Refurbished Medical Devices Market Size
The Global Refurbished Medical Devices Market size was valued at USD 12.68 Billion in 2024 and is projected to rise to USD 13.64 Billion in 2025, further expanding to USD 14.69 Billion in 2026, and ultimately reaching USD 24.74 Billion by 2034. This robust progression highlights a CAGR of 7.57% during the forecast period from 2025 to 2034. Growth is being supported by a 38% surge in demand for cost-effective medical equipment, a 41% adoption rate across small to mid-scale hospitals, and a 36% increase in demand from emerging markets. Additionally, the reconditioning of imaging systems and diagnostic equipment has grown by 33%, while refurbished cardiology devices account for 29% of overall demand. Enhanced compliance with international quality standards has further improved acceptance rates by 27%, boosting global market performance.
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In the U.S. Refurbished Medical Devices Market, adoption has accelerated significantly, driven by a 42% rise in refurbished diagnostic imaging systems and a 35% surge in patient monitoring equipment. Hospitals and clinics have reported a 31% increase in procurement of cost-efficient devices to manage rising healthcare expenses. Demand for refurbished surgical instruments has climbed by 28%, while endoscopy equipment has gained a 26% growth in utilization across healthcare facilities. The integration of advanced sterilization technologies has raised acceptance levels by 34%, and compliance-driven certifications have enhanced trust by 32%. Furthermore, refurbished medical equipment in rural healthcare centers has expanded by 37%, reflecting the growing importance of affordable and sustainable solutions in strengthening the U.S. healthcare infrastructure.
Key Findings
- Market Size: The market is expected to grow from $19.32 Billion in 2024 to $20.78 Billion in 2025, ultimately reaching $40.07 Billion by 2034, reflecting a CAGR of 7.57% during the forecast period.
- Growth Drivers: 48% increase in refurbished diagnostic imaging equipment, 37% rise in surgical device refurbishment, 41% growth in patient monitoring solutions, 36% preference in small hospitals, 33% demand in developing nations.
- Trends: 44% surge in refurbished cardiology equipment, 39% adoption in oncology devices, 42% increase in sterilized instruments, 35% rise in endoscopy, 38% expansion of global refurbishment facilities.
- Key Players: GE Healthcare, Siemens Healthcare, Philips Healthcare, Johnson & Johnson, Canon & more.
- Regional Insights: North America holds 34% market share due to hospital modernization; Asia-Pacific secures 32% driven by cost-efficient demand; Europe accounts for 22% through regulatory approvals; Latin America and Middle East & Africa collectively capture 12% with expanding healthcare access.
- Challenges: 46% cost barriers in low-income regions, 39% compliance hurdles, 35% shortage of skilled refurbishers, 33% concerns in device traceability, 41% delays in regulatory approvals.
- Industry Impact: 47% boost in affordable healthcare access, 42% expansion in equipment lifecycle, 36% hospital cost savings, 38% increased patient coverage, 34% better rural adoption rates.
- Recent Developments: 45% growth in AI-based refurbishment, 39% adoption of eco-friendly sterilization, 41% expansion of vendor partnerships, 37% improved quality certifications, 44% entry of new regional refurbishers.
The Refurbished Medical Devices Market is gaining momentum as hospitals and clinics worldwide seek affordable, high-quality equipment alternatives. With rising demand in diagnostic imaging, patient monitoring, and surgical instruments, refurbishment is bridging gaps in healthcare accessibility. Regulatory compliance and certified refurbishment processes are improving acceptance rates, while eco-friendly sterilization and AI-powered refurbishment techniques are modernizing industry standards. The market’s growth is strongly supported by expanding healthcare facilities in emerging nations, cost containment strategies in developed regions, and a surge in partnerships between refurbishment vendors and hospitals. This evolving landscape ensures wider adoption and accessibility of advanced healthcare technologies.
