The refurbished medical equipment market size has grown rapidly in recent years. It will grow from $18.05 billion in 2025 to $20.96 billion in 2026 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to rising healthcare cost pressures, limited capital budgets in hospitals, availability of standardized refurbishment processes, expansion of diagnostic infrastructure, increasing acceptance of refurbished equipment.
The refurbished medical equipment market size is expected to see rapid growth in the next few years. It will grow to $37.1 billion in 2030 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to increasing investments in sustainable healthcare solutions, rising demand from emerging economies, expansion of refurbishment certification programs, growing focus on circular economy practices, increasing hospital modernization initiatives. Major trends in the forecast period include increasing demand for cost-effective medical equipment solutions, growing adoption of refurbished imaging systems, rising use of certified refurbished surgical equipment, expansion of equipment reuse in emerging markets, enhanced focus on quality assurance and compliance.
he growing preference for eco-friendly products has contributed significantly to the expansion of the refurbished medical equipment market. Eco-friendly products are defined as those that minimize environmental impact across their entire life cycle, including raw material sourcing, manufacturing, packaging, transportation, usage, and disposal. This rising preference is largely driven by heightened awareness of environmental sustainability and the urgent need to reduce electronic waste generated by the healthcare sector. The increasing inclination toward sustainable solutions supports the adoption of refurbished medical equipment by encouraging healthcare providers to use remanufactured devices that extend product life cycles while reducing carbon emissions and overall procurement costs. For example, in May 2024, according to PricewaterhouseCoopers, approximately 85% of consumers reported experiencing disruptive effects of climate change, while 46% stated they were purchasing more sustainable products to lower their environmental impact, with some consumers indicating a willingness to spend up to 9.7% more for sustainability-focused options. As a result, the growing preference for eco-friendly products continues to drive the growth of refurbished medical equipment adoption.
Major companies operating in the ultrasound systems segment are increasingly emphasizing sustainability initiatives by offering high-quality, refurbished ultrasound equipment to improve access to advanced imaging solutions while reducing capital expenditure for healthcare providers. Refurbished systems deliver reliability, quality assurance, and cost efficiency, enabling hospitals and clinics, particularly in emerging economies, to adopt modern imaging technologies without sacrificing performance standards. For instance, in April 2024, GE Healthcare launched a new refurbishing unit in Bangladesh for its A1 SURE Ultrasound Systems to supply high-quality, affordable aftermarket ultrasound equipment to hospitals and diagnostic centers. The facility refurbishes pre-owned ultrasound machines in line with GE Healthcare’s stringent quality benchmarks and offers warranty and service support comparable to new systems. This initiative aligns with the company’s strategy to enhance affordability and accessibility of ultrasound imaging in emerging markets while advancing sustainability through equipment reuse.
In July 2023, Radon Medical Imaging, Inc., a United States-based independent service organization specializing in the sale, service, repair, and refurbishment of medical imaging equipment, acquired Tristate Biomedical Solutions, LLC for an undisclosed amount. Through this acquisition, Radon aimed to strengthen its presence in the refurbished medical equipment segment by integrating Tristate’s expertise in C-arm, X-ray, respiratory, and other imaging modalities. The transaction enables Radon to expand its service network, diversify its refurbished product offerings, and enhance its capabilities in selling and maintaining pre-owned imaging systems. Tristate Biomedical Solutions is a US-based company focused on imaging and biomedical equipment sales, service, repair, and distribution, with a strong emphasis on refurbished and used medical imaging devices.
Major companies operating in the refurbished medical equipment market are Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Canon Medical Systems Corporation, Toshiba Medical Systems Corp, First Source Inc., US Med-Equip Inc., BC Technical Inc., Soma Technology Inc., DMS Topline Medical Inc., Agito Medical AS, Avante Health Solutions, Master Medical Equipment, US Medical Systems LLC, Everx Pvt Ltd., Hilditch Group Ltd., Rosch Medical Systems Pvt Ltd., Block Imaging International Inc., Rhombus Medical Equipment LLC, Fair Medical Co Ltd., Future Health Concepts Inc., Altima Healthcare Services Inc., Jaken Medical Inc., Bluestone Diagnostics Inc., Integrity Medical Systems Inc., FlexrayMedical ApS, Radio Oncology Systems Inc.
North America was the largest region in the refurbished medical equipment market in 2025. Asia-Pacific is predicted to record the fastest growth over the forecast period. The regions covered in the refurbished medical equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the refurbished medical equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tariffs are impacting the refurbished medical equipment market by increasing costs of imported replacement parts, imaging components, electronics, and refurbishment tools used in equipment restoration. Healthcare providers in North America and Europe are most affected due to reliance on cross-border component sourcing, while Asia-Pacific faces export-related cost pressures. These tariffs are increasing refurbishment costs and resale prices. However, they are also encouraging local refurbishment centers, regional spare-part manufacturing, and domestic reuse ecosystems.
The refurbished medical equipment market research report is one of a series of new reports that provides refurbished medical equipment market statistics, including refurbished medical equipment industry global market size, regional shares, competitors with a refurbished medical equipment market share, detailed refurbished medical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the refurbished medical equipment industry. This refurbished medical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Refurbished medical equipment refers to equipment that is restored to its original condition without altering its initial specifications. Such equipment undergoes restoration and is reused multiple times.
Refurbished medical equipment encompasses various types, such as medical imaging equipment, operating room & surgical equipment, patient monitors, cardiology equipment, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, IV therapy systems, and others. These equipment types serve diagnostic and therapeutic purposes across diverse medical fields and are utilized by hospitals, ambulatory care centers, diagnostic imaging centers, and others.
The refurbished medical equipment market consists of sales of refurbished X-ray machines, ultrasound systems, MRI machines, CT scanners, nuclear imaging systems, and other medical imaging equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The refurbished medical equipment market size is expected to see rapid growth in the next few years. It will grow to $37.1 billion in 2030 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to increasing investments in sustainable healthcare solutions, rising demand from emerging economies, expansion of refurbishment certification programs, growing focus on circular economy practices, increasing hospital modernization initiatives. Major trends in the forecast period include increasing demand for cost-effective medical equipment solutions, growing adoption of refurbished imaging systems, rising use of certified refurbished surgical equipment, expansion of equipment reuse in emerging markets, enhanced focus on quality assurance and compliance.
he growing preference for eco-friendly products has contributed significantly to the expansion of the refurbished medical equipment market. Eco-friendly products are defined as those that minimize environmental impact across their entire life cycle, including raw material sourcing, manufacturing, packaging, transportation, usage, and disposal. This rising preference is largely driven by heightened awareness of environmental sustainability and the urgent need to reduce electronic waste generated by the healthcare sector. The increasing inclination toward sustainable solutions supports the adoption of refurbished medical equipment by encouraging healthcare providers to use remanufactured devices that extend product life cycles while reducing carbon emissions and overall procurement costs. For example, in May 2024, according to PricewaterhouseCoopers, approximately 85% of consumers reported experiencing disruptive effects of climate change, while 46% stated they were purchasing more sustainable products to lower their environmental impact, with some consumers indicating a willingness to spend up to 9.7% more for sustainability-focused options. As a result, the growing preference for eco-friendly products continues to drive the growth of refurbished medical equipment adoption.
Major companies operating in the ultrasound systems segment are increasingly emphasizing sustainability initiatives by offering high-quality, refurbished ultrasound equipment to improve access to advanced imaging solutions while reducing capital expenditure for healthcare providers. Refurbished systems deliver reliability, quality assurance, and cost efficiency, enabling hospitals and clinics, particularly in emerging economies, to adopt modern imaging technologies without sacrificing performance standards. For instance, in April 2024, GE Healthcare launched a new refurbishing unit in Bangladesh for its A1 SURE Ultrasound Systems to supply high-quality, affordable aftermarket ultrasound equipment to hospitals and diagnostic centers. The facility refurbishes pre-owned ultrasound machines in line with GE Healthcare’s stringent quality benchmarks and offers warranty and service support comparable to new systems. This initiative aligns with the company’s strategy to enhance affordability and accessibility of ultrasound imaging in emerging markets while advancing sustainability through equipment reuse.
