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The market for reprocessed medical devices is anticipated to reach a value of US$ 3,091.10 million in 2023 and is projected to grow at a CAGR of 21.4% from 2022 to 2030.
Reprocessing is crucial to the life cycle of a medical device. Reprocessing a medical equipment entails cleaning, sterilizing, testing, remanufacturing, disinfecting, packing, and labeling it in order to make it patient-ready at a significantly reduced cost. In order to prepare medical devices for reuse, a particular procedure or treatment is used. The market for reprocessed medical devices is expanding as a result of rising hospital spending on healthcare equipment and significant medical waste.
The report provides information and in-depth analysis of the global market for reprocessed medical devices, focusing on a number of factors including market trends, technological advancements, the dynamics of the remanufactured medical device market, and an examination of the competitive environment for the industry's top players. It also takes into account how the COVID-19 pandemic has affected the market globally. Different nations around the world have seen socioeconomic disruption as a result of the pandemic. According to the most recent WHO statistics, the US is now the nation worst hit by the COVID-19 outbreak due to the highest number of confirmed cases and fatalities. The numerous COVID-19 positive cases have had a detrimental effect on the world economies. While overall commercial activity has decreased, a number of globally active industries have grown.
The cost-effectiveness of these recycled medical equipment, mounting pressure to reduce medical waste, and rising awareness of such devices in healthcare institutions all significantly contribute to the growth of the global market for reprocessed medical devices. The global market for reprocessed medical equipment is projected to expand as a result of increased demand on healthcare facilities to cut costs. The global market for reprocessed medical devices is anticipated to be driven by technological advances and an increase in the usage of innovative products. The industry is also anticipated to gain from advances in reprocessing technology and a rise in the number of third-party reprocessors. The aforementioned factors are anticipated to influence the sales of reprocessed medical devices in the near future.
The growing demand for reprocessed medical devices worldwide is mostly driven by the affordability of these recycled medical equipment, increasing pressure to reduce medical waste, and growing awareness of such devices in healthcare institutions. The need for healthcare facilities to save costs is expected to result in an increase in the global market for reprocessed medical equipment. Technology advancements and a rise in the use of novel products are predicted to fuel the global market for reprocessed medical devices.
Some of the medical devices that have undergone global reprocessing include cardiovascular devices, general surgical equipment, laparoscopic devices, orthopaedic external fixation devices, and gastroenterology biopsy forceps. The increasing use of cardiovascular devices such as blood pressure cuffs/tourniquet cuffs, cardiac stabilization and positioning devices, deep vein thrombosis (DVT) compression sleeves, diagnostic electrophysiology catheters, and electrophysiology (EP) cables is driving the global market for reprocessed medical devices.
However, the high cost of medical equipment will reduce the market's rate of expansion. The market will face difficulties due to a shortage of trained specialists and a weak healthcare system in developing nations. This report on the global market for reprocessed medical devices includes information on recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and local market players, an analysis of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product launches.
Report Coverage
Global Reprocessed Medical Devices research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Reprocessed Medical Devices report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Reprocessed Medical Devices competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Reprocessed Medical Devices market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Reprocessed Medical Devices market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Reprocessed Medical Devices market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Stryker (U.S.), Medline Industries Inc. (U.S.), ReNu Medical (U.S.), LUMITOS AG (Germany), Vanguard AG (U.S.), Johnson & Johnson Private Limited (U.S.), Sterilmed Inc. (U.S.), Hygia Health Services Inc. (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Switzerland), General Electric (U.S.), Suretech Medical Inc. (India), Medisiss (U.S.), Agito Medical (Denmark), Soma Tech INTL (U.S.), SteriPro Canada, Inc., Pioneer Medical Devices AG, Vascular Solutions, Inc., SureTek Medical, and Centurion Medical Products Corporation.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Reprocessed Medical Devices market based on the below-mentioned segments:
Global Reprocessed Medical Devices Market, By Device Type
Cardiovascular Devices
Blood Pressure Cuffs/Tourniquet Cuffs
Cardiac Stabilization and Positioning Devices
Compression Sleeves (DVT)
Diagnostic Electrophysiology Catheters
Electrophysiology Cables
General Surgery Devices
Balloon Inflation Devices
Infusion Pressure Bags
Laparoscopic Devices
Endoscopic Trocars and Components
Harmonic Scalpels
Orthopedic External Fixation Devices
Gastroenterology Biopsy Forceps
Global Reprocessed Medical Devices Market, By End User
Hospitals
Home Healthcare
Others
Global Reprocessed Medical Devices market, Regional Analysis
Reprocessing is crucial to the life cycle of a medical device. Reprocessing a medical equipment entails cleaning, sterilizing, testing, remanufacturing, disinfecting, packing, and labeling it in order to make it patient-ready at a significantly reduced cost. In order to prepare medical devices for reuse, a particular procedure or treatment is used. The market for reprocessed medical devices is expanding as a result of rising hospital spending on healthcare equipment and significant medical waste.
The report provides information and in-depth analysis of the global market for reprocessed medical devices, focusing on a number of factors including market trends, technological advancements, the dynamics of the remanufactured medical device market, and an examination of the competitive environment for the industry's top players. It also takes into account how the COVID-19 pandemic has affected the market globally. Different nations around the world have seen socioeconomic disruption as a result of the pandemic. According to the most recent WHO statistics, the US is now the nation worst hit by the COVID-19 outbreak due to the highest number of confirmed cases and fatalities. The numerous COVID-19 positive cases have had a detrimental effect on the world economies. While overall commercial activity has decreased, a number of globally active industries have grown.
The cost-effectiveness of these recycled medical equipment, mounting pressure to reduce medical waste, and rising awareness of such devices in healthcare institutions all significantly contribute to the growth of the global market for reprocessed medical devices. The global market for reprocessed medical equipment is projected to expand as a result of increased demand on healthcare facilities to cut costs. The global market for reprocessed medical devices is anticipated to be driven by technological advances and an increase in the usage of innovative products. The industry is also anticipated to gain from advances in reprocessing technology and a rise in the number of third-party reprocessors. The aforementioned factors are anticipated to influence the sales of reprocessed medical devices in the near future.
The growing demand for reprocessed medical devices worldwide is mostly driven by the affordability of these recycled medical equipment, increasing pressure to reduce medical waste, and growing awareness of such devices in healthcare institutions. The need for healthcare facilities to save costs is expected to result in an increase in the global market for reprocessed medical equipment. Technology advancements and a rise in the use of novel products are predicted to fuel the global market for reprocessed medical devices.
Some of the medical devices that have undergone global reprocessing include cardiovascular devices, general surgical equipment, laparoscopic devices, orthopaedic external fixation devices, and gastroenterology biopsy forceps. The increasing use of cardiovascular devices such as blood pressure cuffs/tourniquet cuffs, cardiac stabilization and positioning devices, deep vein thrombosis (DVT) compression sleeves, diagnostic electrophysiology catheters, and electrophysiology (EP) cables is driving the global market for reprocessed medical devices.
However, the high cost of medical equipment will reduce the market's rate of expansion. The market will face difficulties due to a shortage of trained specialists and a weak healthcare system in developing nations. This report on the global market for reprocessed medical devices includes information on recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and local market players, an analysis of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product launches.
Report Coverage
Global Reprocessed Medical Devices research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Reprocessed Medical Devices report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Reprocessed Medical Devices competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Reprocessed Medical Devices market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Stryker (U.S.), Medline Industries Inc. (U.S.), ReNu Medical (U.S.), LUMITOS AG (Germany), Vanguard AG (U.S.), Johnson & Johnson Private Limited (U.S.), Sterilmed Inc. (U.S.), Hygia Health Services Inc. (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Switzerland), General Electric (U.S.), Suretech Medical Inc. (India), Medisiss (U.S.), Agito Medical (Denmark), Soma Tech INTL (U.S.), SteriPro Canada, Inc., Pioneer Medical Devices AG, Vascular Solutions, Inc., SureTek Medical, and Centurion Medical Products Corporation. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Reprocessed Medical Devices Market from 2021 to 2030.
- Market Forecast for Reprocessed Medical Devices Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Reprocessed Medical Devices competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Reprocessed Medical Devices
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Reprocessed Medical Devices market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Reprocessed Medical Devices market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Stryker (U.S.), Medline Industries Inc. (U.S.), ReNu Medical (U.S.), LUMITOS AG (Germany), Vanguard AG (U.S.), Johnson & Johnson Private Limited (U.S.), Sterilmed Inc. (U.S.), Hygia Health Services Inc. (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Switzerland), General Electric (U.S.), Suretech Medical Inc. (India), Medisiss (U.S.), Agito Medical (Denmark), Soma Tech INTL (U.S.), SteriPro Canada, Inc., Pioneer Medical Devices AG, Vascular Solutions, Inc., SureTek Medical, and Centurion Medical Products Corporation.
Primary Target Market
- Market Players of Reprocessed Medical Devices
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Reprocessed Medical Devices market based on the below-mentioned segments:
Global Reprocessed Medical Devices Market, By Device Type
Cardiovascular Devices
Blood Pressure Cuffs/Tourniquet Cuffs
Cardiac Stabilization and Positioning Devices
Compression Sleeves (DVT)
Diagnostic Electrophysiology Catheters
Electrophysiology Cables
General Surgery Devices
Balloon Inflation Devices
Infusion Pressure Bags
Laparoscopic Devices
Endoscopic Trocars and Components
Harmonic Scalpels
Orthopedic External Fixation Devices
Gastroenterology Biopsy Forceps
Global Reprocessed Medical Devices Market, By End User
Hospitals
Home Healthcare
Others
Global Reprocessed Medical Devices market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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