
        
        U.S. Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        U.S. Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        U.S. Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    2. Canada.
      1. By Product
        
        Canada Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        Canada Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        Canada Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    3. Mexico
      1. By Product
        
        Mexico Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        Mexico Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        Mexico Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
Europe
1. Europe Refurbished Medical Equipment Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Product
    1. Europe Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
  2. By Application
    1. Europe Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
  3. By End User
    1. Europe Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
  4. By Country
    1. Germany
      1. By Product
        
        Germany Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        Germany Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        Germany Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    2. UK
      1. By Product
        
        UK Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        UK Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        UK Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    3. France
      1. By Product
        
        France Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        France Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        France Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    4. Italy
      1. By Product
        
        Italy Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        Italy Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        Italy Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
Asia Pacific
1. Asia Pacific Refurbished Medical Equipment Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Product
    1. Asia Pacific Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
  2. By Application
    1. Asia Pacific Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
  3. By End User
    1. Asia Pacific Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
  4. By Country
    1. China
      1. By Product
        
        China Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        China Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        China Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    2. Japan
      1. By Product
        
        Japan Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        Japan Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        Japan Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    3. India
      1. By Product
        
        India Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        India Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        India Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    4. South Korea
      1. By Product
        
        South Korea Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        South Korea Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        South Korea Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    5. Rest Of Apac
      1. By Product
        
        Rest Of Apac, Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        Rest Of Apac Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        Rest Of Apac Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
Central & South America
1. Central & South America Refurbished Medical Equipment Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Product
    1. Central & South America Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
  2. By Application
    1. Central & South America Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
  3. By End User
    1. Central & South America Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
  4. By Country
    1. Brazil
      1. By Product
        
        Brazil Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
      2. By Application
        
        Brazil Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
      3. By End User
        
        Brazil Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
2. Middle East & Africa
  1. Middle East & Africa Refurbished Medical Equipment Market, Regional Analysis, 2020-2026 (USD Million)
    1. By Product
      1. Middle East & Africa Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
    2. By Application
      1. Middle East & Africa Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
    3. By End User
      1. Middle East & Africa Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
    4. By Country
      1. Saudi Arabia
        
        By Product
        
        Saudi Arabia Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
        
        By Application
        
        Saudi Arabia Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
        
        By End User
        
        Saudi Arabia Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)
      2. UAE
        
        By Product
        
        UAE Refurbished Medical Equipment Market, By Product, 2020-2026 (USD Million)
        
        By Application
        
        UAE Refurbished Medical Equipment Market, By Application, 2020-2026 (USD Million)
        
        By End User
        
        UAE Refurbished Medical Equipment Market, By End User, 2020-2026 (USD Million)

The global Refurbished Medical Equipment Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Refurbished Medical Equipment Market.

Refurbished Medical Equipment Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Refurbished Medical Equipment Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Refurbished Medical Equipment Market