Johnson & Johnson Services, Inc., Medline Industries, Inc., INNOVATIVE HEALTH are dominating the Global Single Use Medical Devices Reprocessing Market in 2020

Global Single Use Medical Devices Reprocessing Market is expected to grow with the CAGR of 16.4% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global single use medical devices reprocessing market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global single use medical devices reprocessing market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance-

  • In August 2020, Medline Industries Inc., announced an agreement for medical supplies vendor with NPPGov, which is a leader in the public safety cooperative purchasing. With this agreement, NPPGov can now purchase medline medical devices and will help the company to grow in future.
  • In July 2020, INNOVATIVE HEALTH announced that it has received FDA clearance to reprocess transseptal needles. This is a milestone in single use device reprocessing because no other company is able to offer reprocessed transseptal needles and will help the company to gain further markets.

Johnson & Johnson Services, Inc., is the dominating player in the market and the other players in the market are Stryker, SureTek Medical, Medline Industries, Inc., Vanguard AG, NEScientific, Inc., SteriPro, INNOVATIVE HEALTH, and ReNu Medical among others.

Single Use Medical Devices Reprocessing MarketJohnson & Johnson Services, Inc.

Johnson & Johnson Services, Inc. headquartered in New Jersey, U.S. and found in 1887. The company is engaged in the manufacturing and sale of medical products in health care field. The company is offering reprocessed single-use device and committed to help healthcare system to reduce expenses and decrease environmental waste. The company offers its products through several brands such as Acclarent, Biosense Webster, CERENOVUS, DePuy Synthes, Ethicon, Mentor, Sterlimed, in which Sterlimed is the market focused brand. The company has wide presence in North America, South America, Europe, Middle East and Africa, Asia-Pacific. Neutrogena (U.S.), Ethicon Inc, (U.S.), Synthes (U.S.), Actelion (Switzerland), McNEIL PPC Inc. (U.S.) among others are the subsidiaries of Johnson & Johnson Services, Inc.

For instance,

  • In December 2020, Johnson & Johnson Services, Inc. participated in the 39th annual J.P. Morgan Healthcare Conference. This has helped the company to give the correct knowledge about their product and would help to further grow in coming years.

Medline Industries, Inc.

Medline Industries Inc. headquartered in Illinois, U.S. The company was founded in 1996. The company is engaged in the manufacturing and distribution of healthcare supplies serving the entire continuum of care. The company is bridging supply chain and clinical expertise to make healthcare run better. The company offers various products such as Advanced Wound Care, Anesthesia, Apparel Beds & Mattresses, Central Sterile, Diagnostics, Durable Medical Equipment's (DME), Environmental Services (EVS), Equipment & Furnishings, Foot & Ankle, Gloves, Incontinence, Infection Prevention, Lab Supplies, Nursing Supplies, Nutrition, Office Supplies, Surgery, Pharmacy, Respiratory, Skin Care, Textiles, Therapy & Rehabilitation, Urology & Ostomy, Vascular Access, Wound Care. The market products lie under Surgery. The company has presence in North America, South America, Europe, Middle East and Africa, Asia-Pacific. The company also generates its revenue from various subsidiaries such as Suture Express, Inc.(U.S.), Professional Hospital Supply, Inc. (U.S.), Excelsior Medical Corporation (U.S.), Chester Packaging (U.S.), H and P Industries (U.S.).

For instance,

  • In December 2020, Medline Industries, Inc. announced the USD 235.00 million partnerships with OU Medicine Inc. which selects Medline as exclusive distributor for medical products and will enhance the supply chain. This partnership would help the company to gain the market in coming years.

INNOVATIVE HEALTH

INNOVATIVE HEALTH has its headquarters in Arizona, U.S., was founded in 2015. The company is engaged in the reprocessing of single use devices at a significantly reduced prices. It's focus is on electrophysiology devices, which are among the most expensive medical devices. The company offers Mapping Catheters, Trans Septal Needle, Vascular Imaging, Diagnostic Ultrasound Catheters, Introducer Sheaths, Diagnostic EP Catheters, EP Cables. The company has presence across North America.

For instance-

  • In November 2020, INNOVATIVE HEALTH announced that it has received the U.S. patent for micro lumen reprocessing technology and advancing the vital discipline of single use reprocessing cardiology medical devices. This would help the company to secure its unique position in the market and is likely to grow in coming years.