About Reprocessed Medical Devices
Reprocessed medical equipment are ones that have undergone refurbishment and are now suitable for reuse. Disinfection, cleaning, remanufacturing, testing, sterilisation, packaging, and labelling of medical equipment are all steps in the reprocessing process that prepares them for reuse. Any medical equipment that is reprocessed needs to go through a verified process to make it usable. The effectiveness, life cycle, potential harm to the patient, and components utilised to make the device are all taken into account when deciding whether to reprocess it. The demand for reprocessed medical devices is anticipated to increase significantly over the forecast period as a result of rising healthcare costs and the high cost of medical equipment.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for reprocessed medical devices has a few significant competitors and is somewhat competitive. Few of the big competitors now control the majority of the market in terms of market share. Hygia, Medline ReNewal, NEScientific, ReNu Medical, and SterilMed are a few of the leading market participants. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Reprocessed Medical Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United States), Medline Industries (United States), Renu Medical (Arjo) (United States), Soma Technology (United States), Stryker (United States), Teleflex Incorporated (United States), Medtronic (Ireland), Innovative Health (United States), Vanguard AG (United States) and Ethicon (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sure Tek Medical (United States).
Segmentation Overview
AMA Research has segmented the market of Global Reprocessed Medical Devices market by , Application (Cardiology, Gastroenterology, Gynecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia and Other) and Region.
On the basis of geography, the market of Reprocessed Medical Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Medical Device, the sub-segment i.e. Catheters will boost the Reprocessed Medical Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use, the sub-segment i.e. Hospitals will boost the Reprocessed Medical Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Reprocessed Medical Devices Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Preference of Healthcare Professionals for Single-Use Reprocessed Devices
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Restraints | - Rising Risk of Hospital Acquired Infections
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Road Blocks / Challenges | - Stringent Regulatory Procedures for Reprocessed Medical Devices
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Gaps & Opportunities | - Reprocessing Methodological Advancements
- Increasing Number of Third-Party Reprocessors
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Market Leaders and their expansionary development strategies
In 2022, to reprocess the Philips Eagle Eye Platinum digital IVUS (intravascular ultrasonography) catheter, Innovative Health, LLC has been given permission. With this approval, the business has effectively entered the cath lab market, broadening its medical device reprocessing market reach in cardiology applications.
In 2022, In Southaven, Mississippi, Medline ReNewal constructed a new distribution facility. Major medical centres, nursing homes, and military installations in the area are served by the institution. To accommodate the product demands of its healthcare clients, the company invested in enhancing its storage and distribution capabilities in Mississippi. The Southaven factory is anticipated to handle yearly orders totaling more than USD 350.0 million.
Key Target Audience
Reprocessed Medical Device Manufacturers, Raw Material Suppliers, Distributors and Suppliers, Government Regulations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.