Medical Device Reprocessing Market Overview
Market Research Future (MRFR) revealed that the Global Medical Device Reprocessing Market 2020 through the study period till 2025. The worldwide medical device reprocessing market is expected to rise at 16.4% CAGR across the review period. The global medical device reprocessing market can earn about USD 2,671.8 Mn by 2025. The increase in need for medical device reprocessing to boost safe reuse, disinfection, sterilization, and related procedures to offer highly effective treatment to people to can bolster the market expansion.
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Low cost of waste disposal and reduction in medical waste are other causes that are can promote the market across the review period. However, risks associated with reprocessed medical devices and their technicalities often raises concerns about a patient’s safety, environment, and work ethics. Thus, these can restrain the medical reprocessing market across the review period.
Medical Device Reprocessing Market Segmentation
The segment assessment for the Global Medical Device Reprocessing Market is done by Product & Service, Type of Medical Device, and Application.
The product & service-based segments of the market are reprocessing support and services, and reprocessed medical devices. The reprocessing support and services segment can hold the highest share of the market as increase in preference of customers for reprocessing solutions with reduced expenses and less environmental impact is observed to rise.
The type of medical device-based segments of the medical device reprocessing market are laparoscopy instruments, catheters, endoscopy instruments, biopsy instruments, cables, cutters, and columns.
The application-based segments of the global medical device reprocessing market are cardiology, orthopedic, general surgery, urology, and gastroenterology among others. The cardiology segment can surge as increase in the adoption of electrophysiology catheters is observed. The rise in prevalence of urological surgeries can boost the demand for medical device reprocessing, thus can support market expansion.
Medical Device Reprocessing Market Regional Study
In America, the medical device reprocessing market can thrive owing to the favorable regulatory scenario for trying safety and efficacy of medical devices in the region. The rise in prevalence of chronic ailments and surge in surgical procedures can boost the regional market in the review period. The rise in surgeries in the US can cause the country to lead the regional market in the near future. In Europe, the medical device reprocessing market is expected to surge due to decrease in reprocessed medical devices that generate medical waste. The UK can head EU market through the study period. In Asia Pacific, the market can be rise at high pace owing to increase in interest of reputed marketers and rapidly expanding healthcare infrastructure. In the Middle East & Africa region, the rapid expansion of the medical device reprocessing market can be credited to the increase in government initiatives in the healthcare sector.
In APAC, the rise in the adoption of reprocessed medical devices as they offer benefits, such as; high-cost efficiency and increase in demand for cost-effectiveness can support the market rise. The market expansion can be attributed to price drop in reprocessing processes and increase in the production of cost that involved production of original equipment and rise in need to reduce expense on disposal of medical waste.
Medical Device Reprocessing Market Key Players
Stryker Corporation (US), Vanguard AG (Germany), Medline Industries, Inc. (US), SteriPro (Canada), Block Imaging (US), ReNu Medical, Inc. (Arjo) (US), EverX Pvt Ltd (Australia), SureTek Medical (US), AGITO MEDICAL A/S (Denmark), Johnson & Johnson (US), and Medtronic PLC (Ireland) are some notable players in the global medical device reprocessing market that are recognized by MRFR. Growth strategies of these players are elaborated in the report.
Table Of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.2. Scope Of The Study
2.2.1. Research Objective
3. RESEARCH METHODOLOGY
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
5. MARKET FACTOR ANALYSIS
LIST OF TABLES
TABLE 1 GLOBAL MEDICAL DEVICE REPROCESSING MARKET SYNOPSIS, 2019–2025
TABLE 2 GLOBAL MEDICAL DEVICE REPROCESSING MARKET ESTIMATES & FORECAST, 2019–2025 (USD MILLION)
TABLE 3 GLOBAL MEDICAL DEVICE REPROCESSING MARKET, BY PRODUCT & SERVICE, 2019–2025 (USD MILLION)
TABLE 4 GLOBAL MEDICAL DEVICE REPROCESSING MARKET, BY TYPE OF MEDICAL DEVICE, 2019–2025 (USD MILLION)
TABLE 5 GLOBAL MEDICAL DEVICE REPROCESSING MARKET, BY APPLICATION, 2019–2025 (USD MILLION)
TABLE 6 GLOBAL MEDICAL DEVICE REPROCESSING MARKET, BY REGION, 2019–2025 (USD MILLION)
LIST OF FIGURES
FIGURE 1 RESEARCH PROCES
FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL MEDICAL DEVICE REPROCESSING MARKET
FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL MEDICAL DEVICE REPROCESSING MARKET
FIGURE 4 GLOBAL MEDICAL DEVICE REPROCESSING MARKET SHARE, BY PRODUCT & SERVICE, 2018 (%)
FIGURE 5 GLOBAL MEDICAL DEVICE REPROCESSING MARKET SHARE, BY TYPE OF MEDICAL DEVICE, 2018 (%)
FIGURE 6 GLOBAL MEDICAL DEVICE REPROCESSING MARKET SHARE, BY APPLICATION, 2018 (%)
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