At 15.3% CAGR Asia Pacific Reprocessed Medical Devices Market To Reach US$ 376.2 million in 2021

Overview

Reprocessed Medical Devices (RMDs) are single-use medical devices that have been used once or are no longer needed. The process involves cleaning, disinfection, testing, sterilization, packaging, and labeling. The process also involves the reuse of the original packaging and labeling. The end result is a high-quality, safe product that is ready for use again. Reprocessing single-use medical instruments is an environmentally friendly way to produce reusable devices. Reprocessed Medical Devices are a good option for hospitals that are unable to afford the costs of new devices. Most major hospital systems use these devices, which are cleaned and sterilized. In addition to the quality of the device, these devices also offer significant savings.

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Competitive Landscape

Major companies contributing to the global Asia Pacific reprocessed medical devices market include Stryker Sustainability Solutions, Hygia Health Services, Inc., ReNu Medical, Inc., NEScientific, Medline ReNewal, SureTek Medical, and Cleanpart GmbH.

Drivers

Increasing initiatives from several governments to promote adoption of these devices for reducing medical waste are expected to propel growth of the Asia Pacific reprocessed medical devices market over the forecast period.

Moreover, high prevalence of chronic diseases in parallel to the low costs of these devices is expected to aid growth of the Asia Pacific reprocessed medical devices market during the forecast period.

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Summary of the COVID-19 Aftermath

The Asia Pacific reprocessed medical devices market witnessed a steep fall in the growth graph due to the prevalence of the pandemic. Still, it’s nothing to sneeze at, as a major portion of the healthcare sector has shifted its focus on COVID infections. However, the market is foreseen to have long business legs with increasing healthcare expenditure.

Key Takeaways

• The Asia Pacific reprocessed medical devices market is anticipated to grow at a CAGR of 15.3 % during the forecast period owing to the increasing product launches in parallel to the growing cases of chronic diseases. For instance, in November 2021, the Australian reprocessed medical devices maker, Nanosonics, announced plans to expand its production capabilities through the government’s Jobs Plus initiative.
• Over the regional frontiers, China is at the vanguard’s position in the Asia Pacific reprocessed medical devices market on the heels of increasing involvement of the local government to reduce the enlarging landfills of medical waste.
• Coming in at number two this timeframe should be Australia, which is fueling the Asia Pacific reprocessed medical devices market on account of rising investments in critical medical solutions and capacity expansions of major market players.

Reasons to Purchase this Report

• Current and future of Asia Pacific Reprocessed Medical Devices Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Technique
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Impact Analysis
   • Key Developments
   • Technological Advancement
   • Regulatory Scenario
4. Asia Pacific Reprocessed Medical Devices Market, By Device Type, 2017 – 2028 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2021 and 2028 (%)
     • Y-o-Y Growth Analysis, 2018–2028
     • Segment Trends
   • Laparoscopic Devices
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
     • Segment Trends
   • Gastroenterology
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
     • Segment Trends
   • General Surgery
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
     • Segment Trends
   • Orthopedic Devices
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
     • Segment Trends
   • Cardiovascular Devices
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
     • Segment Trends
5. Asia Pacific Reprocessed Medical Devices Market, By Country, 2017 – 2028 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2021 and 2028 (%)
     • Y-o-Y Growth Analysis, 2018–2028
     • Segment Trends
       • Australia
       • New Zealand
       • China
       • India
       • South East Asia
       • Japan
       • Rest of Asia-Pacific

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