Medical Device Reprocessing Market
Medical Device Reprocessing Market Analysis By Product & Service (Reprocessing Support & Services, Reprocessing Medical Devices), By Device (Catheters, Laparoscopy Instruments, Biopsy Instruments, Endoscopy Instruments), By Application & Regions - Global Market Insights 2021 to 2031
Analysis of Medical Device Reprocessing market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Medical Device Reprocessing Market Outlook
The global medical device reprocessing market was valued at US$ 1.4 Billion in 2020, and is expected to accelerate at a CAGR of 16% to top US$ 3 Billion by 2031. Demand for reprocessing support and services to surge at a CAGR of 15% across the assessment period of 2021 to 2031.
| Report Attribute | Detail |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Key Market Segments Covered | Product & Service; Device; Application; Region |
| Key Companies Profiled | Stryker Corporation; Johnson & Johnson; Vanguard AG; Medline ReNewal; Medtronic plc; SteriPro; Pioneer Medical Devices AG; Vascular Solutions; HYGIA Health Services; ReNu Medical; SureTek Medical; Centurion Medical Products Corporation. |
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Revenue Analysis of Medical Device Reprocessing from 2016 to 2020 Vs Demand Outlook for 2021 to 2031
As per Fact.MR - a market research and competitive intelligence provider, the global medical device reprocessing market expanded 1.75X over the past 5 years to reach a valuation of US$ 1.4 Bn in 2020.
Key factors driving growth of this market include low prices of reprocessed devices as compared to new ones and pressure to reduce the volume of medical waste generated.
Reprocessed medical devices offer reliable patient care, with additional savings in hospital expenditure as well as advantages to environment. As several hospitals globally find ways to reduce healthcare expenditure, there are several third-party firms, distributors as well as product manufacturers, providing reprocessing programs suited for some medical devices.
This network is strengthening in developing economies as they provide more opportunities for reprocessed medical devices businesses due to high unmet needs.
Cost of reprocessed devices can be nearly half that of new devices, and, as such, opting for reprocessed devices can result in huge cost savings. The healthcare industry is anticipated to save billions of dollars yearly through reprocessing.
Hence, demand for medical device reprocessing has fairly increased over the past few years and is expected to maintain the upward trend across the assessment period surging at a CAGR of 16%.
How Will Patient Preference Towards Reprocessed Medical Devices Create Growth Opportunities for Market Players?
Increasing number of hospitals with well-equipped medical devices and surgical equipment, especially in developed countries, will boost market expansion.
Availability of advanced healthcare infrastructure along with presence of skilled professionals in hospital settings will further augment the overall market revenue. Also, rising demand for reprocessed medical devices for conducting cost-efficient medical procedures to benefit patients with low-income will propel market growth.
Many patients with low-income prefer reprocessed medical devices over single use devices as this reduces overall hospital expenditure to almost half the original amount.
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Which Region is Expected to Offer the Most Lucrative Opportunities to Medical Device Reprocessing Service Providers?
North America holds 42% share of the global market for medical device reprocessing.
Rising preference among healthcare professionals regarding improvised reprocessed medical devices is boosting market growth. Surging cases of cancer and other chronic disorders in the region is expected to raise demand for reprocessed medical devices.
The European region is also expected to witness high demand for reprocessed medical devices during the forecast period. This is on the back of rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and growing awareness about the usage of reprocessed medical devices.
Country-wise Analysis
Will FDA Regulations for Medical Device Reprocessing in the U.S. Aid Regional Market Growth?
In the U.S., the market for medical device reprocessing reached a valuation of US$ 323 Mn in 2020. The U.S. Food and Drug Administration (FDA) requires third-party reprocessors to meet the same standards as originally manufactured single-use devices.
Reprocessing is a common practice in the U.S. where hospitals prefer to reprocess single-use devices. Around 45% of hospitals have agreements with third-party reprocessing companies in the U.S. for reprocessing of medical devices. Thus, making treatment of chronic diseases more affordable for the low-income patients.
How is Changing Regulatory Scenario Favouring Medical Device Reprocessing in Different Economies?
Reprocessing practices are regulated by various regional regulatory authorities. Changing regulatory scenario favouring medical device reprocessing in a number of countries such as France and Japan is expected to propel growth of this market.
