The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies.
The reprocessing support and services segment is expected to grow at the highest CAGR
On the basis of product and service, the medical device reprocessing market is segmented into reprocessing support & service and reprocessed medical devices. The reprocessing support and services segment is expected to witness the highest growth during the forecast period. The growth of this segment is mainly due to the growing preference of third-party reprocessing of medical devices by hospitals, clinics, surgical centers, clinical pathologies, and other healthcare organizations, over in-house reprocessing practices.
Global Medical Device Reprocessing Market is projected to grow at a CAGR of +15% according to new research
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The catheters segment to dominate the global medical device reprocessing market during the forecast period
Based on the type of medical device, the medical device reprocessing market is further classified into catheters; laparoscopic instruments; biopsy instruments; endoscopy instruments; cables, columns, curves, and cutters; and other reprocessed medical devices. The catheters segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased utilization of reprocessed cardiology catheters, electrophysiology catheters, and diagnostic catheters in recent years.
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The cardiology segment is projected to grow at the highest CAGR during the forecast period.
Based on application, the medical device reprocessing market is further segmented into cardiology; gastroenterology, urology, and gynecology; arthroscopy and orthopedic surgery; and general surgery and anesthesia. During the forecast period, the cardiology segment is expected to grow at the highest CAGR. This growth is mainly due to the increased utilization of reprocessed medical devices during cardiology procedures, growing prevalence of cardiovascular diseases, increasing number of cardiology procedures across the globe, and rising utilization of reprocessed cardiac catheters. Based on application, the market is segmented into cardiology; gastroenterology, urology, and gynecology; arthroscopy and orthopedic surgery; and general surgery and anesthesia. In 2016, the cardiology segment accounted for the largest share and is expected to grow at the highest CAGR during the forecast period.
This report presents a 360-degree overview of the competitive scenario of the Global Medical Device Reprocessing market. The report further projects the size and valuation of the global market in the coming forecast period. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market’s future growth prospects.
All-inclusive market data concerning the crucial elements and segment of the global Medical Device Reprocessing market that can influence the growth prospects of the market are mentioned. The report includes massive data relating to the recent product and technological developments observed in the market, complete with an analysis of the impact of these advancements on the market’s future development. The report analyzes the entire demand and supply chain in the global market and further studies the various components.
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