Refurbishment is restoration of equipment or device to a reusable condition without changing the basic specifications of the device. The process of refurbishing medical devices ensures the safety and efficacy of the device so that the performance of the device is not altered.

Increasing demand for refurbished medical equipment is relatively high from private hospitals, owing to lower budgets than that of government-run or funded medical facilities. Cost of personalized treatment in private hospitals is relatively higher than government or trust-run hospitals

Unfavorable reimbursement scenario for purchase of new diagnostic imaging equipment in developing countries, and decreasing reimbursement in developed countries such as the US are factors resulting in increasing adoption of refurbished medical equipment. 

 Refurbishment of single-use devices involves efficient cleansing, sterilization, and repackaging, and can raise some concerns regarding risk of cross-infection, as well as result in certain extent of deterioration of components and materials.

Penetration of refurbished medical equipment in developing economies is expected increase over the forecast period. This is attributed to unfavorable reimbursement scenario for various medical treatments in various developing countries, especially in Asia Pacific region.

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