Refurbished Medical Equipment Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Number of Low Budget Healthcare Facilities
- Growing Emphasis of Healthcare Entrepreneurs on High Returns upon Low Investment
Challenges
- Inability to Meet Appropriate Quality Standards
- Negative Perception about Refurbished Medical Equipment
Refurbished Medical Equipment Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
12.2% |
|
Base Year Market Size (2024) |
USD 20.59 billion |
|
Forecast Year Market Size (2037) |
USD 91.95 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of refurbished medical equipment is evaluated at USD 22.73 billion.
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.
North America industry is poised to account for largest revenue share by 2037, led by extensive privatization of healthcare sector, larger number of refurbishment facilities, and high investment in healthcare sector in the region.
The major players in the market are General Electric Company, Avante Health Solutions, Siemens Healthcare GmbH, EVERX, Koninklijke Philips N.V., and others.
