Medical Equipment

Refurbished Medical Equipment Market Growth Forecast With Analysis Of Industry Progress Through 2030

May 15, 2026 by Marketing Posting

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What Is The Expected Market Size Of The Refurbished Medical Equipment Market In 2026 And How Much Will It Reach By 2030?

The market size for refurbished medical equipment has expanded quickly in recent years. This market is projected to expand from $18.05 billion in 2025 to $20.96 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 16.1%. Historically, this growth has been driven by several factors, including increasing healthcare cost pressures, constrained capital budgets within hospitals, the presence of standardized refurbishment methods, the broadening of diagnostic infrastructure, and a growing acceptance of refurbished equipment.

The refurbished medical equipment market is anticipated to experience substantial expansion in the coming years, with its size projected to reach $37.1 billion by 2030, achieving this with a compound annual growth rate (CAGR) of 15.3%. This growth during the forecast period is attributed to factors such as increased investments in sustainable healthcare solutions, a rising demand originating from emerging economies, the broadening of refurbishment certification programs, an intensifying focus on circular economy practices, and the proliferation of hospital modernization initiatives. Significant trends expected during this period include a heightened demand for cost-effective medical equipment solutions, the increasing adoption of refurbished imaging systems, a surge in the use of certified refurbished surgical equipment, the expansion of equipment reuse within emerging markets, and an amplified emphasis on quality assurance and compliance.

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What Important Drivers Are Powering The Refurbished Medical Equipment Market Growth?

The expanding inclination towards environmentally friendly goods has fueled the growth of the refurbished medical equipment market. Such products are characterized by their minimal adverse environmental impact throughout their entire life cycle, from sourcing and processing raw materials to manufacturing, packaging, transportation, usage, and ultimate disposal. This rising preference is attributed to heightened awareness of environmental sustainability and the necessity to reduce electronic waste generated by the healthcare sector. The increasing demand for eco-friendly items supports the refurbished medical equipment market by encouraging healthcare providers to adopt remanufactured devices, which extend product longevity while simultaneously lowering carbon footprints and procurement costs. For instance, in May 2024, according to PricewaterhouseCoopers, a UK-based professional services firm, approximately 85% of consumers reported experiencing the disruptive effects of climate change, and 46% indicated they were purchasing more sustainable products to lessen their environmental impact, with some consumers willing to spend 9.7% more for sustainability. Therefore, the growing preference for eco-friendly products is driving the growth of the refurbished medical equipment market.

What Segment Types Are Included In The Refurbished Medical Equipment Market Analysis?

The refurbished medical equipment market covered in this report is segmented –

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 Products

2) 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 Machines

2) 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

Which Trends Are Contributing To Changes In The Refurbished Medical Equipment Market?

Leading companies in the ultrasound systems market are concentrating on sustainability efforts, including the provision of high-quality, reconditioned ultrasound equipment, to expand the reach of advanced imaging solutions while lowering capital costs for healthcare providers. Refurbished systems offer a combination of reliability, assured quality, and economic efficiency, enabling hospitals and clinics in emerging markets to adopt contemporary imaging technologies without sacrificing performance. For example, in April 2024, GE Healthcare, a US-based medical technology and digital solutions company, launched a new refurbishing unit in Bangladesh specifically for its A1 SURE Ultrasound Systems. This initiative aims to supply high-quality, aftermarket, affordable ultrasound equipment to hospitals and diagnostic centers. The unit specializes in refurbishing pre-owned ultrasound machines, guaranteeing they adhere to GE’s strict quality standards, and provides warranty and service support equivalent to new systems. This program supports GE Healthcare’s objective to improve the affordability and accessibility of ultrasound imaging in emerging markets, concurrently fostering sustainability through the reuse of existing equipment.

Which Firms Are Competing In The Refurbished Medical Equipment Market?

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.

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Which Region Is The Dominant Market In The Refurbished Medical Equipment Market?

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.

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