Reprocessed Medical Device Market Share, & Industry Analysis Report

Posted on 2018-08-23 by Goldstein Research in Healthcare // 0 Comments

New York, USA, 2018-Aug-23 — /EPR Network/ —According to Goldstein Research, Global reprocessed medical device market is anticipated to grow at a CAGR of 15.0% over the forecast period 2016-2024 to reach USD 5.12 billion by 2024. The cost-saving attribute of reprocessed devices and solutions which is responsible for potential annual savings of USD 2 billion in U.S. health care system from reprocessing and repurchasing 2% of all medical devices are expected to positively drive the global reprocessed medical device market. Global Reprocessed medical device market segmentation has been done on the basis of the reprocessed medical device, product type, end user and geography.

Global reprocessed medical device market segmentation based on reprocessed medical devices, cardiovascular devices segment dominated the market in 2016 with 45.0% market share followed by general surgery medical equipment (i.e. 22%) owing to the reduced pricing of the products, high usage and growing pressure to reduce healthcare expenditure. Reprocessed medical device market is largely dominated by North America with a market share of 42.0% in 2016 followed by Europe owing to Directive 93/42/EEC concerning medical devices and distinguishes between reusable devices and those intended for single use. APAC tends to be the fastest growing reprocessed medical device market and Japan, China, Australia, Korea, Indonesia, and India encouraging the regulatory policies and rising pressure to keep healthcare budgets under control.

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Market Segmentation

On the basis of our in-depth analysis, Global Reprocessed Medical Device Market can be segmented and sub-segmented as follows:

By Reprocessed Medical Device

Cardiovascular Devices
Laparoscopic Devices
Gastroenterology Devices
General Surgery Devices
Orthopaedic Devices
Others (Ultrasound catheters, saw blade, etc)

Reprocessed Medical Device Market, By Product Type

Portable
Standalone

Reprocessed Medical Device Market, By End User

Hospitals
Homecare Settings
Speciality Centers
Medical Laboratories

Reprocessed Medical Device Market, Based on Region

North America (United States, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific reprocessed medical device Market(China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Reprocessed Medical Device Market Outlook 2024” contains a detailed overview of the global reprocessed medical device market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by reprocessed medical device, product type and end user.

Further, for the in-depth analysis, Global Reprocessed Medical Device Market Report technology and end-user encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market analysis report also includes competitive outlook of some of the major players profiling of companies such as Centurion Medical Products Corporation, Hygia Health Services, Inc., Medline ReNewal, MidWest Reprocessing Center, ReNu Medical, Inc., Ethicon, Inc. (Johnson & Johnson), Stryker Sustainability Solutions, Inc., SureTek Medical, Vanguard AG, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Objective of Report:

To analyze and forecast market size of the reprocessed medical device market.
To calculate the expected growth rate of the reprocessed medical device market.
To classify and forecast reprocessed medical device market based on reprocessed medical device, product type, end user and geography.
To identify market key players, driving factors, & trends of reprocessed medical device market with the help of SWOT Analysis.
To identify and analyze the profiles of leading players involved in the manufacturing and supplying of the reprocessed medical device market.
To identify market opportunities for the existing and entry-level players.

Overall, the report represents the global reprocessed medical device market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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