Pharmaceutical Comprehensive Analytics of Reprocessed Medical Devices Market 2017-2027

- 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.
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- 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.

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.

- 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,
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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 20172027, 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.
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