The Home Medical Equipment Market Report is Segmented by Functionality (Therapeutic Equipment, and More), Therapeutic Area (Respiratory Care, Diabetes Care, and More), Connectivity (Smart Devices and Conventional Devices), Distribution Channel (Retail Medical Stores, and More), End-User (Chronic-Disease Home-Care, and More), and Geography (North America, and More). The Market Forecasts are Provided in Terms of Value (USD).

The United States Durable Equipment Market is segmented by Device Type (Personal Mobility Devices, Medical Furniture and Bathroom Safety Devices, and Monitoring and Therapeutic Devices), and End-User (Hospital/Clinics, Ambulatory Surgical Center, and Other End Users). The report offers the value (in USD million) for the above segments.

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Medical Devices Market Size 2025-2029

The medical devices market size is valued to increase by USD 223 billion, at a CAGR of 6.5% from 2024 to 2029. Increasing prevalence of diseases will drive the medical devices market.

Major Market Trends & Insights

North America dominated the market and accounted for a 37% growth during the forecast period.
By End-user - Hospitals and ASCs segment was valued at USD 380.90 billion in 2023
By Product Type - Diagnostic devices segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 64.11 billion
Market Future Opportunities: USD 223.00 billion
CAGR : 6.5%
North America: Largest market in 2023

Market Summary

The market encompasses a dynamic and evolving landscape, driven by the increasing prevalence of diseases and the emergence of innovative medical technologies. Core technologies, such as robotics, artificial intelligence, and nanotechnology, are revolutionizing healthcare delivery, while applications span from diagnostics and monitoring to therapy and surgery. Service types and product categories, including medical implants, diagnostic equipment, and therapeutic devices, continue to expand, driven by advancements in materials science and biotechnology. Regulatory bodies play a crucial role in shaping market dynamics, with stringent regulations ensuring safety and efficacy.
For instance, the US Food and Drug Administration (FDA) approved over 4,000 medical devices in 2020 alone. Despite these opportunities, challenges persist, including declining reimbursement and cost containment measures, which impact market growth. Overall, the market demonstrates a robust and continually evolving ecosystem, offering significant potential for innovation and growth.

What will be the Size of the Medical Devices Market during the forecast period?

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How is the Medical Devices Market Segmented and what are the key trends of market segmentation?

The medical devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Hospitals and ASCs
  Clinics
  Others


Product Type

  Diagnostic devices
  Therapeutic devices
  Monitoring devices
  Assistive and rehabilitation devices
  Others


Application

  Cardiovascular
  Orthopedic
  Diagnostic imaging
  Dental
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The hospitals and ascs segment is estimated to witness significant growth during the forecast period.

The market encompasses a diverse range of technologies and applications, with hospitals and Ambulatory Surgical Centers (ASCs) representing a significant and growing sector. Hospitals and ASCs are essential consumers of medical devices, requiring equipment for diagnosis, treatment, and patient monitoring. The market's expansion is fueled by increasing healthcare expenditures from both public and private entities. Approximately 45% of global medical device sales stem from hospitals and ASCs, with this figure projected to reach 48% by 2026. Simultaneously, the market's overall value is anticipated to surge by 12% in the next five years, reaching a total worth of USD675 billion.

Sensor technology, including wearable sensors, plays a pivotal role in this market, enabling remote patient monitoring and minimally invasive procedures. Quality control systems, diagnostic imaging, and medical implants, such as prosthetic limbs, are other key areas of growth. Advanced technologies like artificial intelligence, data analytics, and data encryption are revolutionizing medical devices, enhancing their capabilities and improving patient outcomes. Minimally invasive surgery, risk management, supply chain management, design controls, and patient monitoring are some of the market trends shaping the industry. Signal processing, clinical trials, device sterilization, electrical stimulation, surgical instruments, tissue engineering, regulatory compliance, material science, biocompatible materials, wireless communication, software validation, therapeutic devices, human factors engineering, machine learning, manufacturing processes, drug delivery systems, image processing, and additive manufacturing are all integral components of the market.

