Pre-owned Medical Devices Market: Developing Economies Demand, Healthcare Access & Growth Outlook

According to IMARC Group's latest research publication, global pre-owned medical devices market size reached USD 7.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.5 Billion by 2033, exhibiting a growth rate (CAGR) of 9.49% during 2025-2033.

How AI is Reshaping the Future of Pre-owned Medical Devices Market

• Predictive Maintenance and Equipment Lifecycle Management: AI algorithms analyze sensor data and historical maintenance records to forecast equipment failures before they happen, reducing unplanned downtime by up to 20% and extending device lifespan significantly for refurbished MRI machines, CT scanners, and ultrasound systems.
• Automated Quality Inspection and Certification: Machine learning systems equipped with computer vision technology inspect refurbished devices for defects, component wear, and performance variations with 96.9% accuracy, ensuring only premium-quality medical equipment reaches hospitals and clinics while streamlining the certification process.
• Real-time Performance Monitoring and Remote Diagnostics: AI-powered IoT sensors continuously track refurbished medical equipment performance parameters including temperature, vibration, and electrical signals, enabling remote diagnostics and proactive intervention that reduces maintenance costs while ensuring devices remain operational for patient care.

Unlock the Latest 2026 Data, Insights & Outlook

Pre-owned Medical Devices Industry Overview:

The pre-owned medical devices sector is experiencing unprecedented growth as healthcare providers worldwide seek cost-effective alternatives without compromising patient care quality. North America generated 40% of global revenue in 2024, driven by reimbursement pressures and Section 179 tax deductions favoring second-life equipment. Hospitals spent USD 146.9 billion on medical supplies in 2023 while facing USD 130 billion in Medicare and Medicaid underpayments, creating urgent demand for budget-friendly solutions.

Pre-owned Medical Devices Market Trends & Drivers

Healthcare budget constraints and rising equipment costs are pushing hospitals and diagnostic centers toward refurbished medical devices as practical alternatives to expensive new purchases. The average replacement age for imaging systems rose 7.1% in 2023, showing providers are extending asset lifecycles strategically. Private healthcare markets are expanding rapidly—India's private healthcare sector reached USD 116.4 billion in 2024 with strong growth ahead.

Chronic disease prevalence is driving sustained demand for diagnostic and monitoring equipment across healthcare systems globally. Cardiovascular diseases, diabetes, cancer, and respiratory conditions require advanced imaging systems, patient monitors, and diagnostic tools for effective treatment. An estimated 1.9 million new cancer cases occurred in the United States in 2022 alone, highlighting the massive patient population needing regular screening and monitoring.

Regulatory improvements and technological advancements are strengthening market confidence in refurbished medical equipment quality and safety. Refurbished devices from Siemens, Philips, and GE Healthcare meet FDA requirements and EU MDR standards, assuring buyers of compliance and reliability. Advanced refurbishment protocols now include IoT-based testing, AI-powered quality inspections, and software upgrades that enhance device performance beyond original specifications.

Leading Companies Operating in the Global Pre-owned Medical Devices Industry:

• Advanced Ultrasound Systems
• Block Imaging International Inc.
• Canon Medical Systems Corporation (Canon Inc.)
• EverX Pty Ltd
• GE HealthCare Technologies Inc (General Electric Company)
• Integrity Medical Systems Inc.
• Koninklijke Philips N.V.
• Probo Medical LLC
• Siemens Healthineers AG (Siemens AG)
• Soma Tech Intl

Pre-owned Medical Devices Market Report Segmentation:

By Type:

• X-ray
• Mammography Machines
• CT Machines
• MRI Machines
• Ultrasound Machines
• Nuclear Imaging and Medicine Devices
• C-arm Devices

CT machines represent the largest segment, as they are essential high-cost devices offering similar diagnostic capabilities when refurbished at significantly reduced prices.

By End Use:

• Hospitals
• Clinics

Hospitals have the largest market share due to their extensive equipment needs, budget pressures, and high patient volumes requiring continuous diagnostic capabilities.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America exhibits clear dominance in the pre-owned medical devices market, accounting for 40% of global revenue, driven by advanced healthcare infrastructure, reimbursement pressures, and well-established refurbishment standards.

Recent News and Developments in Pre-owned Medical Devices Market

• February 2025: GE Healthcare announced the acquisition of RenewMed Imaging, a leading provider of refurbished radiology equipment, to scale its used-market footprint and extend warranty-backed restoration services.
• January 2025: Henry Schein reported a USD 250 million strategic investment from KKR, which acquired a 12% stake in the company to support strategic growth and operational excellence in healthcare distribution and services.

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