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Global Medical Device Reprocessing MarketSize, Trends and Growth Opportunity, By Type (Enzymatic, Non-Enzymatic Detergent), By Product and Service (Reprocessing Support and Services, Reprocessed Medical Devices), By Process (Presoak, Manual Cleaning, Automatic Cleaning, Disinfection), By Devices Type (Critical Devices, Semi-Critical Devices, Non-Critical Devices), By Application (Devices, Accessories), By End User (Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Manufacturers, Ambulatory Surgical Centers, Others), By Region and forecast till 2027.


Report ID : IR100142 | Industries : Healthcare | Published On :May 2024 | Page Count : 251

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  • Global Medical Device Reprocessing MarketSize, Trends and Growth Opportunity, By Type (Enzymatic, Non-Enzymatic Detergent), By Product and Service (Reprocessing Support and Services, Reprocessed Medical Devices), By Process (Presoak, Manual Cleaning, Automatic Cleaning, Disinfection), By Devices Type (Critical Devices, Semi-Critical Devices, Non-Critical Devices), By Application (Devices, Accessories), By End User (Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Manufacturers, Ambulatory Surgical Centers, Others), By Region and forecast till 2027.
    Global Medical Device Reprocessing Market
    Global Medical Device Reprocessing Market was valued at USD 4,074.05 million in 2021 and is slated to reach at USD 8,502.6 million by 2027 at a CAGR of 12.60% from 2022-2027.
    A medical device is any equipment designed to be used for medical purposes. Medical equipment's intended use differs from that of common gadgets. Medical equipmenthelps in the diagnosis, treatment, and improvement of patients' health. Reprocessing is the treatment of materials to make them reusable. Reprocessing includes cleaning, sanitising, sterilising, reconditioning, mending, and refurbishing medical devices.
    Market Drivers
    The cost difference between the original medical gadget and the remanufactured version is 40% to 60%. The adoption of these inexpensive solutions helps businesses save a lot of money, making them very accessible at very low prices and driving the medical device reprocessing market ahead.Throughout the forecast period, the dynamics of the market are influenced by the rising prevalence rate of chronic illnesses. The market for medical device reprocessing is growing since more people are being diagnosed with chronic diseases and having more surgeries as a result.Additionally, the development of the medical device reprocessing market would be influenced by the favourable regulatory environment regarding sustainable waste disposal options. Coupled with this, the market for medical device reprocessing is being driven by an increase in the utilisation of reprocessed goods in various cardiac procedures and blood pressure monitoring applications. Also, the growing elderly population and rising standard of living will accelerate market expansion. One of the main factors driving the market for medical device reprocessing is the rise in spending on healthcare infrastructure.
    The expansion of the medical device reprocessing market will also be helped by the growing number of research and development activities. Also, throughout the anticipated period, the rising number of new markets and growing bio-banking situations would offer favourable prospects for the expansion of the medical device reprocessing market. The market will expand faster as reprocessing of medical devices is more outsourced and becomes more integrated into workflow.
    Market Restraints
    The market is being hampered by the risk of surgical site infection transmission posed by the use of reprocessed devices. The reprocessing technique is also a complex and sophisticated process, which can restrain the development of the medical device reprocessing market.On the other hand, rigorous laws governing medical equipment reprocessing procedures will present a challenge to the market. Also, throughout the projection period, the emergence of unfavourable conditions as a result of the COVID-19 epidemic and lack of awareness would act as a restraint and further hinder the growth rate of the market.
    Impact of COVID-19
    The need for medical supplies to treat infected individuals has grown. In primary clinical care, respiratory support devices such atomizers, life support machines, oxygen generators, and monitors are most frequently employed. Moreover, COVID-19 has caused a large rise in demand for medical supplies such masks, gloves, and safety glasses. The demand for medical supplies among both healthcare professionals and the general public has significantly increased as a result of the sharp rise of COVID-19 cases around the world. To ensure a consistent supply of personal protective equipment on the market, manufacturers of these products have the chance to capitalise on the growing need for medical supplies. So, it is anticipated that COVID 19 will significantly affect the global medical device reprocessing market
    Recent Development
    Stryker established a multiyear national partnership with minor league baseball in April 2021, designating the medical device company as the official smart robotics joint replacement partner. This relationship establishes a solid foundation for future growth and reputation.
    Market Segmentation
    Global Medical Device Reprocessing Market is segmented into Type, Product and Services, Process, Devices Type, Application, and End-User. By Type such as Enzymatic, Non-Enzymatic Detergent. By Product and Services such as Reprocessing Support and Services, Reprocessed Medical Devices. By Process such as Presoak, Manual Cleaning, Automatic Cleaning, Disinfection. By Devices Type such as Critical Devices, Semi-Critical Devices, Non-Critical Devices. By Application such as Devices, Accessories. By End-User such as Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Manufacturers, Ambulatory Surgical Centers, Others.
    Regional Analysis
    Global Medical Device Reprocessing Market is segmented intofive regions Americas, Europe, Asia-Pacific, and the Middle East & Africa.North America dominates the medical device reprocessing market due to the important players with large GDP in this area. Also, rising engagement PDA guidelines and a developing medical recycled devices situation would boost the market's growth rate in this area.Asia-Pacific is predicted to rise during the forecast period because to technical advancements in automation and fast rising product utilisation in this area.
    Key Players
    This report includes a list of numerous Key Players, namelyStryker (US), Cardinal Health (US), Medline Industries, Inc. (US), Johnson & Johnson Private Limited (US), Baxter (US), 3M (US), Cantel Medical (US), STERIS (US), EverX (US), Vanguard AG (US).
    Market Taxonomy
    By Type
    • Enzymatic
    • Non-Enzymatic Detergent
    By Product and Service
    • Reprocessing Support and Services
    • Reprocessed Medical Devices
    By Process
    • Presoak
    • Manual Cleaning
    • Automatic Cleaning
    • Disinfection
    By Devices Type
    • Critical Devices
    • Semi-Critical Devices
    • Non-Critical Devices
    By Application
    • Devices
    • Accessories
    By End User
    • Hospitals
    • Clinics
    • Home Healthcare
    • Diagnostic Centers
    • Manufacturers
    • Ambulatory Surgical Centers
    • Others
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa.

     

    Global Medical Device Reprocessing Market TOC:
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Medical Device Reprocessing Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Medical Device Reprocessing Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Global Medical Device Reprocessing Market Share Analysis, By Type
    5.3 Global Medical Device Reprocessing Market Size and Forecast, By Type
    5.3.1 Enzymatic
    5.3.2 Non-Enzymatic Detergent
    6 Global Medical Device Reprocessing Market, By Product and Service
    6.1 Y-o-Y Growth Comparison, By Product and Service
    6.2 Global Medical Device Reprocessing Market Share Analysis, By Product and Service
    6.3 Global Medical Device Reprocessing Market Size and Forecast, By Product and Service
    6.3. 1 Reprocessing Support and Services
    6.3.2 Reprocessed Medical Devices
    7 Global Medical Device Reprocessing Market, By Process
    7.1 Y-o-Y Growth Comparison, By Process
    7.2 Global Medical Device Reprocessing Market Share Analysis, By Process
    7.3 Global Medical Device Reprocessing Market Size and Forecast, By Process
    7.3.1 Presoak
    7.3.2 Manual Cleaning
    7.3.3 Automatic Cleaning
    7.3.4 Disinfection
    8 Global Medical Device Reprocessing Market, By Devices Type
    8.1 Y-o-Y Growth Comparison, By Devices Type
    8.2 Global Medical Device Reprocessing Market Share Analysis, By Devices Type
    8.3 Global Medical Device Reprocessing Market Size and Forecast, By Devices Type
    8.3.1 Critical Devices
    8.3.2 Semi-Critical Devices
    8.3.3 Non-Critical Devices
    9 Global Medical Device Reprocessing Market, By Application
    9.1 Y-o-Y Growth Comparison, By Application
    9.2 Global Medical Device Reprocessing Market Share Analysis, By Application
    9.3 Global Medical Device Reprocessing Market Size and Forecast, By Application
    9.3.1 Devices
    9.3.2 Accessories
    10 Global Medical Device Reprocessing Market, By End User
    10.1 Y-o-Y Growth Comparison, By End User
    10.2 Global Medical Device Reprocessing Market Share Analysis, By End User
    10.3 Global Medical Device Reprocessing Market Size and Forecast, By End User
    10.3.1 Hospitals
    10.3.2 Clinics
    10.3.3 Home Healthcare
    10.3.4 Diagnostic Centers
    10.3.5 Manufacturers
    10.3.6 Ambulatory Surgical Centers
    10.3.7 Others
    11Global Medical Device Reprocessing Market, By Region
    11.1 Global Medical Device Reprocessing Market Share Analysis, By Region
    11.2 Global Medical Device Reprocessing Market Share Analysis, By Region
    11.3 Global Medical Device Reprocessing Market Size and Forecast, By Region
    12 North AmericaMedical Device Reprocessing Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 North AmericaMedical Device Reprocessing Market Share Analysis, By Type
