Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Reprocessed Medical Devices Market – Insights

Increasing hospital expenditures on medical devices and high amount of medical wastage produced in day to day practices is a major burden globally. To address this problem, medical devices industry and healthcare provider are focused on reprocessing medical devices as an alternative solutions to address both the challenges. Increasing reprocessed medical devices is attributed to various factors such as hospital cost savings, low cost availability of reprocessed devices, and environmental benefits by reducing medical wastages.

Significant economic and environmental benefits associated with reprocessed medical devices are expected to fuel growth of the market over the forecast period. For instance, in 2017, according to a study conducted by National Institute for Health and Care Excellence (NICE), analyzed medical wastage and expenditure on such products. The study was conducted at Department of Plastic Surgery at Portsmouth’s Queen Alexandra Hospital for five days of time period and collected data of products such as dressings, sutures and surgical instruments that were opened but remain unused. The cost accounted around US$ 8,915.92 per week and this value extrapolated to one year. Through the study, it was estimated that around US$ 461,368.07 per year was wasted on such medical products. The reprocessing of medical devices will help hospitals to save such additional costs of wastage medical materials.

The global reprocessed medical devices market is estimated to be US$ 1,840.6 million in 2019, and is expected to exhibit a CAGR of 20.4% over the forecast period (2020-2027).

Global Reprocessed Medical Devices Market Share (%) Analysis, By Technique, 2019

Reprocessed Medical Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Cost effectiveness, equivalent performance to the original devices, warranty and availability of sources are expected to drive growth of the reprocessed medical devices market. For instance, according to USITC (United States International Trade Commission) statistics, the production of reprocessed devices increased by 12% during 2009-2011. This is also attributed to production capacity expansion by a large number of medical device remanufacturers during this period. The 2008-2009 recession was the supportive factor behind this growth, as during this period, various patients lost their medical insurance and this have affected the reimbursement of devices also, which in turn led to uptake of cost-effective devices.

Moreover, cardiovascular devices segment is expected to hold dominant position in the market over the forecast period, owing to reduction in product price, increasing pressure to reduce expenditure of healthcare among hospital authorities, and increasing focus on protection of environment by reducing medical waste dumping.

Increased focus on protecting the environment by reducing medical waste that was dumped in landfills is expected to drive growth of the reprocessed medical devices market. Over 90% of potentially infectious medical waste was incinerated before 1997. In August 1997, the U.S. Environmental Protection Agency (EPA) promulgated regulations creating stringent emission standards for medical waste incinerators due to significant concerns over detrimental air quality affecting human health. EPA’s Office of Air Quality Planning and Standards continues to review and revise the hospital medical infectious waste incinerator (HMIWI) standards as required most recently in May 2013.

The growth in reprocessed medical devices market is also favored by the rising awareness about the adverse environmental effects of dumping medical wastes in landfills. The widespread use of plastics and other non-biodegradable artificial polymers in medical devices are expected to fuel growth of the global reprocessed medical devices market, as adoption of biodegradable materials in medical devices has still not been widely incorporated. For instance, according to the World Health Organization (WHO) 2015, every year around 16 billion injections are administered worldwide, but not all the needles and syringes are properly disposed after its use.

Global Reprocessed Medical Devices Market, Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027

Reprocessed Medical Devices  | Coherent Market Insights

 Source: Coherent Market Insights Analysis (2019)

Global Reprocessed Medical Devices Market - Competitive Landscape

Major players operating in the global reprocessed medical devices market include Stryker Corporation, Johnson & Johnson, Vanguard AG), Medline ReNewal , SteriPro Canada, Inc., Pioneer Medical Devices AG, Vascular Solutions, Inc., HYGIA Health Services, Inc., ReNu Medical, Inc., SureTek Medical, Centurion Medical Products Corporation, and Vanguard AG.

Reprocessed medical devices are single-use medical devices, which are recycled by disinfection, cleaning, remanufacturing, testing, packaging and labelling, and sterilization. Through such methods, it has made possible that the used medical devices can get back into service again. All reprocessed devices are originally labelled as single- use medical devices and compulsory to meet the quality requirements of the U.S. Food and Drug Administration such as cleaning, sterility, and functionality prior to use.

Previously medical devices reprocessing was mostly performed by hospital staffs within the hospital settings without any proper guidelines. However, in 2015, after the introduction of the U.S. FDA reprocessing guidelines, it provided recommendations for the formulation and scientific validation of reprocessed medical devices. The U.S. FDA standard guideline of medical reprocessing was adopted all over the globe. Now, mostly hospital outsource the single-used medical devices to get reprocessed by third party.

