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Reprocessed Medical Devices Market, By Disease Condition (Cardiovascular, Laparoscopic, Orthopedic, Gastroenterology, and others), By End Use (Hospitals, Home Facility, and Others) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated
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Published by AnalystView: 01 Jul 2020 | 270588 | In Stock
Related Topics: Cardiology , COVID , Drug , Healthcare , Medical

Introduction

REPORT HIGHLIGHT

The reprocessed medical devices market is estimated to represent a global market of USD 2.09 billion by 2019 with growth rate of 21.3%.

Variety of single-use medical devices emerges in the market over the last few decades in order to prevent disease transmission to other patients. However, due to economic reason, the practice of reprocessing single usable medical devices is evolved among many healthcare settings in past few years. Needlessly discarding such equipment post-use, these facilities have begun to reprocess them. As per the survey conducted by the Newfoundland and Labrador Centre for Applied Health Research, in October 2010, stated that rapid growth in the healthcare industry has pressured hospital setting to reuse costly medical devices, intended for single use.

The growth of reprocessed medical devices is primarily driven by the rising pressure of government bodies to reduce the volume of regulated medical wastes by healthcare companies. For example, according to the World Health Organizations (WHO), modern hospital settings generate a large amount of solid medical waste, ranging from single-use medical devices to electronics. The organization estimated that around 15% to 25% healthcare waste contains chemical, biological or radiological hazard. This has fuelled the demand for the utilization of reprocessed medical devices, leading to the market growth.

Furthermore, the uptake of reprocessed medical devices is increasing rapidly due to its cost-effectiveness. According to the American College of Cardiology, more than half the U.S.’s hospital facilities send some of their single-use medical devices to Reprocesses. Previously, a majority of reprocessing process was carried out in hospital reprocessing centres. Nowadays, third party reprocessing industry has emerged which offers an efficient way of reprocessing needs. On another side, existing variability in end-users approach to reuse and reprocess medical devices adds ethical issues and poses a potential risk to the patient’s safety. It is noticed that medical facilities do not undertake comprehensive evaluation before reusing disposable medical equipment. These have raised concerns regarding the patient safety, environmental risk, and legal liability to utilize single-use medical devices.

COVID-19 Impact & Recovery Analysis

The proposed report from AnalystView Market Insights suggests three possible forecast scenarios (probable, optimistic, and pessimistic) considering the COVID-19 impact. Our ongoing research analysis amplifies our framework to ensure the inclusion of underlying COVID-19 crisis impact and potential paths forward. The designed report is delivering detailed insights on COVID-19 considering the changes in consumer demand, purchasing patterns, re-routing of the supply chain, and the significant interventions of governments. The updated study provides insights, and forecast, considering the COVID-19 impact on the market.

Regionally, North America captured the largest share of the global market. Increasing need for reprocessing medical devices and advancement in technologies would, in turn, drive the market growth. For example, the Canadian Agency of Drugs and Technologies in Health (CADTH) conducted a study to identify the need for reprocessing single-use medical devices. The study revealed that more than 30% of the healthcare facilities routinely reused medical equipment, intended for single‐use. Developing regions such as Asia Pacific and Latin America is expected to grow with the highest growth rate owing to the rising demand for cost-effective medical devices.

Companies such as GE Healthcare, Stryker Sustainability Solutions, Sterilmed, Inc., Suretek Medical, and others are profiled in the report. Stryker Sustainability Solutions is considered to be the major participant in global market owing to extensive promotional activities, strong product portfolio, and strategic alliances. For instance, the company implements most impactful initiatives to provide reprocessing services. The company undertakes reprocessing procedures through rigorous studies such as design verification, design validation, reverse engineering, cleaning and sterilizing and performance testing. These will contribute towards the significant market share of companies during the future period.

The market size and forecast for each segment has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

The years considered for the study are:

Historical Year – 2016 to 2018

Base Year – 2019

Estimated Year – 2020

Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

Table of Contents
for Reprocessed Medical Devices Market, By Disease Condition (Cardiovascular, Laparoscopic, Orthopedic, Gastroenterology, and others), By End Use (Hospitals, Home Facility, and Others) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

  • TABLE OF CONTENT

    1. REPROCESSED MEDICAL DEVICES MARKET OVERVIEW

    1.1. Study Scope

    1.2. Base Year

    1.3. Assumption and Methodology

    2. EXECUTIVE SUMMARY

    2.1. Key Market Facts

    2.2. Geographical Scenario

    2.3. Companies in the Market

    3. REPROCESSED MEDICAL DEVICES KEY MARKET TRENDS

    3.1. Market Drivers

    3.1.1. Impact Analysis of Market Drivers

    3.2. Market Restraints

    3.2.1. Impact Analysis of Market Restraints

    3.3. Market Opportunities

    3.4. Market Future Trends

    4. REPROCESSED MEDICAL DEVICES INDUSTRY STUDY

    4.1. Company Activity Analysis

    4.2. Regulatory Framework Analysis

    4.3. Market Attractiveness Analysis

    4.4. Value Chain Analysis

    5. REPROCESSED MEDICAL DEVICES MARKET LANDSCAPE

    5.1. Market Share Analysis

    5.2. Key Innovators

    6. REPROCESSED MEDICAL DEVICES MARKET – BY DISEASE CONDITIONS:

    6.1. Overview

    6.2. Cardiovascular

    6.2.1. Overview

    6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.3. Laparoscopic

    6.3.1. Overview

    6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.4. Orthopedic

    6.4.1. Overview

    6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.5. Gastroenterology

    6.5.1. Overview

    6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.6. Others

    6.6.1. Overview

    6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7. REPROCESSED MEDICAL DEVICES MARKET – BY END USE:

