openPR Logo
Press release

Medical Device Reprocessing Market To Increase At A CAGR 16.4% By 2025 | COVID 19 Impact Analysis, Global Industry Analysis, Size, Growth, Top Companies, Key Region

07-07-2020 11:42 AM CET | Health & Medicine

Press release from: Market Research Future

Medical Device Reprocessing Market To Increase At A CAGR 16.4%

Market Research Future (MRFR) collected data on several factors including implications of COVID 19 Impact on Medical Device Reprocessing Market and demographic challenges, showed how it could move forward in the coming years.

Medical Device Reprocessing Market Analysis

The global medical device reprocessing market is expected to exhibit a strong 16.4% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The report presents a detailed overview of the global medical device reprocessing market, including an overview of the market’s historical progress and projections about the market’s future growth over the forecast period from 2019 to 2025. The competitive landscape of the global medical device reprocessing market is also assessed in detail in the report, including company profiles of the leading players operating in the market and an analysis of the competitive strategies employed by the major players in the market. The segmentation of the medical device reprocessing market is also profiled in the report to provide an analysis of the major parts of the market. Readers are given clear indications as to the most profitable areas of the market over the forecast period.

Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/8796

Medical device reprocessing is a process of making used medical devices fit for reuse by cleaning and sterilizing them. The global medical device reprocessing market has grown by leaps and bounds in the last few years mainly due to the growing need to reduce medical waste. Medical waste comprises a major part of the overall waste production in various countries, and comprises a typically bothersome part of the waste due to its biologically active nature. This makes disposing of medical waste particularly difficult. This has led to a growing demand for medical device reprocessing, which leads to reuse of the medical devices, leading to a reduction in the volume of medical waste. The growing government support to initiatives to reduce medical waste is likely to be a major driver for the global medical device reprocessing market over the forecast period.

The low cost of reprocessed medical devices is the major driver for the medical device reprocessing market. In contrast with North American and Western European markets, countries in Latin America, Africa, and Asia Pacific cannot always afford to buy new medical equipment. This makes the healthcare sector highly deficient in certain regions. Medical device reprocessing allows these countries to make up the shortfall and provide advanced medical services to their citizens. This has been a major driver for the global medical device reprocessing market. The growing government support in emerging countries to advancement of the healthcare sector through less-than-perfect solutions is likely to remain a major driver for the medical device reprocessing market over the forecast period.

Medical Device Reprocessing Market Key Players

Stryker Corporation (US)
Johnson & Johnson (US)
Medtronic PLC (Ireland)
Vanguard AG (Germany)
Medline Industries, Inc. (US)
AGITO MEDICAL A/S (Denmark)
EverX Pvt Ltd (Australia)
Block Imaging (US)
SureTek Medical (US)
ReNu Medical, Inc. (Arjo) (US)
SteriPro (Canada)
Medical Device Reprocessing Market Competitive Analysis:

Leading players in the medical device reprocessing market include Stryker Corporation, Johnson & Johnson, Medtronic plc, Vanguard AG, Medline Industries Inc., Agito Medical A/S, EverX Pvt. Ltd., Block Imaging, SureTek Medical, ReNu Medical Inc., and SteriPro.

Medical Device Reprocessing Market Segmentation:

The global medical device reprocessing market is segmented on the basis of product type, medical device type, application, and region.

By product type, the global medical device reprocessing market is bifurcated into reprocessed medical devices and reprocessing support and services. The support and services segment is the largest part of the global medical device reprocessing market and is likely to retain its dominance over the forecast period due to the increased need for support services in reprocessed medical devices.

By medical device type, the market is segmented into catheters, laparoscopy instruments, biopsy instruments, endoscopy instruments, and cables, columns, and cutters. The catheters segment holds the largest share in the global medical device reprocessing market.

By application, the medical device reprocessing market is segmented into general surgery, cardiology, orthopedic applications, gastroenterology, urology, and others. The cardiology segment dominates the global medical device reprocessing market.

Ask Questions To The Experts @ https://www.marketresearchfuture.com/enquiry/8796

Medical Device Reprocessing Market Regional Analysis:

Americas: The largest regional market. The presence of a favorable regulatory scenario for increasing the safety and efficacy of the reprocessed medical device is boosting the demand for the same. Moreover, the rising prevalence of chronic diseases, along with an increase in the number of surgical procedures, is majorly contributing to the growth of this region.

Europe: The cost-saving through medical device reprocessing and regulatory pressure to reduce the generation of medical waste is leading to a rise in the adoption of reprocessed medical devices.

Asia-Pacific: The fastest-growing regional market. The reuse of medical devices in most Asian countries is common, especially for injection needles.

Middle East & Africa: The smallest market due to limited healthcare infrastructure in this region.

Table Of Contents

REPORT PROLOGUE
MARKET INTRODUCTION
2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

RESEARCH METHODOLOGY
3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

MARKET DYNAMICS
4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

MARKET FACTOR ANALYSIS
Obtain Premium Research Report Details, Considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/medical-device-reprocessing-market-8796

Healthcare Industry Related Reports

Global Dental Forceps Market Research Report: Information by Product Type (Maxillary Forceps, Mandibular Forceps, Pediatric Forceps, Adult Forceps, Anterior Forceps, Others), End User (Dental Hospitals, Dental Clinics, Others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2024: https://www.marketresearchfuture.com/reports/dental-forceps-market-8012

Global Mixed Reality in Healthcare Market Research Report: By Component (Software, Hardware, Service), Device Type (Augmented Reality in Healthcare, Virtual Reality in Healthcare), Application (Surgery Simulation, Surgery, Patient Care Management, Pharmacy Management, Fitness Management, Others), End User (Hospital & Surgical Centers, Pharmaceutical Companies, Research Organizations, Others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2024: https://www.marketresearchfuture.com/reports/mixed-reality-healthcare-market-8013

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Device Reprocessing Market To Increase At A CAGR 16.4% By 2025 | COVID 19 Impact Analysis, Global Industry Analysis, Size, Growth, Top Companies, Key Region here

News-ID: 2085922 • Views:

More Releases from Market Research Future

Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing Your Business with Market Size
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics. The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reaching USD 2.4 billion by 2030
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more. The Palm Methyl Ester Derivative Market Size was valued at USD 1.5
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 2032: Analysis by Segmentation, Competitors Analysis
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences. Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by Segmentation, Competitors Analysis
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further. APAC Wallpaper Market Size was valued at USD 0.55

All 5 Releases


More Releases for Medical

ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924 Global Medical Casting & Splinting market 2019 research provides a basic overview of
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry. Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis. Get Free