Middle East and Africa Medical Device Reprocessing Market, By Type (Enzymatic, Non-Enzymatic Detergent), Product & Service (Reprocessing Support & Services, Reprocessed Medical Devices), Process (Presoak, Manual Cleaning, Automatic Cleaning, Disinfection), Devices Type (Critical Devices, Semi-Critical Devices, Non-Critical Devices), Application (Devices, Accessories), End User (Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Manufacturers, Ambulatory Surgical Centers, Others), Country (South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Medical Device Reprocessing Market
The medical device reprocessing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.4% in the forecast period of 2021 to 2028 and is expected to reach USD 221.47 million by 2028. The medical waste accumulated in selected countries is expected to drive the medical device reprocessing market.
A medical device is any device intended to be used for medical purposes. The difference between medical devices from an everyday device is its intended use. Medical device helps in diagnosis, treating and improving the health of the patients. Reprocessing is relating to the treatment of materials in order to make them reusable. Reprocessing is regarded as the cleaning, disinfecting, sterilizing, reconditioning, repairing and refurbishing of medical devices.
The cost-effective reprocessed medical devices are expected to boost the medical device reprocessing market. The risk of transmission of infection while using the reusable medical devices is expected to restrain the growth of the medical device reprocessing market. Environment sustainability and permanence regarding the reprocessed medical devices is expected to provide opportunity for the medical device reprocessing market. Lack of defined standards is expected to pose a challenge to the medical device reprocessing the market.
The medical device reprocessing market report provides details of market share, new developments, and impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the medical device reprocessing market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Medical Device Reprocessing Market Scope and Market Size
The medical device reprocessing market is categorized into six notable segments which are based on the type, product & service, process, devices type, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the medical device reprocessing market is segmented into enzymatic and non-enzymatic detergent. In 2021, the enzymatic segment is expected to dominate the medical device reprocessing market due to the rise in pressure to reduce the volume of regulated medical waste and minimize healthcare expenditure.
- On the basis of product & services, the medical device reprocessing market is segmented into reprocessing support and services and reprocessed medical devices. In 2021, the reprocessed medical devices segment is expected to dominate the medical device reprocessing market as these reprocessed medical devices lead to significant savings in the healthcare sector, help in minimizing the infection and are equally efficient as the original device.
- On the basis of process, the medical device reprocessing market is segmented into presoak, manual cleaning, automatic cleaning and disinfection. In 2021, the automatic cleaning segment is expected to dominate the medical device reprocessing market due to the rise in pressure to reduce volume of regulated medical waste.
- On the basis of devices type, the medical device reprocessing market is segmented into critical devices, semi-critical devices and non-critical devices. In 2021, the semi-critical segment is expected to dominate the medical device reprocessing market due to the rise in medical waste and hospital infections.
- On the basis of application, the medical device reprocessing market is segmented into devices and accessories. In 2021, the devices segment is expected to dominate the medical device reprocessing market as these devices leads to significant savings in the healthcare sector.
- On the basis of end user, the medical device reprocessing market is segmented into hospitals, clinics, home healthcare, diagnostic centers, manufacturers, ambulatory surgical centers and others. In 2021, the hospitals segment is expected to dominate the medical device reprocessing market due to the increase in sudden adaptation and demand of reprocessed medical devices in hospitals.
Middle East and Africa Medical Device Reprocessing Market Country Level Analysis
Middle East and Africa medical device reprocessing market is analysed and market size information is provided by the country, type, product & service, process, devices type, application and end user as referenced above.
The countries covered in the Middle East and Africa medical device reprocessing market report are the South Africa and Rest of Middle East and Africa.
South Africa is expected to dominate in the Middle East and Africa medical device reprocessing market and growing with the substantial growth rate in the forecast period of 2021 to 2028 as Middle East and Africa countries are major developing countries and focus on increasing R&D activities in pharma and biotech sector and increased outsourcing services.
The country section of the 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 new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Strategic Initiatives by Manufacturers is creating new opportunities for Players in the Medical Device Reprocessing Market
The medical device reprocessing market also provides you with detailed market analysis for every country growth in medical device reprocessing management product sales, impact of advancement in the research and development with changes in regulatory scenarios with their support for 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, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Middle East and Africa medical device reprocessing market.
The major companies covered in the Middle East and Africa medical device reprocessing market report are Stryker, General Electric, Johnson & Johnson Services, Inc., 3M, Olympus Corporation, STERIS, Medtronic, Avante Health Solutions, SOMA TECH INTL, NEScientific, Inc., Cardinal Health among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the medical device reprocessing market.
For instance,
- In March 2021, General Electric announced that they are launching their unveiled Venue Fit, a streamlined and compact POCUS system, alongside an industry-first AI offering for cardiac imaging on the Venue and Venue Go. This will help the company to increase its sales.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the medical device reprocessing market which also provides the benefit for organisation to improve their offering for medical device reprocessing management.
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