Medical device reprocessing market is estimated to grow at a CAGR of 16.3% from 2017 to 2022, to reach USD 1,754.0 million by 2022.
North America held the largest share of the global medical device reprocessing market in 2016, while Europe is expected to witness the highest growth during 2017 to 2022. Growing healthcare expenditure, rising geriatric population, increasing number of surgical procedures associated with growing prevalence of chronic diseases, and rising awareness about the utilization of reprocessed medical devices are the key factors responsible for the growth of this market in the European region. Inquire For Complete Report Copy of Medical Device Reprocessing Market by Product (Reprocessed Device (Catheter, Endoscope, Laparoscopic Instruments, Biopsy, Pulse Oximeter), Service), Application (Cardiology, Gastroenterology, Arthroscopy, Orthopedic, Anesthesia) – Global Forecast to 2022 http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1079584
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.
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.
Target Audience Include Medical Device Reprocessing Market Report:
- Third-party medical device reprocessors and distributors
- Hospitals, clinics, and other healthcare laboratories
- Academic and research institutions
- Government associations
- Market research and consulting firms
- Venture capitalists and investors
“Medical Device Reprocessing Market” spread across 145 pages, profiling 12 companies and supported with 75 tables and 24 figures is now available Discount on at http://www.rnrmarketresearch.com/contacts/discount?rname=1079584
Top 12 Companies Analyzed for Medical Device Reprocessing Market are – Stryker Corporation (U.S.), Johnson & Johnson (U.S.), Vanguard AG (Germany), Medline ReNewal (U.S.), Medtronic plc (Ireland), SteriPro Canada, Inc., Pioneer Medical Devices AG (Germany), Vascular Solutions, Inc. (U.S.), HYGIA Health Services, Inc. (U.S.), ReNu Medical, Inc. (U.S.), SureTek Medical (U.S.), and Centurion Medical Products Corporation (U.S.).
Fundamental Key Point from Table of Content:
Low Prices of Reprocessed Medical Devices
Pressure to Reduce Volume of Regulated Medical Waste
Risk of Surgical Site Infections
Regulatory Changes Favoring the Adoption of Medical Device Reprocessing
Stringent Regulations for Medical Device Reprocessing Practices
Global Medical Device Reprocessing Market, By Product & Service
Reprocessing Support and Services
Reprocessed Medical Devices
Global Medical Device Reprocessing Market, By Type of Medical Device
Cables, Columns, Curves, and Cutters
Other Reprocessed Medical Devices
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Global Medical Device Reprocessing Market, By Application
Gastroenterology, Urology, and Gynecology
Arthroscopy and Orthopedic Surgery
General Surgery and Anesthesia
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