The Reprocessed Medical Device Market is projected to reach US$ 5,653.87 million by 2028 from US$ 2,087.36 million in 2021; it is expected to grow at a CAGR of 15% during the forecast period 2022 to 2028.
Reprocessed medical devices provide reliable patient care by further reducing hospital costs and providing environmental benefits. As hospitals around the world seek ways to reduce their healthcare spending, there are several third-party companies, distributors, and product manufacturers that offer reprocessing programs suitable for some medical devices. This network is being strengthened in developing countries by providing more opportunities for the reprocessed medical device business due to high unmet demand. The cost of a reprocessed unit can be nearly half the cost of a new unit, and choosing a reprocessed unit can provide significant cost savings. The healthcare industry is projected to save billions of dollars annually through reprocessing.
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Market Segments
By Product
- Cardiovascular medical devices
- Blood pressure cuffs/tourniquet cuffs
- Electrophysiology cables
- Cardiac stabilization and positioning devices
- Diagnostic electrophysiology catheters
- Deep vein compression sleeves (DVT)
- Gastroenterology and urology
- Gastroenterology biopsy devices
- Urology biopsy devices
- Orthopedic/arthroscopic
- Laparoscopic
- Harmonic scalpels
- Endoscopic trocars and components
- General surgery equipment
- Infusion pressure bags
- Balloon inflation devices
By End-use
- Ambulatory surgical centers
- Hospitals
Key Players
- Medline Industries, Inc.
- Arjo Medical Devices
- Stryker Corporation
- Innovative Health
- Teleflex Incorporated
- Johnson and Johnson Services, Inc.
- 3M
- Currie Medical Specialities, Inc
- STERIS plc
- Cardinal Health Inc.
- Vanguard AG
Scope of the Report
The research study analyzes the global Reprocessed Medical Device industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Reprocessed Medical Device Market Report
1. What was the Reprocessed Medical Device Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Reprocessed Medical Device Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Reprocessed Medical Device Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Reprocessed Medical Device market.
- The market share of the global Reprocessed Medical Device market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Reprocessed Medical Device market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Reprocessed Medical Device market.
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