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Reprocessed Medical Devices Market: Cardiology Devices Segment Slated to Dominate the Regional Market Through 2027: Asia Pacific Industry Analysis and Opportunity Assessment, 2017-2027
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Published by Future Market Insights: 15 Mar 2017 | 67680 | In Stock
Related Topics: Cardiology

Introduction

Cardiology devices segment is anticipated to reach the highest market value during the projected period

The Cardiology Devices segment is likely to create absolute $ opportunity of a little more than US$ 15 Mn in 2018 over 2017. By the end of 2027, Cardiology Devices segment is projected to reach a market valuation close to US$ 700 Mn, expanding at a CAGR of 18.4% over the forecast period. The Cardiology Devices segment dominated the Asia Pacific reprocessed medical devices market in terms of revenue in 2016, and the trend is projected to grow throughout the forecast period. Cardiology Devices segment is anticipated to be the most attractive segment, recording an attractiveness index of 4.3 over the period of assessment.

Alternative product deployment and external partnerships are encouraging manufacturers to increase production focus on cardiology devices

There has been an increasing healthcare spending by the governments of some of the developing countries such as Australia, India and China owing to a growing geriatric population and growing awareness among the population regarding health-related issues. However, despite increased healthcare spending in the Asia Pacific region, the growth rate is slow, which creates a requirement for healthcare facilities to focus on cost cutting in order to stay in tune with the universal healthcare system. Increasing healthcare spending in response to growing healthcare problems is the driving factor for the cardiology devices segment.

Most of the prestigious hospitals in Asia Pacific are focussing on reducing the cost of medical devices for better results with the smarter use of their resources. Many hospitals are using cardiology devices as a supply chain cost reduction strategy. This fuels the growth of the cardiology devices segment in the Asia Pacific reprocessed medical devices market. Stringent regulations by various local regulatory bodies provides assurance to hospitals and practitioners regarding the quality of cardiology devices. The need to maintain quality, safety, manufacturing standards and effectiveness as specified by regulatory bodies is estimated to invoke trust in healthcare facilities and practitioners. For instance, in Australia, SUDs are considered as new distinct medical devices. The reprocessing companies are responsible for all conformity assessments, safety, efficacy standards and all the legal liabilities of the remanufactured product.

Growing awareness regarding the use of reprocessed medical devices particularly cardiology devices and growing concerns regarding safety and efficacy is driving the growth of the cardiology devices segment. Due to regulatory hurdles regarding in-house reprocessing, hospitals are focussing on entering into agreements with companies for reprocessing of their medical devices. This is driving growth in the third party cardiology devices segment. Increasing awareness about cardiology devices helps save healthcare expenses each year. Reprocessed medical devices such as cardiology devices are sold at approximately half the price of a new product. Availability of cardiology devices at less prices is propelling the demand in the cardiology devices segment.

Cardiology devices segment in India is anticipated to expand at an attractive CAGR of 23% over the period of forecast

The cardiology devices segment is estimated to account for more than 50% revenue share of the Australia reprocessed medical devices market by 2017 end and is predicted to gain more than 1000 BPS in its market share by 2027 over 2017. Cardiology devices segment is likely to create absolute $ opportunity of more than US$ 1 Mn in 2018 over 2017 in the country. By the end of 2027, cardiology devices segment is projected to reach more than US$ 70 Mn, expanding at a CAGR of 18% over the calculated period. In New Zealand, the cardiology devices segment is projected to reach close to US$ 16 Mn by the end of 2027, expanding at a CAGR of 16% over the forecast period. In China, revenue from the cardiology devices segment is anticipated to register a CAGR of 24.8% over 2017–2027, to reach more than US$ 180 Mn by 2027. The cardiology devices segment in the India reprocessed medical devices market is estimated to create absolute $ opportunity of close to US$ 2 Mn in 2018 over 2017.

Table of Contents
for Reprocessed Medical Devices Market: Cardiology Devices Segment Slated to Dominate the Regional Market Through 2027: Asia Pacific Industry Analysis and Opportunity Assessment, 2017-2027