In summary, the market is a dynamic and evolving sector, driven by advancements in technology and increasing demand from hospitals and ASCs. With a projected growth of 12% and a total value of USD675 billion by 2026, this market offers significant opportunities for innovation and expansion.

Rising healthcare utilization continues to drive growth in the Medical Instruments and Supplies industry. Manufacturers play a crucial role as more people access healthcare, fueled by demographic trends like a rising number of adults 65 and older and the increasing prevalence of chronic illnesses. Expanded insurance coverage has also brought millions of new consumers into the healthcare system, pushing demand for essential medical equipment and supplies. Despite these positives, recent years have seen manufacturers navigating significant headwinds, including tariffs, inflation, supply chain volatility and currency fluctuations. In all, revenue has been expanding at a CAGR of 1.7% to an estimated $105.8 billion over the past five years, with 1.9% growth expected in 2025. One of the most disruptive challenges is the sharp escalation in global tariffs on medical components and finished goods in 2025. The Trump administration's tariff policy, introduced in early 2025, imposes high rates on certain products from major trading partners, including China, Canada and Mexico. Domestic manufacturers, who rely heavily on globally sourced raw materials and components like surgical steel and polymers, have seen their cost of goods increase, hurting profit. This creates an environment where even basic medical supplies carry a much higher production cost. While some manufacturers are trying to accelerate supply chain shifts or expand domestic investment, these changes are costly and time-consuming. Strong and growing healthcare demand will provide opportunities for innovation and revenue growth, particularly in specialized and high-tech areas. For example, manufacturers developing advanced wound care dressings and antimicrobial surgical instruments are experiencing increased demand as healthcare providers seek safer and more effective treatment options. Evolving trade policy will remain a significant headwind, and resolving its impact—whether through strategic supply chain investments, negotiations on trade policy or technological adoption—will be central to sustaining profit. Industry revenue is forecast to expand at a 2.7% CAGR to an estimated $120.9 billion over the next five years.

The UAE Medical Device Market size was valued at around USD 1.92 billion in 2023 and is estimated to grow at a CAGR of about 8.87% during the forecast period, i.e., 2024-30.

The global sales of homecare medical devices are estimated to be worth USD 172.6 billion in 2025 and are anticipated to reach a value of USD 403.4 billion by 2035.

Attributes	Key Insights
Historical Size, 2024	USD 158.5 billion
Estimated Size, 2025	USD 172.6 billion
Projected Size, 2035	USD 403.4 billion
Value-based CAGR (2025 to 2035)	8.9%

Semi Annual Market Update

Particular	Value CAGR
H1	9.6% (2024 to 2034)
H2	9.3% (2024 to 2034)
H1	8.9% (2025 to 2035)
H2	8.4% (2025 to 2035)

Country-wise Insights

Country	Value CAGR (2025 to 2035)
United States	2.3%
Germany	2.0%
Italy	2.5%
UK	4.6%
India	7.3%
China	6.8%

Category-wise Insights

Product	Value Share (2025)
Wheelchairs	57.4%

By Distribution Channel	Value Share (2025)
Online Retailers	39.5%

The Medical Equipment Maintenance Market report segments the industry into Service Type (Preventive Maintenance, Corrective Maintenance, Operational Maintenance), By Service Providers (Independent Service Organizations, Original Equipment Manufacturers), By End Use (Imaging Equipment, Endoscopic Devices, and more), By End User (Hospitals, Laboratories, and more), and Geography (North America, Europe, Asia-Pacific, and more).

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US Durable Medical Equipment Market Size 2024-2028

The US durable medical equipment market size is forecast to increase by USD 18.63 billion, at a CAGR of 5.6% between 2023 and 2028.

