Reprocessed Medical Devices Market

Reprocessed Medical Devices Market Outlook

The consumption of reprocessed medical devices to rise at an impressive CAGR of 14.9% from 2021 to 2028. In 2020, the global reprocessed medical devices market was worth US$ 2.05 Billion , and the market is anticipated to surge to a valuation of US$ 5.9 Billion by the end of 2028.

Reusable medical devices have seen a rise in demand and preference from several healthcare institutions as they struggle to manage high costs and increasing healthcare expenditure.

Report Attributes	Details
Reprocessed Medical Devices Market Size (2020)	US$ 2.05 Billion
Projected Year Value (2028F)	US$ 5.9 Billion
Global Market Growth Rate (2021-2028)	14.9% CAGR
Key Companies Profiled	Stryker Medline Industries Inc. ReNu Medical LUMITOS AG Vanguard AG Johnson & Johnson Sterilmed Inc. Hygia Health Services Inc. Centurion Medical Products Corporation Siemens Healthcare Philips Healthcare GE Healthcare Suretech Medical Inc.

Demand Survey of Reprocessed Medical Devices (2017-2020) in Comparison to Market Growth Forecasts (2021-2028)

Increasing healthcare expenditure has led to a paradigm shift in the reprocessing of medical devices, and this trend is expected to be prevalent over the coming years as well. Focus on healthcare has bolstered across the world, and low-income economies have less spending potential, which is promoting the adoption of reusable medical devices. An increase in the popularity of reprocessed single-use medical devices is also expected to favor the shipments of reprocessed medical devices.

Increasing focus on the reduction of medical waste, rising popularity of third-party reprocessing services, growing technological advancements and innovations, and low prices of reusable medical devices are other trends that will influence reprocessed medical device consumption over the coming years.

Increasing instances of hospital-acquired infections (HAIs) across the world have increased the focus on decontamination of medical devices and sterilization of these devices. The emergence of coronavirus infections has bolstered the demand for hygiene in healthcare institutions across the globe.

Single-use medical devices are expected to see a rise in popularity across the forecast period as the focus on decontamination and sterilization increases to avoid the risk of cross-contamination and hospital-acquired infections (HAIs).

From 2021 to 2028, demand for reprocessed medical devices is projected to rise at a stellar CAGR of 14.9%.

What Factors are Driving Adoption of Reprocessed Medical Devices?

“Rising Focus on Medical Waste Reduction”

Medical waste management is one of the crucial challenges that healthcare systems across the world are struggling to tackle and with the increasing patient pool this issue is expected to be bigger in the near future. In order to reduce medical waste, multiple healthcare institutions, as well as governments, are taking initiatives to boost the use of reusable medical devices.

As demand for reprocessed medical devices will increase it will also subsequently drive the growth of third-party reprocessing services.

“Increased Demand for Reprocessed Medical Devices in Cardiovascular Surgeries”

Instances of cardiovascular diseases have increased the number of cardiovascular surgeries across the world and these surgeries have seen an extensive rise in the use of reprocessed medical devices. The low cost of these reusable cardiovascular surgery devices is expected to drive their sales.

Another factor that will drive demand in the cardiovascular surgeries segment is the increasing geriatric population that is prone to cardiovascular diseases.

How Will Sales of Reprocessed Medical Devices Perform Across Various Regions?

“North America Amounts for Majority of Reprocessed Medical Device Shipments”

The North America reprocessed medical devices market is anticipated to hold a dominant market share in the global landscape.

Favorable regulatory policies, increasing support from the government, increasing instances of cardiovascular diseases, and rising demand for medical waste management are some of the prime factors that will influence demand for reprocessed medical devices in this region. Sales of reprocessed endoscopes are expected to see a hike across the forecast period.

This region is anticipated to hold a major market share of 40% in the global reprocessed medical devices industry landscape by the end of 2028.

Demand for reprocessed medical devices is expected to be high in the regions of East Asia and South Asia owing to the rising focus on healthcare in these regions.

