Excellent Growth Of Reprocessed Medical Devices Market 2026 : with Growth And Re

Posted by satish on May 2nd, 2019

Reprocessed medical devices are single-use medical devices, which are recycled by disinfection, cleaning, remanufacturing, testing, packaging and labeling, and sterilization and various other steps to make a used medical devices back in service again. All reprocessed devices are originally labeled as single- use medical devices and need to meet the requirements of the U.S. Food and Drug Administration such as, cleaning, sterility and functionality prior to use. Research publication related to medical devices market suggested that firstly medical devices reprocessing was mostly performed by hospital staffs within hospital setting without any proper guidelines.

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Market Dynamics

Rise in incidence of cardiovascular disease due to increase in the prevalence of high blood pressure and diabetes worldwide is expected to favor the demand for reprocessed medical devices around the globe. As cardiovascular devices such as blood pressure cuffs, cardiac stabilization and positioning devices, catheters or general surgery devices can be reprocessed.

Also, due to rising demand for minimally invasive treatment laparoscopy is the other factor leading to growth of reprocessed medical devices market in developed as well as developing regions. Where laparoscopic devices such as endoscopic trocars, components and harmonic scalpels.

Cost effectiveness, equivalent performance to the original devices, warranty and availability of sources driving growth of reprocessed medical devices market

The USITC statistics indicate that the production of reprocessed devices increased by 12% during 2009-2011. This is mainly attributed to production capacity expansion by a large number of medical device remanufacturers during this period. The 2008-2009 recession was the supportive factor behind this growth, as during this period various patients lost their medical insurance and it affected the reimbursement of devices, which in turn led to uptake of cost-effective devices.

The cardiovascular medical devices segment is expected to retain its dominance over the forecast period, owing to reduction in product prize, increasing pressure to reduce expenditure of healthcare among hospital authorities, and increasing focus on protection of environment by reducing medical waste dumping.

Market Taxonomy

The report segments the global reprocessed medical devices market on basis of technique and geography. On the basis of technique, the market is categorized into laparoscopic devices, gastroenterology, general surgery, orthopedic devices and cardiovascular devices. Among these, the cardiovascular devices segment dominate the reprocessed devices market throughout the forecast period. On the basis of geography, the market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all regions, North America contributes major market share supported by increased incidence rate of cardiovascular disease and growing inclination of the population towards minimally invasive procedures.

Key features of the study:

This report provides in-depth analysis of the reprocessed devices market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global reprocessed medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans

Increased focus on protecting the environment by reducing medical waste being dumped in landfills is significantly contributing to the growth for reprocessed medical devices market

Over 90% of potentially infectious medical waste was incinerated before 1997. In August 1997, the U.S. Environmental Protection Agency (EPA) promulgated regulations creating stringent emission standards for medical waste incinerators due to significant concerns over detrimental air quality affecting human health. EPA’s Office of Air Quality Planning and Standards continues to review and revise the Hospital Medical Infectious Waste Incinerator (HMIWI) standards as required most recently in May of 2013.

Some major key players in the global reprocessed medical devices market include Stryker Corporation, Johnson & Johnson, Vanguard AG), Medline ReNewal , SteriPro Canada, Inc., Pioneer Medical Devices AG, Vascular Solutions, Inc., HYGIA Health Services, Inc., ReNu Medical, Inc., SureTek Medical, Centurion Medical Products Corporation and Vanguard AG.

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