The Durable Medical Equipment (DME) market in the US is experiencing significant growth, driven by the expanding geriatric population and increasing patient preference for at-home medical treatment. The aging demographic trend is fueling demand for DME as the elderly population often requires more medical equipment and supplies to maintain their health and independence. Furthermore, the convenience and cost savings associated with at-home care are leading more patients to opt for DME solutions instead of institutionalized care. However, the DME market faces challenges that could hinder its growth. The high cost of durable medical equipment is a significant obstacle, making it difficult for some patients to afford necessary devices. Popular categories within the DME market include power scooters, oxygen equipment, walkers, wheelchairs, hospital beds, catheters, support braces, CPAP masks, and various other medical devices used in the treatment of conditions such as cancer and cardiac disorders.
Additionally, regulatory compliance and reimbursement policies pose challenges for market participants, requiring them to navigate complex regulations and ensure proper documentation to secure payment for their products and services. Companies seeking to capitalize on market opportunities must address these challenges by offering affordable pricing models, focusing on regulatory compliance, and providing exceptional customer service to ensure patient satisfaction and repeat business.

What will be the size of the US Durable Medical Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The Durable Medical Equipment (DME) market in the US is characterized by a focus on medical device safety, quality assurance systems, and regulatory compliance. Patient education materials and risk management strategies are essential components of ensuring safe and effective use of DME. Medical device testing and data privacy regulations play a critical role in maintaining trust with patients and healthcare providers. Wearable medical sensors and device interoperability are driving innovation in the DME sector, enabling better patient outcome measures and value-based healthcare. Medical equipment rental, including oxygen concentrators and home infusion therapy, offers cost-effective solutions for patients requiring long-term care.
Supply chain efficiency and infection control measures are key priorities for DME providers, with performance improvement initiatives and clinical documentation essential for maintaining regulatory compliance. Assistive technology, such as insulin pumps and wheelchair technology, is transforming the way patients manage their conditions at home. Medical device repair and cost-effectiveness studies are important considerations for healthcare providers seeking to optimize their DME investments. CPAP machines, enteral feeding pumps, bariatric equipment, and hospital bed systems are all subject to ongoing research and development to improve performance and patient satisfaction. Pressure ulcer prevention and medication adherence are critical areas of focus for DME providers, with equipment tracking systems and infection control measures essential for maintaining patient safety and quality of care.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product Type

  Monitoring and therapeutic devices
  Personal mobility devices
  Bathroom safety devices and medical furniture


End-user

  Hospitals and clinics
  Home healthcare
  Ambulatory surgical centers


Geography

  North America

    US

By Product Type Insights

The monitoring and therapeutic devices segment is estimated to witness significant growth during the forecast period.

In the dynamic and evolving landscape of medical devices, various sectors are experiencing significant growth and innovation. Orthopedic implants continue to advance, offering improved patient outcomes through enhanced materials and design. Data analytics in healthcare is revolutionizing diagnostics and treatment plans, enabling more personalized care. Sleep apnea therapy devices are gaining traction, addressing the growing prevalence of sleep disorders. Equipment lifecycle management is increasingly important, ensuring optimal performance and reducing healthcare costs. Diagnostic imaging devices, from MRI to CT scans, are essential tools in early detection and treatment. Pa

The global medical device market size is anticipated to increase from USD 528.88 billion in 2024 to reach USD 857.39 billion by 2035, growing at a CAGR of 4.49% during the forecast period.

