Market Overview:
The global reprocessed medical device market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for reprocessed medical devices due to their cost-effectiveness and rising awareness about the benefits of using these devices. In addition, the increasing number of hospitals and surgical centers that are adopting reprocessed medical devices is also contributing to the growth of this market. The global reprocessed medical device market can be segmented on the basis of type, application, and region.
Product Definition:
A reprocessed medical device is a previously used medical device that has been cleaned, disinfected and tested to meet current safety standards. Reprocessing of medical devices helps to ensure that these devices are safe for use and can help reduce the cost of healthcare.
Cardiovascular Medical Devices:
Cardiovascular medical devices are used to treat heart and blood vessels diseases. It includes catheters, stents, balloons, implantsable cardioverter defibrillators (ICD), pacemakers and other such devices.
Laparoscopic Medical Devices:
Laparoscopic medical devices are surgical instruments used for a variety of procedures. These include endoscopes, laparoscopes, and laryngoscopes. The key driver for the growth of this market is an increase in the number of abdominal surgeries performed due to rising incidences of chronic diseases such as cancer and gastrointestinal disorders coupled with growing geriatric population base across the globe.
Application Insights:
The hospital application segment accounted for the largest share in 2016 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing number of hospitals, which are focusing on providing advanced healthcare facilities with technologically superior equipment.
reprocessed medical devices have been found to offer higher precision, efficiency, and quality as compared to their counterparts manufactured from scratch or by using modern technology. The commercial application segment is expected witness considerable growth over the forecast period owing to rising demand for minimally invasive procedures that require high-quality surgical devices & instruments. Minimally invasive surgeries generally involve use of small tools & equipment such as laparoscopic cameras, endoscopes etc., which need precise sizing & fitting before they are used in surgery thus resulting in increased demand for reprocessed medical devices across various applications worldwide.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving the regional market. Europe is also expected to hold a significant share due to increasing geriatric population base that requires better medical care and facilities.
Asia Pacific is projected to be the fastest-growing region during the forecast period owing to rising disposable income coupled with growing health awareness among people in this region. Moreover, improving healthcare infrastructure will boost growth further over the next eight years as many reprocessed devices are exported from developed countries such as U.S., Germany, Japan & China for use in Asia Pacific countries due to low cost advantages associated with these devices over new ones manufactured after 2012 (post-2012).
Growth Factors:
- Increasing demand for reprocessed medical devices due to their cost-effectiveness as compared to the new devices.
- Rising awareness about the benefits of using reprocessed medical devices among healthcare professionals and patients alike.
- Proliferation of certified reprocessing facilities across regions that adhere to stringent quality standards set by regulatory agencies such as FDA and MHRA
- Growing number of partnerships between original equipment manufacturers (OEMs) and certified reprocessors, which is expected to result in wider availability of refurbished medical devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Reprocessed Medical Device Market Research Report
By Type
Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices, Gastroenterology Medical Devices, General Surgery Medical Devices
By Application
Hospital, Commerical
By Companies
Vanguard AG, SureTek Medical, Stryker Sustainability, SterilMed, ReNu Medical, Medline ReNewal, Hygia, Centurion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Reprocessed Medical Device Market Report Segments:
The global Reprocessed Medical Device market is segmented on the basis of:
Types
Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices, Gastroenterology Medical Devices, General Surgery Medical Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Commerical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vanguard AG
- SureTek Medical
- Stryker Sustainability
- SterilMed
- ReNu Medical
- Medline ReNewal
- Hygia
- Centurion
Highlights of The Reprocessed Medical Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cardiovascular Medical Devices
- Laparoscopic Medical Devices
- Orthopedic/ Arthroscopic Medical Devices
- Gastroenterology Medical Devices
- General Surgery Medical Devices
- By Application:
- Hospital
- Commerical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reprocessed Medical Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A reprocessed medical device is a medical device that has been previously used and has been disposed of in an unauthorized or improper manner.
