Reprocessed Medical Device market Report : Future forecast, Insights & Industry Analysis

Reprocessing is a regulated activity for manufacturing the medical devices that are conducted by third party or hospitals. The US Food and Drug Administration (FDA) requires third-party reprocessors to meet the same standards as originally manufactured single-use devices. Reprocessing is a common practice in the U.S. after the advent of “Honor Roll”, where hospitals were supposed to choose to reprocess single-use devices and 77% of Practice Green health Award winners in 2010 chose to reprocess medical devices with a combined savings of over USD 10.8 million. “Superbug” is the antibiotic resistance that is said to be associated with drug only while the medical device is equally responsible for it
According to Goldstein Research, in the Reprocessed Medical Device market Report the size is set to reach USD 5.12 billion by 2024, at a CAGR of 15% over the forecast years owing to reduce the hospital supply costs
The global reprocessed medical devices market is consolidated to a high degree due to the dominance of Medline Industries Inc., Ethicon (Johnson & Johnson), Stryker Sustainability Solutions, Hygia Health Services Inc. and Vanguard AG and these top five companies accounted for 94% of the global reprocessed medical devices market in 2016 and are likely to retain their dominance in the market in the forecast period.
Geographically, North America dominated the reprocessed medical device market in 2016while APAC and Latin America are the emerging reprocessed medical device market owing to strengthened distribution channels due to growing competitive intensity.

Global Reprocessed Medical Devices Market Segmentation
By Reprocessed Medical Device
 Cardiovascular Devices
 Laparoscopic Devices
 Gastroenterology Devices
 General Surgery Devices
 Orthopedic Devices
 Others (Ultrasound catheters, saw blade, etc)
By Product Type
 Portable
 Standalone
By End User
 Hospitals
 Homecare Settings
 Specialty Centers
 Medical Laboratories
Based on Geography
 North America (U.S. & Canada) Reprocessed Medical Devices Market {Market Share (%), Market Size (USD Billion)}
 Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Reprocessed Medical Devices Market {Market Share (%), Market Size (USD Billion)}
 Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Reprocessed Medical Devices Market {Market Share (%), Market Size (USD Billion)}
 Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Reprocessed Medical Devices Market {Market Share (%), Market Size (USD Billion)}
 Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Reprocessed Medical Devices Market {Market Share (%), Market Size (USD Billion)}
Further, for the in-depth analysis, Reprocessed Medical Devices Market Report encompasses the industry growth drivers, market challenges, risk analysis. The report covers the competitive landscape and current position of major players in the global Reprocessed Medical Devices Market. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Reprocessed Medical Devices market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
Our Reprocessed Medical Devices Market report comprises of the following companies as the key players: Centurion Medical Products Corporation, Hygia Health Services, Inc., Medline ReNewal, MidWest Reprocessing Center, ReNu Medical, Inc., Ethicon, Inc. (Johnson & Johnson), Stryker Sustainability Solutions, Inc., SureTek Medica
Overall, the report represents comprehensive synopsis on the global reprocessed medical devicemarket that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the futurel and Vanguard AG.
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