Reprocessed Medical Devices Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Reprocessed Medical Device Market by Product Type (Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopaedic/ Arthroscopic Medical Devices), by End-user (Hospitals, Clinics, Ambulatory Surgical Centres, Community Healthcare, Diagnostic Laboratories, Others) and Geography

 

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Report

Description

Global Reprocessed Medical Devices Market was valued at USD 823.7 Million in 2020 and is anticipated to grow at USD 1,756 Million by 2027 recording a CAGR of 16.6% during the forecast period 2021-2027. Reprocessing is an important part in life cycle of medical device in both developed and emerging economies globally. Reprocessing of medical devices is a process of disinfecting, cleaning, testing, sterilizing, packaging, labelling and remanufacturing of used, undamaged & expired medical devices to make it ready for the patient use at reduced and affordable cost. It’s been observed that the reprocessing of medical devices in the emerging countries is directed at decreasing hospital supply costs, which sometimes compromises with safety of the patients. Reprocessed medical devices are the devices which are refurbished and reuse again. The reprocessing of medical devices should follow an authentic process which furnish it fit for the use. In order to reprocess the device factors like life cycle, efficacy, and the potential risk to patient and components used for the manufacture of devices are taken into the consideration. Reprocessed Medical Device Market , according to the US Food and Drug Administration (FDA), are “devices that health care practitioners can reprocess and reuse on many patients.” Disinfection, proper cleaning, remanufacturing, quality control, disinfecting, packaging, and labelling of medical devices are all important elements to consider before putting them back into service. Any medical device reprocessing is a controlled activity that can only be done by third parties or hospitals. Third-party device reprocessors must meet the original criteria of manufactured single-use devices, according to the US Food and Drug Administration (FDA).
In April 2017, The European Union passed a comprehensive new EU wide Medical Device Regulation (MDR).  For SUD (Single Used Devices) reprocesses, this is a major development as Europe now has in place a “manufacturer” regulatory path for reprocessed SUDs. In November 2011, Ethicon Endo-Surgery, Inc. medical devices company acquired SterilMed, Inc. US-based reprocessing & remanufacturing company of single-use medical devices

 

Reprocessed Medical Devices Market

MARKET SUMMARY
-
16.6%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 16.6%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Reprocessed Medical Device Market

  • The globalreprocessed medical device market is segmented on the basis of product type, end-user, and Geography
  • The global reprocessed medical devices market is anticipated to show sturdy growth during the forecast period owing to significance on reducing the medical waste, rise in the demand of the reprocessed medical devices that are expected to rise the growth of market.
  • Reprocessed medical devices market is propelling by the low-cost, safety for the medical applications and others are likely to boost the demand for the reprocessed medical devices around the globe.
  • Moreover, Government initiatives in collaboration with several private healthcare organizations to promote reprocessed medical devices are driving the demand of reprocessed medical devices across the globe.
  • However, the presence of the negative perceptions related to the quality of reprocessed medical devices and less adoption of the reprocessed medical devices due to the infection are the some of the factors that are likely to hamper the growth of the reprocessed medical device market across the globe.

 

Market Key Players
  • Medline ReNewal
  • Johnson & Johnson Services Inc.
  • Stryker Corporation
  • Vanguard AG
  • SteriPro Canada, Inc.
  • Pioneer Medical Devices AG
  • HYGIA Health Services, Inc.
  • Vascular Solutions, Inc.
  • ReNu Medical, Inc.
  • Centurion Medical Products Corporation
  • SureTek Medical
Growth

Reprocessed Medical Device Market

Medical device reprocessing became one of the most important supply chain cost reduction strategies in the US hospitals due to reprocessing of devices for the hospitals to maintain the patient care quality while saving substantial costs. Reprocessed medical device industry is a mixture of unorganized and organized players. Dominance of the unorganized players has led to the reduction in device cost over the past few years. This factor is projected to spike the consumption of reprocessed medical devices by physicians, creating a winning situation for the market players. Reprocessed medical device market is driving the effort to keep the high-quality standards and expand the value from medical devices. Hospitals are largest consumer segments of the reprocessed medical devices. The rate of adoption of the reprocessed medical devices is showing remarkable increase among hospitals operating under limited budgets and the long-term cost efficacy. For example, as per to the AMDR (Association of Medical Device Reprocessors) in U.S., nearly there are 3,000 hospitals with medical device reprocessing programs.


