Global Medical Device Reprocessing Market, By Process (Pre-soak, Manual Cleaning, Automatic Cleaning, Disinfection), Type (Enzymatic, Non-enzymatic Detergent), Application (Surgical Instruments, Endoscope, Ultrasound Probe), End-User (Hospitals, Clinics, Diagnostic Centres), Product & Services (Reprocessing Support and Services, Reprocessed Medical Devices), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The medical device reprocessing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 14.55% in the above-mentioned forecast period. Rising low prices of reprocessed medical devices drives the medical device reprocessing market.
Medical device reprocessing is defined as the process of cleaning, remanufacturing and disinfection of the medical devices so that those devices can be reused or to be put in service again. The reprocessed devices are biopsy, catheter, endoscope and pulse oximeter. By using on patients, reusable devices become soiled and contaminated with microorganisms.
Rising pressure to reduce volume of regulated medical waste is the vital factor escalating the market growth, also lack of facilities for waste disposal in the healthcare industry, rising government initiatives towards medical device reprocessing, increasing awareness regarding medical devices reprocessing, increasing favourable regulatory landscape regarding sustainable waste disposal methods, increasing affordable costs coupled with the strengthening network of distributors in emerging economies and rising use of reprocessed products in numerous cardiac surgeries and blood pressure monitoring applications are the major factors among others driving the medical device reprocessing market. Moreover, rising technological advancements and modernization in the process used for the procedure, and rising emerging markets with increasing geriatric population base will further create new opportunities for medical device reprocessing market in the forecasted period of 2021-2028.
However, rising risk of surgical site infections is the major factor among others which will obstruct the market growth, and will further challenge the growth of medical device reprocessing market in the forecast period mentioned above.
The medical device reprocessing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical device reprocessing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Medical Device Reprocessing Market Scope and Market Size
The medical device reprocessing market is segmented on the basis of process, type, application, end-user and products & services. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of process, the medical device reprocessing market is segmented into pre-soak, manual cleaning, automatic cleaning and disinfection.
- Based on type, the medical device reprocessing market is segmented into enzymatic and non-enzymatic detergent.
- Based on application, the medical device reprocessing market is segmented into surgical instruments, endoscope and ultrasound probe.
- Based on end-user, the medical device reprocessing market is segmented into hospitals, clinics and diagnostic centres.
- The medical device reprocessing market is also segmented on the basis of products & services into reprocessing support and services and reprocessed medical devices.
Medical Device Reprocessing Market Country Level Analysis
The medical device reprocessing market is analysed and market size insights and trends are provided by country, process, type, application, end-user and products & services as referenced above.
The countries covered in the medical device reprocessing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical device reprocessing market due to increasing preference among healthcare professionals regarding improvised reprocessed medical devices and surging cases of cancer and other chronic disorders in this region.
The country section of the medical device reprocessing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical device reprocessing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for medical device reprocessing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical device reprocessing market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Medical Device Reprocessing Market Share Analysis
The medical device reprocessing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical device reprocessing market.
The major players covered in the medical device reprocessing market report are Stryker Corporation, Johnson & Johnson Services, Inc., VANGUARD AG, Medline Industries, Inc., Medtronic, SteriPro, Medline Industries, Inc., ReNu Medical, SureTek Medical, Centurion Medical Products, Agito Medical A/S, Innovative Health, Nescientific Inc., Synergy Health plc, GENERAL ELECTRIC COMPANY, Siemens Healthcare GmbH and SOMA TECH INTL among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Medical Device Reprocessing Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.