The pre-owned medical devices market has witnessed significant growth in recent years owing to advancements in refurbishment technologies. Pre-owned medical devices such as X-ray machines, CT scanners, MRI machines, ultrasound machines, and others offer a cost-effective alternative to hospitals and clinics compared to new devices. Refurbished medical devices undergo stringent quality checks and functional testing to ensure patient safety at a much lower cost. This has increased their adoption, especially in emerging markets with budget constraints.

The Global pre-owned medical devices market is estimated to be valued at US$ 7.52 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the pre-owned medical devices market are GE Healthcare, Soma Technology, Philips Healthcare, Agito Medical, Siemens Healthcare, Toshiba Medical Systems, Whittemore Enterprises.

The increasing Pre-owned Medical Devices Market Size for cost-effective medical solutions along with growing healthcare infrastructure in developing nations provide lucrative growth opportunities in the market.

Advancements in refurbishment technologies have enabled detailed cleaning, disinfection, and functional testing of pre-owned devices. This has enhanced quality control and bolstered the adoption of refurbished medical equipment.

Market Drivers

Rising healthcare costs have compelled hospitals and clinics to adopt cost-cutting measures such as the increased use of refurbished medical devices. Furthermore, the shortage of budgets in public healthcare systems of emerging nations is a major factor driving the demand for pre-owned medical equipment.

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