Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Refurbished Medical Equipment Market size was over USD 20.59 billion in 2024 and is poised to exceed USD 91.95 billion by 2037, growing at over 12.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of refurbished medical equipment is evaluated at USD 22.73 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.
