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    India Refurbished Medical Devices Market

    ID: MRFR/MED/43756-HCR
    200 Pages
    Rahul Gotadki
    September 2025

    India Refurbished Medical Devices Market Research Report By Diagnostic Devices (X-ray machines, CT Scanners, Ultrasound Systems, MRI Machines, ECG Systems, Patient Monitors) and By Therapeutic Devices (Heart-Lung Machines, Coagulation Analyzers, Infant Incubators and Warmers, Defibrillators, Infusion Pumps)-Forecast to 2035

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    Table of Contents

    India Refurbished Medical Devices Market Summary

    The India Refurbished Medical Devices market is projected to grow significantly from 493.2 USD Million in 2024 to 1346.4 USD Million by 2035.

    Key Market Trends & Highlights

    India Refurbished Medical Devices Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 9.56 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 1346.4 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 493.2 USD Million, reflecting the increasing demand for cost-effective medical solutions.
    • Growing adoption of refurbished medical devices due to rising healthcare costs is a major market driver.

    Market Size & Forecast

    2024 Market Size 493.2 (USD Million)
    2035 Market Size 1346.4 (USD Million)
    CAGR (2025-2035) 9.56%

    Major Players

    Cynosure, Johnson and Johnson, Philips Healthcare, Boston Scientific, Siemens Healthineers, Fujifilm, Stryker, Hitachi Medical Systems, Hologic, Canon Medical Systems, Zebra Medical Vision, Becton Dickinson, Medtronic, GE Healthcare

    India Refurbished Medical Devices Market Trends

    Due to a number of important market factors, the India Refurbished Medical Devices Market is expanding significantly. The growing need for reasonably priced healthcare solutions is one of the primary causes of this trend.

    Refurbished medical equipment is becoming more popular in India as a result of hospitals and clinics searching for more affordable options due to the growing expense of new equipment. Refurbished gadgets are also becoming more popular in a variety of healthcare settings as a result of government initiatives to improve accessibility and healthcare infrastructure.

    Expanding into rural and semi-urban areas, where healthcare facilities frequently suffer financial restraints, is one opportunity to investigate this sector. Refurbished medical equipment offers a practical way to provide high-quality care without breaking the bank, especially as the Indian government highlights the need to provide healthcare access for the underprivileged population.

    Recent trends also show that medical professionals are becoming more conscious of the performance and dependability of reconditioned medical equipment. Stricter quality control guidelines and certification procedures for reconditioned equipment, which guarantee safety and effectiveness, are being put in place to facilitate this change.

    Furthermore, the need for reconditioned devices that can easily interface with telemedicine and remote patient monitoring systems has grown as a result of their popularity. The refurbishment industry is anticipated to continue expanding as more healthcare facilities place a higher priority on cost-effective solutions without sacrificing quality, in line with India's larger health goals.

    India Refurbished Medical Devices Market Drivers

    Market Segment Insights

    India Refurbished Medical Devices Market Segment Insights

    India Refurbished Medical Devices Market Segment Insights

    Refurbished Medical Devices Market Diagnostic Devices Insights

    Refurbished Medical Devices Market Diagnostic Devices Insights

    The India Refurbished Medical Devices Market, particularly in the Diagnostic Devices segment, exhibits significant growth potential as healthcare facilities increasingly opt for cost-effective alternatives to new equipment.

    This segment encompasses various critical devices essential for effective medical diagnostics, such as X-Ray Machines, CT Scanners, Ultrasound Systems, MRI Machines, ECG Systems, and Patient Monitors. The demand for X-Ray Machines remains robust due to their fundamental role in conducting routine imaging procedures, making them a cornerstone in hospitals and diagnostic labs.

    Meanwhile, CT Scanners have gained traction in emergency settings, where rapid and precise diagnosis is crucial, thereby elevating their importance in patient management.

    Ultrasound Systems are widely acknowledged for their versatility in prenatal care, cardiology, and other diagnostic applications, making them a vital asset in both urban and rural healthcare settings in India, where accessibility is often an issue.