    7.1. Overview

    7.2. Hospitals

    7.2.1. Overview

    7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7.3. Home Facilities

    7.3.1. Overview

    7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7.4. Others

    7.4.1. Overview

    7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8. REPROCESSED MEDICAL DEVICES MARKET– BY GEOGRAPHY:

    8.1. Introduction

    8.2. North America

    8.2.1. Overview

    8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.2.3. U.S.

    8.2.3.1. Overview

    8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.2.4. Canada

    8.2.4.1. Overview

    8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3. Europe

    8.3.1. Overview

    8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3.3. France

    8.3.3.1. Overview

    8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3.4. Germany

    8.3.4.1. Overview

    8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3.5. Rest of Europe

    8.3.5.1. Overview

    8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.4. Asia Pacific (APAC)

    8.4.1. Overview

    8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.4.3. China

    8.4.3.1. Overview

    8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.4.4. India

    8.4.4.1. Overview

    8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.4.5. Rest of APAC

    8.4.5.1. Overview

    8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.5. Rest of the World

    8.5.1. Overview

    8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.5.3. Latin America

    8.5.3.1. Overview

    8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.5.4. Middle East and Africa

    8.5.4.1. Overview

    8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9. KEY VENDOR ANALYSIS

    9.1. Stryker Sustainability Solutions

    9.1.1. Company Overview

    9.1.2. SWOT Analysis

    9.1.3. Key Developments

    9.2. GE Healthcare

    9.2.1. Company Overview

    9.2.2. SWOT Analysis

    9.2.3. Key Developments

    9.3. Suretek Medical

    9.3.1. Company Overview

    9.3.2. SWOT Analysis

    9.3.3. Key Developments

    9.4. Phillips Healthcare

    9.4.1. Company Overview

    9.4.2. SWOT Analysis

    9.4.3. Key Developments

    9.5. Sterilmed, Inc.

    9.5.1. Company Overview

    9.5.2. SWOT Analysis

    9.5.3. Key Developments

    *Client can request additional company profiling as per their specific requirements

    10. 360 DEGREE ANALYSTVIEW

    11. APPENDIX

    11.1. Research Methodology

    11.2. Abbreviations

    11.3. Disclaimer

    11.4. Contact Us

List Of Tables
in Reprocessed Medical Devices Market, By Disease Condition (Cardiovascular, Laparoscopic, Orthopedic, Gastroenterology, and others), By End Use (Hospitals, Home Facility, and Others) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Tables

Table 1 List of Acronyms

Table 2 Key Market Facts, 2016 – 2027

Table 3 Market Drivers: Impact Analysis

Table 4 Market Restraint: Impact Analysis

Table 5 Market Opportunity: Impact Analysis

Table 6 PESTLE Analysis

Table 7 Porter’s Five Forces Analysis

Table 8 Company Market Share Analysis

Table 9 Global Reprocessed Medical Devices Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

Table 10 Reprocessed Medical Devices Market, by Disease Condition, 2016 – 2027 (USD Million)

Table 11 Reprocessed Medical Devices Market, by End Use, 2016 – 2027 (USD Million)

Table 12 Reprocessed Medical Devices Market, by Geography, 2016 – 2027 (USD Million)

Table 13 North America Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 14 U.S. Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 15 Canada Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 16 Europe Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 17 France Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 18 Germany Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 19 Asia Pacific Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 20 China Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 21 India Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 22 Latin America Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

Table 23 MEA Reprocessed Medical Devices Market, 2016 – 2027 (USD Million)

List Of Figures, Charts and Diagrams
in Reprocessed Medical Devices Market, By Disease Condition (Cardiovascular, Laparoscopic, Orthopedic, Gastroenterology, and others), By End Use (Hospitals, Home Facility, and Others) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Figures

Figure 1 Research Methdology

Figure 2 Research Process Flow Chart

Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)

Figure 4 Regulatory Framework Analysis

Figure 5 Value Chain Analysis Analysis

Figure 6 Reprocessed Medical Devices Market, by Disease Condition, 2016 – 2027 (USD Million)

Figure 7 Reprocessed Medical Devices Market, by End Use, 2016 – 2027 (USD Million)

Figure 8 Reprocessed Medical Devices Market, by Geography, 2016 – 2027 (USD Million)

Additional Details

Publisher

AnalystView

Publisher Information

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.



These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.



We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.



We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.



It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

Reference

270588 | AV145

Number of Pages

200

Report Format

PDF

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This report is published by AnalystView

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.

These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.

We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.

We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.

It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

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