Reprocessed Medical Devices Market size to exceed USD 3bn by 2025

Reprocessed Medical Devices Market size is set to exceed USD 3 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Favorable regulatory scenario for minimizing the risk of infection from reusable devices drives the reprocess medical device demand. Reusable devices get contaminated and soiled with microorganisms, thus can cause serious infections leading to death. As a result of several such factors and to reduce Health Care-Associated Infections (HAIs) FDA has undertaken various initiatives for effective patient management. Additionally, FDA raises awareness of public health concerns and promotes collaboration among manufacturers and health care facilities. Thus, above mentioned aspects augment reprocessed medical devices business growth.

 

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Growing usage of reprocessed products in various cardiac surgeries coupled with growing blood pressure monitoring applications should propel medical device reprocessing market growth. Blood pressure cuffs are extensively used in blood pressure monitoring, as it can be reprocessed again for monitoring. Moreover, usage of blood pressure cuffs in hospitals and ambulatory surgical centers proves beneficial for the reprocess medical device business growth. However, increasing surgical site infections (SSI) due to improper sterilization may restrict reprocessed medical devices industry growth over the coming years.
 

Reprocessed Medical Devices Market

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Cardiovascular medical devices segment was valued over 700 million in 2018 and will witness momentous growth during forthcoming years. Rising prevalence of cardiovascular diseases and relatively affordable costs of cardiovascular reprocessed medical devices boosts segmental growth. Advancements and availability in electrophysiology cables, diagnostic electrophysiology catheters, cardiac stabilization and positioning devices further accelerates reprocess medical device business growth.
 

Hospitals segment accounted for around 63% revenue share in 2018 and will show substantial CAGR by 2025. Well-developed healthcare infrastructure and accessibility of wide-ranging services coupled with reimbursement policies stimulate segmental growth. Moreover, government implements certain initiatives and provide funds to hospitals that are covered under public sector for better patient outcome that will upsurge the medical device reprocessing business growth. Also, reprocessed devices provide reliable patient care, with additional savings in hospital expenditure and advantages to environment this further drives the reprocessed medical devices business growth.
 

Browse key industry insights spread across 160 pages with 175 market data tables & 7 figures & charts from the report, “Reprocessed Medical Devices Market Size By Product (Cardiovascular Medical Devices, [Blood Pressure Cuffs/Tourniquet Cuffs, Electrophysiology Cables, Cardiac Stabilization and Positioning Devices, Diagnostic Electrophysiology Catheters, Deep Vein Compression Sleeves (DVT)], Gastroenterology and Urology, [Gastroenterology Biopsy Devices, Urology Biopsy Devices], Orthopedic/Arthroscopic, Laparoscopic [Harmonic Scalpels, Endoscopic Trocars and Components], General Surgery Equipment [Infusion Pressure Bags, Balloon Inflation Devices]), By End-use (Ambulatory Surgical Centers, Hospitals, Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Argentina, Brazil, Mexico, Saudi Arabia, South Africa, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/reprocessed-medical-devices-market
 

North America reprocessed medical devices market was valued more than USD 600 million in 2018. Increasing need to lessen potential damage and waste generation in the environment owing to rising waste landfills should drive regional growth. Developments and improvement in the reprocessed medical devices fosters the business growth. Moreover, key industry players inculcate advanced technology resulting in superior quality of reprocessed devices that reduces the chance of surgical site infections is expected to favor regional growth.  
 

Some of the prominent business players working in reprocessed medical devices market include Stryker, GE Healthcare, Medline Industries, Innovative Health, Ethicon, ReNu Medical, SureTek Medical, Vanguard, Medtronic, Teleflex and Soma Technology. Numerous initiatives undertaken by manufacturers including collaborations and mergers should propel industry growth. For instance, in April 2018, Medline opened a plant in Texas, specialized in producing custom surgical procedural trays. It will enable hospitals and ambulatory surgery centers in optimizing operating room inventory, improve efficiency & drive improved patient outcomes. Furthermore, in March 2017, Ethicon completed acquisition of Torax Medical, a privately held company. This acquisition provided Ethicon with expanded opportunities for minimally invasive products. The strategy was aimed at enhancing company’s existing product portfolio as well as strengthening its market position.
 

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Reprocessed Medical Devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
 

Reprocessed Medical Devices Market By Product, 2014-2025 (USD Million)

  • Cardiovascular Medical Devices
  • Blood Pressure Cuffs/Tourniquet Cuffs
  • Electrophysiology Cables
  • Cardiac Stabilization and Positioning Devices
  • Diagnostic Electrophysiology Catheters
  • Deep Vein Compression Sleeves (DVT)
  • Gastroenterology and Urology
  • Gastroenterology Biopsy Devices
  • Urology Biopsy Devices
  • Orthopedic/Arthroscopic
  • Laparoscopic
  • Harmonic scalpels
  • Endoscopic Trocars and Components
  • General Surgery Equipment
  • Infusion Pressure Bags
  • Balloon Inflation Devices

By End-use, 2014-2025 (USD Million)

  • Ambulatory Surgical Centers
  • Hospitals
  • Clinics

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East Asia & Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

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