Medical Device Reprocessing Market Insights and Forecast to 2026 by Stryker, Johnson & Johnson Services, Inc., VANGUARD AG, Medline ReNewal, Medtronic plc, SteriPro

Medical Device Reprocessing industry research report is designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development. The base year for calculation in the report is taken as 2017 whereas the historic year is 2016 which will tell you how the Medical Device Reprocessing Market is going to perform in the forecast years by informing you what the market definition, classifications, applications, and engagements are. The report helps to be there on the right track by making you focus on the data and realities of the General Surgery industry. This Global Medical Device Reprocessing Market report takes into consideration diverse segments of the market analysis that today’s business asks for.

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Global Medical Device Reprocessing Market is expected to rise from its initial estimated value of USD 0.93 in 2018 billion to an estimated value of USD 2.75 billion by 2026, registering a CAGR of 14.50% in the forecast period of 2019-2026. This rise in market value can be attributed to the Increasing number of surgical procedures.

Few of the major competitors currently working in the medical device reprocessing market are Stryker (US), Johnson & Johnson Services, Inc. (US), VANGUARD AG (Germany), Medline ReNewal (US), Medtronic plc (Ireland), SteriPro (Canada), Medline Industries, Inc. (Germany),Medline Industries, Inc..(US), , ReNu Medical (US), SureTek Medical (US), Centurion Medical Products (US), Agito Medical A/S (Europe), Innovative Health.(US), Nescientific Inc.(USA), , Synergy Health plc (US), GENERAL ELECTRIC COMPANY (US), Siemens Healthcare GmbH(Germany), Soma Technology, Inc.(USA), among others.

Global Medical Device Reprocessing Market By Process (Presoak, Manual Cleaning, Automatic Cleaning, Disinfection); Type (Enzymatic & Non-enzymatic Detergent); Application (Surgical Instruments, Endoscope, Ultrasound Probe);End User (Hospitals, Clinics, Diagnostic Centers), Product & Services (Reprocessing Support and Services, Reprocessed Medical Devices; Geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America, Rest of the World) – Industry Trends & Forecast to 2026

Market Definition:

This market report defines the market trends and forecasts the upcoming opportunities and threats of the pharmaceutical packaging equipment market in the next 8 years. Medical device reprocessing is the process of cleaning, remanufacturing and disinfection of the medical devices so that those devices can be reused or to be put in service again. The reprocessed devices are biopsy, catheter, endoscope and pulse oximeter. By using on patients, reusable devices become soiled and contaminated with microorganisms. To avoid risk of infection by a contaminated device, reusable devices (reprocessing), a detailed, multistep process to clean and then disinfect or sterilize them.

Market Drivers

Low prices of reprocessed medical devices, is going to drive the growth of the market
Pressure to reduce volume of regulated medical waste is driving the growth of market.
Market Restraints

Creating risk of surgical site infections due to the use of reprocessed devices, act as a restraints to the market.

Changing regulatory scenario for medical devices act as a restraints to the market.

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Segmentation:

By Process

Presoak
Manual Cleaning
Automatic Cleaning
Disinfection

By Type

Enzymatic & Non-enzymatic Detergent

By Application

Surgical Instruments
Endoscope
Ultrasound Probe

By End-User

Hospitals
Clinics
Diagnostic Centers

By Product & services

Reprocessing Support and Services
Reprocessed Medical Devices

By Geography

North America
South America
Brazil
Europe
Asia-Pacific
Middle East and Africa

Key Developments in the Market:

In May 2018, Stryker announced the acquisition with Hygia Health Services, Hygia focused on reprocessing devices, this acquisition allow Stryker to better serve customers as a premier provider of sustainability solutions in the global healthcare market.

In December 2016, Teleflex Incorporated acquired Vascular Solutions, after this acquisition expected to the growth of Teleflex’s vascular with entry into the coronary and peripheral vascular market, as well as increased cross-portfolio selling opportunities to both Teleflex and Vascular Solutions customer bases.

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