Rising pressure to reduce medical waste on medical organization due to environmental concerns are the major factors driving the global reprocessed medical devices market. In the next few years the demand for reprocessed medical devices is expected to increase significantly in the emerging economies such as China and India due to rising population base and emphasis on cost reduction. Moreover, rising concerns over reducing medical waste in also driving factor that would drive the global reprocessed medical devices market.
The devices type studied for analyzing the overall reprocessed medical devices market are cardiovascular medical devices, orthopedic medical devices, gastroenterology medical devices, general surgery medical devices, and laparoscopic surgery medical devices. Market size and forecast for this segments for the period 2014-2023 are provided in this study along with respective CAGRs for the forecast period 2016-2023
Market size and forecast for these regional and country level markets are presented in this study for the period 2014-2023. Market growth rates for the forecast period 2016-2023 are also included in this report, considering 2015 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global reprocessed medical devices market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global reprocessed medical devices market. This report concludes with company profiles section that highlights major information about the key players engaged in reprocessed medical devices market.
Type of Device Segmentation Investigation
Reprocessed medical devices are the devices that health care providers can reuse to diagnose and treat multiple patients. To avoid any risk of infection by a contaminated device, reusable medical devices undergo detailed reprocessing, to clean and then disinfect or sterilize them such that it can remain effective and safe for clinical application. The global reprocessed medical devices have been segmented into five major categories, such as cardiovascular devices, orthopedic devices, gastroenterology medical devices, general surgery medical devices, and laparoscopic surgery medical devices. Cardiovascular medical devices are further divided into blood pressure cuffs/tourniquet cuffs, cardiac stabilization and positioning devices, diagnostic electrophysiology catheters, electrophysiology cables, pulse oximeter sensors, and compression devices. Orthopedic medical devices include external fixation devices, gastroenterology medical devices include biopsy forceps, general surgery medical devices include balloon inflation devices, and infusion pressure bags. The laparoscopic surgery medical devices include endoscopic trocars and components and harmonic scalpels. The cardiovascular medical devices segment held the largest share in 2015 and is expected to exhibit highest growth rate during the forecast period of 2016-2023. The growth is subjected to the reduced prices of the devices, and growing pressure to reduce the healthcare expenditure among the hospital authorities.
The geographical segmentation of the global reprocessed medical devices market comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. In base year 2015, North America accounted for the largest market in the global reprocessed medical devices market due to the rising pressure of managing hospital expenditure among hospital authorities in the region. Moreover, reduced pricing and improved quality of reprocessed medical devices are some of the other factors driving the reprocessed medical devices market in the region. Asia Pacific is expected to grow at a highest rate during the forecast period due to the population and untapped opportunities in emerging economies. Moreover, increasing emphasis on the cost reduction of the medical devices in the developing countries would further fuel the reprocessed medical devices market in the region
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Reprocessed Medical Devices market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Device Type
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
