New York, United States-
Data Bridge Market Research analyses that the Medical Device Reprocessing Market, which was USD 3,599.7 million in 2022, would rise to USD 12,726.91 million by 2030 and is expected to undergo a CAGR of 17.10% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Electronic data is a rapidly developing adoption in the healthcare IT market. EHR databases and software offer rich resources to enhance precision medicine development. As per the NCHS (National Center for Health Statistics) at the CDC (Center for Disease Control and Prevention), U.S., the EHR adoption by primary care physicians surged from 72.1% in 2013 to 78.6% in 2014, witnessing an increase of 6.5%. All these softwares can be reused without any interruption and is thus helping in market enhancement. Furthermore, the COVID-19 pandemic increased the demand for medical device connections, which boosted the growth and expansion of the market in the future.
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Any gadget that is designed to be used for medical purposes is known as a medical device. Reprocessing is performed on a medical device to confirm that it can be safely reused. Medical devices help in diagnosing, treating, and improving patients’ health. Cleaning, reconditioning, mending, sterilizing, disinfecting, and refurbishing medical devices are reprocessing.
Restraints/Challenges
- Increasing Risk of Surgical Site Infections
The wide use of reprocessed devices imposes a danger of transmission of surgical site infection, hampering the market. Furthermore, the reprocessing procedure is a complicated and technological process that causes multiple infections due to repeated use. Thus, this factor is restricting the market growth
This medical device reprocessing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical device reprocessing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2019, Medtronic announced the FDA approval and marketing of the Select Site C304-HIS deflectable catheter system. This system is used in His-bundle pacing processes, and this strategic path increased revenue and enhanced the company’s standing in the industry.
- In 2022, the Association of Medical Device Reprocessors launched “Global Regulatory Standards for ‘Single-Use’ Medical Device Reprocessing and Remanufacturing.” It is the first roadmap to assist Notified Bodies, Ministries of Health, and regulatory authorities of medical devices to access its global benefits for hospitals and health systems.
Some of the major players operating in the medical device reprocessing market are:
- Stryker (U.S.)
- Cardinal Health (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Baxter (U.S.)
- 3M (U.S.)
- Cantel Medical (U.S.)
- STERIS (U.S.)
- EverX (U.S.)
- Vanguard AG (U.S.)
- Avante Health Solutions (U.S.)
- SteriPro (Canada)
- Getinge AB (Sweden)
- SureTek Medical (U.S.)
- SOMA TECH INTL (U.S.)
- Olympus Corporation (Japan)
- Medtronic (Ireland)
- Pioneer Medical Devices AG (Germany)
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Global Medical Device Reprocessing Market Scope
Type
- Enzymatic
- Non-Enzymatic Detergent
Product and Services
- Reprocessing Support and Services
- Reprocessed Medical Devices
Process
- Presoak
- Manual Cleaning
- Automatic Cleaning
- Disinfection
Devices Type
- Critical Devices
- Semi-Critical Devices
- Non-Critical Devices
Application
- Devices
- Accessories
End User
- Hospitals, Clinics
- Home Healthcare
- Diagnostic Centers
- Manufacturers
- Ambulatory Surgical Centers
- Others
Medical Device Reprocessing Market Regional Analysis/Insights
The countries covered in the medical device reprocessing market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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