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Reprocessed Medical Devices Market, By Disease Condition (Cardiovascular, Laparoscopic, Orthopedic, Gastroenterology, and others), By End Use (Hospitals, Home Facility, and Others) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

102 Pages | Published Date : 13 / 12 / 17  | Report Code: AV145 | Report Format: PDF

REPORT HIGHLIGHT

The reprocessed medical devices market is estimated to represent a global market of USD 1,732 million by 2017 with growth rate of 17.4%.  Variety of single-use medical devices emerges in the market over the last few decades in order to prevent disease transmission to other patients. However, due to economic reason, the practice of reprocessing single usable medical devices is evolved among many healthcare settings in past few years. Needlessly discarding such equipment post-use, these facilities have begun to reprocess them. As per the survey conducted by the Newfoundland and Labrador Centre for Applied Health Research, in October 2010, stated that rapid growth in the healthcare industry has pressured hospital setting to reuse costly medical devices, intended for single use.

The growth of reprocessed medical devices is primarily driven by the rising pressure of government bodies to reduce the volume of regulated medical wastes by healthcare companies. For example, according to the World Health Organizations (WHO), modern hospital settings generate a large amount of solid medical waste, ranging from single-use medical devices to electronics. The organization estimated that around 15% to 25% healthcare waste contains chemical, biological or radiological hazard. This has fuelled the demand for the utilization of reprocessed medical devices, leading to the market growth.

Furthermore, the uptake of reprocessed medical devices is increasing rapidly due to its cost-effectiveness. According to the American College of Cardiology, more than half the U.S.’s hospital facilities send some of their single-use medical devices to Reprocesses. Previously, a majority of reprocessing process was carried out in hospital reprocessing centres. Nowadays, third party reprocessing industry has emerged which offers an efficient way of reprocessing needs. On another side, existing variability in end-users approach to reuse and reprocess medical devices adds ethical issues and poses a potential risk to the patient’s safety. It is noticed that medical facilities do not undertake comprehensive evaluation before reusing disposable medical equipment. These have raised concerns regarding the patient safety, environmental risk, and legal liability to utilize single-use medical devices.

Also, traditionally, medical devices are composed of metal, rubber and glass materials. However, the healthcare industry is shifted to the use of single usable medical devices, which is certainly manufactured from inexpensive plastic materials. Reprocessing such devices often raise the risk to provoke toxic responses or to develop life-threatening diseases. The potential legal consequences and risk associated with the practice of reprocessing and reusing SUDs are expected to hamper the market growth to some extent.

Global Reprocessed Medical Devices Market by Disease Condition, 2017 vs 2025

In terms of disease conditions, the market is categorized as Cardiovascular, Laparoscopic, Orthopedic, Gastroenterology, and others. Different devices are covered under each category to understand the trend, demand and future prospect of reprocessing those devices under each category. For instance, under cardiovascular, devices such as blood pressure cuffs, cardiac stabilization, diagnostic electrophysiology (EP) catheters, electrophysiology cables, and other are considered while estimating the market. Cardiovascular segment captured more than 55% share of the global market.

Growing availability of a wide range of reprocessed cardiovascular devices coupled with increasing involvement of third parties such as Group Purchasing Organization (GPO) with hospitals and surgery centers support the market growth. Cardiology devices are further divided into Positioning Devices, Blood Pressure Cuffs, Cardiac Stabilization Devices and Diagnostic Electrophysiology Catheters. Laparoscopy devices are categorized as Harmonic Scalpels and Endoscopic Trocars. The end-user segment is classified as hospitals, home facility, and others.

Regionally, North America captured the largest share of the global market. Increasing need for reprocessing medical devices and advancement in technologies would, in turn, drive the market growth. For example, the Canadian Agency of Drugs and Technologies in Health (CADTH) conducted a study to identify the need for reprocessing single-use medical devices. The study revealed that more than 30% of the healthcare facilities routinely reused medical equipment, intended for single‐use. Developing regions such as Asia Pacific and Latin America is expected to grow with the highest growth rate owing to the rising demand for cost-effective medical devices.

Companies such as GE Healthcare, Stryker Sustainability Solutions, Sterilmed, Inc., Suretek Medical, and others are profiled in the report. Stryker Sustainability Solutions is considered to be the major participant in global market owing to extensive promotional activities, strong product portfolio, and strategic alliances. For instance, the company implements most impactful initiatives to provide reprocessing services. The company undertakes reprocessing procedures through rigorous studies such as design verification, design validation, reverse engineering, cleaning and sterilizing and performance testing. These will contribute towards the significant market share of companies during the future period.