Developing economies in these regions are seeing a rise in healthcare expenditure, but limited spending potential of these economies is boosting the sales of reprocessed medical devices.

Increasing geriatric population and rising availability of these reusable medical devices are expected to be other factors influencing market potential in these regions.

Country-wise Insights

How Will the Reprocessed Medical Devices Market Perform in the U.S.?

“Presence of Key Reprocessed Medical Device Companies to Boost Demand”

The U.S. reprocessed medical devices market is anticipated to have a bright outlook over the forecast period owing to the increasing adoption of reprocessed medical devices that are favored by supportive regulatory policies given by the government.

Presence of key reprocessed medical device companies, the rising geriatric population, an increasing number of cardiovascular surgeries, and the good quality of reprocessed medical devices are other factors that will drive the reprocessed medical devices market potential in the nation.

What is the Reprocessed Medical Devices Market Outlook for China?

“Increasing Focus on Healthcare to Favor Market Potential”

China has seen an increase in the incidence of chronic diseases just like the rest of the world has and this has increased the focus on healthcare in the nation. Government spending on healthcare infrastructure has increased and this is expected to favour reprocessed medical devices market potential in this region.

Increasing geriatric population, the presence of robust manufacturing infrastructure, and the rising availability of reusable medical devices are other factors that will influence reprocessed medical devices market growth through 2028 in China.

Category-wise Insights

Which Device Type Will Hold a Dominant Market Share?

“Reprocessed Cardiovascular Devices to See High Demand”

The world has witnessed a substantial rise in the incidence of cardiovascular diseases and this has led to an increased demand for cardiovascular devices that are used in surgeries. The world is witnessing a growing geriatric patient pool which is more prone to suffer from cardiac conditions and this will further increase the number of surgeries performed hence driving sales of reprocessed cardiovascular devices across the world.

This segment is anticipated to account for more than 1/2 of the global reprocessed medical devices market share across the forecast period.

What Impact Did the COVID-19 Pandemic Have on Shipments of Reprocessed Medical Devices?

In 2020, as coronavirus infections plagued the world, most of the markets toppled under immense pressure and this led to a slowdown of the world economy. To contain the spread of infections, nations across the world implemented lockdowns that made it difficult for businesses to sustain their operations. Especially the manufacturing sector was adversely affected and this resulted in the loss of sales for the reprocessed medical devices market in 2020.

Focus on decontamination of medical devices became of paramount importance during the pandemic and this was further passed on to reprocessed medical device repackaging and labelling of reusable medical devices to ensure their safety. Sales of single-use medical devices and products saw a hike in the pandemic era.

Reprocessed medical device consumption is anticipated to see good growth in the post-pandemic era owing to an increased focus on healthcare and increased healthcare expenditure on a global scale. Increasing focus on healthcare in developing economies is expected to majorly propel reprocessed medical device demand in the post-pandemic era through 2028. Reprocessed endoscopes and reprocessed cardiovascular medical devices are expected to see high demand in the post-pandemic era.

Top Companies Analysis and Key Developments

Key reprocessed medical device market players are focusing on mergers and acquisitions to increase their business scope across the world and increase sales.

• In February 2022, DePuy Synthes, the orthopedics company of Johnson & Johnson, announced the acquisition of CrossRoads Extremity Systems. This will bring CrossRoads’s EcoSMART instrument portfolio to DePuy Synthes and strengthen its reprocessing facilities.

Key Segments Covered in Reprocessed Medical Devices Industry Research

• By Device Type:

  • Cardiovascular Devices
    • Blood Pressure Cuffs/Tourniquet Cuffs
    • Cardiac Stabilization and Positioning Devices
    • Compression Sleeves (DVT)
    • Diagnostic Electrophysiology Catheters
    • Electrophysiology Cables
  • General Surgery Devices
    • Balloon Inflation Devices
    • Infusion Pressure Bags
  • Laparoscopic Devices
    • Endoscopic Trocars & Components
    • Harmonic Scalpel
  • Orthopedic External Fixation Devices
  • Gastroenterology Biopsy Forceps

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania 
  • MEA