Reprocessed Medical Devices Market Growth and key Industry Players 2017 Analysis and Forecasts to 2024

MarketStudyReport.com adds a new Reprocessed Medical Devices Market research report that provides a detailed market overview as well as industry analysis for / of companies, manufacturers and distributors covering data on gross margin, cost structure, consumption value, sale price and more.

Rising prevalence of chronic diseases that further lead to upsurge in surgical procedures drives reprocessed medical devices market during the forecast timeframe. The increasing demand for cost cutting procedures in healthcare in developed as well as developing countries similarly upsurges need for usage of reprocessed medical devices thereby, propelling business growth. To reprocess the devices aspects such as, lifecycle, efficacy, probable risk to patient and the components used for manufacturing are taken into consideration. Reprocessing of medical devices requires to comply with authenticated procedure that will render its suitability for usage. Reprocessed Medical Devices Market is set to exceed USD 3 billion by 2024; according to a new research report.

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The growing healthcare cost coupled with excessive prices of purchasing new medical devices creates requirement and demand for reprocessed medical devices this stimulates progress and development for reprocessing during the forecast timeframe. Moreover, the low price of reprocessed devices is foremost influence that encourages preference over new medical devices and is accountable for the increasing demand of reprocessed medical devices.

Constant corrosion of ecological surroundings owing to growing landfills can be reduced with help of reprocessed medical devices, such factors boost the industry growth in coming years. However, the major factor that hinders reprocessed medical devices market growth is related risks of surgical site infections with reprocessed devices.

Cardiovascular medical devices held maximum revenue share of the overall reprocessed medical devices market due to high prevalence of cardiovascular diseases and, associated high surgical procedures of heart. Moreover, increasing factors such as, lack of physical exercise, unhealthy eating habits upsurges risk of cardiovascular diseases thereby, offering immense scope of growth in future for reprocessed cardiac devices.

Hospitals accounted for largest revenue share due to increasing requirement for reprocessed medical devices that aid in medical waste management. In addition to huge wastage produced from the operating rooms requires reduction of medical waste and management of landfills every year, this can be achieved through reprocessing. Furthermore, high number of surgical procedures performed in hospitals propels reprocessed medical devices market growth.

U.S. held substantial revenue share owing to rising prevalence of heart disease, supportive regulatory framework, high number of medical products producers involved in the reprocessing programs. Moreover, encouraging governing policies along with established healthcare infrastructure upsurges reprocessed medical devices market growth during the forecast period. According to, Centers for Disease Control & Prevention (CDC) statistics updated in November 2017, nearly half of Americans have three risk factors of heart disease, these include high cholesterol, smoking, and high blood pressure.

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China and India are anticipated to grow lucratively due to increasing investments in healthcare setup by major players along with high incidences of chronic conditions such as, cardiovascular diseases that leads to cardiac surgeries. In addition, strengthening network of distributors in developing nations stimulates reprocessed medical devices market growth.

Companies operational in the reprocessed medical devices includes Stryker Sustainability, Vanguard, GE Healthcare, Vascular Solutions, SureTek Medical, Centurion Medical Products, Soma Technology, Hygia Health Services, Steril Med (Ethicon Endo-Surgery), Mediline ReNewal, Midwest Reprocessing Centre, Medtronic, ReNu Medical, Pioneer Medical Devices, Steripro Canada, and Siemens Healthcare.

Prominent players are merging their business positions by focusing on managing Regulated Medical Waste (RMW) from landfills as well as reducing costs by adopting reprocessing and thereby, increasing business revenues. Furthermore, industry players gain tremendous benefits from reprocessing programs thereby, stimulating industry growth. For instance, in 2016, Stryker's program for reprocessing assisted health systems to save approximately 299 USD million by eliminating 12.9 USD million pounds medical waste from the landfills.

Growth drivers

Favorable regulatory landscape regarding sustainable waste disposal methods

Affordable costs coupled with the strengthening network of distributors in emerging economies

Growing use of reprocessed products in numerous cardiac surgeries and blood pressure monitoring applications

Data Tables

TABLE 1.    Reprocessed medical devices industry 360 degree synopsis, 2013 - 2024

TABLE 2.    Global reprocessed medical devices market, by product, 2013 - 2024 (USD Million)

TABLE 3.    Global cardiovascular medical devices market, by region, 2013 - 2024 (USD Million)

TABLE 4.    Global gastroenterology and urology market, by region, 2013 - 2024 (USD Million)

TABLE 5.    Global orthopaedic/arthroscopic market, by region, 2013 - 2024 (USD Million)

TABLE 6.    Global laparoscopic market, by region, 2013 - 2024 (USD Million)

TABLE 7.    Global general surgery equipment market, by region, 2013 - 2024 (USD Million)

TABLE 8.    Global reprocessed medical devices market, by end use, 2013 - 2024 (USD Million)

TABLE 9.    Global ambulatory surgical centers market, by region, 2013 - 2024 (USD Million)

TABLE 10.    Global hospitals market, by region, 2013 - 2024 (USD Million)

TABLE 11.    Global clinics market, by region, 2013 - 2024 (USD Million)

TABLE 12.    North America reprocessed medical devices market, by country, 2013 - 2024 (USD Million)

TABLE 13.    North America reprocessed medical devices market, by product, 2013 - 2024 (USD Million)

TABLE 14.    North America reprocessed medical devices market, by end use, 2013 - 2024 (USD Million)

TABLE 15.    U.S. reprocessed medical devices market, by product, 2013 - 2024 (USD Million)

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Related Reports: -

Global Reprocessed Medical Devices Market by Product Type, Market, Players and Regions-Forecast to 2021

Reprocessed Medical Devices market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

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Posted by on Wednesday May 16 2018, 10:53 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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