openPR Logo
Press release

Reprocessed Medical Devices - Technological Advancements, Evolving Industry Trends and Insights 2020

07-26-2016 09:27 AM CET | Health & Medicine

Press release from: TMR Market Research

The global reprocessed medical devices market is expected to be valued at US$2.58 bn by the end of 2020. The market was recorded at US$0.78 bn in 2013 and is shown to be progressing at a CAGR of 19.30% within a forecast period of 2014 to 2020. The statistical details are provided in a research report released by Transparency Market Research, titled “Reprocessed Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -2020.” The report provides a clear description of this market in terms of growth prospects as well as inhibitors, along with a competitive landscape replete with the most recent data on the top players of the market.

Download PDF Brochure:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2064

According to the report, the primary factor driving the reprocessed medical devices market’s growth is the increasing demand for the employment of cost-saving measures in the medical devices industry. A large number of healthcare organizations are already pushing for higher levels of recycling and reprocessing medical devices in an attempt to save on medical costs and expenditures. At the same time, these bodies are also acting in response to the growing pressure exerted by governments regarding the amount of medical waste currently generated. There is a marked increase in the number of initiatives taken by government organizations in the field of waste management, and support for the global reprocessed medical devices market is one of them.

Other significant factors promoting the global reprocessed medical devices market include the advancements in technologies that allow a better quality of reprocessed devices. This driver is applicable especially to North America.

According to the Association of Medical Device Reprocessors, a standard hospital or healthcare organization in the world can manage to generate savings of at least US$500,000 and up to US$2 mn annually, with the help of reprocessed medical devices.

The report also signals users of the various restraints that might affect the market’s growth in the near future. Of these, the most prominent inhibitor is the significantly lower level of awareness of quality reprocessed medical devices. Another hindrance to the global reprocessed medical devices market is the negative perception of patients as well as medical organizations toward reprocessing.

In terms of devices, the global reprocessed medical devices market is largely propelled by the cardiovascular devices segment, which is showing the fastest growth rate among all device types, for the given forecast period. This segment owes its growth rate to a higher rate of use and the improving quality of cardiovascular reprocessed devices.

North America dominated the global reprocessed medical devices market in 2013, due to early implementation of favorable policies and government incentives. Similar features can be seen in the European reprocessed medical devices market. Both developed regions are facing major constraints due to the rapidly increasing cost of administering medical attention.

The key players in the reprocessed medical devices market are ReNu Medical, Inc., Centurion Medical Products Corp., Hygia Health Services, Inc., MidWest Reprocessing Center, SterilMed, Inc., Medline ReNewal, SureTek Medical, Stryker Sustainability, and Vanguard AG.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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 Reprocessed Medical Devices - Technological Advancements, Evolving Industry Trends and Insights 2020 here

News-ID: 351550 • Views:

More Releases from TMR Market Research

Metrology Services Market to Expand at 8.2% CAGR from 2012 to 2018, Burgeoning A …
Metrology services involve providing talented metrologists and reliable instrumentation and software to original equipment manufacturers. A good service provider not only brings equipment to its clients, but also extends repair and calibration services, equipment rental, automation and systems integration of measurement equipment, training, tool design, and more. According to the report, the high adoption rate of computer-aided design (CAD) and computer-aided manufacturing (CAM) and statutes for international quality standards are the
Global Failure Analysis Equipment Market to Expand at 8.8% CAGR, Rapid Progressi …
Failure analysis equipment is used to determine anomalies in the functioning of various processes and systems across manufacturing, biotechnology, service, and other industries. The equipment is used to detect the reasons of breakdowns or errors at a preliminary stage, which can help accrue considerable savings over time. The report states that rapid progression in nanotechnology, combined with the development of the medical sector in Asia Pacific, are the foremost reasons driving
Global Electric Motors Market Looks to Expansion of Automotive Sector, Set to Ri …
The competitive landscape of the global electric motors market includes players such as Baldor Electric Company Inc., Johnson Electric Holdings Ltd., Danaher Motion LLC, Ametek Inc., Siemens AG, Allied Motion Technologies Inc., Brook Crompton UK Ltd., and Franklin Electric Co. Inc. The market is highly fragmented with a number of international and domestic players trying to expand their businesses. This has restricted the established international brands from entering into new
User Preference for Improved Smart Devices Spurs Embedded Systems Manufacture Ra …
The leaders in the global embedded microcontroller systems market in 2014 were Renesas Electronics Corporation, Freescale Semiconductor, and Samsung Electronics Corporation. The three held a collective share of 54.8% of the market value in 2014.  As for embedded microprocessor systems, Intel Corporation, Qualcomm, Samsung Electronics, and Advanced Microdevices had collectively held a share 92% in terms of value in 2014.  Download PDF for Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=995 According to a new publication

All 4 Releases


More Releases for Medical

ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent
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 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