openPR Logo
Press release

Reprocessed Medical Devices Market size to grow at about 20% CAGR from 2016 to 2023

10-31-2016 11:13 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc

Global Market Insights, Inc.

Global Market Insights, Inc.

Reprocessed Medical Devices Market size was USD 1.12 billion in 2015, with revenue forecast to surpass USD 5 billion by 2023, growing at about 20% CAGR estimations from 2016 to 2023.

Reprocessed cardiovascular market accounted for over 58% of the overall share in 2015, as a result of growing use of products such as blood pressure cuffs, cardiac positioning and stabilization equipment and diagnostics electrophysiology catheters in numerous cardiac surgeries and blood pressure monitoring applications. The sector is forecast to grow at a CAGR of above 19% from 2016 to 2023. Among this segment, diagnostic electrophysiological catheters accounted for the largest share while positioning devices are predicted to be the fastest growing segment over the forecast timeframe.

North America reprocessed medical devices market share was over 50% of the global revenue generated in 2015. This was mainly on account of tangible cost savings and favorable regulatory landscape regarding sustainable waste disposal methods.

Request for an in-depth table of contents for this report @

Continuously increasing amount of medical wastes being generated along with the lack of proper disposal mechanisms is a major industry driver. There is increasing pressure to minimize the waste in light of environmental concerns. Benefits obtained over original equipment including initial cost savings as well as enhanced quality, coupled with favorable reprocessed medical device market price trend are also forecast to fuel revenue.

Increasing proclivity amongst medical professionals towards one time use reprocessed devices that serve as a patient safety measure owing to the reduction in risk of acquiring infections will favorably impact growth. Key growth restraint factors are the low awareness rates and the false negative perceptions about the quality of the equipment, along with low adoption. Another hindrance is the lack of appropriate regulatory guidelines.

Lower costs coupled with the strengthening network of distributors in emerging industries provide an opportunity for reprocessed medical devices market size. The European industry stood second in terms of revenue share in 2015, itis predicted to be driven by increasing awareness in healthcare savings leading to higher demand, steps taken by the government such as reduced funding, higher prices and operational costs for operative procedures for manufacturing original equipment.

The Asia Pacific reprocessed medical devices market share is predicted to witness high growth due to the increasing investment by the companies in countries like India and China in setting up manufacturing facilities along with attempts at cost reduction.

Make an inquiry for buying this report @

Based on the type of product, the global reprocessed medical devices market is divided into cardiovascular (blood pressure cuffs/tourniquet cuffs, electrophysiology cables, cardiac stabilization and positioning, diagnostic electrophysiology catheters and compression sleeves), gastroenterology, orthopedic/arthroscopic, laparoscopic, and general surgery equipment.

Laparoscopic equipment accounted for the second largest share as a consequence of rapidly increasing demand for minimally invasive techniques and is predicted to follow a similar trend in the coming years.
Hospitals account for nearly 40% of the revenue as owing to the increase in third party and in-house reprocessing caused by tremendous waste production. As per a report by the Association of Medical Device Reprocessors (AMDR), hospitals can save up to 50% of their equipment costs on using these aforementioned products.

Major companies in the global medical reprocessed devices market include Centurion Medical Products Corp., GE Healthcare, Hygia Health Services, Mediline ReNewal, Midwest Reprocessing Centre, ReNu Medical Inc., Siemens Healthcare, Soma Technology, Steril Med Inc., Stryker Sustainability, SureTek Medical, and Vanguard AG.

The companies are engaged in various strategic alliances like mergers and acquisitions and product approvals as this industry is highly competitive. For example, the acquisition of Nuvo-Med which manufactures Disimpactor class I medical devices used in the treatment of fecal impaction by Centurion Medical Products Corp. in January 2016. Intalere Choice signed an agreement with HYGIA Health Services to enhance the supply of reprocessed medical devices.

Key players also engage in sustainable waste reduction programs in an endeavor to strengthen their position in the industry and establish global presence.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688

This release was published on openPR.

Permanent link to this press release:

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 Market size to grow at about 20% CAGR from 2016 to 2023 here

News-ID: 377753 • Views: 1289

More Releases from Global Market Insights, Inc

Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition. Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This

All 5 Releases

More Releases for Med

Fetal Monitor Transducer market: New Prospects to Emerge by 2028 | Unimed Medica …
" The Fetal Monitor Transducer global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key
MARIETTA, GEORGIA- APRIL 29, 2019- CAS MED SPA is excited to announce its CoolSculpting service, as well as a money saving promotional code. Available on their website at, patients can save $200 off their treatment. Going on through SPRING 2019, CAS MED SPA offers their best deal ever, up to $1500 with the purchase of six or more treatments! CoolSculpting is a revolutionary way to eliminate body fat. Unlike liposuction
EuropeSpa med quality standards published in book form
Internationally valid quality and safety criteria for health and medical wellness listed in a comprehensive compendium Stuttgart/Wiesbaden, 3 September 2012 | The European Spas Association has published the EuropeSpa med criteria for medical spas and medical wellness providers. The book Quality Standard for Medical Spas and Medical Wellness Providers in Europe was unveiled today by publishing house Schweizerbart Verlag ( in Stuttgart. For the first time, this compendium sets out about
Nano Med Tech Hires Stateside Sales Team
Nano Med Tech, a newly emerging leader in nano-technological cancer research and treatment, announced that its sales team for America is in place and that stateside medical marketing will commence, soon. With a Commercial Director and eight account managers in place, Nano Med Tech will now seek to make its technology available in medical institutions throughout the United States. The organization has received USFDA approval for several patented medical devices, which utilize advanced
Nano Med Tech Announces Launch of New Website
Nano Med Tech, which has rapidly expanded its operations in the wake of recent progress in the area of malignant cell targeting, is pleased to announce the launch of its new website. The organization, which is on the cutting edge of nano-technology research and application, has officially launched its redesigned and updated website. “While it took awhile to get a product we were ultimately happy with, we couldn’t be
Med Yones to Give Keynote at Geneva Conference
June 16, 2009 - Geneva, Switzerland, Med Yones, the renowned economic expert who predicted the global economic crisis, will give a keynote speech at the 10th Family Investment Workshop taking place on June 23 & 24 in Geneva. The workshop provides an exclusive forum for world's leading families. This year's conference will address the new global investment environment and the changing world order. Mr. Yones will speak about investment best