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Global Reprocessed Medical Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

  • Published Date: 06 Nov 2017
  • Number of Pages: 220
  • Category: Healthcare and Medical
  • Country: Global
Global Reprocessed Medical Devices Market:

Global reprocessed medical devices market estimated to be valued US$ XX Mn in 2017 and poised to grow at CAGR of XX% over 2017-2023. Market for reprocessed medical devices is projected to reach US$ XX Mn by 2023.

Reprocessing is an important part in life cycle of medical device in both developed and emerging economies globally. Reprocessing of medical devices is a process of disinfecting, cleaning, testing, sterilizing, packaging, labelling and remanufacturing of used, undamaged & expired medical devices to make it ready for the patient use at reduced and affordable cost. Its been observed that the reprocessing of medical devices in the emerging countries is directed at decreasing hospital supply costs, which sometimes compromises with safety of the patients. Reprocessed medical devices are the devices which are refurbished and reuse again. The reprocessing of medical devices should follow an authentic process which furnish it fit for the use. In order to reprocess the device factors like life cycle, efficacy, and the potential risk to patient and components used for the manufacture of devices are taken into the consideration.

The global reprocessed medical devices market is anticipated to show sturdy growth during the forecast period owing to significance on reducing the medical waste, rise in the demand of the reprocessed medical devices that are expected to rise the growth of market. Reprocessed medical devices market is propelling by the low-cost, safety for the medical applications and others are likely to boost the demand for the reprocessed medical devices around the globe. Moreover, Government initiatives in collaboration with several private healthcare organizations to promote reprocessed medical devices are driving the demand of reprocessed medical devices across the globe. However, the presence of the negative perceptions related to the quality of reprocessed medical devices and less adoption of the reprocessed medical devices due to the infection are the some of the factors that are likely to hamper the growth of the reprocessed medical device market across the globe.

The global reprocessed medical device market is segmented on the basis of product type, application, end-user, and regions

Based on product type, the global reprocessed medical device segmented as:

Cardiovascular Medical Devices
Cardiac Stabilization and Positioning Devices
Blood Pressure Cuffs/Tourniquet Cuffs
Electrophysiology Cables
Deep Vein Compression Sleeves (DVT)
Diagnostic Electrophysiology Catheters
Laparoscopic Medical Devices
Harmonic Scalpels
Endoscopic Trocars and Components
General Surgery Medical Devices
Infusion Pressure Bags
Balloon Inflation Devices
Orthopaedic/ Arthroscopic Medical Devices
External Fixation Devices
Gastroenterology Medical Devices
Biopsy Forceps

Based on end-user, the global reprocessed medical device segmented as:

Hospitals
Clinics
Ambulatory Surgical Centres
Community Healthcare
Diagnostic Laboratories
Others

Medical device reprocessing became one of the most important supply chain cost reduction strategies in the US hospitals due to reprocessing of devices for the hospitals to maintain the patient care quality while saving substantial costs. Reprocessed medical device industry is a mixture of unorganized and organized players. Dominance of the unorganized players has led to the reduction in device cost over the past few years. This factor is projected to spike the consumption of reprocessed medical devices by physicians, creating a winning situation for the market players. Reprocessed medical device market is driving the effort to keep the high-quality standards and expand the value from medical devices. Hospitals are largest consumer segments of the reprocessed medical devices. The rate of adoption of the reprocessed medical devices is showing remarkable increase among hospitals operating under limited budgets and the long-term cost efficacy. For example, as per to the AMDR (Association of Medical Device Reprocessors) in U.S., nearly there are 3,000 hospitals with medical device reprocessing programs.

Based on the geographical regions, the global reprocessed medical devices market segmented into five key regions: Europe, North America, Latin America Asia-Pacific, and Middle East & Africa.North America is anticipated to be largest market in terms of the reprocessed medical devices production and followed by Europe. The presence of government-funded & privately held waste management and recycling companies, availability of the advancements in the technologyfor the reprocessing and sanitization of the medical devices is contributing the growth of the reprocessed medical devices market. Based on the consumption, AsiaPacific region is anticipated to exhibit highest demand for the reprocessed medical devices due to the price sensitive customer base and large pool of population driving demand for affordable medical devices.