For example, till 2016, outsourcing of medical device reprocessing was prohibited in France; however, the European Union (EU) Regulations (Article 17), released on April 5, 2017, mandated the use of third-party reprocessing services by all French hospitals. These regulations are expected to be implemented in France for 2021 and beyond.
Similarly, Japan does not currently have any regulations for the reprocessing of single-use medical devices. Therefore, regulatory authorities, such as the Ministry of Health, Labor and Welfare (MHLW) (Japan), in collaboration with the FDA (U.S.), are focusing on generating new medical device reprocessing guidelines for Japan. This will favour and regulate the reprocessing of medical devices in the country.
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Category-wise Analysis
Why are Reprocessed Medical Devices Extensively used in Cardiovascular Surgeries?
Revenue from cardiovascular reprocessed medical devices accounts for more than 52% market share. Introduction of cardiovascular reprocessed medical devices at low-cost have resulted in high adoption across the globe.
Also, the surging geriatric population base that is susceptible to cardiovascular disorders will fuel product demand. Low-income groups are inclined towards reprocessed medical devices given their affordable cost, which, in turn, is acting as an accelerant for market growth.
How Has COVID-19 Impacted Demand for Medical Device Reprocessing?
With the outbreak of COVID-19, physicians and patients became more concerned about their safety, hence, raising concerns about the reuse of medical devices. This negatively impacted demand for reprocessed medical devices.
To overcome these safety concerns, reassuring steps such as sterilization and microbial testing of reprocessed medical devices were made mandatory by various regulatory authorities.
Competitive Landscape
Major companies are focusing on strategies such as investments in research & development, new market initiatives, expansion of production sites and facilities, new product launches, product approvals, and patents.
- In May 2019, Medtronic announced U.S. FDA approval and launch of the Select Site C304-HIS deflectable catheter system. This system is used in processes involving His-bundle pacing (HBP). This strategic move helped the company in generating extra revenue and strengthened its position in the industry.
- In April 2019, 3M announced that it added 3M extended wear medical transfer adhesive, 4075 to its line-up of advanced adhesives for medical devices. This has enabled the company expand its product portfolio.
- In September 2018, Vanguard announced the acquisition of Pioneer Medical Devices AG to enhance reprocessing services for medical devices. This strategy assisted the company in enhancing its product portfolio in global market.
Key Segments Covered in Medical Device Reprocessing Industry Research
-
By Product & Service
- Reprocessing Support & Services
- Reprocessing Medical Devices
-
By Device
- Catheters
- Laparoscopy Instruments
- Biopsy Instruments
- Endoscopy Instruments
- Cables, Columns, Curves and Cutters
-
By Application
- Cardiology
- Gastroenterology, Urology, and Gynaecology
- Arthroscopy and Orthopaedic Surgery
- General Surgery and Anaesthesia
-
By Regions
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 6. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, By Device
- 6.1. Catheters
- 6.2. Laparoscopy Instruments
- 6.3. Biopsy Instruments
- 6.4. Endoscopy Instruments
- 6.5. Cables, Columns, Curves and Cutters
- 7. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Product & Service
- 7.1. Reprocessing Support & Services
- 7.2. Reprocessing Medical Devices
- 8. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Application
- 8.1. Cardiology
- 8.2. Gastroenterology, Urology, and Gynaecology
- 8.3. Arthroscopy and Orthopaedic Surgery
- 8.4. General Surgery and Anaesthesia
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 11. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 12. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. South Asia & Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Stryker Corporation
- 17.2. Johnson & Johnson
- 17.3. Vanguard AG
- 17.4. Medline ReNewal
- 17.5. Medtronic plc, SteriPro
- 17.6. Pioneer Medical Devices AG
- 17.7. Vascular Solutions
- 17.8. HYGIA Health Services
- 17.9. ReNu Medical, SureTek Medical
- 17.10. Centurion Medical Products Corporation
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Device, 2016 to 2020
Table 2: Global Market Value (US$ Mn) Analysis, by Device, 2021 to 2031
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Device, 2021 to 2031
Table 4: Global Market Value (US$ Mn) Analysis, by Product & Service, 2016 to 2020
Table 5: Global Market Value (US$ Mn) Analysis, by Product & Service, 2021 to 2031
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Product & Service, 2021 to 2031
Table 7: Global Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 8: Global Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2016 to 2020
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2021 to 2031
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2021 to 2031
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 16: North America Market Value (US$ Mn) Analysis, by Device, 2016 to 2020