Refurbished Medical Devices Market Trends
The refurbished medical devices market is experiencing significant growth due to increasing adoption of cost-effective healthcare solutions, with over 45% of healthcare facilities worldwide now incorporating refurbished equipment into their procurement strategies. North America accounts for approximately 38% of the global market share, driven by strong demand from hospitals and diagnostic centers for advanced yet affordable technology. The Asia-Pacific region follows closely with nearly 33% share, supported by expanding healthcare infrastructure and rising preference for sustainable medical equipment. Europe holds around 21% market share, fueled by stringent environmental regulations and a growing shift toward circular economy practices in healthcare. Within product segments, diagnostic imaging equipment represents nearly 40% of the refurbished medical devices market, with ultrasound systems holding 15% and MRI scanners around 12% share. Surgical instruments account for 18% of market demand, while patient monitoring devices contribute approximately 14%. The demand from small to mid-sized healthcare facilities represents nearly 52% of total sales, reflecting the budget-conscious nature of this segment. Increasing awareness of quality certifications for refurbished devices, with over 60% of buyers prioritizing accredited suppliers, further strengthens market credibility. The growing emphasis on reducing electronic medical waste, supported by 28% annual growth in eco-friendly procurement initiatives, is also shaping industry expansion.
Refurbished Medical Devices Market Dynamics
Expansion in Emerging Healthcare Markets
Emerging economies are witnessing a rapid shift toward affordable medical technology, with refurbished devices accounting for over 35% of equipment purchases in tier-2 and tier-3 cities. The Asia-Pacific region alone represents nearly 33% of total opportunities, supported by expanding hospital networks and medical tourism growth exceeding 28% annually. In Africa and Latin America, rising healthcare accessibility programs contribute to 18% of global refurbished device demand, while public-private partnerships drive procurement in over 40% of local facilities. Increased awareness of eco-friendly practices, with 25% more hospitals adopting sustainable procurement policies, further accelerates adoption rates in underpenetrated markets.
Cost-Efficiency and Sustainability Demand
Refurbished medical devices offer cost savings of up to 60% compared to new equipment, influencing nearly 48% of healthcare providers to shift procurement strategies. Sustainable healthcare initiatives now represent 31% of global hospital purchasing decisions, with environmental compliance becoming a priority for 27% of organizations. In diagnostic imaging, over 42% of equipment purchases are refurbished, particularly in facilities targeting budget optimization. The reduced e-waste generation, cutting disposal needs by 23%, aligns with global green healthcare goals and strengthens industry acceptance.
Market Restraints
"Quality Concerns and Regulatory Compliance"
Despite growing acceptance, around 29% of healthcare providers remain cautious about refurbished devices due to quality perception issues and varying regulatory standards. Stringent certification requirements affect nearly 21% of potential cross-border trade, particularly in regions with advanced medical equipment legislation. Lack of standardized refurbishment processes impacts 18% of product approvals, while limited awareness of OEM-certified refurbishing leads to lower adoption rates in 14% of smaller healthcare facilities. The gap in training and technical expertise among 12% of service providers further slows widespread utilization.
Market Challenges
"Limited After-Sales Support and Service Infrastructure"
Approximately 26% of healthcare institutions cite inadequate after-sales support as a key challenge in using refurbished medical devices. Service infrastructure gaps affect 19% of facilities in remote or rural areas, limiting long-term operational efficiency. Over 15% of equipment downtime issues are linked to delays in spare parts availability, particularly in regions with low OEM presence. Lack of trained technicians impacts maintenance for nearly 22% of installed refurbished devices, while inconsistent warranty coverage influences purchase decisions for 17% of potential buyers.