Some players in the global reprocessed medical devices market are Medline ReNewal (U.S.), Johnson & Johnson (U.S.), Stryker Corporation (U.S.), Vanguard AG (Germany), SteriPro Canada, Inc.(Canada), Pioneer Medical Devices AG (Germany), HYGIA Health Services, Inc. (U.S.), Vascular Solutions, Inc. (U.S.), ReNu Medical, Inc. (U.S.), Centurion Medical Products Corporation (U.S.). and SureTek Medical (U.S.)

In April 2017, The European Union passed a comprehensive new EU wide Medical Device Regulation (MDR). For SUD (Single Used Devices) reprocesses, this is a major development as Europe now has in place a manufacturer regulatory path for reprocessed SUDs

In November 2011, Ethicon Endo-Surgery, Inc. medical devices company acquired SterilMed, Inc. US-based reprocessing & remanufacturing company of single-use medical devices

Report Outline:

The report provides granular level information about the market size, regional market share and forecast from 2017-2023
The report covers in-detail insights about the competitors overview, key findings and their key strategies
The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
The report tracks recent innovations, key developments and startups details that are working in the industry
The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Publisher Name : Precision Business Insights
1. Executive summary
2. Global Reprocessed Medical Devices Market Introduction
2.1. Global Reprocessed Medical Devices Market Taxonomy
2.2. Global Reprocessed Medical Devices MarketDefinitions
2.2.1. Product Type
2.2.2. End User
3. Global Reprocessed Medical Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Reprocessed Medical Devices Market Dynamics Factors Impact Analysis
3.6. Global Reprocessed Medical Devices Market Regulations
3.6.1. U.S
3.6.2. Europe
3.6.3. Japan
4. Global Reprocessed Medical Devices Market Analysis, 2012 - 2016 and Forecast, 2017 2023
4.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Oppurtunity Analysis
5. Global Reprocessed Medical Devices Market, By Product Type, 2012 - 2016 and Forecast, 2017 - 2023
5.1. Cardiovascular Medical Devices
5.1.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Laparoscopic Medical Devices
5.2.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Orthopedic/ Arthroscopic Medical Devices
5.3.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Reprocessed Medical Devices Market Forecast, By End User, 2012 - 2016 and Forecast, 2017 - 2023
6.1. Hospitals
6.1.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Clinics
6.2.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Ambulatory Surgical Centres
6.3.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Community Healthcare
6.4.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Diagnostic Laboratories
6.5.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Reprocessed Medical Devices Market Forecast, By Region, 2012 - 2016 and Forecast, 2017 - 2023
7.1. North America
7.1.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2012 2016 and Forecast, 2017 2023 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Reprocessed Medical Devices Market- Opportunity Analysis Index - By Product Type, By End User, and Region, 2017 2023
8. North America Reprocessed Medical Devices Market Analysis, 2012 - 2016 and Forecast, 2017 - 2023
8.1.1. Product Type Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1.1. Cardiovascular Medical Devices
8.1.1.1.1. Cardiac Stabilization and Positioning Devices
8.1.1.1.2. Blood Pressure Cuffs/Tourniquet Cuffs
8.1.1.1.3. Electrophysiology Cables
8.1.1.1.4. Deep Vein Compression Sleeves (DVT)
8.1.1.1.5. Diagnostic Electrophysiology Catheters
8.1.1.2. Laparoscopic Medical Devices
