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Medical Device Reprocessing Market – Trends Forecast Till 2030

Medical Device Reprocessing Market by Type (Reprocessed Medical Devices), Device Category (Critical- Devices, Semi-Critical Devices, Non-Critical Devices), Application (Cardiology, Gynaecology, Gastroenterology, Anaesthesia) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

  • Published Date : June 2023
  • Base Year Estimate : 2022
  • Report ID : D-HC-MDRM-1379
  • Format :
  • Number of Pages : 450
  • Domain : Healthcare
  1. Healthcare
  2. Medical Device Reprocessing Market – Trends Forecast Till 2030
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REPORT SYNOPSIS
Market Snapshot Market Overview Delvens Industry Expert's Standpoint Market Portfolio Key Findings Regional Analysis Competitive Landscape Recent Developments Reasons to Acquire Report Scope
Table Of Content Frequently Asked Questions

Market Snapshot

Market Overview

The global Medical Device Reprocessing Market size is projected to reach a CAGR of 13.7%from 2023-2030.

Any gadget designed to be used for medical reasons is referred to as a medical device. The intended usage of medical equipment differs from that of common devices. Medical devices aid in diagnosing, treating, and improving patients' health. The treatment of materials to make them reusable is referred to as reprocessing. Cleaning, disinfecting, sterilizing, reconditioning, mending, and refurbishing medical devices are all considered reprocessing.

The major factor that propels the market growth is the increasing demand for reprocessed medical devices due to their lower cost use will drive the market’s growth rate. Additionally, the rising prevalence rate of chronic disorders will propel the growth rate of the market during the forecast period. Furthermore, a growing number of R&D activities will boost many market opportunities during the forecast period.

On the other hand, the use of reprocessed devices poses a danger of surgical site infection transmission, which is impeding the market. Also, the reprocessing procedure is a complicated and technological process that could hinder the medical device reprocessing market's growth.

The demand for medical products to treat infected people has increased. The most commonly used medical equipment in primary clinical care is respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors. Furthermore, COVID-19 has resulted in a significant increase in demand for medical goods such as masks, gloves, and protective spectacles. Because of the surge in the number of COVID-19 cases worldwide, the demand for medical supplies has increased dramatically among healthcare professionals and the general public. Manufacturers of these items have an opportunity to take advantage of the rising demand for medical supplies to assure a steady supply of personal protective equipment on the market. COVID-19 is thus predicted to have a major impact on the worldwide medical device reprocessing market.

Delvens Industry Expert's Standpoint

The medical device reprocessing market is expected to see significant growth in the coming years due to increased demand for cost-effective healthcare solutions and sustainable practices. The market includes companies that specialize in cleaning, sterilizing, and reusing medical devices, and it is driven by factors such as regulatory requirements, technological advancements, and the need to reduce healthcare costs. The market is expected to expand further due to the growing demand for reprocessed medical devices in emerging markets, as well as the increasing prevalence of chronic diseases and the ageing population in developed countries. However, concerns about the safety and efficacy of reprocessed medical devices may limit market growth to some extent. Overall, the medical device reprocessing market is poised for significant growth in the coming years as healthcare providers look for ways to reduce costs and implement sustainable practices while maintaining high standards of patient care.

Market Portfolio

Key Findings

  • The type segment is further bifurcated into Reprocessing Support & Services and Reprocessed medical devices. The Reprocessing Support & Services segment is anticipated to register the highest CAGR during the forecast period. This is mainly due to the increasing adoption of third-party reprocessing services by healthcare facilities to reduce in-house reprocessing costs.
  • The device category segment is further fragmented into Critical Devices, Semi-Critical Devices and Non-Critical Devices. The Critical Devices segment is anticipated to register the highest CAGR during the forecast period. The rising number of cardiac diseases and their diagnosis globally, as well as the adoption of reprocessed catheters, have further increased as a means to reduce hospital and procedure costs, thereby, driving the market growth.
  • The application segment is further segmented into Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopaedic Surgery, General Surgery and Anaesthesia and Other Applications (Urology, non-invasive surgeries, patient monitoring). This can be attributed to the increasing prevalence of cardiac diseases leading to higher demand for diagnostic and cardiac procedures. The increasing diagnostic and surgical procedures in the speciality area are thereby responsible for the adoption of reprocessed medical devices, as a means to reduce costs associated with buying a new device for every new procedure.
     
  • The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America dominates the medical device reprocessing market because of major key players with high GDP in this region. Additionally, surging involvement in PDA guidelines and trending medical reprocessed device scenarios will flourish the market’s growth rate in this region.

Regional Analysis

North America to Dominate the Market

  • North America dominates the medical device reprocessing market because of major key players with high GDP in this region.
     
  • Additionally, surging involvement in PDA guidelines and trending medical reprocessed device scenarios will flourish the market’s growth rate in this region.

 

Competitive Landscape

  • General Electric
  • 3M
  • Olympus Corporation
  • Medline Industries, Inc.
  • EverX
  • Avante Health Solutions
  • Gentinge AB
  • SOMA Tech International
  • Cardinal Health
  • Innovative Health
  • Johnson & Johnson Services, Inc.
  • Cantel Medical
  • STERIS
  • Medtronic, Inc.
  • Vanguard AG
  • SteriPro
  • SureTek Medical
  • NE Scientific, Inc.
  • Renu Medical