Refurbished Medical Equipment Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiology Equipment, Urology Equipment, Neurology Equipment, Intensive Care Equipment, Endoscopy Equipment, IV Therapy Systems, Other Medical Equipment), By Application (Diagnostic, Therapeutic), By End-User (Hospitals, Ambulatory Care Centers, Diagnostic Imaging Centers, Others) and Region Forecast 2020-2031

Refurbished Medical Equipment Market size was valued at US$ 17,623.8 million in 2024 and is expected to reach US$ 32,424.5 million by 2031, growing at a significant CAGR of 9.1% from 2025-2031. Moreover, the U.S. Refurbished Medical Equipment Market is projected to grow at 9% CAGR by 2031. The market refers to the sector focused on the remanufacturing, reconditioning, and resale of pre-owned medical devices that have been restored to meet original equipment manufacturer (OEM) standards or regulatory requirements. These medical devices undergo rigorous testing, calibration, and quality assurance to ensure optimal functionality, safety, and compliance with healthcare regulations before being resold. The market plays a crucial role in providing cost-effective medical solutions to hospitals, diagnostic centers, and clinics, particularly in developing regions and budget-constrained healthcare settings. With advancements in refurbishment technologies and growing acceptance of certified pre-owned medical devices, the market continues to expand as a sustainable alternative to new medical equipment procurement.

The demand for refurbished medical equipment is being driven by rising healthcare costs, increasing adoption of circular economy models, and efforts to reduce medical e-waste. Leading medical device manufacturers and third-party refurbishers are investing in certified refurbishment programs to ensure high-quality standards and extend the lifespan of medical devices such as MRI scanners, CT scanners, patient monitoring systems, and surgical instruments. The market is also witnessing increased support from government initiatives and healthcare providers, encouraging the use of refurbished equipment in order to enhance healthcare accessibility and affordability. As technological advancements improve the efficiency of the refurbishment process, the market is expected to grow further, bridging the gap between high-quality medical care and cost-conscious healthcare infrastructure.

Facts & Figures

• A significant development over 2023 and 2024 is the integration of technologies such as Magseed and Magtrace, which utilize magnetic properties to enhance the precision of tumor and lymph node localization during breast cancer surgeries.
• In the United States, there are 37.99 MRI units per million people. This puts the US second in the world for MRI units per million people, after Japan. 

Key Developments:

• In January 2025, the Central Drugs Standard Control Organisation (CDSCO) announced a suspension on the import of pre-owned and refurbished medical devices into India. This decision will remain in effect until a comprehensive regulatory framework is established to govern such imports. Deputy Drugs Controller (India) Aseem Sahu stated that consignments of refurbished devices currently at ports would not be released and must be returned. ?
• In October 2023, AA Medical partnered with MED-SELL.COM to redefine the landscape of pre-owned medical devices, offering a broader range of solutions to meet diverse healthcare needs.

Refurbished Medical Equipment Market Segmentation:

Based on the product type:

• Medical Imaging Equipment
• Operating Room & Surgical Equipment
• Patient Monitors, Cardiology Equipment
• Urology Equipment
• Neurology Equipment
• Intensive Care Equipment
• Endoscopy Equipment
• IV Therapy Systems
• Other Medical Equipment

Medical imaging equipment is the leading segment in the market, driven by the increasing demand for cost-effective diagnostic solutions across hospitals and diagnostic centers. The high cost of new imaging systems, such as MRI scanners, CT scanners, X-ray machines, and ultrasound devices, has led many healthcare facilities, especially in developing regions, to opt for refurbished alternatives.

These pre-owned imaging devices, once reconditioned and certified, offer similar performance levels to new equipment but at a significantly lower cost, making them an attractive option for healthcare providers with budget constraints. The growing burden of chronic diseases, such as cardiovascular disorders, cancer, and neurological conditions, has intensified the need for advanced imaging technologies to facilitate early detection and accurate diagnosis. Many refurbishment companies and original equipment manufacturers (OEMs) now offer certified pre-owned imaging systems with warranties, maintenance contracts, and software upgrades, ensuring reliability and compliance with regulatory standards.

Additionally, government initiatives promoting affordable healthcare solutions and the increasing adoption of circular economy models are further fueling the demand for refurbished medical imaging equipment. As healthcare infrastructure continues to expand, particularly in emerging markets, the preference for cost-efficient, high-quality diagnostic solutions is expected to drive sustained growth in the refurbished medical imaging equipment segment.

Based on the application:

• Diagnostic
• Therapeutic

The diagnostic segment is leading the market, primarily driven by the increasing demand for cost-effective imaging and monitoring solutions in healthcare facilities. With the rising prevalence of chronic diseases such as cardiovascular disorders, cancer, and respiratory conditions, there is a growing need for advanced diagnostic tools that enable early detection and accurate assessment of medical conditions.

However, the high cost of new diagnostic equipment, including MRI scanners, CT scanners, ultrasound machines, and X-ray systems, presents financial challenges for many hospitals and diagnostic centers, particularly in developing economies. As a result, many healthcare providers are turning to certified refurbished diagnostic devices, which offer comparable performance at a significantly lower investment. The increasing number of diagnostic imaging centers and mobile healthcare facilities is further fueling the demand for refurbished diagnostic equipment. Governments and private healthcare institutions are actively promoting affordable diagnostic solutions to improve healthcare accessibility, particularly in rural and underserved regions.

Additionally, technological advancements in refurbishment processes, such as AI-driven recalibration, software upgrades, and enhanced quality control measures, have improved the reliability and efficiency of refurbished diagnostic equipment. With healthcare providers seeking to expand their diagnostic capabilities while optimizing costs, the refurbished diagnostic equipment segment is expected to maintain its dominance in the market, ensuring continued growth in the coming years.

Based on the end-user:

• Hospitals
• Ambulatory Care Centers
• Diagnostic Imaging Centers
• Others

Hospitals are the leading end-user segment in the market, primarily driven by the increasing need for cost-effective medical devices to manage expanding patient loads. As hospitals strive to maintain high-quality healthcare services while working within budget constraints, the demand for certified pre-owned medical equipment has risen significantly. Large healthcare institutions require a wide range of imaging systems, surgical instruments, patient monitoring devices, and intensive care equipment, all of which come at a substantial cost when purchased new refurbished medical equipment offers a practical solution by providing reliable, high-performance devices at a fraction of the price, allowing hospitals to allocate resources efficiently without compromising patient care.

The rising global disease burden and aging population have further intensified the need for well-equipped hospitals, particularly in developing economies where financial limitations often restrict access to advanced medical technology. Many hospitals, especially those in public healthcare sectors and smaller private institutions, are increasingly turning to refurbished equipment to expand their service capabilities without excessive financial strain.

Additionally, government initiatives promoting cost-effective healthcare solutions and the growing presence of certified refurbishment programs from leading medical device manufacturers are enhancing the acceptance of refurbished medical equipment in hospital settings. With hospitals continuously seeking ways to optimize operational costs while improving patient care standards, this segment is expected to drive significant market growth in the coming years.