In July 2023, Radon Medical Imaging, Inc., a United States-based independent service organization specializing in the sale, service, repair, and refurbishment of medical imaging equipment, acquired Tristate Biomedical Solutions, LLC for an undisclosed amount. Through this acquisition, Radon aimed to strengthen its presence in the refurbished medical equipment segment by integrating Tristate’s expertise in C-arm, X-ray, respiratory, and other imaging modalities. The transaction enables Radon to expand its service network, diversify its refurbished product offerings, and enhance its capabilities in selling and maintaining pre-owned imaging systems. Tristate Biomedical Solutions is a US-based company focused on imaging and biomedical equipment sales, service, repair, and distribution, with a strong emphasis on refurbished and used medical imaging devices.
Major companies operating in the refurbished medical equipment market are Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Canon Medical Systems Corporation, Toshiba Medical Systems Corp, First Source Inc., US Med-Equip Inc., BC Technical Inc., Soma Technology Inc., DMS Topline Medical Inc., Agito Medical AS, Avante Health Solutions, Master Medical Equipment, US Medical Systems LLC, Everx Pvt Ltd., Hilditch Group Ltd., Rosch Medical Systems Pvt Ltd., Block Imaging International Inc., Rhombus Medical Equipment LLC, Fair Medical Co Ltd., Future Health Concepts Inc., Altima Healthcare Services Inc., Jaken Medical Inc., Bluestone Diagnostics Inc., Integrity Medical Systems Inc., FlexrayMedical ApS, Radio Oncology Systems Inc.
North America was the largest region in the refurbished medical equipment market in 2025. Asia-Pacific is predicted to record the fastest growth over the forecast period. The regions covered in the refurbished medical equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the refurbished medical equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tariffs are impacting the refurbished medical equipment market by increasing costs of imported replacement parts, imaging components, electronics, and refurbishment tools used in equipment restoration. Healthcare providers in North America and Europe are most affected due to reliance on cross-border component sourcing, while Asia-Pacific faces export-related cost pressures. These tariffs are increasing refurbishment costs and resale prices. However, they are also encouraging local refurbishment centers, regional spare-part manufacturing, and domestic reuse ecosystems.
The refurbished medical equipment market research report is one of a series of new reports that provides refurbished medical equipment market statistics, including refurbished medical equipment industry global market size, regional shares, competitors with a refurbished medical equipment market share, detailed refurbished medical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the refurbished medical equipment industry. This refurbished medical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Refurbished medical equipment refers to equipment that is restored to its original condition without altering its initial specifications. Such equipment undergoes restoration and is reused multiple times.
Refurbished medical equipment encompasses various types, such as medical imaging equipment, operating room & surgical equipment, patient monitors, cardiology equipment, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, IV therapy systems, and others. These equipment types serve diagnostic and therapeutic purposes across diverse medical fields and are utilized by hospitals, ambulatory care centers, diagnostic imaging centers, and others.
The refurbished medical equipment market consists of sales of refurbished X-ray machines, ultrasound systems, MRI machines, CT scanners, nuclear imaging systems, and other medical imaging equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Refurbished Medical Equipment Market Characteristics
3. Refurbished Medical Equipment Market Supply Chain Analysis
4. Global Refurbished Medical Equipment Market Trends and Strategies
5. Refurbished Medical Equipment Market Analysis of End Use Industries
7. Global Refurbished Medical Equipment Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Refurbished Medical Equipment Total Addressable Market (TAM) Analysis for the Market
9. Refurbished Medical Equipment Market Segmentation
10. Refurbished Medical Equipment Market Regional and Country Analysis
11. Asia-Pacific Refurbished Medical Equipment Market
12. China Refurbished Medical Equipment Market
13. India Refurbished Medical Equipment Market
14. Japan Refurbished Medical Equipment Market
15. Australia Refurbished Medical Equipment Market
16. Indonesia Refurbished Medical Equipment Market
17. South Korea Refurbished Medical Equipment Market
18. Taiwan Refurbished Medical Equipment Market
19. South East Asia Refurbished Medical Equipment Market
20. Western Europe Refurbished Medical Equipment Market
21. UK Refurbished Medical Equipment Market
22. Germany Refurbished Medical Equipment Market
23. France Refurbished Medical Equipment Market
24. Italy Refurbished Medical Equipment Market
25. Spain Refurbished Medical Equipment Market
26. Eastern Europe Refurbished Medical Equipment Market
27. Russia Refurbished Medical Equipment Market
28. North America Refurbished Medical Equipment Market
29. USA Refurbished Medical Equipment Market
30. Canada Refurbished Medical Equipment Market
31. South America Refurbished Medical Equipment Market
32. Brazil Refurbished Medical Equipment Market
33. Middle East Refurbished Medical Equipment Market
34. Africa Refurbished Medical Equipment Market
36. Refurbished Medical Equipment Market Competitive Landscape and Company Profiles
37. Refurbished Medical Equipment Market Other Major and Innovative Companies
40. Refurbished Medical Equipment Market High Potential Countries, Segments and Strategies
41. Appendix
List of Tables
Executive Summary
Refurbished Medical Equipment Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses refurbished medical equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for refurbished medical equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The refurbished medical equipment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Product: Medical Imaging Equipment; Operating Room & Surgical Equipment; Patient Monitors; Cardiology Equipment; Urology Equipment; Neurology Equipment; Intensive Care Equipment; Endoscopy Equipment; IV Therapy Systems; Other Products2) By Application: Diagnostic; Therapeutic
3) By End User: Hospitals; Ambulatory Care Centers; Diagnostic Imaging Centers; Other End-users
Subsegments:
1) By Medical Imaging Equipment: MRI Machines; CT Scanners; Ultrasound Machines2) By Operating Room And Surgical Equipment: Surgical Tables; Surgical Lights; Anesthesia Machines
3) By Patient Monitors: Vital Signs Monitors; Multi-parameter Monitors; Telemetry Monitors
4) By Cardiology Equipment: ECG Machines; Defibrillators; Echocardiography Machines
5) By Urology Equipment: Urodynamics Equipment; Endoscopic Equipment; Lithotripters
6) By Neurology Equipment: EEG Machines; EMG Machines; Neurostimulators
7) By Intensive Care Equipment: Ventilators; Infusion Pumps; Patient Beds
8) By Endoscopy Equipment: Endoscopes; Video Endoscopy Systems; Sterilizers
9) By IV Therapy Systems: IV Pumps; IV Sets; Infusion Systems
10) By Other Products: Laboratory Equipment; Rehabilitation Equipment; Diagnostic Equipment
Companies Mentioned: Siemens Healthineers AG; Koninklijke Philips N.V.; Stryker Corporation; GE HealthCare Technologies Inc.; Canon Medical Systems Corporation; Toshiba Medical Systems Corp; First Source Inc.; US Med-Equip Inc.; BC Technical Inc.; Soma Technology Inc.; DMS Topline Medical Inc.; Agito Medical AS; Avante Health Solutions; Master Medical Equipment; US Medical Systems LLC; Everx Pvt Ltd.; Hilditch Group Ltd.; Rosch Medical Systems Pvt Ltd.; Block Imaging International Inc.; Rhombus Medical Equipment LLC; Fair Medical Co Ltd.; Future Health Concepts Inc.; Altima Healthcare Services Inc.; Jaken Medical Inc.; Bluestone Diagnostics Inc.; Integrity Medical Systems Inc.; FlexrayMedical ApS; Radio Oncology Systems Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Refurbished Medical Equipment market report include:- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Stryker Corporation
- GE HealthCare Technologies Inc.
- Canon Medical Systems Corporation
- Toshiba Medical Systems Corp
- First Source Inc.
- US Med-Equip Inc.
- BC Technical Inc.
- Soma Technology Inc.
- DMS Topline Medical Inc.
- Agito Medical AS
- Avante Health Solutions
- Master Medical Equipment
- US Medical Systems LLC
- Everx Pvt Ltd.
- Hilditch Group Ltd.
- Rosch Medical Systems Pvt Ltd.
- Block Imaging International Inc.
- Rhombus Medical Equipment LLC
- Fair Medical Co Ltd.
- Future Health Concepts Inc.
- Altima Healthcare Services Inc.
- Jaken Medical Inc.
- Bluestone Diagnostics Inc.
- Integrity Medical Systems Inc.
- FlexrayMedical ApS
- Radio Oncology Systems Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | February 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 20.96 Billion |
| Forecasted Market Value ( USD | $ 37.1 Billion |
| Compound Annual Growth Rate | 15.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
