Global Used and Refurbished Medical Equipment Market Growth (Status and Outlook) 2023-2029

Refurbished Medical Equipment is fully tested, cleaned, calibrated and upgraded with new parts and renovation of older or damaged equipment to bring it to a workable or better-looking condition and is free of defects. The remanufacturing of medical devices is a growing phenomenon within the health-care industry. The types of devices that are currently refurbished range from machines such as neonatal monitors and anesthesia vaporizers to devices used in surgery, such as forceps, endoscopes, and cytoscopes
LPI (LP Information)' newest research report, the “Used and Refurbished Medical Equipment Industry Forecast” looks at past sales and reviews total world Used and Refurbished Medical Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Used and Refurbished Medical Equipment sales for 2023 through 2029. With Used and Refurbished Medical Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Used and Refurbished Medical Equipment industry.

This Insight Report provides a comprehensive analysis of the global Used and Refurbished Medical Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Used and Refurbished Medical Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Used and Refurbished Medical Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Used and Refurbished Medical Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Used and Refurbished Medical Equipment.

The global Used and Refurbished Medical Equipment market size is projected to grow from US$ 8287.4 million in 2022 to US$ 14870 million in 2029; it is expected to grow at a CAGR of 8.7% from 2023 to 2029.

In the last several years, global market of Used and Refurbished Medical Equipment developed rapidly, with an average growth rate of 8% during 2015 to 2019. Emerging markets including India offer high growth potential for companies engaged in the development and distribution of refurbished medical devices. North America is the largest consumption place, with a consumption market share nearly 48.3% in 2019. Market competition is intense.

This report presents a comprehensive overview, market shares, and growth opportunities of Used and Refurbished Medical Equipment market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Medical Imaging Equipment
    Operating Room and Surgical Equipment
    Patient Monitors
    Cardiovascular & Cardiology Equipment
    Neurology Equipment
    Other Equipment

Segmentation by application
    Hospitals & Clinic
    Nursing Homes
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    GE Healthcare
    Philips Healthcare
    Siemens Healthineers
    Hitachi
    Canon Medical
    Block Imaging International
    Avante Medical Surgical
    Soma Technology
    Integrity Medical Systems
    Everx Pvt Ltd
    Radiology Oncology Systems