    12.3 North AmericaMedical Device Reprocessing Market Size and Forecast, By Product and Service
    12.4 North AmericaMedical Device Reprocessing Market Size and Forecast, By Process
    12.5 North AmericaMedical Device Reprocessing Market Size and Forecast, By Devices Type
    12.6 North AmericaMedical Device Reprocessing Market Size and Forecast, By Application
    12.7 North AmericaMedical Device Reprocessing Market Size and Forecast, By End User
    12.8 North AmericaMedical Device Reprocessing Market Size and Forecast, By Country
    12.8.1 U.S.
    12.8.2 Canada
    12.8.3 Mexico
    13 EuropeMedical Device Reprocessing Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Europe Medical Device Reprocessing Market, Share Analysis, By Type
    13.3 Europe Medical Device Reprocessing Market, Size and Forecast, By Product and Service
    13.4 Europe Medical Device Reprocessing Market, Size and Forecast, By Devices Type
    13.5 Europe Medical Device Reprocessing Market, Size and Forecast, By Process
    13.6 Europe Medical Device Reprocessing Market, Size and Forecast, By Application
    13.7 Europe Medical Device Reprocessing Market, Size and Forecast, By End User
    13.8 Europe Medical Device Reprocessing Market, Size and Forecast, By Country
    13.8.1 Germany
    13.8.2 France
    13.8.3 UK
    13.8.4. Rest of Europe
    14Asia Pacific Medical Device Reprocessing Market Analysis and Forecast (2022-2027)
    14.1 Introduction
    14.2 Asia Pacific Medical Device Reprocessing Market, Share Analysis, By Type
    14.3 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Product and Service
    14.4 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Devices Type
    14.5 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Process
    14.6 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Application
    14.7Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By End User
    14.8 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Country
    14.8.1 China 
    14.8.2 Japan
    14.8.3 India
    14.8.4. Rest of Asia Pacific
    15Latin America Medical Device Reprocessing Market Analysis and Forecast (2022-2027)
    15.1 Introduction
    15.2 Latin America Medical Device Reprocessing Market, Share Analysis, By Type
    15.3 Latin America Medical Device Reprocessing Market, Size and Forecast, By Product and Service
    15.4 Latin America Medical Device Reprocessing Market, Size and Forecast, By Devices Type
    15.5 Latin America Medical Device Reprocessing Market, Size and Forecast, By Process
    15.6 Latin America Medical Device Reprocessing Market, Size and Forecast, By Application
    15.7 Latin America Medical Device Reprocessing Market, Size and Forecast, By End User
    15.8 Latin America Medical Device Reprocessing Market, Size and Forecast, Country
    15.8.1. Brazil
    15.8.2.Rest of Latin America
    16Middle East Medical Device Reprocessing Market Analysis and Forecast (2022-2027)
    16.1 Introduction
    16.2 Middle East Medical Device Reprocessing Market, Share Analysis, By Type
    16.3 Middle East Medical Device Reprocessing Market, Size and Forecast, By Product and Service
    16.4 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Devices Type
    16.5 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Process
    16.6 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Application
    16.7 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By End User
    16.8 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Country
    16.8.1. Saudi Arabia
    16.8.2. UAE
    16.8.3. Egypt
    16.8.4. Kuwait
    16.8.5. South Africa
    17Competitive Analysis
    17.1 Competition Dashboard
    17.2 Market share Analysis of Top Vendors
    17.3 Key Development Strategies
    18 Company Profiles
    18.1 Stryker (US)
    18.1.1 Overview
    18.1.2 Offerings
    18.1.3 Key Financials
    18.1.4 Business Segment & Geographic Overview
    18.1.5 Key Market Developments
    18.1.6 Key Strategies
    18.2Cardinal Health (US)
    18.2.1 Overview
    18.2.2 Offerings
    18.2.3 Key Financials
    18.2.4 Business Segment & Geographic Overview
    18.2.5 Key Market Developments
    18.2.6 Key Strategies
    18.3Medline Industries, Inc. (US)
    18.3.1 Overview
    18.3.2 Offerings
    18.3.3 Key Financials
    18.3.4 Business Segment & Geographic Overview
    18.3.5 Key Market Developments
    18.3.6 Key Strategies
    18.4 Johnson & Johnson Private Limited (US)
    18.4.1 Overview
    18.4.2 Offerings
    18.4.3 Key Financials
    18.4.4 Business Segment & Geographic Overview
    18.4.5 Key Market Developments
    18.4.6 Key Strategies
    18.5 Baxter (US)
    18.5.1 Overview
    18.5.2 Offerings
    18.5.3 Key Financials
    18.5.4 Business Segment & Geographic Overview
    18.5.5 Key Market Developments
    18.5.6 Key Strategies
    18.6 3M (US)
    18.6.1 Overview
    18.6.2 Offerings
    18.6.3 Key Financials
    18.6.4 Business Segment & Geographic Overview
    18.6.5 Key Market Developments
    18.6.6 Key Strategies
    18.7 Cantel Medical (US)
    18.7.1 Overview
    18.7.2 Offerings
    18.7.3 Key Financials
    18.7.4 Business Segment & Geographic Overview
    18.7.5 Key Market Developments
    18.7.6 Key Strategies 
    18.8 STERIS (US)
    18.8.1 Overview
    18.8.2 Offerings
    18.8.3 Key Financials
    18.8.4 Business Segment & Geographic Overview
    18.8.5 Key Market Developments
    18.8.6 Key Strategies
    18.9 EverX (US)
    18.9.1 Overview
    18.9.2 Offerings
    18.9.3 Key Financials
    18.9.4 Business Segment & Geographic Overview
    18.9.5 Key Market Developments
    18.9.6 Key Strategies
    18.10Vanguard AG (US)
    18.10.1 Overview
    18.10.2 Offerings
    18.10.3 Key Financials
    18.10.4 Business Segment & Geographic Overview
    18.10.5 Key Market Developments
    18.10.6 Key Strategies