Global Reprocessed Medical Devices Market Share 2016-2024

Posted on 2018-10-11 by Goldstein Research in Healthcare // 0 Comments

New York, USA, 2018-Oct-11 — /EPR Network/ —According to Goldstein Research, global reprocessed medical devices market is expected to reach USD 5.12 billion by 2024, growing at a compounded annual growth rate of 15.0% during the forecast period 2016-2024. The huge amount saved by the medical facilities with the adoption of reprocessed medical devices is driving the growth of the market. US healthcare system has an estimated saving of USD 2 billion form the inclusion of reprocessed devices.

Global reprocessed medical devices market segmentation has been carried out on the basis of the reprocessed medical device, product type, end users and geography. On the basis of the reprocessed medical device, cardiovascular devices segment accounted for the largest market share i.e. 45.0% and is followed by a general surgery medical equipment segment with a market share of 22.0% in 2016. It is majorly driven by North America with a market share of 42.0% in 2016. The high medical expenditure and advanced medical facilities in North America have led to increase in the adoption of reprocessed medical increases the to meet the healthcare demands at low expenditure. North America is followed by Europe owing to high dependence upon the circular economy i.e. reuse and recycling of the products efficiently.

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Market Segmentation

On the basis of our in-depth analysis, The market can be segmented as follows:

By Reprocessed Medical Device

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

By Product Type

Portable
Standalone

By End User

Hospitals
Homecare Settings
Speciality Centers
Medical Laboratories

By Region

North America
Europe
The Middle East and Africa
Latin America
Asia Pacific

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“Reprocessed Medical Devices Industry Analysis” contains a detailed overview of the global reprocessed medical devices market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by the reprocessed medical device, product type, and end users.

Further, for the in-depth analysis, Global Reprocessed Medical Devices Market Report 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.

Overall, the report represents the global reprocessed medical devices market trends along with the 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.

Key questions answered in this Global Reprocessed Medical Devices Market Report

What is the market size by 2024 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the market trends?
What are the factors which are driving this industry?
What are the major barriers to industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry-level players?
What are the recent developments and business strategy of the key players?

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