    Refurbished Medical Devices Market Therapeutic Devices Insights

    Refurbished Medical Devices Market Therapeutic Devices Insights

    The Therapeutic Devices segment of the India Refurbished Medical Devices Market is integral to enhancing patient care and improving healthcare outcomes. This segment encompasses critical devices such as Heart-Lung Machines, which play a vital role during surgeries requiring cardiopulmonary bypass, and Coagulation Analyzers, essential for monitoring blood clotting parameters.

    Infant Incubators and Warmers are crucial for the care of premature infants, ensuring they maintain the necessary body temperature and health conditions. Additionally, Defibrillators are indispensable in emergency cardiac care, enabling rapid response to life-threatening arrhythmias.

    Infusion Pumps are also significant, facilitating precise drug delivery in various medical contexts. As the demand for advanced yet cost-effective medical solutions continues to grow in India, the importance of refurbished therapeutic devices is highlighted.

    This segment is poised to benefit from increasing investments in healthcare infrastructure and the ongoing push for quality medical devices at lower costs, reflecting the broader trends in the India Refurbished Medical Devices Market revenue and segmentation.

    Get more detailed insights about India Refurbished Medical Devices Market Research Report-Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The India Refurbished Medical Devices Market has been experiencing significant growth due to the increasing demand for cost-effective healthcare solutions, advancements in technology, and the rising need for medical equipment in various healthcare settings.

    As the Indian healthcare system grapples with budget constraints and a growing population, refurbished medical devices present an attractive alternative to new equipment, facilitating access to high-quality healthcare at lower prices.

    This market is characterized by a mix of established players, smaller specialized firms, and a surge in startup companies entering the arena, creating a dynamic competitive landscape. The shift towards refurbished devices is also driven by government initiatives to promote affordable healthcare, further fueling interest in this sector.

    Cynosure has positioned itself as a key player in the India Refurbished Medical Devices Market, focusing on delivering innovative solutions that cater to various medical needs. The company's strengths lie in its strong brand reputation for quality and reliability, which has helped it establish a loyal customer base among healthcare facilities in India.

    Cynosure’s extensive range of refurbished devices, particularly in aesthetic and surgical technologies, highlights its commitment to providing accessible solutions without compromising on performance.

    The company's investment in technological advancements and partnerships with local distributors allows for enhanced service delivery and efficient supply chain management, affirming its presence in the competitive landscape of the refurbished medical devices sector in India.

    Johnson and Johnson, a global leader in healthcare, holds a significant position in the India Refurbished Medical Devices Market through its wide array of products and robust portfolio. The company offers various refurbished products, focusing on essential medical and surgical devices, ensuring they meet stringent quality standards.

    Johnson and Johnson's strengths include a well-established network across India, allowing for effective distribution and customer service, which helps it maintain competitive advantage in this sector. The company regularly participates in strategic mergers and acquisitions to expand its reach and enhance its product offerings, ensuring it stays relevant in a rapidly evolving market.

    Its commitment to innovation and the healthcare community in India ensures a continued presence and influence within the refurbished medical devices market, addressing the growing demand for reliable and cost-effective medical equipment.

    Key Companies in the India Refurbished Medical Devices Market market include

    Industry Developments

    The India Refurbished Medical Devices Market has seen significant developments recently, particularly with growing demand stemming from the need for cost-effective healthcare solutions. Companies such as GE Healthcare, Philips Healthcare, and Siemens Healthineers have been actively expanding their refurbished device markets to cater to the diverse needs of Indian healthcare facilities.

    In September 2023, Johnson & Johnson announced an initiative to enhance the accessibility of refurbished surgical devices, aiming to bridge the healthcare gap in rural areas. Additionally, Medtronic is focusing on increasing its footprint with partnerships aimed at refurbishing cardiac devices, which underscores the sector's growth potential.

    Notably, in August 2023, Hitachi Medical Systems completed the acquisition of a local firm that specializes in refurbished imaging devices, further consolidating its presence in the Indian market. This trend is fueled by recent government policies promoting sustainable healthcare practices, encouraging hospitals to consider refurbished devices as viable alternatives.

    The increasing investment in refurbishing technologies highlights the commitment of major players like Fujifilm and Stryker to innovate while accommodating budget constraints faced by healthcare providers across India.

