Global Reprocessed Medical Devices Market, By Technique, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Reprocessed medical devices are single-use medical devices, which are recycled by disinfection, cleaning, remanufacturing, testing, packaging and labeling, and sterilization and various other steps to make a used medical devices back in service again. All reprocessed devices are originally labeled as single- use medical devices and need to meet the requirements of the U.S. Food and Drug Administration such as, cleaning, sterility and functionality prior to use.  Research publication related to medical devices market suggested that firstly medical devices reprocessing was mostly performed by hospital staffs within hospital setting without any proper guidelines. However, with the introduction of FDA reprocessing guidelines published in year 2015 by the U.S. department of Health and Services which provides recommendations for the formulation and scientific validation of reprocessing instructions for reusable medical devices, medical reprocessing was adopted all over the globe. Now mostly hospital outsource the single-used medical devices to get reprocessed by third party. Whereas, continuously increase in amount of medical waste and lack of proper disposal mechanism brings reprocessed medical devices into the market. And hence the reprocessed medical devices annually, around 95% are recycled rather than dumping it into landfills.

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Furthermore, reprocessed medical devices are available in less cost than its original price thus reprocessed medical devices are cost effective with same efficacy as the new product with no threat to patient.

Market Dynamics

Rise in incidence of cardiovascular disease due to increase in the prevalence of high blood pressure and diabetes worldwide is expected to favor the demand for reprocessed medical devices around the globe. As cardiovascular devices such as blood pressure cuffs, cardiac stabilization and positioning devices, catheters or general surgery devices can be reprocessed.

In year 2015, according to World Health Organization (W.H.O) estimated that around 17.7 million people died due to cardiovascular disease worldwide. Furthermore, the majority of deaths are occurred in emerging economies due to high prevalence rate and lack of healthcare services in rural areas.

Also, due to rising demand for minimally invasive treatment laparoscopy is the other factor leading to growth of reprocessed medical devices market in developed as well as developing regions. Where laparoscopic devices such as endoscopic trocars, components and harmonic scalpels.

According to Centers for Disease Control and Prevention in year 2015 number of adults diagnosed by ulcers in the U.S. that was 6.1% of adult diagnosed with ulcers.

Market Taxonomy

The report segments the global reprocessed medical devices market on basis of technique and geography. On the basis of technique, the market is categorized into laparoscopic devices, gastroenterology, general surgery, orthopedic devices and cardiovascular devices. Among these, the cardiovascular devices segment dominate the reprocessed devices market throughout the forecast period. On the basis of geography, the market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all regions, North America contributes major market share supported by increased incidence rate of cardiovascular disease and growing inclination of the population towards minimally invasive procedures.

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Key features of the study:

This report provides in-depth analysis of the reprocessed devices market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global reprocessed medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
The global reprocessed medical devices market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts
Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the reprocessed medical devices market
Detailed Segmentation

Global Reprocessed Medical Devices Market, By Technique

Laparoscopic Devices
Gastroenterology
General Surgery
Orthopedic Devices
Cardiovascular Devices

Global Reprocessed Medical Devices Market, By Geography:
North America

North America Reprocessed Medical Devices Market, By Technique:
Laparoscopic Devices
Gastroenterology
General Surgery
Orthopedic Devices
Cardiovascular Devices

North America Reprocessed medical devices Market, By Country:
U.S.

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This release was published on openPR.