According to Cognitive Market Research, the global Refurbished Medical Equipment Market size will be USD 16,251.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 6013.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 4713.02 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 3900.43 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 617.57 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 650.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 7.3% million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
Imaging is the fastest growing segment of the Refurbished Medical Equipment Market industry

Market Dynamics of Refurbished Medical Equipment Market

Key Drivers for Refurbished Medical Equipment Market

Technological Advancements in Medical Equipment Is Expected To Boost Market Growth

Technological advancements in medical equipment have significantly transformed the healthcare industry, enhancing diagnostic accuracy, treatment outcomes, and overall patient care. Modern medical devices are now more precise, user-friendly, and integrated with advanced technologies like artificial intelligence (AI), machine learning, and the Internet of Things (IoT). These innovations have led to the development of more efficient diagnostic tools such as AI-powered imaging systems that can detect anomalies with higher accuracy and speed than traditional methods. In May 2023, the AI/ML medical device market was valued at $4 billion in 2022 and is projected to reach $35.5 billion by 2032, driven by applications in radiology, cardiology, and wearable sensors?.

https://netzender.com/7-top-trends-in-the-medical-devices-industry-in-2023-and-beyond”/

Rising Preference for To Boost Market Growth

The rising preference for high-quality medical equipment is driven by the increasing demand for improved patient outcomes and the growing emphasis on providing safer and more effective healthcare services. High-quality medical equipment plays a critical role in diagnosing, treating, and monitoring patients, as healthcare providers seek reliable and durable devices to ensure the best possible care. In an era of advanced medical technologies, there is also a heightened expectation for precision and accuracy in diagnostic tools, surgical instruments, and therapeutic devices. As medical practices become more specialized and complex, healthcare institutions are prioritizing high-quality equipment to meet these sophisticated demands. National Medical Devices Policy 2023: Aimed at expanding India's medical device sector from $11 billion in 2022 to $50 billion by 2030. The policy focuses on infrastructure development, R&D, investment attraction, regulatory streamlining, human resource development, and brand positioning.

Restraint Factor for the Refurbished Medical Equipment Market

Concerns Over Equipment Reliability and Durability, Will Limit Market Growth

Concerns over equipment reliability and durability remain one of the primary restraints in the refurbished medical equipment market. Since refurbished devices are pre-owned and restored to working condition, there is often skepticism among healthcare providers regarding their performance, longevity, and consistency in clinical settings. Medical practitioners, especially in critical care environments, depend heavily on equipment functioning flawlessly at all times. Any malfunction or inconsistency in performance can lead to serious consequences, including misdiagnosis, treatment delays, or patient safety risks. This apprehension makes some healthcare facilities hesitant to invest...

The global Durable Medical Equipment (DME) market size is expected to reach USD 378.27 Billion in 2032 registering a CAGR of 5.8%. Discover the latest trends and analysis on the Durable Medical Equipment Market. Our report provides a comprehensive overview of the industry, including key players, mar...

The Medical Devices and Equipment Logistics Market Report is Segmented by Product Type (Medical Devices and Medical Equipment) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

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Medical Equipment Maintenance Market Size 2025-2029

The medical equipment maintenance market size is valued to increase USD 63.34 billion, at a CAGR of 14.8% from 2024 to 2029. Rising focus on preventive maintenance of medical equipment will drive the medical equipment maintenance market.

Major Market Trends & Insights

North America dominated the market and accounted for a 33% growth during the forecast period.
By Type - Healthcare systems segment was valued at USD 24.78 billion in 2023
By End-user - Public sector organizations segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 199.93 million
Market Future Opportunities: USD 63338.70 million
CAGR from 2024 to 2029 : 14.8%

Market Summary

The market is experiencing significant growth due to the increasing adoption of advanced medical technologies in emerging economies and the rising focus on preventive maintenance to ensure optimal functionality and patient safety. According to a recent study, The market is projected to reach a value of USD50.5 billion by 2026, underscoring its importance in the healthcare sector. Advanced medical technologies, such as telemedicine, remote monitoring, and robotic surgery, are increasingly being implemented in healthcare facilities worldwide. These technologies require specialized maintenance to ensure their proper functioning, driving demand for medical equipment maintenance services.
Moreover, the high cost of medical equipment necessitates regular maintenance to prolong their lifespan and reduce replacement costs. Despite these opportunities, the market faces challenges, including the complexity of medical equipment, the need for specialized skills, and the high cost of maintenance services. To address these challenges, market players are investing in research and development to create more efficient and cost-effective maintenance solutions. Additionally, there is a growing trend towards outsourcing medical equipment maintenance to third-party providers to reduce operational costs and improve efficiency. In conclusion, the market is a critical component of the healthcare sector, driven by the increasing adoption of advanced medical technologies and the need for preventive maintenance.
With a projected value of USD50.5 billion by 2026, this market offers significant opportunities for growth and innovation. However, challenges such as the complexity of medical equipment and the high cost of maintenance services must be addressed to fully realize its potential.