8.1.1.2.1. Harmonic Scalpels
8.1.1.2.2. Endoscopic Trocars and Components
8.1.1.2.3. General Surgery Medical Devices
8.1.1.2.4. Infusion Pressure Bags
8.1.1.2.5. Balloon Inflation Devices
8.1.1.3. Orthopedic/ Arthroscopic Medical Devices
8.1.1.3.1. External Fixation Devices
8.1.1.3.2. Gastroenterology Medical Devices
8.1.1.3.3. Biopsy Forceps
8.1.2. End User Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.1.2.1. Hospitals
8.1.2.2. Clinics
8.1.2.3. Ambulatory Surgical Centres
8.1.2.4. Community Healthcare
8.1.2.5. Diagnostic Laboratories
8.1.2.6. Others
8.1.3. Country Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.1.3.1. U.S.
8.1.3.2. Canada
8.1.4. North America Reprocessed Medical Devices Market- Opportunity Analysis Index - By Product Type, By Surgery, By End User, and Country, 2017 2023
8.1.5. North America Reprocessed Medical Devices Market Dynamics Trends
9. Europe Reprocessed Medical Devices Market Analysis, 2012 - 2016 and Forecast, 2017 - 2023
9.1.1. Product Type Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1.1. Cardiovascular Medical Devices
9.1.1.1.1. Cardiac Stabilization and Positioning Devices
9.1.1.1.2. Blood Pressure Cuffs/Tourniquet Cuffs
9.1.1.1.3. Electrophysiology Cables
9.1.1.1.4. Deep Vein Compression Sleeves (DVT)
9.1.1.1.5. Diagnostic Electrophysiology Catheters
9.1.1.2. Laparoscopic Medical Devices
9.1.1.2.1. Harmonic Scalpels
9.1.1.2.2. Endoscopic Trocars and Components
9.1.1.2.3. General Surgery Medical Devices
9.1.1.2.4. Infusion Pressure Bags
9.1.1.2.5. Balloon Inflation Devices
9.1.1.3. Orthopedic/ Arthroscopic Medical Devices
9.1.1.3.1. External Fixation Devices
9.1.1.3.2. Gastroenterology Medical Devices
9.1.1.3.3. Biopsy Forceps
9.1.2. End User Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.2.1. Hospitals
9.1.2.2. Clinics
9.1.2.3. Ambulatory Surgical Centres
9.1.2.4. Community Healthcare
9.1.2.5. Diagnostic Laboratories
9.1.2.6. Others
9.1.3. Country Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.3.1. Germany
9.1.3.2. UK
9.1.3.3. France
9.1.3.4. Spain
9.1.3.5. Italy
9.1.3.6. Russia
9.1.3.7. Poland
9.1.3.8. Rest of Europe
9.1.4. Europe Reprocessed Medical Devices Market- Opportunity Analysis Index - By Product Type, By End User, and Country, 2017 2023
9.1.5. Europe Reprocessed Medical Devices Market Dynamics Trends
10. Asia-Pacific Reprocessed Medical Devices Market Analysis, 2012 - 2016 and Forecast, 2017 - 2023
10.1.1. Product Type Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1.1. Cardiovascular Medical Devices
10.1.1.1.1. Cardiac Stabilization and Positioning Devices
10.1.1.1.2. Blood Pressure Cuffs/Tourniquet Cuffs
10.1.1.1.3. Electrophysiology Cables
10.1.1.1.4. Deep Vein Compression Sleeves (DVT)
10.1.1.1.5. Diagnostic Electrophysiology Catheters
10.1.1.2. Laparoscopic Medical Devices
10.1.1.2.1. Harmonic Scalpels
10.1.1.2.2. Endoscopic Trocars and Components
10.1.1.2.3. General Surgery Medical Devices
10.1.1.2.4. Infusion Pressure Bags
10.1.1.2.5. Balloon Inflation Devices
10.1.1.3. Orthopedic/ Arthroscopic Medical Devices
10.1.1.3.1. External Fixation Devices
10.1.1.3.2. Gastroenterology Medical Devices
10.1.1.3.3. Biopsy Forceps
10.1.2. End User Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.2.1. Hospitals
10.1.2.2. Clinics
10.1.2.3. Ambulatory Surgical Centres
10.1.2.4. Community Healthcare
10.1.2.5. Diagnostic Laboratories
10.1.2.6. Others
10.1.3. Country Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn),
Y-o-Y Growth (%), and Market Share (%)
10.1.3.1. Japan
10.1.3.2. China
10.1.3.3. India
10.1.3.4. ASEAN
10.1.3.5. Australia & New Zealand
10.1.3.6. Rest of Asia-Pacific