    Market Segmentation

    Outlook

    • Heart-Lung Machines
    • Coagulation Analyzers
    • Infant Incubators and Warmers
    • Defibrillators
    • Infusion Pumps

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 442.0(USD Million)
    MARKET SIZE 2024 493.2(USD Million)
    MARKET SIZE 2035 1346.4(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 9.56% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Cynosure, Johnson and Johnson, Philips Healthcare, Boston Scientific, Siemens Healthineers, Fujifilm, Stryker, Hitachi Medical Systems, Hologic, Canon Medical Systems, Zebra Medical Vision, Becton Dickinson, Medtronic, GE Healthcare
    SEGMENTS COVERED Diagnostic Devices, Therapeutic Devices
    KEY MARKET OPPORTUNITIES Increasing demand for cost-effective equipment, Growing healthcare infrastructure investments, Rising prevalence of chronic diseases, Expanding telehealth and remote monitoring, Government initiatives promoting healthcare accessibility
    KEY MARKET DYNAMICS Growing demand for cost-effective solutions, Increasing focus on sustainable healthcare, Rise in awareness of refurbished products, Technological advancements in device restoration, Favorable government regulations and initiatives
    COUNTRIES COVERED India

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    What is the expected market size of the India Refurbished Medical Devices Market in 2024?

    In 2024, the India Refurbished Medical Devices Market is expected to be valued at 493.2 million USD.

    What is the forecasted market size for the India Refurbished Medical Devices Market by 2035?

    By 2035, the market is projected to reach a value of 1346.4 million USD.

    What is the expected CAGR for the India Refurbished Medical Devices Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 9.56% during the forecast period from 2025 to 2035.

    Which diagnostic device in the India Refurbished Medical Devices Market holds the largest market value in 2024?

    The X-Ray Machines segment is valued at 100.0 million USD in 2024, making it a dominant player in the market.

    What is the market value of CT Scanners in the India Refurbished Medical Devices Market by 2035?

    The CT Scanners segment is expected to reach a market value of 300.0 million USD by 2035.

    Who are some of the major players in the India Refurbished Medical Devices Market?

    Key players include Cynosure, Johnson and Johnson, Philips Healthcare, and Siemens Healthineers among others.

    What is the projected market value for Ultrasound Systems in 2024?

    Ultrasound Systems are expected to be valued at 90.0 million USD in 2024.

    What challenges exist for the India Refurbished Medical Devices Market upon growth from 2025 to 2035?

    Challenges may include regulatory hurdles and ensuring product quality in the refurbishing process.

    What is the expected market size for MRI Machines in the India Refurbished Medical Devices Market by 2035?

    The MRI Machines segment is projected to reach a market value of 275.0 million USD by 2035.

    What growth drivers are influencing the India Refurbished Medical Devices Market?

