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Global Medical Device Reprocessing Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Medical Device Reprocessing Market, By Type (Enzymatic, Non-Enzymatic Detergent), Product and Service (Reprocessing Support and 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) – Industry Trends and Forecast to 2029

Medical Device Reprocessing Market

Global Medical Device Reprocessing Market Analysis and Size

The market for medical device reprocessing is estimated to increase rapidly over the forecast period. Medical professionals can use the same gadget to treat multiple patients with reusable medical devices. Though the concept is intriguing, reusable devices are typically contaminated by biological debris, resulting in severe contamination. Microbes can avoid disinfection, resulting in dangerous illnesses connected with healthcare. As a result, the gadget must be "reprocessed," which entails a multistep disinfection procedure. Medical device reprocessing involves cleaning, disinfecting, examining, and sterilizing the equipment. The device that has been reconditioned can now be utilized in patients. Reprocessing lowers the cost of the original device by 40-60%.

  • Data Bridge Market Research analyses that the medical device reprocessing market was valued at USD 3,074.05 million in 2021 and is expected to reach USD 10,502.6 billion by 2029, registering a CAGR of 16.60% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Medical Device Reprocessing Market Definition

Any gadget designed to be used for medical reasons is referred to as a medical device. The intended usage of medical equipment differs from that of common devices. Medical devices aid in diagnosing, treating, and improving patients' health. The treatment of materials to make them reusable is referred to as reprocessing. Cleaning, disinfecting, sterilizing, reconditioning, mending, and refurbishing medical devices are all considered reprocessing.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Enzymatic, Non-Enzymatic Detergent), Product and Service (Reprocessing Support and 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)

Countries Covered

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.

Market Players Covered

Stryker (US), Cardinal Health (US), Medline Industries, Inc. (US), Johnson & Johnson Private Limited (US), Baxter (US), 3M (US), Cantel Medical (US), STERIS (US), EverX (US), Vanguard AG (US), Avante Health Solutions (US), SteriPro (Canada), Getinge AB (Sweden), SureTek Medical (US), SOMA TECH INTL (US), Renu Medical (US), INNOVATIVE HEALTH (Arizona), Olympus Corporation (Japan), Medtronic (Ireland), Pioneer Medical Devices AG (Germany), HYGIA Health Services, Inc. (U.S.)

Medical Device Reprocessing Market Dynamics

Drivers

  • Increasing demand for reprocessed medical devices due to their lower cost use will drive the market’s growth rate

The remanufactured medical device is 40% to 60% less expensive than the original. As a result, they are available at very low rates, and the adoption of these low-cost solutions saves companies a significant amount of money, propelling the medical device reprocessing market forward.

  • Rising prevalence rate of chronic disorders will propel the growth rate of market during the forecast period

The rising prevalence rate of chronic disorders influences the market dynamics during the forecast period. As the frequency of chronic diseases rises, so does the number of surgical procedures, fueling the expansion of the medical device reprocessing market.

Furthermore, the favourable regulatory landscape regarding sustainable waste disposal methods will influence the growth of medical device reprocessing market. Along with this, increasing use of reprocessed products in various cardiac surgeries and blood pressure monitoring applications is the driving factor, accelerating the growth of the medical device reprocessing market. Also, the rising geriatric population and increasing level of disposable income will enhance the market’s growth rate. Increasing expenditure on healthcare infrastructure is the major market drivers that will further escalate the growth of medical device reprocessing market.

Opportunities

  • Growing number of R&D activities will boost many market opportunities during the forecast period. 

Moreover, the rising number of research and development activities will benefit medical device reprocessing market growth.

Moreover, the trending bio-banking scenarios and the increasing number of emerging markets will provide beneficial opportunities for the medical device reprocessing market growth during the forecast period. Increase in outsourcing medical device reprocessing and growing involvement of medical device reprocessing workflow will boost the market’s growth rate.

Restraints/Challenges Global Medical Device Reprocessing Market

  • Increasing risk of surgical site infections will hamper the market’s growth rate.

However, the use of reprocessed devices poses a danger of surgical site infection transmission, which is impeding the market. Also, the reprocessing procedure is a complicated and technological process that could hinder the medical device reprocessing market's growth.

On the other hand, strict regulations for medical device reprocessing practices will challenge the medical device reprocessing market. Additionally, the emergence of unfavorable conditions due to COVID-19 outbreak and lack of awareness will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.

This 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 localized 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.

