Refurbished Medical Devices Market is anticipated to grow considerably at a CAGR of 12.3% during the forecast period. The market is being driven by an increase in the adoption of low-cost refurbished equipment, increased demand in emerging nations due to budget constraints, increasing privatization of the healthcare sector, and an increase in sales due to online marketing. With the advancement of technology, there has been a growing trend of “affordable buying,” which is the driving factor behind the growth of the refurbished device market. For instance, a consumer seeking a CT scanner under 4-slice nowadays will choose a refurbished machine over a brand-new system. The refurbished medical devices allow healthcare facilities, including small and medium-sized ones, to purchase critical items at affordable costs without sacrificing quality.
Moreover, the demand for refurbished medical devices is substantially higher in low- and middle-income nations, with poor health infrastructure and limited access to healthcare resources being two of the main factors, are driving the growth of the market. Besides, quality concerns such as safety and efficacy, as well as strict regulatory rules regarding the use of refurbished equipment, are restraining the market growth. The focus on high-quality compliance of refurbished equipment is a competitive advantage is creating an opportunity for market growth during the forecast period.
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Refurbished Medical Devices Market Segmentation
By Type
- Operating Room Equipment and Surgical Devices
- Anesthesia Machines
- Operating Tables
- Operating Lights
- Surgical Light Sources
- Surgical Microscopes
- Medical Gas Equipment
- Others
Diagnostic/Imaging
- MRI
- CT Scanners
- Ultrasound Systems
- Other (X-Ray Machines, PET/CT, C-Arm, Mammography)
- Patient Monitors
- ECG
- Fetal Monitors
- Pulse Oximeters
- Others
- Defibrillators
- Other Devices
By Application
- Cardiology
- Neurology
- Endoscopy
- Other Applications
By End-User
- Hospitals
- Private Clinics
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- 3KRF (MarkPeri International)
- Advanced Microderm, Inc.
- AGITO Medical A/S
- Biomex Instruments (P) Ltd.
- Block Imaging International Inc.
- DRE Medical Inc.
- Everx Pvt Ltd.
- First Source, Inc.
- General Electric Co.
- Integrity Medical Systems Inc.
- Koninklijke Philips N.V.
- Master Medical Equipment LLC
- Radiology Oncology Systems Inc.
- Siemens AG
- Soma Technology Inc.
- Stryker Corp.
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