Reprocessed Medical Devices Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023 - 2032
Medical devices like surgical forceps, endoscopes and stethoscopes remain at high-risk of virus-contamination, and influx of small microorganisms. The rising awareness of reprocess during the looming coronavirus pandemic, and advancements in disinfection procedures promise tremendous growth for the reprocessed medical devices market.
Reprocessed devices are increasingly becoming a necessity as in-hospital infections remain on the rise, and reprocessed devices also provide major cost-advantages to institutions like hospitals. According to Centre for Disease Control (CDC), the Healthcare-acquired infection (HAI) account for 32% of all infections in 2019. Moreover, these register over 1.7 million incidences in US hospitals alone in the same year. HAIs accounted for over 99,000 deaths in 2019.
Rising Demand for Chronic Illnesses Including Cancer Treatments Will Drive Robust Growth
According to Cancer.gov, there are over 16.9 million cancer patients in United States. Moreover, the government agency estimates that the number will likely rise to 22.2 million by 2030.
The rising sedentary lifestyle, worsening environmental conditions, and urbanization will likely increase demand for effective cancer treatments. Moreover, with chronic illnesses like cancer, risk of urinary tract infections, which stand at over 22,000 per year as the leading cause of HAIs also rises significantly.
Furthermore, several chronic diseases including AIDS, Alzheimer’s, COPD are also on the rise. This necessitates demand for more care for terminally bed-ridden patient care, increasing risk for infections further. On the other hand, hospitals are witnessed a shift towards in-home patient care for chronic diseases as costs for hospitalization continues to rise.
The rise in costs for equipment, and rising demand from health authorities to control HIAs, and growing efficacy of reprocessing will provide a major impetus for growth in the reprocessed medical devices market.
Rising Demand in Cardiovascular Surgeries Remains Major Prospect for Growth
As sedentary lifestyle becomes a norm around the globe, the demand for cardiovascular surgeries has risen. Over 500,000 open heart surgeries are performed each year in United States as diseases like diabetes, heart conditions, cardiovascular diseases remain a leading causes of deaths.
The procedures also remain extremely complex as operating on coronary artery bypass, heart, or aorta still requires tremendous expertise. This remains a strong driver for growth for surgical instruments, and subsequently, the reprocessed medical devices.
The market accounted for more than 50% share of the overall market in 2019, and will likely lead growth as regulations driving single-use of equipment for essential surgeries, and rising elderly population in countries like the United States promise substantial growth for the reprocessed medical devices market.
Rising expansion of the healthcare facilities in emerging nations also remains a big draw for growth in the market. The growing opportunities in commercialization of healthcare will likely register double-digit growth for the healthcare segment during the forecast period. The dearth of skilled professionals remains a challenge. However, the cost-effectiveness of reprocessed medical devices will continue to boost adoption, especially as healthcare in major markets like the US adopts more to the need of low-income households.
Some key players operating in the global reprocessed medical devices market include Medline Industries, GE Healthcare, Soma Technology, Renu Medical (Arjo), and SureTek Medical.
The Reprocessed Medical Devices Market is Segmented as Below:
By Product
- Cardiovascular medical devices
- Blood pressure cuffs/tourniquet cuffs
- Electrophysiology cables
- Cardiac stabilization and positioning devices
- Diagnostic electrophysiology catheters
- Deep vein compression sleeves (DVT)
- Gastroenterology and urology
- Gastroenterology biopsy devices
- Urology biopsy devices
- Orthopedic/arthroscopic
- Laparoscopic
- Harmonic scalpels
- Endoscopic trocars and components
- General surgery equipment
- Infusion pressure bags
- Balloon inflation devices
By End-use
- Ambulatory surgical centers
- Hospitals
- Clinics
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Reprocessed Medical Devices Market
- Global Reprocessed Medical Devices Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTEL Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Reprocessed Medical Devices Market Analysis and Forecast, by Product
- Overview and definitions
- Key segment analysis
- Global Reprocessed Medical Devices Market Estimates (US$ Mn), by Product, 2019 – 2032
- Cardiovascular
- Blood Pressure Cuffs
- Positioning Devices
- Cardiac Stabilization Devices
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- Deep Vein Thrombosis Compression Sleeves
- Laparoscopic
- Harmonic Scalpels
- Endoscopic Trocars
- Gastroenterology
- Biopsy Forceps
- Others
- General Surgery Devices
- Balloon Inflation Devices
- Pressure Bags
- Orthopedic Devices
- Cardiovascular
- Global Reprocessed Medical Devices Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Reprocessed Medical Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Ambulatory surgical centers
- Hospitals
- Clinics