Table 17: North America Market Value (US$ Mn) Analysis, by Device, 2021 to 2031
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Device, 2021 to 2031
Table 19: North America Market Value (US$ Mn) Analysis, by Product & Service, 2016 to 2020
Table 20: North America Market Value (US$ Mn) Analysis, by Product & Service, 2021 to 2031
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product & Service, 2021 to 2031
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 28: Latin America Market Value (US$ Mn) Analysis, by Device, 2016 to 2020
Table 29: Latin America Market Value (US$ Mn) Analysis, by Device, 2021 to 2031
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Device, 2021 to 2031
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product & Service, 2016 to 2020
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product & Service, 2021 to 2031
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product & Service, 2021 to 2031
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 40: Europe Market Value (US$ Mn) Analysis, by Device, 2016 to 2020
Table 41: Europe Market Value (US$ Mn) Analysis, by Device, 2021 to 2031
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Device, 2021 to 2031
Table 43: Europe Market Value (US$ Mn) Analysis, by Product & Service, 2016 to 2020
Table 44: Europe Market Value (US$ Mn) Analysis, by Product & Service, 2021 to 2031
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Product & Service, 2021 to 2031
Table 46: Europe Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 47: Europe Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 52: East Asia Market Value (US$ Mn) Analysis, by Device, 2016 to 2020
Table 53: East Asia Market Value (US$ Mn) Analysis, by Device, 2021 to 2031
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Device, 2021 to 2031
Table 55: East Asia Market Value (US$ Mn) Analysis, by Product & Service, 2016 to 2020
Table 56: East Asia Market Value (US$ Mn) Analysis, by Product & Service, 2021 to 2031
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product & Service, 2021 to 2031
Table 58: East Asia Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 59: East Asia Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Device, 2016 to 2020
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Device, 2021 to 2031
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Device, 2021 to 2031
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Product & Service, 2016 to 2020
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Product & Service, 2021 to 2031
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Product & Service, 2021 to 2031
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 76: MEA Market Value (US$ Mn) Analysis, by Device, 2016 to 2020
Table 77: MEA Market Value (US$ Mn) Analysis, by Device, 2021 to 2031
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Device, 2021 to 2031
Table 79: MEA Market Value (US$ Mn) Analysis, by Product & Service, 2016 to 2020
Table 80: MEA Market Value (US$ Mn) Analysis, by Product & Service, 2021 to 2031
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Product & Service, 2021 to 2031
Table 82: MEA Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 83: MEA Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 4: Global Market Incremental $ Opportunity, 2021 to 2031
Figure 5: Global Market Share and BPS Analysis by Device, 2021 & 2031
Figure 6: Global Market Y-o-Y Growth Projections by Device, 2021 to 2031
Figure 7: Global Market Attractiveness Analysis by Device, 2021 to 2031
Figure 8: Global Market Share and BPS Analysis by Product & Service, 2021 & 2031
Figure 9: Global Market Y-o-Y Growth Projections by Product & Service, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Product & Service, 2021 to 2031
Figure 11: Global Market Share and BPS Analysis by Application, 2021 & 2031
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by Application, 2021 to 2031
Figure 14: Global Market Share and BPS Analysis by Region, 2021 & 2031
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 20: North America Market Incremental $ Opportunity, 2021 to 2031
Figure 21: North America Market Share Analysis by Country, 2021 & 2031
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 24: North America Market Share and BPS Analysis by Device, 2021 & 2031
Figure 25: North America Market Y-o-Y Growth Projections by Device, 2021 to 2031
Figure 26: North America Market Attractiveness Analysis by Device, 2021 to 2031
Figure 27: North America Market Share and BPS Analysis by Product & Service, 2021 & 2031
Figure 28: North America Market Y-o-Y Growth Projections by Product & Service, 2021 to 2031
Figure 29: North America Market Attractiveness Analysis by Product & Service, 2021 to 2031
Figure 30: North America Market Share and BPS Analysis by Application, 2021 & 2031
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 32: North America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 36: Latin America Market Incremental $ Opportunity, 2021 to 2031
Figure 37: Latin America Market Share Analysis by Country, 2021 & 2031
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 39: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 40: Latin America Market Share and BPS Analysis by Device, 2021 & 2031
Figure 41: Latin America Market Y-o-Y Growth Projections by Device, 2021 to 2031
