The global refurbished medical equipment market is experiencing significant growth due to the increasing demand for cost-effective and technologically advanced devices, primarily driven by rising healthcare costs and chronic disease incidences. This market encompasses a range of products including medical imaging systems and surgical devices, and is projected to grow at a CAGR of around 3% from 2020 to 2025. Key factors contributing to this growth include the trend of medical tourism, partnerships between OEMs and refurbishment service providers, and growing environmental consciousness in healthcare.

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Global Refurbished Medical
Equipment Market Research
and Upcoming Forecast
Report
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
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3. Report Description
Report Description and Highlights
GLOBAL Refurbished Medical Equipment Market Outlook:
According to the latest report by IMARC Group, titled "Refurbished Medical Equipment Market: Global
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global refurbished
medical equipment market reached a strong growth in 2020.
Refurbished medical equipment are devices that are restored to their original safety and effectiveness.
These devices are reconditioned and repaired, and then are installed with software and hardware
updates without altering the original specifications or their intended use.
They further undergo a rigorous inspection and meticulous testing to detect worn parts that are
replaced to resume the effectiveness of the devices. The damaged and the old parts are also cleaned,
disinfected, painted and replaced to meet the OEM specifications.
As a result, these machines are available in the market at competitive prices, which have contributed to
their widespread popularity across various clinics, hospitals and healthcare institutions.
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market

4. Report Description
Report Description and Highlights
Global Refurbished Medical Equipment Market Trends :
The global market is primarily driven by the growing requirement for cost-effective, technologically
advanced medical devices.
Numerous healthcare professionals are adopting refurbished equipment as they aid them in accessing
cutting-edge medical devices at extremely low prices.
These devices can be procured from reliable providers to ensure optimal condition and durability of
the machines.
Along with this, numerous healthcare institutions are using these devices to offer affordable services to
patients without compromising on quality.
Moreover, increasing privatization in the healthcare sector acts as a major growth-inducing factor.
This is further facilitated by the growing incidences of chronic diseases, such as diabetes, cancer and
cardiovascular disorders, and the rising geriatric population, who are more susceptible to any kind of
diseases.

5. Report Description
Report Description and Highlights
The rising trend of medical tourism and the increasing number of partnerships among OEMs and third-
party refurbishment service providers are some of the other factors contributing to the market
growth.
Apart from this, increasing governmental efforts toward sustainable development, coupled with an
overall rise in environmental consciousness, is further facilitating the adoption of these equipment as
they aid in reducing the carbon footprint.
Market Summary:
Breakup by Product Type:
• Medical imaging systems
• Operating equipment
• Surgical devices
On account of these factors, the market is projected to grow at a CAGR of around 3% during the
forecast period (2020-2025).

6. Breakup by Application:
• Diagnostic imaging systems
• Minimally invasive devices
• Biotechnology instruments
Breakup by End-User:
• Hospitals and clinics
• Diagnostic centers
• Ambulatory surgical centers
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Note: We are updating our research report 2021-2026. If you want to need latest primary and
secondary data with Cost Module, Business Strategy, Distribution Channel, etc.
Report Description
Report Description and Highlights

7. Competitive Landscape with Key Player:
• Philips Electronics Nederland B.V.
• Block Imaging
• EverX Pty Ltd
• The General Electric Company
• Integrity Medical Systems Inc.
• Radiology Oncology Systems Inc.
• Rad Medical Associates
• Siemens Healthineers AG
• Soma Technology Inc.
View Full Customization Report with TOC and List of figure:
https://www.imarcgroup.com/refurbished-medical-equipment-market
Report Description
Report Description and Highlights

8. A partial List of our Clients
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world's leading corporates, governments, and
institutions
Partial List of Clients

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. Report Description
Report Description and Highlights
© 2019 IMARC All Rights Reserved
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