ASIA PACIFIC REPROCESSED MEDICAL DEVICES MARKET ANALYSIS

Many hospitals, long involved in providing healthcare services for a wide range of patients, are now beginning to explore the idea of using medical devices that are developed from previously used or reprocessed medical devices. Such an approach is becoming increasingly important with the escalating amounts of waste, which is growing at an alarming rate. In response to this growing issue and to provide for an environment that is more supportive of healthcare services, several large hospitals, nursing care facilities, and other health care organizations have formed a coordinating committee to research and recommend methods of addressing the issue of disposing of medical devices that are no longer required for treatment or that are obsolete.

The primary driving force behind the push for greater focus on the process of reprocessing medical devices is a desire to reduce the amount of solid waste that is generated by hospitals. The additional concern about waste is compounded by the fact that solid wastes in some cases can pose a threat to the environment. These issues are currently being addressed by the efforts of the majority of these large hospitals to focus on the collection, handling, and reprocessing of all types of medical devices. In addition to efforts within the healthcare sector to implement improved waste management practices, there is also a significant amount of interest within the public and private sectors in acquiring these reusable medical devices and recycling them. As a result, many facilities and hospitals have already taken the initiative to implement programs that involve both reprocessing and reuse.

Market Dynamics:

Increasing focus on reducing emissions associated with medical device use is expected to propel growth of Asia Pacific reprocessed medical devices market. For instance, in January 2021, researchers from Fraunhofer Institute for Environmental, Safety, and Energy Technology UMSICHT, a division of Fraunhofer-Gesellschaft, reported that using a reprocessed medical catheter as an alternative to a newly-manufactured catheter led to 50.4% decline in the global warming impact.

Key features of the study:

• This report provides in-depth analysis of Asia Pacific reprocessed medical devices market and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in Asia Pacific reprocessed medical devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Stryker Sustainability Solutions, Inc., Medline ReNewal, Hygia Health Services, Inc., Cleanpart GmbH, ReNu Medical, Inc., SureTek Medical, and NEScientific
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Asia Pacific reprocessed medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing Asia Pacific reprocessed medical devices market

Detailed Segmentation:

• Asia Pacific Reprocessed Medical Devices Market, By Techniques:
  • Laparoscopic Devices
  • Gastroenterology
  • General Surgery
  • Orthopedic Devices
  • Cardiovascular Devices
• Asia Pacific Reprocessed Medical Devices Market, By Country:
  • Australia
  • New Zealand
  • China
  • India
  • South East Asia
  • Japan
  • Rest of Asia-Pacific
• Company Profiles
  • Stryker Sustainability Solutions, Inc.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • Medline ReNewal
  • Hygia Health Services, Inc.
  • Cleanpart GmbH
  • ReNu Medical, Inc.
  • SureTek Medical
  • NEScientific

 “*” marked represents similar segmentation in other categories in the respective section.