10.1.4. Asia-Pacific Reprocessed Medical Devices Market- Opportunity Analysis Index - By Product Type, By End User, and Country, 2017 2023
10.1.5. Asia-Pacific Reprocessed Medical Devices Market Dynamics Trends
11. Latin America Reprocessed Medical Devices Market Analysis, 2012 - 2016 and Forecast, 2017 - 2023
11.1.1. Product Type Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1.1. Cardiovascular Medical Devices
11.1.1.1.1. Cardiac Stabilization and Positioning Devices
11.1.1.1.2. Blood Pressure Cuffs/Tourniquet Cuffs
11.1.1.1.3. Electrophysiology Cables
11.1.1.1.4. Deep Vein Compression Sleeves (DVT)
11.1.1.1.5. Diagnostic Electrophysiology Catheters
11.1.1.2. Laparoscopic Medical Devices
11.1.1.2.1. Harmonic Scalpels
11.1.1.2.2. Endoscopic Trocars and Components
11.1.1.2.3. General Surgery Medical Devices
11.1.1.2.4. Infusion Pressure Bags
11.1.1.2.5. Balloon Inflation Devices
11.1.1.3. Orthopedic/ Arthroscopic Medical Devices
11.1.1.3.1. External Fixation Devices
11.1.1.3.2. Gastroenterology Medical Devices
11.1.1.3.3. Biopsy Forceps
11.1.2. End User Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.2.1. Hospitals
11.1.2.2. Clinics
11.1.2.3. Ambulatory Surgical Centres
11.1.2.4. Community Healthcare
11.1.2.5. Diagnostic Laboratories
11.1.2.6. Others
11.1.3. Country Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.3.1. Brazil
11.1.3.2. Mexico
11.1.3.3. Argentina
11.1.3.4. Venezuela
11.1.3.5. Rest of Latin America
11.1.4. Latin America Reprocessed Medical Devices Market- Opportunity Analysis Index - By Product Type, By End User, and Country, 2017 2023
11.1.5. Latin America Reprocessed Medical Devices Market Dynamics Trends
12. Middle East & Africa Reprocessed Medical Devices Market Analysis, 2012 - 2016 and Forecast, 2017 - 2023
12.1.1. Product Type Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1.1. Cardiovascular Medical Devices
12.1.1.1.1. Cardiac Stabilization and Positioning Devices
12.1.1.1.2. Blood Pressure Cuffs/Tourniquet Cuffs
12.1.1.1.3. Electrophysiology Cables
12.1.1.1.4. Deep Vein Compression Sleeves (DVT)
12.1.1.1.5. Diagnostic Electrophysiology Catheters
12.1.1.2. Laparoscopic Medical Devices
12.1.1.2.1. Harmonic Scalpels
12.1.1.2.2. Endoscopic Trocars and Components
12.1.1.2.3. General Surgery Medical Devices
12.1.1.2.4. Infusion Pressure Bags
12.1.1.2.5. Balloon Inflation Devices
12.1.1.3. Orthopedic/ Arthroscopic Medical Devices
12.1.1.3.1. External Fixation Devices
12.1.1.3.2. Gastroenterology Medical Devices
12.1.1.3.3. Biopsy Forceps
12.1.2. End User Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.2.1. Hospitals
12.1.2.2. Clinics
12.1.2.3. Ambulatory Surgical Centres
12.1.2.4. Community Healthcare
12.1.2.5. Diagnostic Laboratories
12.1.2.6. Others
12.1.3. Country Analysis (2012 2016) and Forecast (2017 2023) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.3.1. Gulf Cooperation Council (GCC) Countries
12.1.3.2. Israel
12.1.3.3. South Africa
12.1.3.4. Rest of MEA
12.1.4. MEA Reprocessed Medical Devices Market- Opportunity Analysis Index - By Product Type, By Surgery, By End User, and Country, 2017 2023
12.1.5. MEA Reprocessed Medical Devices Market Dynamics Trends
13. Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Medline ReNewal (U.S.)
13.2.2. Johnson & Johnson (U.S.)
13.2.3. Stryker Corporation (U.S.)
13.2.4. Vanguard AG (Germany)
13.2.5. SteriPro Canada, Inc.(Canada)
13.2.6. Pioneer Medical Devices AG (Germany)
13.2.7. HYGIA Health Services, Inc. (U.S.)
13.2.8. Vascular Solutions, Inc. (U.S.)
13.2.9. ReNu Medical, Inc. (U.S.)
13.2.10. Centurion Medical Products Corporation (U.S.)
13.2.11. SureTek Medical (U.S.)
14. Research Methodology
15. Key Assumptions and Acronyms


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