What will be the Size of the Medical Equipment Maintenance Market during the forecast period?

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How is the Medical Equipment Maintenance Market Segmented ?

The medical equipment maintenance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Healthcare systems
  Pharmaceutical diagnostics
  Others


End-user

  Public sector organizations
  Private sector organizations


Service

  Preventive
  Corrective


Product

  Imaging equipment
  Surgical instruments


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The healthcare systems segment is estimated to witness significant growth during the forecast period.

In the dynamic and complex landscape of healthcare, the market plays a pivotal role in ensuring the optimal performance and longevity of essential medical devices. With a focus on inventory optimization techniques and maintenance cost optimization, preventive maintenance schedules, extended service warranties, and technical support services are integral components of this market. Compliance certifications, biomedical engineering technicians, and safety protocols implementation are crucial for maintaining regulatory compliance standards. Calibration verification procedures, performance optimization strategies, and repair management software facilitate efficient and effective maintenance processes. Medical device sterilization, predictive maintenance models, infection control protocols, and equipment sanitation procedures are essential for maintaining the highest levels of patient safety.

Key performance indicators, such as equipment downtime reduction, are closely monitored through health information technology, preventive maintenance procedures, and service contract management. Real-time equipment monitoring, asset tracking systems, remote diagnostics technology, maintenance contract negotiations, risk assessment methodologies, corrective maintenance protocol

To meet the growing demands of healthcare personnel, smart wearable devices are being incorporated into protective/clinical equipment with antimicrobial materials for better performance. The market is on an estimated growing trajectory with a 9.3% (CAGR) in the projection period 2025 to 2035 and would be arriving at USD 62,145.4 Million by 2035 to USD 25,539.2 Million by 2025.

Metric	Value
Market Size in 2025	USD 25,539.2 Million
Projected Market Size in 2035	USD 62,145.4 Million
CAGR (2025 to 2035)	9.3%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	9.4%

Country	CAGR (2025 to 2035)
UK	9.1%

Region	CAGR (2025 to 2035)
EU	9.3%

Country	CAGR (2025 to 2035)
Japan	9.2%

Country	CAGR (2025 to 2035)
South Korea	9.4%

Competitive Outlook

Company Name	Estimated Market Share (%)
3M Company	16-20%
Honeywell International Inc.	12-16%
Cardinal Health, Inc.	10-14%
DuPont de Nemours, Inc.	8-12%
Medline Industries, LP	6-9%
Other Medical PPE Suppliers	30-40%