    Key growth drivers include rising demand for cost-effective medical solutions and technological advancements in refurbishing processes.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. India Refurbished Medical Devices Market, BY Diagnostic Devices (USD Million)
    45. X-Ray Machines
    46. CT Scanners
    47. Ultrasound Systems
    48. MRI Machines
    49. ECG Systems
    50. Patient Monitors
    51. India Refurbished Medical Devices Market, BY Therapeutic Devices (USD Million)
    52. Heart-Lung Machines
    53. Coagulation Analysers
    54. Infant Incubators and Warmers
    55. Defibrillators
    56. Infusion Pumps
    57. Competitive Landscape
    58. Overview
    59. Competitive Analysis
    60. Market share Analysis
    61. Major Growth Strategy in the Refurbished Medical Devices Market
    62. Competitive Benchmarking
    63. Leading Players in Terms of Number of Developments in the Refurbished Medical Devices Market
    64. Key developments and growth strategies
    65. New Product Launch/Service Deployment
    66. Merger & Acquisitions
    67. Joint Ventures
    68. Major Players Financial Matrix
    69. Sales and Operating Income
    70. Major Players R&D Expenditure. 2023
    71. Company Profiles
    72. Cynosure
    73. Financial Overview
    74. Products Offered
    75. Key Developments
    76. SWOT Analysis
    77. Key Strategies
    78. Johnson and Johnson
    79. Financial Overview
    80. Products Offered
    81. Key Developments
    82. SWOT Analysis
    83. Key Strategies
    84. Philips Healthcare
    85. Financial Overview
    86. Products Offered
    87. Key Developments
    88. SWOT Analysis
    89. Key Strategies
    90. Boston Scientific
    91. Financial Overview
    92. Products Offered
    93. Key Developments
    94. SWOT Analysis
    95. Key Strategies
    96. Siemens Healthineers
    97. Financial Overview
    98. Products Offered
    99. Key Developments
    100. SWOT Analysis
    101. Key Strategies
    102. Fujifilm
    103. Financial Overview
    104. Products Offered
    105. Key Developments
    106. SWOT Analysis
    107. Key Strategies
    108. Stryker
    109. Financial Overview
    110. Products Offered
    111. Key Developments
    112. SWOT Analysis
    113. Key Strategies
    114. Hitachi Medical Systems
    115. Financial Overview
    116. Products Offered
    117. Key Developments
    118. SWOT Analysis
    119. Key Strategies
    120. Hologic
    121. Financial Overview
    122. Products Offered
    123. Key Developments
    124. SWOT Analysis
    125. Key Strategies
    126. Canon Medical Systems
    127. Financial Overview
    128. Products Offered
    129. Key Developments
    130. SWOT Analysis
    131. Key Strategies
    132. Zebra Medical Vision
    133. Financial Overview
    134. Products Offered
    135. Key Developments
    136. SWOT Analysis
    137. Key Strategies
    138. Becton Dickinson
    139. Financial Overview
    140. Products Offered
    141. Key Developments
    142. SWOT Analysis
    143. Key Strategies
    144. Medtronic
    145. Financial Overview
    146. Products Offered
    147. Key Developments
    148. SWOT Analysis
    149. Key Strategies
    150. GE Healthcare
    151. Financial Overview
    152. Products Offered
    153. Key Developments
    154. SWOT Analysis
    155. Key Strategies
    156. References
    157. Related Reports
    158. India Refurbished Medical Devices Market SIZE ESTIMATES & FORECAST, BY DIAGNOSTIC DEVICES, 2019-2035 (USD Billions)
    159. India Refurbished Medical Devices Market SIZE ESTIMATES & FORECAST, BY THERAPEUTIC DEVICES, 2019-2035 (USD Billions)
    160. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    161. ACQUISITION/PARTNERSHIP
    162. MARKET SYNOPSIS
    163. INDIA REFURBISHED MEDICAL DEVICES MARKET ANALYSIS BY DIAGNOSTIC DEVICES
    164. INDIA REFURBISHED MEDICAL DEVICES MARKET ANALYSIS BY THERAPEUTIC DEVICES
    165. KEY BUYING CRITERIA OF REFURBISHED MEDICAL DEVICES MARKET
    166. RESEARCH PROCESS OF MRFR
    167. DRO ANALYSIS OF REFURBISHED MEDICAL DEVICES MARKET
    168. DRIVERS IMPACT ANALYSIS: REFURBISHED MEDICAL DEVICES MARKET
    169. RESTRAINTS IMPACT ANALYSIS: REFURBISHED MEDICAL DEVICES MARKET
    170. SUPPLY / VALUE CHAIN: REFURBISHED MEDICAL DEVICES MARKET
    171. REFURBISHED MEDICAL DEVICES MARKET, BY DIAGNOSTIC DEVICES, 2024 (% SHARE)
    172. REFURBISHED MEDICAL DEVICES MARKET, BY DIAGNOSTIC DEVICES, 2019 TO 2035 (USD Billions)
    173. REFURBISHED MEDICAL DEVICES MARKET, BY THERAPEUTIC DEVICES, 2024 (% SHARE)
    174. REFURBISHED MEDICAL DEVICES MARKET, BY THERAPEUTIC DEVICES, 2019 TO 2035 (USD Billions)
    175. BENCHMARKING OF MAJOR COMPETITORS

    India Refurbished Medical Devices Market Segmentation

    • Refurbished Medical Devices Market By Diagnostic Devices (USD Million, 2019-2035)

      • X-Ray Machines
      • CT Scanners
      • Ultrasound Systems
      • MRI Machines
      • ECG Systems
      • Patient Monitors
    • Refurbished Medical Devices Market By Therapeutic Devices (USD Million, 2019-2035)

      • Heart-Lung Machines
      • Coagulation Analysers
      • Infant Incubators and Warmers
      • Defibrillators
      • Infusion Pumps
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