North-America Got Significant Share

Reprocessed Medical Device Market

Based on the geographical regions, the global reprocessed medical devices market segmented into five key regions: Europe, North America, Latin America Asia-Pacific, and Middle East & Africa. North America is anticipated to be largest market in terms of the reprocessed medical devices production and followed by Europe. The presence of government-funded & privately held waste management and recycling companies, availability of the advancements in the technology for the reprocessing and sanitization of the medical devices is contributing the growth of the reprocessed medical devices market. Based on the consumption, Asia–Pacific region is anticipated to exhibit highest demand for the reprocessed medical devices due to the price sensitive customer base and large pool of population driving demand for affordable medical devices.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Reprocessed Medical Device Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive summary
  2. Global Reprocessed Medical Devices Market Introduction
    • Global Reprocessed Medical Devices Market– Taxonomy
    • Global Reprocessed Medical Devices Market–Definitions
      • Product Type
      • End User
  1. Global Reprocessed Medical Devices Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Reprocessed Medical Devices Market Dynamics – Factors Impact Analysis
    • Global Reprocessed Medical Devices Market– Regulations
      • US
      • Europe
      • Japan
  1. Global Reprocessed Medical Devices Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Oppurtunity Analysis
  2. Global Reprocessed Medical Devices Market, By Product Type, 2013 – 2017 and Forecast, 2018 – 2024
    • Cardiovascular Medical Devices
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Laparoscopic Medical Devices
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Orthopedic/ Arthroscopic Medical Devices
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Reprocessed Medical Devices Market Forecast, By End User, 2013 – 2017 and Forecast, 2018 – 2024
    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clinics
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ambulatory Surgical Centres
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Community Healthcare
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Diagnostic Laboratories
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Reprocessed Medical Devices Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024
    • North America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Reprocessed Medical Devices Market- Opportunity Analysis Index – By Product Type, By End User, and Region, 2018 – 2024
  2. North America Reprocessed Medical Devices Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cardiovascular Medical Devices
        • Cardiac Stabilization and Positioning Devices
        • Blood Pressure Cuffs/Tourniquet Cuffs
        • Electrophysiology Cables
        • Deep Vein Compression Sleeves (DVT)
        • Diagnostic Electrophysiology Catheters
      • Laparoscopic Medical Devices
        • Harmonic Scalpels
        • Endoscopic Trocars and Components
        • General Surgery Medical Devices
        • Infusion Pressure Bags
        • Balloon Inflation Devices
      • Orthopedic/ Arthroscopic Medical Devices
        • External Fixation Devices
        • Gastroenterology Medical Devices
        • Biopsy Forceps
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centres
        • Community Healthcare
        • Diagnostic Laboratories
        • Others
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US.
        • Canada
      • North America Reprocessed Medical Devices Market- Opportunity Analysis Index – By Product Type, By Surgery, By End User, and Country, 2018 – 2024
      • North America Reprocessed Medical Devices Market Dynamics – Trends
  1. Europe Reprocessed Medical Devices Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cardiovascular Medical Devices
        • Cardiac Stabilization and Positioning Devices
        • Blood Pressure Cuffs/Tourniquet Cuffs
        • Electrophysiology Cables
        • Deep Vein Compression Sleeves (DVT)
        • Diagnostic Electrophysiology Catheters
      • Laparoscopic Medical Devices
        • Harmonic Scalpels
        • Endoscopic Trocars and Components
        • General Surgery Medical Devices
        • Infusion Pressure Bags
        • Balloon Inflation Devices
      • Orthopedic/ Arthroscopic Medical Devices
        • External Fixation Devices
        • Gastroenterology Medical Devices
        • Biopsy Forceps
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centres
        • Community Healthcare
        • Diagnostic Laboratories
        • Others
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Reprocessed Medical Devices Market- Opportunity Analysis Index – By Product Type, By End User, and Country, 2018 – 2024
      • Europe Reprocessed Medical Devices Market Dynamics – Trends
  1. Asia-Pacific Reprocessed Medical Devices Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cardiovascular Medical Devices
        • Cardiac Stabilization and Positioning Devices
        • Blood Pressure Cuffs/Tourniquet Cuffs
        • Electrophysiology Cables
        • Deep Vein Compression Sleeves (DVT)
        • Diagnostic Electrophysiology Catheters
      • Laparoscopic Medical Devices
        • Harmonic Scalpels
        • Endoscopic Trocars and Components
        • General Surgery Medical Devices
        • Infusion Pressure Bags
        • Balloon Inflation Devices
      • Orthopedic/ Arthroscopic Medical Devices
        • External Fixation Devices
        • Gastroenterology Medical Devices
        • Biopsy Forceps
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centres
        • Community Healthcare
        • Diagnostic Laboratories
        • Others
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn),
  1. Y-o-Y Growth (%), and Market Share (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Asia-Pacific Reprocessed Medical Devices Market- Opportunity Analysis Index – By Product Type, By End User, and Country, 2018 – 2024
  • Asia-Pacific Reprocessed Medical Devices Market Dynamics – Trends
  1. Latin America Reprocessed Medical Devices Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cardiovascular Medical Devices
        • Cardiac Stabilization and Positioning Devices
        • Blood Pressure Cuffs/Tourniquet Cuffs
        • Electrophysiology Cables
        • Deep Vein Compression Sleeves (DVT)
        • Diagnostic Electrophysiology Catheters
      • Laparoscopic Medical Devices
        • Harmonic Scalpels
        • Endoscopic Trocars and Components
        • General Surgery Medical Devices
        • Infusion Pressure Bags
        • Balloon Inflation Devices
      • Orthopedic/ Arthroscopic Medical Devices
        • External Fixation Devices
        • Gastroenterology Medical Devices
        • Biopsy Forceps
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centres
        • Community Healthcare
        • Diagnostic Laboratories
        • Others
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Reprocessed Medical Devices Market- Opportunity Analysis Index – By Product Type, By End User, and Country, 2018 – 2024
      • Latin America Reprocessed Medical Devices Market Dynamics – Trends
  1. Middle East & Africa Reprocessed Medical Devices Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cardiovascular Medical Devices
        • Cardiac Stabilization and Positioning Devices
        • Blood Pressure Cuffs/Tourniquet Cuffs
        • Electrophysiology Cables
        • Deep Vein Compression Sleeves (DVT)
        • Diagnostic Electrophysiology Catheters
      • Laparoscopic Medical Devices
        • Harmonic Scalpels
        • Endoscopic Trocars and Components
        • General Surgery Medical Devices
        • Infusion Pressure Bags
        • Balloon Inflation Devices
      • Orthopedic/ Arthroscopic Medical Devices
        • External Fixation Devices
        • Gastroenterology Medical Devices
        • Biopsy Forceps
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centres
        • Community Healthcare
        • Diagnostic Laboratories
        • Others
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Reprocessed Medical Devices Market- Opportunity Analysis Index – By Product Type, By Surgery, By End User, and Country, 2018 – 2024
      • MEA Reprocessed Medical Devices Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Medline ReNewal (U.S.)
      • Johnson & Johnson (U.S.)
      • Stryker Corporation (U.S.)
      • Vanguard AG (Germany)
      • SteriPro Canada, Inc.(Canada)
      • Pioneer Medical Devices AG (Germany)
      • HYGIA Health Services, Inc. (U.S.)
      • Vascular Solutions, Inc. (U.S.)
      • ReNu Medical, Inc. (U.S.)
      • Centurion Medical Products Corporation (U.S.)
      • SureTek Medical (U.S.)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Medline ReNewal (U.S.)
  • Johnson & Johnson Services Inc.,(U.S.)
  • Stryker Corporation (U.S.)
  • Vanguard AG (Germany)
  • SteriPro Canada, Inc.(Canada)
  • Pioneer Medical Devices AG (Germany)
  • HYGIA Health Services, Inc. (U.S.)
  • Vascular Solutions, Inc. (U.S.)
  • ReNu Medical, Inc. (U.S.)
  • Centurion Medical Products Corporation (U.S.)
  • SureTek Medical (U.S.)

Description

Global Reprocessed Medical Devices Market was valued at USD 823.7 Million in 2020 and is anticipated to grow at USD 1,756 Million by 2027 recording a CAGR of 16.6% during the forecast period 2021-2027. Reprocessing is an important part in life cycle of medical device in both developed and emerging economies globally. Reprocessing of medical devices is a process of disinfecting, cleaning, testing, sterilizing, packaging, labelling and remanufacturing of used, undamaged & expired medical devices to make it ready for the patient use at reduced and affordable cost. It’s been observed that the reprocessing of medical devices in the emerging countries is directed at decreasing hospital supply costs, which sometimes compromises with safety of the patients. Reprocessed medical devices are the devices which are refurbished and reuse again. The reprocessing of medical devices should follow an authentic process which furnish it fit for the use. In order to reprocess the device factors like life cycle, efficacy, and the potential risk to patient and components used for the manufacture of devices are taken into the consideration. Reprocessed Medical Device Market , according to the US Food and Drug Administration (FDA), are “devices that health care practitioners can reprocess and reuse on many patients.” Disinfection, proper cleaning, remanufacturing, quality control, disinfecting, packaging, and labelling of medical devices are all important elements to consider before putting them back into service. Any medical device reprocessing is a controlled activity that can only be done by third parties or hospitals. Third-party device reprocessors must meet the original criteria of manufactured single-use devices, according to the US Food and Drug Administration (FDA).
In April 2017, The European Union passed a comprehensive new EU wide Medical Device Regulation (MDR).  For SUD (Single Used Devices) reprocesses, this is a major development as Europe now has in place a “manufacturer” regulatory path for reprocessed SUDs. In November 2011, Ethicon Endo-Surgery, Inc. medical devices company acquired SterilMed, Inc. US-based reprocessing & remanufacturing company of single-use medical devices

 

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