Global Medical Device Reprocessing Market By Product Type {Reprocessed Device (Catheter, Endoscope, Laparoscopic Instruments, Biopsy, Pulse Oximeter), Service}, Application (Cardiology, Gastroenterology, Arthroscopy, Orthopedic, General Surgery, Anesthesia), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Community Healthcare, Diagnostic Laboratories, Others), Geography (North America, South America, Europe, Asia-Pacific, and Middle East and Africa)
The global medical device reprocessing market is expected to grow at a CAGR of 14.90% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Insights
The growth of this market is majorly driven by increasing number of surgical procedures, growing prevalence of chronic diseases, use of the low priced reprocessed medical devices as compared to new devices and increasing pressure to reduce medical waste due to environmental concerns. Various regional regulatory authorities are regulating the reprocessing practices. Due to the changing regulatory scenario for medical devices many new opportunities have come up for the market players in countries such as France and Japan. Lack of proper disposal mechanisms along with the continuous increase of medical waste is also the major driver for the medical devices reprocessed market. The increasing investments by the companies from India and China will boost the market in APAC with substantial growth.
The global medical device reprocessing market is segmented based on product type, application, end user, and geography.
Based on product type the global medical device reprocessing market is segmented into reprocessed device and service. Reprocessed device is further segmented into catheter, endoscope, laparoscopic instruments, biopsy and pulse oximeter.
On the basis of application, the global medical device reprocessing market is classified into cardiology, gastroenterology, arthroscopy, orthopedic, general surgery, and anesthesia.
On the basis of end user, the global medical device reprocessing market is segmented into hospitals, clinics, ambulatory surgical centers, community healthcare, diagnostic laboratories and others.
Based on geography, the global pharmaceutical packaging equipment market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and, Brazil among others. In 2017, North America is expected to dominate the market.
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The global medical device reprocessing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical device reprocessing market for global, Europe, North America, Asia Pacific and South America.
Based on geography the Global Medical Device Reprocessing Market is segmented into:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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Some of the major companies operating in this market are:
- Stryker Corporation
- Johnson & Johnson
- VANGUARD AG
- Medline ReNewal
- Medtronic plc
- SteriPro
- Pioneer Medical Devices
- VASCULAR SOLUTIONS, INC.
- HYGIA Health Services
- ReNu Medical
- SureTek Medical
- Centurion Medical Products
- Agito Medical A/S
- Innovative Health Llc.
- Nescientific Inc.
- Rene Medical Inc.
- ReNu Medical Inc.
- Synergy Health plc
- GE Healthcare
- Midwest Reprocessing Centre
- Siemens Healthcare GmbH
- Soma Technology, Inc.
- Steril Med Inc.
The global medical device reprocessing market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America medical device reprocessing market.
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Report Access: http://databridgemarketresearch.com/reports/medical-devices/healthcare-manufacturing/global-medical-instruments-disinfections-market-trends-forecast-2024/
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