Medical Device Reprocessing Market Analysis, Competitors/Players, Restraints 2024
The global medical device reprocessing market is expected to grow at a CAGR of 14.90% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Medical Device Reprocessing Market – Key Market Points:
The growth of this market is majorly driven by increasing number of surgical procedures, growing prevalence of chronic diseases, use of the low priced reprocessed medical devices as compared to new devices and increasing pressure to reduce medical waste due to environmental concerns. Various regional regulatory authorities are regulating the reprocessing practices. Due to the changing regulatory scenario for medical devices many new opportunities have come up for the market players in countries such as France and Japan. Lack of proper disposal mechanisms along with the continuous increase of medical waste is also the major driver for the medical devices reprocessed market. The increasing investments by the companies from India and China will boost the market in APAC with substantial growth.
Factors such as lack of awareness, negative perceptions about the quality of the equipment, low adoption and lack of regulatory guidelines are restraining the growth of the global medical device reprocessing market. Another restraining factor is that there is a risk of surgical site infections due to the use of reprocessed devices.
Medical Device Reprocessing Market – Market Segmentation:
The global medical device reprocessing market is segmented on the basis of product type, application, end user, and geography.
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By Product Type
• Reprocessed Device
• General Surgery
By End User
• Ambulatory Surgical Centers
• Community Healthcare
• Diagnostic Laboratories
Medical Device Reprocessing Market – Geographical Segmentation
• North America
• South America
• Middle East and Africa
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Medical Device Reprocessing Market – Competitive Landscape:
The global medical device reprocessing market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America medical device reprocessing market.
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