List of Tables
    Table 1. Used and Refurbished Medical Equipment Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Medical Imaging Equipment
    Table 3. Major Players of Operating Room and Surgical Equipment
    Table 4. Major Players of Patient Monitors
    Table 5. Major Players of Cardiovascular & Cardiology Equipment
    Table 6. Major Players of Neurology Equipment
    Table 7. Major Players of Other Equipment
    Table 8. Used and Refurbished Medical Equipment Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 9. Global Used and Refurbished Medical Equipment Market Size by Type (2018-2023) & ($ Millions)
    Table 10. Global Used and Refurbished Medical Equipment Market Size Market Share by Type (2018-2023)
    Table 11. Used and Refurbished Medical Equipment Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 12. Global Used and Refurbished Medical Equipment Market Size by Application (2018-2023) & ($ Millions)
    Table 13. Global Used and Refurbished Medical Equipment Market Size Market Share by Application (2018-2023)
    Table 14. Global Used and Refurbished Medical Equipment Revenue by Players (2018-2023) & ($ Millions)
    Table 15. Global Used and Refurbished Medical Equipment Revenue Market Share by Player (2018-2023)
    Table 16. Used and Refurbished Medical Equipment Key Players Head office and Products Offered
    Table 17. Used and Refurbished Medical Equipment Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 18. New Products and Potential Entrants
    Table 19. Mergers & Acquisitions, Expansion
    Table 20. Global Used and Refurbished Medical Equipment Market Size by Regions 2018-2023 & ($ Millions)
    Table 21. Global Used and Refurbished Medical Equipment Market Size Market Share by Regions (2018-2023)
    Table 22. Global Used and Refurbished Medical Equipment Revenue by Country/Region (2018-2023) & ($ millions)
    Table 23. Global Used and Refurbished Medical Equipment Revenue Market Share by Country/Region (2018-2023)
    Table 24. Americas Used and Refurbished Medical Equipment Market Size by Country (2018-2023) & ($ Millions)
    Table 25. Americas Used and Refurbished Medical Equipment Market Size Market Share by Country (2018-2023)
    Table 26. Americas Used and Refurbished Medical Equipment Market Size by Type (2018-2023) & ($ Millions)
    Table 27. Americas Used and Refurbished Medical Equipment Market Size Market Share by Type (2018-2023)
    Table 28. Americas Used and Refurbished Medical Equipment Market Size by Application (2018-2023) & ($ Millions)
    Table 29. Americas Used and Refurbished Medical Equipment Market Size Market Share by Application (2018-2023)
    Table 30. APAC Used and Refurbished Medical Equipment Market Size by Region (2018-2023) & ($ Millions)
    Table 31. APAC Used and Refurbished Medical Equipment Market Size Market Share by Region (2018-2023)
    Table 32. APAC Used and Refurbished Medical Equipment Market Size by Type (2018-2023) & ($ Millions)
    Table 33. APAC Used and Refurbished Medical Equipment Market Size Market Share by Type (2018-2023)
    Table 34. APAC Used and Refurbished Medical Equipment Market Size by Application (2018-2023) & ($ Millions)
    Table 35. APAC Used and Refurbished Medical Equipment Market Size Market Share by Application (2018-2023)
    Table 36. Europe Used and Refurbished Medical Equipment Market Size by Country (2018-2023) & ($ Millions)
    Table 37. Europe Used and Refurbished Medical Equipment Market Size Market Share by Country (2018-2023)
    Table 38. Europe Used and Refurbished Medical Equipment Market Size by Type (2018-2023) & ($ Millions)
    Table 39. Europe Used and Refurbished Medical Equipment Market Size Market Share by Type (2018-2023)
    Table 40. Europe Used and Refurbished Medical Equipment Market Size by Application (2018-2023) & ($ Millions)
    Table 41. Europe Used and Refurbished Medical Equipment Market Size Market Share by Application (2018-2023)
    Table 42. Middle East & Africa Used and Refurbished Medical Equipment Market Size by Region (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Used and Refurbished Medical Equipment Market Size Market Share by Region (2018-2023)
    Table 44. Middle East & Africa Used and Refurbished Medical Equipment Market Size by Type (2018-2023) & ($ Millions)
    Table 45. Middle East & Africa Used and Refurbished Medical Equipment Market Size Market Share by Type (2018-2023)
    Table 46. Middle East & Africa Used and Refurbished Medical Equipment Market Size by Application (2018-2023) & ($ Millions)
    Table 47. Middle East & Africa Used and Refurbished Medical Equipment Market Size Market Share by Application (2018-2023)
    Table 48. Key Market Drivers & Growth Opportunities of Used and Refurbished Medical Equipment
    Table 49. Key Market Challenges & Risks of Used and Refurbished Medical Equipment
    Table 50. Key Industry Trends of Used and Refurbished Medical Equipment
    Table 51. Global Used and Refurbished Medical Equipment Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 52. Global Used and Refurbished Medical Equipment Market Size Market Share Forecast by Regions (2024-2029)
    Table 53. Global Used and Refurbished Medical Equipment Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 54. Global Used and Refurbished Medical Equipment Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 55. GE Healthcare Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 56. GE Healthcare Used and Refurbished Medical Equipment Product Offered
    Table 57. GE Healthcare Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 58. GE Healthcare Main Business
    Table 59. GE Healthcare Latest Developments
    Table 60. Philips Healthcare Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 61. Philips Healthcare Used and Refurbished Medical Equipment Product Offered
    Table 62. Philips Healthcare Main Business
    Table 63. Philips Healthcare Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 64. Philips Healthcare Latest Developments
    Table 65. Siemens Healthineers Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 66. Siemens Healthineers Used and Refurbished Medical Equipment Product Offered
    Table 67. Siemens Healthineers Main Business
    Table 68. Siemens Healthineers Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 69. Siemens Healthineers Latest Developments
    Table 70. Hitachi Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 71. Hitachi Used and Refurbished Medical Equipment Product Offered
    Table 72. Hitachi Main Business
    Table 73. Hitachi Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 74. Hitachi Latest Developments
    Table 75. Canon Medical Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 76. Canon Medical Used and Refurbished Medical Equipment Product Offered
    Table 77. Canon Medical Main Business
    Table 78. Canon Medical Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 79. Canon Medical Latest Developments
    Table 80. Block Imaging International Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 81. Block Imaging International Used and Refurbished Medical Equipment Product Offered
    Table 82. Block Imaging International Main Business
    Table 83. Block Imaging International Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 84. Block Imaging International Latest Developments
    Table 85. Avante Medical Surgical Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 86. Avante Medical Surgical Used and Refurbished Medical Equipment Product Offered
    Table 87. Avante Medical Surgical Main Business
    Table 88. Avante Medical Surgical Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 89. Avante Medical Surgical Latest Developments
    Table 90. Soma Technology Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 91. Soma Technology Used and Refurbished Medical Equipment Product Offered
    Table 92. Soma Technology Main Business
    Table 93. Soma Technology Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 94. Soma Technology Latest Developments
    Table 95. Integrity Medical Systems Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 96. Integrity Medical Systems Used and Refurbished Medical Equipment Product Offered
    Table 97. Integrity Medical Systems Main Business
    Table 98. Integrity Medical Systems Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 99. Integrity Medical Systems Latest Developments
    Table 100. Everx Pvt Ltd Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 101. Everx Pvt Ltd Used and Refurbished Medical Equipment Product Offered
    Table 102. Everx Pvt Ltd Main Business
    Table 103. Everx Pvt Ltd Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 104. Everx Pvt Ltd Latest Developments
    Table 105. Radiology Oncology Systems Details, Company Type, Used and Refurbished Medical Equipment Area Served and Its Competitors
    Table 106. Radiology Oncology Systems Used and Refurbished Medical Equipment Product Offered
    Table 107. Radiology Oncology Systems Used and Refurbished Medical Equipment Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 108. Radiology Oncology Systems Main Business
    Table 109. Radiology Oncology Systems Latest Developments
List of Figures
    Figure 1. Used and Refurbished Medical Equipment Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Used and Refurbished Medical Equipment Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Used and Refurbished Medical Equipment Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Used and Refurbished Medical Equipment Sales Market Share by Country/Region (2022)
    Figure 8. Used and Refurbished Medical Equipment Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Used and Refurbished Medical Equipment Market Size Market Share by Type in 2022
    Figure 10. Used and Refurbished Medical Equipment in Hospitals & Clinic
    Figure 11. Global Used and Refurbished Medical Equipment Market: Hospitals & Clinic (2018-2023) & ($ Millions)
    Figure 12. Used and Refurbished Medical Equipment in Nursing Homes
    Figure 13. Global Used and Refurbished Medical Equipment Market: Nursing Homes (2018-2023) & ($ Millions)
    Figure 14. Used and Refurbished Medical Equipment in Other
    Figure 15. Global Used and Refurbished Medical Equipment Market: Other (2018-2023) & ($ Millions)
    Figure 16. Global Used and Refurbished Medical Equipment Market Size Market Share by Application in 2022
    Figure 17. Global Used and Refurbished Medical Equipment Revenue Market Share by Player in 2022
    Figure 18. Global Used and Refurbished Medical Equipment Market Size Market Share by Regions (2018-2023)
    Figure 19. Americas Used and Refurbished Medical Equipment Market Size 2018-2023 ($ Millions)
    Figure 20. APAC Used and Refurbished Medical Equipment Market Size 2018-2023 ($ Millions)
    Figure 21. Europe Used and Refurbished Medical Equipment Market Size 2018-2023 ($ Millions)
    Figure 22. Middle East & Africa Used and Refurbished Medical Equipment Market Size 2018-2023 ($ Millions)
    Figure 23. Americas Used and Refurbished Medical Equipment Value Market Share by Country in 2022
    Figure 24. United States Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 25. Canada Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 26. Mexico Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 27. Brazil Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 28. APAC Used and Refurbished Medical Equipment Market Size Market Share by Region in 2022
    Figure 29. APAC Used and Refurbished Medical Equipment Market Size Market Share by Type in 2022
    Figure 30. APAC Used and Refurbished Medical Equipment Market Size Market Share by Application in 2022
    Figure 31. China Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 32. Japan Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 33. Korea Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 34. Southeast Asia Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 35. India Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 36. Australia Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 37. Europe Used and Refurbished Medical Equipment Market Size Market Share by Country in 2022
    Figure 38. Europe Used and Refurbished Medical Equipment Market Size Market Share by Type (2018-2023)
    Figure 39. Europe Used and Refurbished Medical Equipment Market Size Market Share by Application (2018-2023)
    Figure 40. Germany Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 41. France Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 42. UK Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 43. Italy Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 44. Russia Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 45. Middle East & Africa Used and Refurbished Medical Equipment Market Size Market Share by Region (2018-2023)
    Figure 46. Middle East & Africa Used and Refurbished Medical Equipment Market Size Market Share by Type (2018-2023)
    Figure 47. Middle East & Africa Used and Refurbished Medical Equipment Market Size Market Share by Application (2018-2023)
    Figure 48. Egypt Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 49. South Africa Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 50. Israel Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 51. Turkey Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 52. GCC Country Used and Refurbished Medical Equipment Market Size Growth 2018-2023 ($ Millions)
    Figure 53. Americas Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 54. APAC Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 55. Europe Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 56. Middle East & Africa Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 57. United States Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 58. Canada Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 59. Mexico Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 60. Brazil Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 61. China Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 62. Japan Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 63. Korea Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 64. Southeast Asia Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 65. India Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 66. Australia Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 67. Germany Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 68. France Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 69. UK Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 70. Italy Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 71. Russia Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 72. Spain Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 73. Egypt Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 74. South Africa Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 75. Israel Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 76. Turkey Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 77. GCC Countries Used and Refurbished Medical Equipment Market Size 2024-2029 ($ Millions)
    Figure 78. Global Used and Refurbished Medical Equipment Market Size Market Share Forecast by Type (2024-2029)
    Figure 79. Global Used and Refurbished Medical Equipment Market Size Market Share Forecast by Application (2024-2029)

GE Healthcare
Philips Healthcare
Siemens Healthineers
Hitachi
Canon Medical
Block Imaging International
Avante Medical Surgical
Soma Technology
Integrity Medical Systems
Everx Pvt Ltd
Radiology Oncology Systems

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape