Refurbished Medical Equipment Market Size & Share, Growth Forecast 2036 Market Size

Refurbished Medical Equipment Market size was over USD 18.35 billion in 2023 and is anticipated to reach USD 81.95 billion by the end of 2036, witnessing around 12.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of refurbished medical equipment is assessed at USD 20.14 billion.

Growth of the market can be attributed to factors such as rising demand for low-cost electronic and diagnostic equipment, and the ample economic benefits to small-scale hospitals in using refurbished medical appliances. Furthermore, growing emphasis of the governments in many developed nations, such as the U.S.A, France, Germany and the United Kingdom to deploy sustainable operational means, is expected to create significant growth opportunities for market players. Comprehensive efforts by governmental and non-governmental organizations to make affordable healthcare available to all is also foreseen to further the expansion of this market.