Medical Device Reprocessing Market to Reach $4.28 Billion by 2028, Driven by Sustainable Practices and Value-Based Care

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Medical Device Reprocessing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.28 billion In 2028 At A CAGR Of 15.4%.

The medical device reprocessing market size has grown rapidly in recent years. It will grow from $2.09 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to cost containment pressures, regulatory evolution, increased environmental awareness, demand for single-use device alternatives, hospital budget constraints.

The medical device reprocessing market size is expected to see rapid growth in the next few years. It will grow to $4.28 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to rising demand for sustainable practices, global healthcare spending patterns, increasing focus on value-based care, expansion in emerging markets, consumer confidence and acceptance. Major trends in the forecast period include advanced disinfection techniques, sustainable packaging and material innovation, circular economy initiatives, hybrid reprocessing models, focus on remote reprocessing technologies.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=12228&type=smp

Medical Device Reprocessing Market Major Segments
The medical device reprocessing market covered in this report is segmented -
1) By Type: Reprocessing support and Services, Reprocessing Medical Devices
2) By Device Category: Critical Devices, Semi-Critical Devices, Non-Critical Devices
3) By Application: Cardiology, Gastroenterology, Gynecology, Orthopedic, General Surgery, Other Applications
4) By End-Use: Hospital, Ambulatory Service Centers, Home Healthcare

Key Driver - Surge In Surgical Procedures Fuels Growth Of Medical Device Reprocessing Market
An increase in surgical procedures is expected to propel the growth of the medical device reprocessing market going forward. Surgical procedures refer to medical treatment that involves making an incision and using tools to cure or repair disease in a living body. Reprocessing involves removing blood, tissue, and other biological waste from equipment and inactivating infectious microorganisms to ensure that it is clean and safe for the patient who will use it next. For instance, in 2022, according to the British Heart Foundation, a UK-based a cardiovascular research charity, points that in UK surgical procedures, transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI), increased from 5676 in 2019/20 to 6328 in 2020/21. Therefore, an increase in surgical procedures is driving the growth of the medical device reprocessing market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=12228&type=smp

Prominent Trend - Technology Advancements In The Medical Device Reprocessing Market
Technological advancements are a key trend gaining popularity in the medical device reprocessing market. Major companies operating in the medical device reprocessing market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Getinge, a Sweden-based medical technology company, launched an updated version of the endoscope washer-disinfector, an ED-Flow automated endoscope reprocessor. Customers of Getinge's endoscope reprocessing unit will benefit from the facility's higher level of digital connectivity and data management, increasing uptime and productivity. It uses traceability software, T-DOC, with ED-Flow. ED-Flow efficiently handles flexible endoscope leak testing, cleaning, and high-level disinfection with practical, trustworthy outcomes.

Medical Device Reprocessing Market Players
Major companies operating in the medical device reprocessing market report are Cardinal Health, Johnson & Johnson Services Inc., Abbott, Medtronic PLC, Danaher, Hill-Rom Holdings Inc., Fresenius Medical Care, Medline Industries Inc., Stryker Corporation, GE Healthcare, Boston Scientific, Fujifilm Medical Systems, Zimmer Biomet, Olympus Corporation, Intuitive Surgical, Hologic, STERIS Healthcare, Getinge AB, Teleflex Inc., Centurion Medical Inc., Vanguard AG, SteriPro, Medivators Inc., Hygia Healthcare LLC, Innovative Health, LUMITOS AG, SureTek Medical, 3M Health Care, ArjoHuntleigh, Northeast Scientific

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/medical-device-reprocessing-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the medical device reprocessing market in 2023. Europe is expected to be the fastest-growing region in the medical device reprocessing market report during the forecast period. The regions covered in the medical device reprocessing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Medical Device Reprocessing Market Report Structure
3. Medical Device Reprocessing Market Trends And Strategies
4. Medical Device Reprocessing Market - Macro Economic Scenario
5. Medical Device Reprocessing Market Size And Growth
…..
27. Medical Device Reprocessing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.