Furthermore, reprocessed medical devices are available at a low price compared to its original price, thus reprocessed medical devices are cost effective with same efficacy as the new product with no threat to patient. This helps patients from emerging economies of Africa and Asia regions to afford various treatment.

Continuous increase in the amount of medical waste and lack of proper disposal mechanism are expected to drive growth of the market. Hence, the reprocessed medical devices around 95% are recycled annually rather than getting dumped into the landfills.

Market Dynamics

Rising incidences of cardiovascular diseases, owing to increasing prevalence of high blood pressure and diabetes worldwide is expected to drive demand for reprocessed medical devices around the globe, as cardiovascular devices such as blood pressure cuffs, cardiac stabilization and positioning devices, catheters or general surgery devices can be reprocessed. For instance, according to the World Health Organization (WHO), in 2015, around 17.7 million people died due to cardiovascular disease worldwide.

Moreover, rising demand for minimally invasive treatment laparoscopy is another factor expected to drive growth of reprocessed medical devices market in developed as well as in emerging economies where laparoscopic devices such as endoscopic trocars, components and harmonic scalpels has high demand. For instance, according to the Center for Disease Control and Prevention, in 2015, around 6.1% of adult were diagnosed with ulcer in the U.S. With this high number of patient populations will expect to drive growth of this market.

Key features of the study:

  • This report provides in-depth analysis of the market, global reprocessed medical devices market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2019-2027, considering 2018 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global reprocessed medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and strategies.
  • Key players covered as a part of this study include Stryker Sustainability Solutions, Inc., Centurion Medical Products Corporation, Hygia Health Services, Inc., Medline ReNewal, MidWest Reprocessing Center, ReNu Medical, Inc., Ethicon, Inc., SureTek Medical, Vanguard AG, and Others.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to future product launches, governmental initiatives, market expansions, and marketing tactics.
  • The global reprocessed medical devices market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers of reprocessed medical devices, research and consulting firms, new entrants, and financial analysts.

Detailed Segmentation:

  • Global Reprocessed Medical Devices Market, By Technique:
  • Laparoscopic Devices
    • Gastroenterology
    • General Surgery
    • Orthopaedic Devices
    • Cardiovascular Devices
  • Global Reprocessed Medical Devices Market, By Region :
    • North America
      • By Technique
        • Laparoscopic Devices
        • Gastroenterology
        • General Surgery
        • Orthopedic Devices
        • Cardiovascular Devices
      • By Country:
        • U.S.
        • Canada
      • Latin America
        • By Technique
          • Laparoscopic Devices
          • Gastroenterology
          • General Surgery
          • Orthopedic Devices
          • Cardiovascular Devices
        • By Country:
          • Brazil
          • Mexico
          • Argentina
          • Rest of Latin America
    • Europe
      • By Technique
        • Laparoscopic Devices
        • Gastroenterology
        • General Surgery
        • Orthopedic Devices
        • Cardiovascular Devices
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Technique
        • Laparoscopic Devices
        • Gastroenterology
        • General Surgery
        • Orthopedic Devices
        • Cardiovascular Devices
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Technique
        • Laparoscopic Devices
        • Gastroenterology
        • General Surgery
        • Orthopedic Devices
        • Cardiovascular Devices
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Technique
        • Laparoscopic Devices
        • Gastroenterology
        • General Surgery
        • Orthopedic Devices
        • Cardiovascular Devices
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Stryker Sustainability Solutions, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Centurion Medical Products Corporation.
    • Hygia Health Services, Inc.
    • Medline ReNewal.
    • MidWest Reprocessing Center
    • ReNu Medical, Inc.
    • Ethicon, Inc
    • SureTek Medical
    • Vanguard AG

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Market Trends
    • Key Developments
    • Porters Analysis
    • PEST Model
  4. Global Reprocessed Medical Devices Market, By Product Type, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Laparoscopic Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Orthopedic Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Gastroenterology Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • General Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Cardiovascular Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
  5. Global Reprocessed Medical Devices Market, By Region, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • North America
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country/Region, 2019 – 2027, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
  6. Competitive Landscape
    • Company Profiles
      • MidWest Reprocessing Center
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Stryker Sustainability Solutions
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Medline ReNewal
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • SteriPro Canada, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Pioneer Medical Devices AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Vanguard AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • HYGIA Health Services, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • ReNu Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • SureTek Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  7. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 16 market data tables and 15 figures on “Reprocessed Medical Devices Market” – Global forecast to 2027”

Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner