Medical Device Reprocessing Market to Witness Huge Growth by 2027 - Humphrey Products Corporation, Medi-Q Group, Medline Industries, ReNu Medical, Sterilmed, SteriPro, Stryker, SureTek Medical
In recent days, the technique of reprocessing is been adopted widely in hospitals and surgical centers in major economies. Benefits such as, cost efficiency and reduction in the generation of medical wastes is anticipated to fuel the demand for the market during the forecast period. In addition, the rising emphasis on regulatory measures to ensure patient's safety is expected to offer considerable growth opportunities in the medical device reprocessing market in the coming years.
Medical device reprocessing is an important aspect in the supply chain, which helps in the cost reduction strategies in hospitals. Reprocessing of medical devices helps healthcare providers to maintain patient care efficiently as well as save considerable amount of money.
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The global medical device reprocessing market is segmented on the basis of type and device. Based type, the market is segmented as, standalone and portable. Whereas, on the basis of device, the market is categorized as, cardiovascular devices, general surgery devices, gastroenterology devices, laparoscopic devices, orthopedic devices, and other devices.
North America is expected to contribute to the largest share in the medical device reprocessing market in the coming years, owing to the presence of better healthcare facilities and increasing number of surgical procedures in the US and Canada. The region of Asia Pacific is expected to offer sustainable growth opportunities in the market during the forecast period, due to the presence of regulatory policies for patient safety as well as cost efficiency.
The List of Companies
2. Humphrey Products Corporation
3. Medi-Q Group
4. Medline Industries, Inc.
5. ReNu Medical
6. Sterilmed, Inc.
9. SureTek Medical
10. VANGUARD AG
The report analyzes factors affecting medical device reprocessing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the medical device reprocessing market in these regions.
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