- Global Reprocessed Medical Devices Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Reprocessed Medical Devices Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Reprocessed Medical Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Reprocessed Medical Devices Market Estimates (US$ Mn), by Product, 2019 – 2032
- Cardiovascular
- Blood Pressure Cuffs
- Positioning Devices
- Cardiac Stabilization Devices
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- Deep Vein Thrombosis Compression Sleeves
- Laparoscopic
- Harmonic Scalpels
- Endoscopic Trocars
- Gastroenterology
- Biopsy Forceps
- Others
- General Surgery Devices
- Balloon Inflation Devices
- Pressure Bags
- Orthopedic Devices
- Cardiovascular
- North America Reprocessed Medical Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Ambulatory surgical centers
- Hospitals
- Clinics
- North America Reprocessed Medical Devices Market Estimates (US$ Mn), Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Reprocessed Medical Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Reprocessed Medical Devices Market Estimates (US$ Mn), by Product, 2019 – 2032
- Cardiovascular
- Blood Pressure Cuffs
- Positioning Devices
- Cardiac Stabilization Devices
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- Deep Vein Thrombosis Compression Sleeves
- Laparoscopic
- Harmonic Scalpels
- Endoscopic Trocars
- Gastroenterology
- Biopsy Forceps
- Others
- General Surgery Devices
- Balloon Inflation Devices
- Pressure Bags
- Orthopedic Devices
- Cardiovascular
- Europe Reprocessed Medical Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Ambulatory surgical centers
- Hospitals
- Clinics
- Europe Reprocessed Medical Devices Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Reprocessed Medical Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Reprocessed Medical Devices Market Estimates (US$ Mn), by Product, 2019 – 2032
- Cardiovascular
- Blood Pressure Cuffs
- Positioning Devices
- Cardiac Stabilization Devices
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- Deep Vein Thrombosis Compression Sleeves
- Laparoscopic
- Harmonic Scalpels
- Endoscopic Trocars
- Gastroenterology
- Biopsy Forceps
- Others
- General Surgery Devices
- Balloon Inflation Devices
- Pressure Bags
- Orthopedic Devices
- Cardiovascular
- Asia Pacific Reprocessed Medical Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Ambulatory surgical centers
- Hospitals
- Clinics
- Asia Pacific Reprocessed Medical Devices Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- South Korea
- Australia
- Rest of Asia Pacific
- Middle East & Africa Reprocessed Medical Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Reprocessed Medical Devices Market Estimates (US$ Mn), by Product, 2019 – 2032
- Cardiovascular
- Blood Pressure Cuffs
- Positioning Devices
- Cardiac Stabilization Devices
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- Deep Vein Thrombosis Compression Sleeves
- Laparoscopic
- Harmonic Scalpels
- Endoscopic Trocars
- Gastroenterology
- Biopsy Forceps
- Others
- General Surgery Devices
- Balloon Inflation Devices
- Pressure Bags
- Orthopedic Devices
- Cardiovascular
- Middle East & Africa Reprocessed Medical Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Ambulatory surgical centers
- Hospitals
- Clinics
- Middle East & Africa Reprocessed Medical Devices Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Reprocessed Medical Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Reprocessed Medical Devices Market Estimates (US$ Mn), by Product, 2019 – 2032
- Cardiovascular
- Blood Pressure Cuffs
- Positioning Devices
- Cardiac Stabilization Devices
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- Deep Vein Thrombosis Compression Sleeves
- Laparoscopic
- Harmonic Scalpels
- Endoscopic Trocars
- Gastroenterology
- Biopsy Forceps
- Others
- General Surgery Devices
- Balloon Inflation Devices
- Pressure Bags
- Orthopedic Devices
- Cardiovascular
- South America Reprocessed Medical Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Ambulatory surgical centers
- Hospitals
- Clinics
- South America Reprocessed Medical Devices Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Reprocessed Medical Devices Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Medline Industries Inc.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Stryker
- Renu Medical (Arjo)
- LUMITOS AG
- Vanguard AG
- Johnson & Johnson
- Sterilmed Inc.
- Hygia Health Services Inc.
- Centurion Medical Products Corporation
- Siemens Healthcare
- Philips Healthcare
- GE Healthcare
- Suretech Medical Inc.
- Medline Industries Inc.
- Conclusion & Recommendations
Frequently asked questions about this report
What are the factors driving the reprocessed medical devices market?
The rise in costs for equipment, and rising demand from health authorities to control HIAs, and growing efficacy of reprocessing will provide a major impetus for growth in the reprocessed medical devices market.
Which are leading players in the reprocessed medical devices market?
Major participants in the reprocessed medical devices industry comprise Medline Industries, GE Healthcare, Soma Technology, Renu Medical (Arjo), and SureTek Medical.
What are the different products of reprocessed medical devices used?
Based on products, the reprocessed medical devices market is segmented into Cardiovascular medical devices, Gastroenterology and urology, Orthopedic/arthroscopic, Laparoscopic and General surgery equipment.
What is the time duration considered while assessing the market?
The reprocessed medical devices analysis market has been assessed for the years 2019 to 2032.