Asia-Pacific Single-use Medical Device Reprocessing Market Analysis | Major Players as CENTURION MEDICAL PRODUCTS, HYGIA, MEDLINE INDUSTRIES, NESCIENTIFIC, RENU MEDICAL, STRYKER, VANGUARD AG

The Asia-Pacific single-use medical devices reprocessing market has been estimated to register a CAGR of 5.0% during the forecast period of 2018-2023. Single-use device (SUD) reprocessing includes cleaning, disinfection, and sterilization. It helps hospitals to maintain patient care quality, while saving substantial amounts of money. With the high rate of privatization in hospitals of India, there is the rise in the guidelines being considered for reprocessed SUDs, helping in the high growth of this market in the country.

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Cost Savings through Reprocessing of Single-use Devices
The lowering of the overall cost of healthcare through the reprocessing of single-use devices is the primary factor driving this market. The process has been rationalized and legislated in Japan. In India, 80% of the healthcare is provided by the private sector. There are certain policies being used by the private sector, which helps diminish the financial burden substantially and reduces the overall economic burden through reduced medical bills generated for the patient. In the past decade, an increased use of reprocessed single-use devices has been observed in the emerging markets, which are likely to drive the growth of the single-use medical device reprocessing market.
Other major factors responsible are the rising significance of medical waste minimization and positive effects on environmental sustainability.

Major players-
CENTURION MEDICAL PRODUCTS, HYGIA, JOHNSON & JOHNSON, MEDLINE INDUSTRIES, INC., NESCIENTIFIC, INC., RENU MEDICAL, STRYKER, AND VANGUARD AG, amongst others.

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Poor Regulation of SUD Reprocessing in Emerging Markets
The FDA defines reusable medical devices as those “devices that health care providers can reprocess and reuse on multiple patients.” The poor regulations regarding the SUD reprocessing in emerging markets is the major obstacle for the growth of SUD reprocessing market in the developing countries. According to Seth GS Medical College in Mumbai, India, the absence of protection from the legal liabilities and litigations for reusing disposable items due to lack of guidelines and norms, prevents the reuse of the devices marked as SUDs. Further, the practice of SUDs reprocessing is unregulated due to the scarcity of guidance from the regulatory authorities in India. Another factor impeding this market is the preconceived notion regarding the quality of reprocessed SUDs.

Japan Expected to Dominate the Market
Japan is expected to have the largest share of reprocessed SUDs market. The reprocessing of single-use devices is very common in the country with more than 80% of the hospitals being involved in this business. The continuous growth in the economic state of the country with high healthcare expenditure, effective utilization of resources and, functional and sterility assurance drives the growth of the market in Japan.

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