Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the refurbished medical equipment market size evolved in recent years?

The market size for reconditioned medical equipment has seen a swift expansion in the past few years. The market, worth $15.66 billion in 2024, is forecasted to achieve a value of $18.18 billion in 2025, growing at a compound annual growth rate (CAGR) of 16.1%. This growth in the previous period is linked to factors like cost efficiency in the healthcare sector, increased need for low-cost healthcare, extended usage lifespan of the equipment, environmental conservation, and access to cutting-edge technology at reduced prices.

What are the predictions for the refurbished medical equipment market size in the coming years?

Get your refurbished medical equipment market report here!

https://www.thebusinessresearchcompany.com/report/refurbished-medical-equipment-global-market-report

What key factors are fueling the growth of the refurbished medical equipment market?

The refurbished medical equipment market has been propelled by the rising incidence of cancer and cardiovascular diseases. For example, in May 2024, the National Cancer Institute, an agency of the United States federal government, predicted that 2,001,140 new cancer cases would be diagnosed in the U.S., along with an expected 611,720 deaths from the disease in 2024. Back in 2022, worldwide cancer cases nearly hit 20 million, with cancer-related fatalities totalling 9.7 million. By 2040, it is anticipated that there will be 29.9 million new cancer cases globally per year, with deaths surging to 15.3 million. Therefore, the increasing occurrence of cancer and cardiovascular diseases significantly spurred the growth of the refurbished medical equipment market.

How is the global refurbished medical equipment market divided into key segments?

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

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=5151&type=smp

Who are the key firms paving the way for growth in the refurbished medical equipment market?

Major companies operating in the refurbished medical equipment market 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.

Which trends are expected to transform the refurbished medical equipment market?

Some of the prime entities operational in the market for refurbished medical equipment are Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, and GE HealthCare Technologies Inc. Other significant players include Canon Medical Systems Corporation, Toshiba Medical Systems Corp, First Source Inc., US Med-Equip Inc., BC Technical Inc., and Soma Technology Inc. DMS Topline Medical Inc., Agito Medical AS, Avante Health Solutions, Master Medical Equipment, and US Medical Systems LLC also have notable presence in this market. Moreover, Everx Pvt Ltd., Hilditch Group Ltd., Rosch Medical Systems Pvt Ltd., Block Imaging International Inc., and Rhombus Medical Equipment LLC are part of this sector as well. Fair Medical Co Ltd., Future Health Concepts Inc., Altima Healthcare Services Inc., Jaken Medical Inc., Bluestone Diagnostics Inc., Integrity Medical Systems Inc., FlexrayMedical ApS, and Radio Oncology Systems Inc., round off the list of significant players in the refurbished medical equipment industry.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5151

What regions are contributing significantly to the growth of the refurbished medical equipment market?

North America was the largest region in the refurbished medical equipment market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Power Generators Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/power-generators-global-market-report

Software Products Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/software-products-global-market-report

Electronic Design Automation Software Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/electronic-design-automation-software-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: