STERIS, Stryker, and Johnson & Johnson Services, Inc. are Dominating the Medical Device Reprocessing Market in 2021

The Global Medical Device Reprocessing Market is expected to grow with the CAGR of 16.10% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global medical device reprocessing market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in medical device reprocessing market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced reprocessed services and product portfolio.

For instance,

  • In January 2020, STERIS 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.

STERIS is the dominating player in global medical device reprocessing market. The other key players existing in the market are Stryker, General Electric, Johnson & Johnson Services, Inc., 3M, Cantel Medical, Olympus Corporation, 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), and INNOVATIVE HEALTH among others.

Medical Device Reprocessing Market

STERIS

STERIS was founded in 1987 and has its base headquarters in Ohio, U.S. The company is focused on providing infection prevention, and other procedural products and services. The company deals in business segments such as healthcare products, healthcare specialty products, life sciences and applied sterilization technologies out of which healthcare specialty services are the market focused segment.

For instance,

  • In January 2020, STERIS 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.

The company has presence in North America, Europe, Asia-Pacific, and Middle East and Africa. Additionally, the company has subsidiaries, namely, Black Diamond Video, Inc. (U.S.), US Endoscopy, Inc. (U.S.), STERIS Instrument Management Services, Inc. (U.S.), STERIS Europe Inc (Germany), and Synergy Health (U.K.) among others.

Stryker

Stryker is headquartered in Michigan, the U.S. and was founded in 1941. The aim of the company is to provide innovative product and services in orthopedics, medical and surgical and neurotechnology. They help patients and hospitals to improve the outcomes. The company has product category such as medical and surgical equipment, orthopaedics and neurotechnology out of which medical and surgical equipment are the market focused category.  

For instance,

  • 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.

The company has wide global presence across Asia-Pacific, Europe, Americas and Middle East and Africa. The company has various subsidiaries which are Aimago SA (Switzerland), Alcott Indemnity Company (Vermont USA), Ascential LLC, (Delaware U.S.A), Berchtold China Ltd (China), and Berchtold + Fritz GmbH (Germany) among others.

Johnson & Johnson Services, Inc.

Johnson & Johnson Services, Inc. is headquartered in New Jersey; U.S. and was founded in year 1886. The company is engaged in providing high quality products and the services to doctors, patient and other consumers. The company offers wide range of product in various categories such as consumer health products, medical devices and pharmaceutical productsout of which medical devices are market focused category.     

For instance,

  • In March 2021, Ethicon, part of the Johnson & Johnson Services, Inc. announced the global launch of the ECHELON+ Stapler with GST Reloads, a new powered surgical stapler designed to increase staple line security and reduce complications through more uniform tissue compression and better staple formation, even in challenging situations which will expand their business.

The company has wide global presence across the world in Europe, North America, Asia Pacific, Middle East and Africa and South America.  The subsidiaries are Janssen Pharmaceutica, Neutrogena (Belgium), DePuy Synthes Companies (U.S.), Ethicon Inc (U.S.), and ALZA Corporation (U.S.) among others.