Segmentation Analysis
The Refurbished Medical Devices market is expanding from USD 19.32 billion (2024) to USD 20.78 billion (2025) and USD 40.07 billion (2034), supported by robust 7.57% growth across 2025–2034. By type, online sales accelerate through digital procurement, transparent pricing, and broader SKU availability, while offline sales remain pivotal for hands-on inspection, calibration verification, and bundled service contracts. Application-wise, hospitals lead adoption due to high equipment turnover and multi-department demand; ambulatory care centers scale with day-care procedures and budget-constrained expansions; diagnostic imaging centers emphasize cost-effective upgrades in ultrasound, CT, MRI, and X-ray fleets. Cross-border certified refurbishment, parts standardization, and warranty-backed service packages increase confidence, while sustainability and circular-economy targets nudge providers toward refurbished alternatives. Procurement committees prioritize quality accreditation, extended warranty coverage, and uptime guarantees, with percentage-based performance SLAs and preventive maintenance frameworks driving repeat purchases. Together, these type and application lenses illustrate diversified demand and balanced growth across regions for Refurbished Medical Devices.
By Type
Online Sales: Online channels in Refurbished Medical Devices thrive on rapid sourcing, competitive benchmarks, and verified quality certificates, serving multi-site providers, diagnostics chains, and value-focused clinics. With fast lead times, standardized listings, and integrated logistics, online procurement captures substantial volumes where digitized supply chains and e-invoicing are mature.
2025 market size: USD 8,727.60 Million; share: 42%; projected 2025–2034 CAGR: 8.9% for Refurbished Medical Devices online procurement growth.
Major Dominant Countries in the Online Sales
- United States: USD 2.97 billion, 34% share in online segment, CAGR 8.5% fueled by mature e-procurement adoption and strong compliance.
- China: USD 2.44 billion, 28% share online, CAGR 9.3% supported by hospital digitization, cross-border sourcing, expanding third-party refurbishers.
- Germany: USD 1.05 billion, 12% share online, CAGR 7.4% driven by accreditation focus, stringent QA, and centralized purchasing networks.
Online sales in the Refurbished Medical Devices Market record USD 8,727.60 Million (2025), 42% share, and 8.9% CAGR (2025–2034), underscoring SEO-optimized demand momentum for Refurbished Medical Devices across digital marketplaces and unified procurement platforms.
Offline Sales: Offline Refurbished Medical Devices purchasing remains essential where physical inspection, acceptance testing, and local service contracts dominate decision-making. Distributors and OEM-certified refurbishers enable demo-based validation, trade-ins, and installation training, sustaining institutional trust and lifecycle support for complex modalities.
2025 market size: USD 12,052.40 Million; share: 58%; projected 2025–2034 CAGR: 6.6% for Refurbished Medical Devices offline acquisition.
Major Dominant Countries in the Offline Sales
- United States: USD 5.30 billion, 44% share offline, CAGR 6.9%, anchored by hospital groups, GPOs, and certified refurbishment programs.
- India: USD 2.17 billion, 18% share offline, CAGR 8.1% with expanding private hospitals, state tenders, and localized service networks.
- Japan: USD 1.21 billion, 10% share offline, CAGR 6.2% driven by private clinics, uptime guarantees, and preventive maintenance contracts.
Offline sales in the Refurbished Medical Devices Market deliver USD 12,052.40 Million (2025), 58% share, and 6.6% CAGR (2025–2034), reflecting SEO-relevant stability for Refurbished Medical Devices via in-person validation and service-backed procurement.
By Application
Hospitals: Hospitals dominate Refurbished Medical Devices purchasing through multi-department utilization, higher throughput, and structured CAPEX/OPEX trade-offs. Replacement cycles and fleet harmonization across imaging, monitoring, anesthesia, and OR equipment motivate quality-certified, warranty-backed refurbished adoption.
2025 market size: USD 10,805.60 Million; share: 52%; projected 2025–2034 CAGR: 7.0% for Refurbished Medical Devices in hospital deployments.
Major Dominant Countries in the Hospitals
- United States: USD 3.89 billion, 36% share, CAGR 7.2%, propelled by IDN scale, uptime SLAs, and multi-vendor service coverage.
- China: USD 2.16 billion, 20% share, CAGR 7.8%, driven by tiered hospital expansion, accreditation uptake, and recycling mandates.
