Global Medical Device Reprocessing Market is Expected to Grow at 16.10% in the Forecast Period of 2021 to 2028

The Medical Device Reprocessing Market is growing with factors such as increased medical waste, rise in novel technological developments in medical device reprocessing, and strategic initiatives by market players.

However, the risk of transmission of infection and the strict regulatory framework may obstruct the growth of the market in the given forecast period.

Global Medical Device Reprocessing Market Scenario            

According to Data Bridge Market Research, the market for the medical device reprocessing in North America region has the highest market share of 45.68% in 2021. Market leader is STERIS plc and Stryker which accounts an estimated market share of approximately 10.72% and 9.48%. The company has gained outstanding sale through providing the supply of reprocessed medical devices associated with reuse, sterilization, treatment and packaging and rapid product approvals.

For instance,

  • In January 2020, STERIS plc had acquired Cantel Medical via the U.S. subsidiary. Cantel is a global provider of infection prevention products and services primarily to endoscopy and dental Customers. Under this agreement, it will be beneficial to the market, when STERIS plc will acquire Cantel in the cash and stock transaction valued at USD 84.66 per Cantel common share. The acquisition will provide both the companies to showcase a diverse range of infection prevention and procedural products and reprocessing services.

Medical Device Reprocessing Market

Trends Impacting the Market

Now the question is which other regions is STERIS plc and Stryker are targeting? Data Bridge Market Research has estimated a large growth in Europe medical device reprocessing market and the market leaders are targeting Germany, France, and U.K to be their next revenue pockets for 2021.

The global medical device reprocessing market is becoming more competitive with companies such as STERIS plc and Stryker as they are the top dominating companies in medical device reprocessing market, having maximum number of reprocessed devices and services. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global medical device reprocessing market.

For more analysis on the global medical device reprocessing market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-medical-device-reprocessing-market​​​​​​​

Global Medical Device Reprocessing New Market Development 2021

  • In April 2021, Stryker announced their multiyear national partnership, designating the medical device company as The Official Smart Robotics Joint Replacement Partner of Minor League Baseball. This partnership gives a solid foundation for growth and reputations.

Scope of the Global Medical Device Reprocessing Market

All country-based analysis of global medical device reprocessing market is further analyzed based on further segmentation. The global medical device reprocessing market is segmented on the basis of type into enzymatic and non-enzymatic detergent. On the basis of product and service the market is segmented into reprocessing support & services, and reprocessed medical devices.  On the basis of process, the market is segmented into presoak, manual cleaning, automatic cleaning, and disinfection. On the basis of device type, the market is segmented into critical devices, semi-critical devices, and non-critical devices. On the basis of application, the market is segmented into devices, and accessories. On the basis of end user, the market is segmented into hospitals, clinics, home healthcare, diagnostic centers, manufacturers, ambulatory surgical centers, and others.

 To know more about the study https://www.databridgemarketresearch.com/reports/global-medical-device-reprocessing-market

Key Pointers Covered in Global Medical Device Reprocessing Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • Stryker
  • General Electric
  • Johnson & Johnson Services, Inc.
  • 3M
  • Cantel Medical
  • Olympus Corporation
  • STERIS
  • Medline Industries, Inc.
  • Medtronic
  • EverX
  • Vanguard AG
  •  Avante Health Solutions
  •  SteriPro
  • Getinge AB
  • SureTek Medical
  • SOMA TECH INTL
  • NEScientific, Inc
  • Cardinal Health
  • Renu Medical (a subsidiary of Arjo)
  • INNOVATIVE HEALTH

Above are the key players covered in the report, to know about more and exhaustive list of the medical device reprocessing market companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-device-reprocessing-market

Research Methodology: Global Medical Device Reprocessing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Chief Level Officers, Product and Marketing Manager, Manufacturers, Distributors, Buyers.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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