COVID-19 Impact on Medical Device Reprocessing Market

The demand for medical products to treat infected people has increased. The most commonly used medical equipment in primary clinical care are respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors. Furthermore, COVID-19 has resulted in a significant increase in demand for medical goods such as masks, gloves, and protective spectacles. Because of the surge in the number of COVID-19 cases worldwide, the demand for medical supplies has increased dramatically among healthcare professionals and the general public. Manufacturers of these items have an opportunity to take advantage of the rising demand for medical supplies to assure a steady supply of personal protective equipment on the market. COVID 19 is thus predicted to have a major impact on the worldwide medical device reprocessing market.

Recent Development

  • In April 2021, Stryker had announced a multiyear national relationship with minor league baseball, naming the medical device business as the official smart robotics joint replacement partner. This collaboration provides a strong platform for future growth and reputation.

Global Medical Device Reprocessing Market Scope

The medical device reprocessing market is segmented on the basis of type, product and service, process, devices type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Enzymatic
  • Non-Enzymatic Detergent

On the basis of type, the global medical device reprocessing market is segmented into enzymatic and non-enzymatic detergent. In 2021, the enzymatic segment is expected to dominate the global medical device reprocessing market due to the rise in pressure to reduce the volume of regulated medical waste and minimize healthcare expenditure.

Product and Service

  • Reprocessing Support and Services
  • Reprocessed Medical Devices

On the basis of product and services, the global 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 global 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.

Process

  • Presoak
  • Manual Cleaning
  • Automatic Cleaning
  • Disinfection

On the basis of process, the global 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 global medical device reprocessing market due to the rise in pressure to reduce volume of regulated medical waste.

Devices Type

  • Critical Devices
  • Semi-Critical Devices
  • Non-Critical Devices

On the basis of devices type, the global 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 global medical device reprocessing market due to the rise in medical waste and hospital infections

Application

  • Devices
  • Accessories

On the basis of application, the global medical device reprocessing market is segmented into devices and accessories. In 2021, the devices segment is expected to dominate the global medical device reprocessing market as these devices leads to significant savings in the healthcare sector.

End User

  • Hospitals
  • Clinics
  • Home Healthcare
  • Diagnostic Centers
  • Manufacturers
  • Ambulatory Surgical Centers
  • Others

On the basis of end user, the global medical device reprocessing market is segmented into hospitals, clinics, home healthcare, diagnostic centers, manufacturers, ambulatory surgical centres’ and others. In 2021, the hospitals segment is expected to dominate the global medical device reprocessing market due to the increase in sudden adaptation and demand of reprocessed medical devices in hospitals

Medical Device Reprocessing Market Regional Analysis/Insights

The medical device reprocessing market is analysed and market size insights and trends are provided by country, type, product and service, process, devices type, application and end user 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 because of major key players with high GDP in this region. Additionally, surging involvement PDA guidelines and trending medical reprocessed devices scenario will flourish the market’s growth rate in this region. 

Asia-Pacific is expected to grow during the forecast period due to technological advancement fir automation and rapidly rising product usage in this region.

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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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, 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 2010-2020.

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.

Some of the major players operating in the medical device reprocessing market Stryker (US), Cardinal Health (US), Medline Industries, Inc. (US), Johnson & Johnson Private Limited (US), Baxter (US), 3M (US), Cantel Medical (US), STERIS (US), EverX (US), Vanguard AG (US), Avante Health Solutions (US), SteriPro (Canada), Getinge AB (Sweden), SureTek Medical (US), SOMA TECH INTL (US), Renu Medical (US), INNOVATIVE HEALTH (Arizona), Olympus Corporation (Japan), Medtronic (Ireland), Pioneer Medical Devices AG (Germany), HYGIA Health Services, Inc. (U.S.), among others.

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 analyzed and estimated 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 inquiry.

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, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-medical-device-reprocessing-market


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Frequently Asked Questions

The Market Value for Medical Device Reprocessing Market is expected USD 10,502.6 billion by 2029.
The Medical Device Reprocessing Market is to Grow at a CAGR of 16.60% During the Forecast Period of 2022 to 2029.
Stryker (US), Cardinal Health (US), Medline Industries, Inc. (US), Johnson & Johnson Private Limited (US), Baxter (US), 3M (US), STERIS (US), EverX (US), Vanguard AG (US), Avante Health Solutions (US), SteriPro (Canada), Getinge AB (Sweden), Olympus Corporation (Japan), Medtronic (Ireland), are the major companies operating in Medical Device Reprocessing Market.
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.
The Medical Device Reprocessing Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.