Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Reprocessed Medical Device Market by Type (Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices, Gastroenterology Medical Devices, General Surgery Medical Devices), By Application (Hospital, Commerical) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Reprocessed Medical Device Market by Type (Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices, Gastroenterology Medical Devices, General Surgery Medical Devices), By Application (Hospital, Commerical) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 169552 3300 Medical Devices & Consumables 377 237 Pages 4.8 (40)
                                          

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.


Global Reprocessed Medical Device Industry Outlook


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:

  1. Vanguard AG
  2. SureTek Medical
  3. Stryker Sustainability
  4. SterilMed
  5. ReNu Medical
  6. Medline ReNewal
  7. Hygia
  8. Centurion

Global Reprocessed Medical Device Market Overview


Highlights of The Reprocessed Medical Device Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Cardiovascular Medical Devices
    2. Laparoscopic Medical Devices
    3. Orthopedic/ Arthroscopic Medical Devices
    4. Gastroenterology Medical Devices
    5. General Surgery Medical Devices
  1. By Application:

    1. Hospital
    2. Commerical
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Reprocessed Medical Device Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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