Zion
Research has published a new report titled “Reprocessed Medical Devices Market
(Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/
Arthroscopic Medical Devices Gastroenterology Medical Devices and General
Surgery Medical Devices) for Hospital and Home Healthcare: Global Industry
Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and
Forecast, 2015 – 2021”.According to the report, the global reprocessed
medical devices market was valued at approximately USD
1.42billion in 2015 and is expected to reach approximately USD 4.02 billion by
2021, growing at a CAGR of around 19.7% between 2016 and 2021.
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The
medical devices that can reprocess and reused on multiple patients are called
as reusable medical devices. medical devices reprocessing refers to the process
of remanufacturing, cleaning, testing, sterilizing and packaging of used
and expired medical devices to be put in service again. Adequate reprocessing
of reusable medical devices is very important in protecting patient safety.
The
market is primarily driven by the increasing significance and need for medical
waste disposal. Favorable government initiatives are another key driving factor
for reprocessed medical device market. Moreover, the growing concern regarding
high volume of waste and landfills generated globally is influential in
shifting the focus towards reprocessing of medical devices. However, reluctance
in adopting reprocessed medical devices may hamper the market growth within the
forecast period. Nonetheless, reduced product pricing of reprocessed devices is
anticipated to open up new growth opportunities in the near future.
Based
on the type, the market can be segmented into cardiovascular medical devices,
laparoscopic medical devices, orthopedic/ arthroscopic medical devices
gastroenterology medical devices and general surgery medical devices. The
cardiovascular segment accounted for over 55% share of the overall market,
as a result of its increasing incorporation in cardiac surgeries, including
diagnostics electrophysiology catheters, and blood pressure cuffs, in a wide
range of diagnostic, blood pressure monitoring, and surgical applications in
2015. Laparoscopy was the second largest segment owing to the increasing demand
for minimally invasive techniques.
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Hospital
and home healthcare are key end-users in the reprocessed medical devices
market. The hospital was the largest end-use segment of reprocessed medical
devices market and it accounted for over 46% market share of total revenue
generated in 2015. This growth is mainly due to grow outsourcing activities for
reprocessing to third-party vendors. For instance, according to the study
published in PubMed, the National Institutes of Health, more than 42% of
hospitals in the U.S. outsourced reprocessing to third-party reprocessing
organizations in 2007. Home healthcare is another key outlet of the market and
is expected to show witness significant growth in the years to come.
North
America accounted for the largest share of around 50% in 2015 and has become
one of the most dominant markets in the reprocessed medical devices.The high
rate of adoption and regulatory policies and government incentives are the
major factors reinforcing the dominance of this region.In terms of demand,
North America followed by Europe in 2015. Europe was the leading regional
market in 2015. This growth is mainly attributed to favorable government
support, reduced funding opportunities, expensive operative procedures and high
prices coupled with the manufacturing of the original device. Asia pacific is
expected to witness fastest growing region in the years to come owing to
presence of untapped opportunities in emerging economies.
Some
of the key players in the reprocessed medical device market such as Stryker
Sustainability, SterilMed, Inc., ReNu Medical, Inc., MidWest Reprocessing
Center, Vanguard AG, SureTek Medical, Medline ReNewal, Hygia Health Services,
Inc., and Centurion Medical Products Corp.
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TOC @ https://www.zionmarketresearch.com/report/reprocessed-medical-devices-market
This
report segments the global reprocessed medical devices market as follows:
Global
Reprocessed Medical Devices Market: Product Analysis
·
BacterialCardiovascular
Medical Devices
o Blood Pressure Cuffs/Tourniquet Cuffs
o Cardiac Stabilization And Positioning Devices
o Compression Sleeves (DVT)
o Diagnostic Electrophysiology Catheters
o Electrophysiology Cables
·
Laparoscopic Medical
Devices
o Endoscopic Trocars And Components
o Harmonic Scalpels
·
Orthopedic/ Arthroscopic
Medical Devices
o External Fixation Devices
o Gastroenterology Medical Devices
o Biopsy Forceps
·
General Surgery Medical
Devices
o Balloon Inflation Devices
Global
Reprocessed Medical Devices Market: End-user Segment Analysis
·
Hospital
·
Home healthcare
Global
Reprocessed Medical Devices Market: Regional Segment Analysis
·
North America
o U.S.
·
Europe
o Germany
o France
o UK
·
Asia Pacific
o China
o Japan
o India
·
Latin America
o Brazil
·
Middle East and Africa
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