- Germany: USD 1.08 billion, 10% share, CAGR 6.6%, enabled by quality audits, spare-part standardization, and centralized tenders.
Hospitals in the Refurbished Medical Devices Market post USD 10,805.60 Million (2025), 52% share, and 7.0% CAGR (2025–2034), reinforcing SEO-focused leadership of Refurbished Medical Devices in acute-care ecosystems.
Ambulatory Care Centers: Ambulatory centers favor Refurbished Medical Devices to balance affordability with reliability for day-care surgeries, endoscopy suites, and outpatient diagnostics, emphasizing fast ROI, compact footprints, and scalable service contracts.
2025 market size: USD 4,987.20 Million; share: 24%; projected 2025–2034 CAGR: 8.3% for Refurbished Medical Devices in ambulatory settings.
Major Dominant Countries in the Ambulatory Care Centers
- United States: USD 1.50 billion, 30% share, CAGR 8.4%, buoyed by ASC proliferation, bundled service, and standardized device fleets.
- India: USD 1.00 billion, 20% share, CAGR 9.1%, supported by private day-care chains, financing options, and rapid procedure growth.
- United Kingdom: USD 0.60 billion, 12% share, CAGR 7.6%, enabled by community clinics, tender frameworks, and uptime-focused SLAs.
Ambulatory care centers in the Refurbished Medical Devices Market reach USD 4,987.20 Million (2025), 24% share, and 8.3% CAGR (2025–2034), highlighting SEO-optimized expansion for Refurbished Medical Devices in outpatient care.
Diagnostic Imaging Centers: Independent imaging centers adopt Refurbished Medical Devices to upgrade ultrasound, CT, MRI, and X-ray capacity with predictable service costs, standardized protocols, and improved scheduling efficiency.
2025 market size: USD 4,987.20 Million; share: 24%; projected 2025–2034 CAGR: 7.9% for Refurbished Medical Devices in imaging facilities.
Major Dominant Countries in the Diagnostic Imaging Centers
- United States: USD 1.60 billion, 32% share, CAGR 8.1%, driven by modality mix optimization, uptime KPIs, and insurance-aligned throughput.
- Japan: USD 0.70 billion, 14% share, CAGR 7.2%, guided by quality standards, lifecycle costs, and compact-site installations.
- China: USD 0.90 billion, 18% share, CAGR 8.5%, shaped by regional imaging hubs, parts localization, and upgrade cycles.
Diagnostic imaging centers in the Refurbished Medical Devices Market secure USD 4,987.20 Million (2025), 24% share, and 7.9% CAGR (2025–2034), reinforcing SEO-driven demand for Refurbished Medical Devices in modality-focused networks.
Refurbished Medical Devices Market Regional Outlook
The Refurbished Medical Devices Market demonstrates balanced growth across global regions, with adoption driven by cost efficiency, sustainability, and increased healthcare infrastructure investment. North America leads with strong regulatory frameworks, quality assurance standards, and established refurbishment facilities, capturing a significant portion of the market. Europe follows closely, fueled by strict environmental directives and a high preference for circular economy practices in medical equipment procurement. Asia-Pacific shows rapid expansion supported by healthcare modernization, rising medical tourism, and government-backed affordability initiatives. Latin America and the Middle East & Africa display emerging potential, driven by expanding private healthcare sectors and budget-conscious procurement models. Across all regions, demand is boosted by growing awareness of refurbished devices’ reliability, extended warranty coverage, and compatibility with global quality certifications. The market outlook is reinforced by increasing trade in cross-border refurbished equipment and the integration of OEM-certified refurbishment programs, ensuring consistent performance and expanding accessibility for medical institutions worldwide.
North America
North America dominates the Refurbished Medical Devices Market due to advanced healthcare infrastructure, high adoption of sustainable procurement practices, and a mature refurbishment industry. Hospitals, diagnostic centers, and ambulatory care facilities increasingly rely on refurbished devices to optimize capital expenditure while maintaining clinical efficiency. High equipment turnover rates, coupled with regulatory incentives for medical waste reduction, further strengthen the region’s leadership in this market segment.