Medical supply wholesalers benefit from downstream markets' robust demand for innovative medical devices and products. Many healthcare providers (physicians, hospitals and other institutions) have purchased these innovative products from industry wholesalers to attract patients. Substituting these new and more expensive products, rising prices for existing products and more per-patient use of medical supplies have contributed to solid wholesaler revenue growth. And since most wholesalers specialize in specific product markets, they can better exploit product introductions. Despite the pandemic's impact on revenue volatility from supply chain interruption, revenue is expected to strengthen at a CAGR of 1.9% to $33.9 through 2024, with revenue increasing 2.5% in 2024 alone and profit holding at 7.9%. Demographic shifts and market competitive pressures have influenced revenue and the impact of innovations. Some wholesalers have enhanced profit by expanding operations (device maintenance) to include value-added services for novel products. Shifting lifestyle trends have spurred the development of and been reinforced by new medical technology, boosting the variety of products wholesalers deliver to the marketplace. However, competitive market forces have muted revenue growth, exerting downward pricing pressure. Wholesalers are notably concentrated in highly populated regions, facing stiffer competition that adds downward pressure on prices wholesalers can charge for the newer products. Medical research and development and new product development at the manufacturing stage will likely continue to benefit downstream wholesalers. However, as medical device manufacturers consolidate and healthcare providers form group purchasing organizations (GPOs), wholesalers' negotiating power will be squeezed. Mergers or expansion of operations may be needed to counter the profit squeeze while gaining economies of scale. In addition, wholesalers will implement initiatives focused on improving efficiency, including investing in warehouse management and demand forecasting systems alongside consolidation activity. Direct-to-consumer sales will intensify competition, challenging revenue, depending on the product. With various favourable product tailwinds but competitive headwinds, revenue is forecast to climb at a CAGR of 2.6% to $38.6 billion through 2029.

U.S. Durable Medical Equipment Market to rise from USD 122.23 billion in 2024 to USD 252.24 Billion by 2034 at 7.40% CAGR, fueled by smart mobility devices and home healthcare innovations enhancing patient care

The global emergency medical equipment market, valued at approximately $18.45 billion in 2025, is projected to experience robust growth, driven by several key factors. Rising prevalence of chronic diseases, an aging global population necessitating increased healthcare access, and a growing incidence of trauma and accidents are significantly boosting demand for advanced emergency medical equipment. Technological advancements, such as the development of portable and miniaturized devices, improved diagnostic capabilities, and telehealth integration, are further fueling market expansion. Government initiatives focused on improving healthcare infrastructure and emergency response systems in both developed and developing nations also contribute to the market's upward trajectory. The market segmentation reveals substantial opportunities across various application areas, with cardiac care, trauma injuries, and respiratory care accounting for significant portions of the market share. Diagnostic medical equipment and emergency resuscitation equipment are leading product segments, indicating a strong focus on early diagnosis and effective life-saving interventions. North America and Europe currently dominate the market, benefiting from well-established healthcare systems and high per capita healthcare spending; however, emerging markets in Asia-Pacific are exhibiting rapid growth potential due to rising healthcare expenditure and infrastructure development. The competitive landscape is characterized by the presence of both established multinational corporations and specialized regional players. Key market participants, including Stryker, Medtronic, Asahi Kasei, and others, are investing heavily in research and development to introduce innovative products and enhance their market positions. Strategic partnerships, acquisitions, and geographical expansion are common strategies employed to gain a competitive edge. While the market faces challenges like high equipment costs and regulatory hurdles in certain regions, the overall growth outlook remains positive. The projected CAGR of 3.5% from 2025 to 2033 suggests a steady and sustained expansion, creating lucrative opportunities for companies operating within this dynamic market. Further market segmentation by type (diagnostic, resuscitation, patient handling, PPE) reveals nuances in growth rates, allowing for more targeted investment strategies. Analyzing specific regional data, including growth potential in countries like India and China, is crucial for developing effective market penetration plans.

The Report Covers Global Smart Medical Devices Market Size & Trends and It is Segmented by Product Type (Diagnostic and Monitoring and Therapeutic Devices), End User (Hospitals/Clinics, Home-Care Setting, and More), by Connectivity (Bluetooth, Wi-Fi, and More), by Distribution Channel (Offline and Online), and Geography. The Market Provides the Value (in USD Million) for the Above Segments.

The 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. The increasing demand for remote patient monitoring (RPM), rising product adoption in rural areas, and the growing number of private hospitals represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 7.7 Billion
Market Forecast in 2033	USD 17.5 Billion
Market Growth Rate 2025-2033	9.49%

IMARC Group provides an analysis of the key trends in each segment of the global pre-owned medical devices market, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type and end user.

Market Size statistics on the Medical Device Manufacturing industry in the US