  • Table Of Content

    1. Executive Summary

    2. Market Introduction

    2.1. Market Definition

    2.2. Market Taxonomy

    3. U.S. Reprocessed Medical Devices Market Overview

    3.1. Market Value Analysis and Forecast, 2012–2027

    3.2. Y-o-Y Growth Projections 2017-2027

    3.3. Value Chain Analysis

    4. Market Dynamics

    4.1. Macro-economic Factors

    4.2. Drivers

    4.2.1. Supply Side

    4.2.2. Demand Side

    4.3. Restraints

    4.4. Opportunity

    4.5. Forecast Factors – Relevance and Impact

    4.6. Regulatory Scenario

    4.7. Porter’s Five Force Analysis

    4.8. Health expenditure by Country

    5. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By Devices

    5.1. Introduction

    5.2. Basis Point Share (BPS) Analysis By Devices Type

    5.3. Y-o-Y Growth Projections By Devices Type

    5.4. Market Value Forecast By Devices, 2017–2027

    5.4.1. Gastroenterology Devices

    5.4.2. Cardiology Devices

    5.4.3. Laparoscopy Devices

    5.4.4. Orthopedic/ Arthroscopic Devices

    5.4.5. ENT Devices

    5.4.6. Others

    5.5. Market Attractiveness By Devices

    6. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By Classification

    6.1. Introduction

    6.2. Basis Point Share (BPS) Analysis By Classification

    6.3. Y-o-Y Growth Projections By Classification

    6.4. Market Value Forecast By Classification, 2017–2027

    6.4.1. Critical

    6.4.2. Semi-critical

    6.5. Market Attractiveness By Classification

    7. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By Reprocessing Methods

    7.1. Introduction

    7.2. Basis Point Share (BPS) Analysis By Reprocessing Methods

    7.3. Y-o-Y Growth Projections By Reprocessing Methods

    7.4. Market Value Forecast By Reprocessing Methods, 2017–2027

    7.4.1. In-house

    7.4.2. Third Party Assisted

    7.4.3. Non-compliant Reprocessors

    7.5. Market Attractiveness By Reprocessing Methods

    8. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By End User

    8.1. Introduction

    8.2. Basis Point Share (BPS) Analysis By End User

    8.3. Y-o-Y Growth Projections By End User

    8.4. Market Value Forecast By End User, 2017–2027

    8.4.1. Hospitals

    8.4.2. Diagnostic Centers

    8.4.3. Ambulatory Surgical Centers

    8.5. Market Attractiveness By End User

    9. Asia Pacific Reprocessed Medical Devices Market - Trends

    10. Australia Reprocessed Medical Devices Analysis and Forecast

    10.1.Introduction

    10.1.1. Basis Point Share (BPS) Analysis By Device

    10.1.2. Y-o-Y Growth Projections By Device

    10.2.Market Value Forecast By Devices, 2017–2027

    10.2.1. Gastroenterology Devices

    10.2.2. Cardiology Devices

    10.2.3. Laparoscopy Devices

    10.2.4. Orthopedic/ Arthroscopic Devices

    10.2.5. ENT Devices

    10.2.6. Others

    10.3.Market Value Forecast By Classification, 2017–2027

    10.3.1. Critical

    10.3.2. Semi-critical

    10.3.3. Non-critical

    10.4.Market Value Forecast By Reprocessing Methods, 2017–2027

    10.4.1. In-house

    10.4.2. Third Party Assisted

    10.4.3. Non-compliant Reprocessors

    10.5.Market Value Forecast By End User, 2017–2027

    10.5.1. Hospitals

    10.5.2. Diagnostic Centers

    10.5.3. Ambulatory Surgical Centers

    10.6.Market Value Forecast, 2017–2027

    10.7.Market Attractiveness Analysis

    10.7.1. By Devices

    10.7.2. By Classification

    10.7.3. By Reprocessing Methods

    10.7.4. By End User

    10.8. Drivers: Impact Analysis

    11. New Zealand Reprocessed Medical Devices Analysis and Forecast

    11.1.Introduction

    11.1.1. Basis Point Share (BPS) Analysis By Device

    11.1.2. Y-o-Y Growth Projections By Device

    11.2.Market Value Forecast By Devices, 2017–2027

    11.2.1. Gastroenterology Devices

    11.2.2. Cardiology Devices

    11.2.3. Laparoscopy Devices

    11.2.4. Orthopedic/ Arthroscopic Devices

    11.2.5. ENT Devices

    11.2.6. Others

    11.3.Market Value Forecast By Classification, 2017–2027

    11.3.1. Critical

    11.3.2. Semi-critical

    11.3.3. Non-critical

    11.4.Market Value Forecast By Reprocessing Methods, 2017–2027

    11.4.1. In-house

    11.4.2. Third Party Assisted

    11.4.3. Non-compliant Reprocessors

    11.5.Market Value Forecast By End User, 2017–2027

    11.5.1. Hospitals

    11.5.2. Diagnostic Centers

    11.5.3. Ambulatory Surgical Centers

    11.6.Market Value Forecast, 2017–2027

    11.7.Market Attractiveness Analysis

    11.7.1. By Devices

    11.7.2. By Classification

    11.7.3. By Reprocessing Methods

    11.7.4. By End User

    11.8. Drivers: Impact Analysis

    12. China Reprocessed Medical Devices Analysis and Forecast

    12.1.Introduction

    12.1.1. Basis Point Share (BPS) Analysis By Device

    12.1.2. Y-o-Y Growth Projections By Device

    12.1.3. Key Regulations

    12.2.Market Value Forecast By Devices, 2017–2027

    12.2.1. Gastroenterology Devices

    12.2.2. Cardiology Devices

    12.2.3. Laparoscopy Devices

    12.2.4. Orthopedic/ Arthroscopic Devices

    12.2.5. ENT Devices

    12.2.6. Others

    12.3.Market Value Forecast By Classification, 2017–2027

    12.3.1. Critical

    12.3.2. Semi-critical

    12.3.3. Non-critical

    12.4.Market Value Forecast By Reprocessing Methods, 2017–2027

    12.4.1. In-house

    12.4.2. Third Party Assisted

    12.4.3. Non-compliant Reprocessors

    12.5.Market Value Forecast By End User, 2017–2027

    12.5.1. Hospitals

    12.5.2. Diagnostic Centers

    12.5.3. Ambulatory Surgical Centers

    12.6.Market Value Forecast, 2017–2027

    12.7.Market Attractiveness Analysis

    12.7.1. By Devices

    12.7.2. By Classification

    12.7.3. By Reprocessing Methods

    12.7.4. By End User

    12.8. Drivers: Impact Analysis

    13. India Reprocessed Medical Devices Analysis and Forecast

    13.1.Introduction

    13.1.1. Basis Point Share (BPS) Analysis By Device

    13.1.2. Y-o-Y Growth Projections By Device

    13.2.Market Value Forecast By Devices, 2017–2027

    13.2.1. Gastroenterology Devices

    13.2.2. Cardiology Devices

    13.2.3. Laparoscopy Devices

    13.2.4. Orthopedic/ Arthroscopic Devices

    13.2.5. ENT Devices

    13.2.6. Others

    13.3.Market Value Forecast By Classification, 2017–2027

    13.3.1. Critical

Additional Details

Publisher

Future Market Insights

Publisher Information

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.



FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.



FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

Reference

67680 |

Number of Pages

215

Report Format

PDF

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This report is published by Future Market Insights

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

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