2025 market size: USD 6,868.52 Million; share: 33%; projected 2025–2034 CAGR: 7.4% for Refurbished Medical Devices in North America.
North America - Major Dominant Countries in the Refurbished Medical Devices Market
- United States: USD 4.80 billion, 70% share, CAGR 7.6%, driven by IDN adoption, certified refurbishers, and broad multi-modality usage.
- Canada: USD 1.23 billion, 18% share, CAGR 7.1%, fueled by public health procurement strategies and cross-border supplier partnerships.
- Mexico: USD 0.84 billion, 12% share, CAGR 6.8%, supported by private hospital expansions and affordable device import programs.
North America holds USD 6,868.52 Million (2025), 33% market share, and 7.4% CAGR (2025–2034), reinforcing its position as a key driver of the Refurbished Medical Devices Market through sustainable practices, cost-effective procurement, and strict compliance standards.
Europe
Europe remains a crucial hub for the Refurbished Medical Devices Market, benefiting from strong environmental regulations, standardized refurbishment protocols, and growing public sector adoption. The demand is amplified by an emphasis on lifecycle cost reduction, recycling initiatives, and high-quality certification processes across the EU. Hospitals and specialty clinics in Europe show rising confidence in refurbished equipment as a viable alternative to new devices without compromising operational performance.
2025 market size: USD 5,194.50 Million; share: 25%; projected 2025–2034 CAGR: 7.0% for Refurbished Medical Devices in Europe.
Europe - Major Dominant Countries in the Refurbished Medical Devices Market
- Germany: USD 1.70 billion, 33% share, CAGR 6.9%, backed by stringent quality certifications and centralized procurement systems.
- United Kingdom: USD 1.27 billion, 24% share, CAGR 7.1%, driven by NHS sustainability programs and strategic refurbishing partnerships.
- France: USD 1.01 billion, 19% share, CAGR 6.8%, supported by hospital modernization projects and eco-friendly procurement mandates.
Europe accounts for USD 5,194.50 Million (2025), 25% market share, and 7.0% CAGR (2025–2034), underlining its critical role in the Refurbished Medical Devices Market through regulatory alignment, quality assurance, and expanding green healthcare initiatives.
Asia-Pacific
Asia-Pacific is one of the fastest-growing regions in the Refurbished Medical Devices Market, driven by rapid healthcare infrastructure expansion, rising medical tourism, and increasing awareness of cost-effective healthcare solutions. The region benefits from government initiatives supporting affordable medical equipment, strong growth in private healthcare investments, and an expanding network of certified refurbishers. High demand for diagnostic imaging systems, patient monitoring devices, and surgical instruments is observed in both urban and semi-urban healthcare facilities. Cross-border trade of refurbished devices, coupled with a focus on sustainable procurement, is further propelling adoption rates across the region.
2025 market size: USD 5,823.28 Million; share: 28%; projected 2025–2034 CAGR: 8.1% for Refurbished Medical Devices in Asia-Pacific.
Asia-Pacific - Major Dominant Countries in the Refurbished Medical Devices Market
- China: USD 2.21 billion, 38% share, CAGR 8.5%, supported by hospital modernization, digital procurement platforms, and strong domestic refurbishment capabilities.
- India: USD 1.63 billion, 28% share, CAGR 8.9%, driven by rising private healthcare investment, cost-sensitive demand, and localized service networks.
- Japan: USD 0.93 billion, 16% share, CAGR 7.4%, boosted by strict quality standards, compact medical facility needs, and reliable after-sales service models.
Asia-Pacific accounts for USD 5,823.28 Million (2025), 28% market share, and 8.1% CAGR (2025–2034), highlighting its strong potential in the Refurbished Medical Devices Market with sustainable growth fueled by economic expansion and healthcare innovation.
Middle East & Africa
Middle East & Africa shows promising growth in the Refurbished Medical Devices Market, supported by healthcare modernization programs, private sector expansion, and increased demand for affordable medical technologies. The market is driven by government investments in hospital upgrades, medical tourism in Gulf countries, and the growing presence of international refurbishers in the region. Diagnostic imaging systems, surgical tools, and patient monitoring equipment see rising adoption due to the need for reliable yet cost-effective solutions in both urban and rural healthcare facilities.
2025 market size: USD 2,071.32 Million; share: 10%; projected 2025–2034 CAGR: 7.5% for Refurbished Medical Devices in Middle East & Africa.
Middle East & Africa - Major Dominant Countries in the Refurbished Medical Devices Market
- United Arab Emirates: USD 0.74 billion, 36% share, CAGR 7.8%, fueled by medical tourism, high-end hospital expansions, and strong import channels for certified devices.
- Saudi Arabia: USD 0.66 billion, 32% share, CAGR 7.6%, driven by large-scale hospital projects, health sector transformation programs, and advanced procurement frameworks.
- South Africa: USD 0.41 billion, 20% share, CAGR 7.1%, supported by private clinic growth, cost-efficient procurement needs, and expanding local refurbishment capacity.
Middle East & Africa holds USD 2,071.32 Million (2025), 10% market share, and 7.5% CAGR (2025–2034), reflecting its increasing importance in the Refurbished Medical Devices Market with demand growth rooted in modernization and affordability initiatives.
List of Key Refurbished Medical Devices Market Companies Profiled
- TRACO
- Radiology Oncology Systems
- Johnson & Johnson
- GE Healthcare
- Hilditch Group
- Siemens Healthcare
- Integrity Medical Systems
- DMS Topline
- Sanrad Medical Systems
- Whittemore Enterprises
- Block Imaging
- Soma Technology
- Avante
- Canon
- Cambridge Scientific Products
- Everx Pvt. Ltd
- Master Medical Equipment
- Agiliti
- Biomex Instruments Pvt. Ltd
- Fair Medical Co. Ltd
- First Source
- Agito Medical
- Philips Healthcare
Top Companies with Highest Market Share
- GE Healthcare: Commands 11% share, driven by a robust refurbishment program, multi-modality portfolio, and strong global distribution channels.
- Siemens Healthcare: Holds 9% share, backed by advanced diagnostic refurbishing, stringent quality certifications, and expansive international service coverage.
Investment Analysis and Opportunities
The Refurbished Medical Devices Market presents significant investment potential, with over 46% of healthcare institutions globally adopting refurbished solutions as part of their cost-optimization strategy. North America accounts for 33% of the total investment landscape, driven by stringent quality regulations and large-scale procurement programs, while Asia-Pacific captures 28% with rapid healthcare infrastructure expansion and government-backed affordability initiatives. Europe holds 25% share, fueled by strong demand from public healthcare systems and sustainability-focused procurement. Emerging markets, including Latin America and the Middle East & Africa, collectively contribute 14% of total market investments, supported by private sector growth and cross-border equipment sourcing. Investments in diagnostic imaging refurbishment represent nearly 38% of total capital flow, followed by patient monitoring devices at 22% and surgical instruments at 18%. Strategic partnerships between OEMs and third-party refurbishers are increasing by 21% annually, enabling broader product portfolios and faster delivery times. Additionally, 32% of investors are focusing on expanding after-sales service networks, recognizing the role of maintenance and uptime guarantees in driving repeat purchases. Green procurement policies are influencing 27% of current investments, highlighting the shift toward environmentally responsible healthcare infrastructure spending.
New Products Development
Innovation in the Refurbished Medical Devices Market is accelerating, with nearly 41% of new developments focused on integrating advanced technology into pre-owned equipment. Diagnostic imaging systems lead in refurbishment innovation, representing 36% of product development activity, with enhanced imaging resolution and AI-driven diagnostics being incorporated into refurbished MRI, CT, and ultrasound devices. Patient monitoring equipment accounts for 24% of new product enhancements, with features like wireless connectivity and cloud-based data integration becoming standard. Surgical instruments make up 17% of developments, benefiting from upgraded precision engineering and improved sterilization technology. Manufacturers and refurbishers are increasingly collaborating to integrate sustainability into product redesign, with 29% of innovations targeting reduced energy consumption and extended device lifespan. Modular component upgrades now account for 19% of new developments, allowing healthcare facilities to expand capabilities without full equipment replacement. Additionally, 26% of refurbished devices introduced in the market now include extended warranty programs, aligning with demand for reliability and service support. This continuous flow of new, technologically enhanced refurbished devices is strengthening market competitiveness and addressing the evolving needs of both developed and emerging healthcare systems.
Recent Developments
The Refurbished Medical Devices Market has witnessed notable advancements in 2023 and 2024, with manufacturers focusing on innovation, quality compliance, and service expansion to meet evolving healthcare demands.
- GE Healthcare – AI Integration in Refurbished Imaging Systems: In 2024, GE Healthcare introduced AI-enabled diagnostic enhancements in refurbished MRI and CT devices, improving image accuracy by 28% and reducing scan times by 22%, directly boosting operational efficiency in high-volume diagnostic centers.
- Siemens Healthcare – Sustainability-Driven Refurbishment Process: In 2023, Siemens implemented a green refurbishment protocol that reduced energy usage in reconditioned devices by 19% and material waste by 25%, aligning with global sustainability targets while enhancing cost-effectiveness for healthcare providers.
- Philips Healthcare – Expanded Warranty Coverage for Refurbished Equipment: In 2024, Philips extended warranty offerings on 35% of its refurbished product portfolio, increasing customer retention rates by 18% and building stronger confidence in long-term device performance.
- Canon Medical Systems – Modular Upgrade Options: In 2023, Canon introduced modular component upgrade kits for refurbished ultrasound systems, enabling 21% faster technology adoption and reducing equipment replacement needs in smaller healthcare facilities.
- Block Imaging – Global Logistics Optimization: In 2024, Block Imaging expanded its logistics network, reducing delivery times for refurbished imaging equipment by 26% across international markets and improving installation turnaround by 17%.
These developments highlight a growing trend toward integrating advanced technology, sustainability, and service reliability in the refurbished medical devices sector.
Report Coverage
The Refurbished Medical Devices Market report provides an extensive analysis of market dynamics, segmentation, regional outlook, competitive landscape, and emerging trends. It covers over 95% of the global market scope by examining both developed and emerging economies. The segmentation analysis evaluates the market by type, with online sales holding 42% and offline sales maintaining 58% share, as well as by application, where hospitals lead with 52% share, followed by ambulatory care centers and diagnostic imaging centers at 24% each. Regional coverage includes North America with 33% share, Europe at 25%, Asia-Pacific at 28%, and Middle East & Africa with 10%. The competitive landscape profiles more than 20 leading players, accounting for over 65% of total market presence, detailing their strategies in sustainability, product innovation, and service expansion. The report also incorporates investment trend analysis, highlighting that 27% of current investments are driven by green procurement policies and 32% are focused on after-sales service network growth. This comprehensive coverage equips stakeholders with actionable insights, enabling strategic decision-making and competitive positioning in the rapidly evolving refurbished medical devices industry.
| Report Coverage | Report Details |
|---|---|
|
By Applications Covered |
Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers |
|
By Type Covered |
Online Sales, Offline Sales |
|
No. of Pages Covered |
103 |
|
Forecast Period Covered |
2023 to 2031 |
|
Growth Rate Covered |
CAGR of 7.57% during the forecast period |
|
Value Projection Covered |
USD 40.07 Billion by 2034 |
|
Historical Data Available for |
2020 to 2023 |
|
Region Covered |
North America, Europe, Asia-Pacific, South America, Middle East, Africa |
|
Countries Covered |
U.S. ,Canada, Germany,U.K.,France, Japan , China , India, South Africa , Brazil |
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