Figure 42: Latin America Market Attractiveness Analysis by Device, 2021 to 2031
Figure 43: Latin America Market Share and BPS Analysis by Product & Service, 2021 & 2031
Figure 44: Latin America Market Y-o-Y Growth Projections by Product & Service, 2021 to 2031
Figure 45: Latin America Market Attractiveness Analysis by Product & Service, 2021 to 2031
Figure 46: Latin America Market Share and BPS Analysis by Application, 2021 & 2031
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 48: Latin America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 52: Europe Market Incremental $ Opportunity, 2021 to 2031
Figure 53: Europe Market Share Analysis by Country, 2021 & 2031
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 55: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 56: Europe Market Share and BPS Analysis by Device, 2021 & 2031
Figure 57: Europe Market Y-o-Y Growth Projections by Device, 2021 to 2031
Figure 58: Europe Market Attractiveness Analysis by Device, 2021 to 2031
Figure 59: Europe Market Share and BPS Analysis by Product & Service, 2021 & 2031
Figure 60: Europe Market Y-o-Y Growth Projections by Product & Service, 2021 to 2031
Figure 61: Europe Market Attractiveness Analysis by Product & Service, 2021 to 2031
Figure 62: Europe Market Share and BPS Analysis by Application, 2021 & 2031
Figure 63: Europe Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 64: Europe Market Attractiveness Analysis by Application, 2021 to 2031
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 68: East Asia Market Incremental $ Opportunity, 2021 to 2031
Figure 69: East Asia Market Share Analysis by Country, 2021 & 2031
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 71: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 72: East Asia Market Share and BPS Analysis by Device, 2021 & 2031
Figure 73: East Asia Market Y-o-Y Growth Projections by Device, 2021 to 2031
Figure 74: East Asia Market Attractiveness Analysis by Device, 2021 to 2031
Figure 75: East Asia Market Share and BPS Analysis by Product & Service, 2021 & 2031
Figure 76: East Asia Market Y-o-Y Growth Projections by Product & Service, 2021 to 2031
Figure 77: East Asia Market Attractiveness Analysis by Product & Service, 2021 to 2031
Figure 78: East Asia Market Share and BPS Analysis by Application, 2021 & 2031
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 80: East Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2021 to 2031
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2021 & 2031
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Device, 2021 & 2031
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Device, 2021 to 2031
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Device, 2021 to 2031
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Product & Service, 2021 & 2031
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Product & Service, 2021 to 2031
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Product & Service, 2021 to 2031
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Application, 2021 & 2031
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Application, 2021 to 2031
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 100: MEA Market Incremental $ Opportunity, 2021 to 2031
Figure 101: MEA Market Share Analysis by Country, 2021 & 2031
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 103: MEA Market Attractiveness Analysis by Country, 2021 to 2031
Figure 104: MEA Market Share and BPS Analysis by Device, 2021 & 2031
Figure 105: MEA Market Y-o-Y Growth Projections by Device, 2021 to 2031
Figure 106: MEA Market Attractiveness Analysis by Device, 2021 to 2031
Figure 107: MEA Market Share and BPS Analysis by Product & Service, 2021 & 2031
Figure 108: MEA Market Y-o-Y Growth Projections by Product & Service, 2021 to 2031
Figure 109: MEA Market Attractiveness Analysis by Product & Service, 2021 to 2031
Figure 110: MEA Market Share and BPS Analysis by Application, 2021 & 2031
Figure 111: MEA Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 112: MEA Market Attractiveness Analysis by Application, 2021 to 2031
- FAQs -
What is the current global market valuation of medical device reprocessing?
The global medical device reprocessing market is currently worth more than US$ 1.4 Billion .
What is the expected growth rate of the market for medical device reprocessing over the next 10 years?
The market for medical device reprocessing is expected to accelerate at a CAGR of 16% across the forecast period.
Which are the key factors driving demand for medical device reprocessing?
Trend of adoption of low-priced reprocessed medical devices and elevated efforts for reducing regulated medical waste (RMW) are driving market growth.
Which are the top companies providing medical device reprocessing?
Major players in the industry are Stryker Corporation, Johnson & Johnson, Vanguard AG, Medline ReNewal, Medtronic plc, SteriPro Inc., and Pioneer Medical Devices AG.
Which region is generating highest revenue from medical device reprocessing?
North America holds 42% of the global revenue share in this market.
Which application of reprocessed medical devices accounts for a high market share?
Cardiovascular reprocessed medical devices account for around 52% of the total market share.
Medical Device Reprocessing Market