This market report defines the market trends and forecast the upcoming opportunities and threats of the pharmaceutical packaging equipment market in the next 8 years. Medical device reprocessing is the process of cleaning, remanufacturing and disinfection of the medical devices so that those devices can be reused or to be put in service again. The reprocessed devices are biopsy, catheter, endoscope and pulse oximeter.
The Global Medical Device Reprocessing Market is expected to grow at a CAGR of 14.90% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The global medical device reprocessing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical device reprocessing market for global, Europe, North America, Asia Pacific and South America.
Top Key Competitors/Players:
- Stryker Corporation
- Johnson & Johnson
- VANGUARD AG
- Medline ReNewal
- Medtronic plc
- Pioneer Medical Devices
- VASCULAR SOLUTIONS, INC.
- HYGIA Health Services
- ReNu Medical
- SureTek Medical
- Centurion Medical Products
- Agito Medical A/S
- Innovative Health Llc.
- Nescientific Inc.
- Rene Medical Inc.
- ReNu Medical Inc.
- Synergy Health plc
- GE Healthcare
- Midwest Reprocessing Centre
- Siemens Healthcare GmbH
- Soma Technology, Inc.
- Steril Med Inc.
- Among others
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Major Market Drivers and Restraints:
- Increasing pressure to reduce medical waste due to environmental concerns
- Low prices of reprocessed devices as compared to new ones
- Increasing number of surgical procedures
- Growing prevalence of chronic diseases
- Changing regulatory scenario for medical devices.
- Due to the use of reprocessed devices there is a risk of surgical site infections
The global medical device reprocessing market is segmented based on product type, application, end user, and geography.
Based on product type:
- Reprocessed Device
Reprocessed device is further segmented into:
- Laparoscopic Instruments
- Pulse Oximeter
On the basis of application:
- General Surgery
On the basis of end user:
- Ambulatory Surgical Centers
- Community Healthcare
- Diagnostic Laboratories
Based on geography:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and, Brazil among others. In 2017, North America is expected to dominate the market.
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This Report Consists of:
– No of pages: 350
– No of Figures: 60
– No of Tables: 220
Frequently Asked Questions:
– What will the market size be in 2024?
– What are the key factors driving the global market?
– What are the challenges to market growth?
– Who are the key players in the market?
– What are the market opportunities and threats faced by the key players?
– What will be the growth rate in 2024?
– Which strategies are used by top players in the Global Medical Device Reprocessing Market?
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