Pre-Owned Medical Device Market to Reach $5B by 2019

The market for pre-owned medical devices is expected to grow by a compound annual growth rate of 10.6 percent from 2013 until 2019, bringing the market value to $4.9 billion, according to a news release.

In 2012, the market for pre-owned devices was $2.4 billion.

Pre-owned medical devices are those that are available for re-sale after complete refurbishment, which means restoring a device to its original specifications.  

Refurbished CT machines are the second largest portion of the pre-owned medical device market after X-ray and mammography machines, and the CT machine market is expected to grow by a CAGR of 10 percent by 2019.

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