The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

  • Historical Year – 2014 & 2015
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, And Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY DISEASE CONDITIONS

  • Cardiovascular
  • Laparoscopic
  • Orthopedic
  • Gastroenterology
  • Others

MARKET, BY END USE

  • Hospitals
  • Home Facility
  • Others

MARKET, BY REGION

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

MARKET, BY COUNTRY

  • Further Breakdown of The North America Market
    • U.S.
    • Canada
  • Further Breakdown of The Europe Market
    • Germany
    • France
    • Rest of Europe
  • Further Breakdown of The APAC Market
    • India
    • China
    • Rest of APAC
  • Further Breakdown of The Rest of the World Market
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. REPROCESSED MEDICAL DEVICES MARKET OVERVIEW
1.1. Study Scope
1.2. Base Year
1.3. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. REPROCESSED MEDICAL DEVICES KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. REPROCESSED MEDICAL DEVICES INDUSTRY STUDY
4.1. Company Activity Analysis
4.2. Regulatory Framework Analysis
4.3. Market Attractiveness Analysis
4.4. Value Chain Analysis
5. REPROCESSED MEDICAL DEVICES MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
6. REPROCESSED MEDICAL DEVICES MARKET – BY DISEASE CONDITIONS:
6.1. Overview
6.2. Cardiovascular
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Laparoscopic
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Orthopedic
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Gastroenterology
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Others
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. REPROCESSED MEDICAL DEVICES MARKET – BY END USE:
7.1. Overview
7.2. Hospitals
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Home Facilities
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. REPROCESSED MEDICAL DEVICES MARKET– BY GEOGRAPHY:
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Stryker Sustainability Solutions
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. GE Healthcare
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Suretek Medical
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Phillips Healthcare
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Sterilmed, Inc.
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
*Client can request additional company profiling as per their specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PESTLE Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Reprocessed Medical Devices Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
Table 10 Reprocessed Medical Devices Market, by Disease Condition, 2014 – 2025 (USD Million)
Table 11 Reprocessed Medical Devices Market, by End Use, 2014 – 2025 (USD Million)
Table 12 Reprocessed Medical Devices Market, by Geography, 2014 – 2025 (USD Million)
Table 13 North America Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 14 U.S. Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 15 Canada Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 16 Europe Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 17 France Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 18 Germany Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 19 Asia Pacific Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 20 China Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 21 India Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 22 Latin America Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)
Table 23 MEA Reprocessed Medical Devices Market, 2014 – 2025 (USD Million)

List of Figures
Figure 1 Research Methdology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Value Chain Analysis Analysis
Figure 6 Reprocessed Medical Devices Market, by Disease Condition, 2014 – 2025 (USD Million)
Figure 7 Reprocessed Medical Devices Market, by End Use, 2014 – 2025 (USD Million)
Figure 8 Reprocessed Medical Devices Market, by Geography, 2014 – 2025 (USD Million)

SCOPE AND OBJECTIVES :
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT :
• Understanding of the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the competitive landscape of this market
• In-depth analysis of the key factors are propelling the growth of the global market
• Detailed analysis of the geographic region that will witness the strongest growth
• Granular analysis of the current market scenario and the expected market grow

RESEARCH METHDOLOGY

AnalystView’s research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, and Businessweek) to identify and collect information useful to understand technical, market-oriented, and commercial aspects of market. Market data and information are also collected and not limited to secondary sources like:

  • Official Company’s Website, Financial and Annual Reporting
  • Government Statistical Data
  • Online Publishing Articles
  • Industry Player’s Investor Presentations
  • Economic News Articles
  • National and International Trade Associations
  • The Financial, Business and Mainstream Press
  • Industry Study Groups and Other Semi-Official Sources
  • Many Other Informative Channels Related to the Market Topics
  • Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with a variety of personnel in key players at all points through phone calls, emails and web based survey responses with key opinion leaders (KoL’s) operating in the respective markets. The engagement involves the CEO, vice presidents, top-level and middle-level managers of the company, directors of marketing, product managers, brand managers, customers of major industrial products, and many others. We also interview manufacturers, distributors, materials suppliers, retailers, service operators, study groups, industry associations, and third party observers from the trade and financial press. These obtained information helped us to understand several facets of the market with respect to manufacturers’ and buyers’ perspective. These data were carefully filtered, analyzed, compared and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level and global level.

MARKET FORECAST

Market forecast for the respective market is primarily based on the year on year (YOY) growth rate. Data projection and future performance of each segment analyzed based on the key aspects extracted from primary and secondary research results. Thus data projection states the assumption on how the market behaves under macroeconomic and microeconomic parameters. Our market forecasting represents strategic conclusion we have reached about the coming state of the market scenario.

 MARKET ANALYSIS

Another integral part of our research study is that AnalystView’s market data is accompanied by clear written analysis. We include detail information on market segments in terms of market drivers, market restraints and market opportunities. These offer insights of different channel dynamics, brand preference, incidence/prevalence data, technology up gradation, consumption trend, and future market scenario. We also include supporting data with any relevant awareness campaign, new introduction, regulatory norms, government initiatives, and industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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