Some of the major companies in the reprocessed medical device market are Vanguard AG, SureTek Medical, Stryker Sustainability, SterilMed, ReNu Medical, Medline ReNewal, Hygia, Centurion.
The reprocessed medical device market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reprocessed Medical Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Reprocessed Medical Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Reprocessed Medical Device Market - Supply Chain
4.5. Global Reprocessed Medical Device Market Forecast
4.5.1. Reprocessed Medical Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Reprocessed Medical Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Reprocessed Medical Device Market Absolute $ Opportunity
5. Global Reprocessed Medical Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Reprocessed Medical Device Market Size and Volume Forecast by Type
5.3.1. Cardiovascular Medical Devices
5.3.2. Laparoscopic Medical Devices
5.3.3. Orthopedic/ Arthroscopic Medical Devices
5.3.4. Gastroenterology Medical Devices
5.3.5. General Surgery Medical Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Reprocessed Medical Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Reprocessed Medical Device Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Commerical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Reprocessed Medical Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Reprocessed Medical Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Reprocessed Medical Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Reprocessed Medical Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Reprocessed Medical Device Demand Share Forecast, 2019-2026
9. North America Reprocessed Medical Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Reprocessed Medical Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Reprocessed Medical Device Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Commerical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Reprocessed Medical Device Market Size and Volume Forecast by Type
9.7.1. Cardiovascular Medical Devices
9.7.2. Laparoscopic Medical Devices
9.7.3. Orthopedic/ Arthroscopic Medical Devices
9.7.4. Gastroenterology Medical Devices
9.7.5. General Surgery Medical Devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Reprocessed Medical Device Demand Share Forecast, 2019-2026
10. Latin America Reprocessed Medical Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Reprocessed Medical Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Reprocessed Medical Device Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Commerical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Reprocessed Medical Device Market Size and Volume Forecast by Type
10.7.1. Cardiovascular Medical Devices
10.7.2. Laparoscopic Medical Devices
10.7.3. Orthopedic/ Arthroscopic Medical Devices
10.7.4. Gastroenterology Medical Devices
10.7.5. General Surgery Medical Devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Reprocessed Medical Device Demand Share Forecast, 2019-2026
11. Europe Reprocessed Medical Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Reprocessed Medical Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Reprocessed Medical Device Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Commerical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Reprocessed Medical Device Market Size and Volume Forecast by Type
11.7.1. Cardiovascular Medical Devices
11.7.2. Laparoscopic Medical Devices
11.7.3. Orthopedic/ Arthroscopic Medical Devices
11.7.4. Gastroenterology Medical Devices
11.7.5. General Surgery Medical Devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Reprocessed Medical Device Demand Share, 2019-2026
12. Asia Pacific Reprocessed Medical Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Reprocessed Medical Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Reprocessed Medical Device Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Commerical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Reprocessed Medical Device Market Size and Volume Forecast by Type
12.7.1. Cardiovascular Medical Devices
12.7.2. Laparoscopic Medical Devices
12.7.3. Orthopedic/ Arthroscopic Medical Devices
12.7.4. Gastroenterology Medical Devices
12.7.5. General Surgery Medical Devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Reprocessed Medical Device Demand Share, 2019-2026
13. Middle East & Africa Reprocessed Medical Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Reprocessed Medical Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Reprocessed Medical Device Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Commerical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Reprocessed Medical Device Market Size and Volume Forecast by Type
13.7.1. Cardiovascular Medical Devices
13.7.2. Laparoscopic Medical Devices
13.7.3. Orthopedic/ Arthroscopic Medical Devices
13.7.4. Gastroenterology Medical Devices
13.7.5. General Surgery Medical Devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Reprocessed Medical Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Reprocessed Medical Device Market: Market Share Analysis
14.2. Reprocessed Medical Device Distributors and Customers
14.3. Reprocessed Medical Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vanguard AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SureTek Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stryker Sustainability
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SterilMed
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ReNu Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Medline ReNewal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hygia
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Centurion
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook