Reprocessed Medical Devices Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Reprocessed or refurbished medical devices are devices that have been previously used and by performing certain validated processes such as disinfection and sterilization, are readied for use again. Reprocessing involves three steps that are point of use processing, thorough cleaning, and disinfection or sterilization. After performing these tasks the device is tested, if necessary remanufacturing is also performed and then packaging and labelling is carried out. These devices usually cost a fraction of the original new device and thus, are widely preferred in cost-sensitive regions such as India and China.

As per the stats of Association of Medical Device Reprocessors (AMDR), around 2 million tons of waste generated by U.S. hospitals each year and millions of waste include functional medical devices which are used only single time and the medical waste is the major source causes to production of carcinogens, therefore the increasing medical waste is harmful for the environment also.

The rising healthcare cost and the low cost of reprocessed devices are major factors observed behind the market growth, as hospitals try to reduce the expenditure without compromising on quality and performance of medical devices

According to European Association for Medical Device Reprocessing (EAMDR), third-party reprocessing companies market were established in the recent past and the industry is less developed than manufacturers market. Also, based on Robert-Koch-Institute’s (RKI) study and the stats of German reprocessing companies, 15-20% of single-use labelled devices can be reprocessed. These factors collectively are expected to create a highly conducive environment for growth of the reprocessed medical devices market in Europe in the near future.

Reprocessed medical devices market taxonomy:

Global Market, by Product Type

  • Non-invasive Devices
  • Orthopedic Devices
  • Diagnostic Imaging Devices
  • Surgical Devices
  • Cardiac Equipment
  • Opened but Unused Devices

Global Market, by Geography

  • North America
  • Europe
  • APAC
  • Latin America
  • Middle East
  • Africa

Cost effectiveness, equivalent performance to the original devices, warranty and availability of sources driving growth of reprocessed medical devices market

As per stats of the United States International Trade Commission (USITC), U.S is the largest market and it accounted more than 35% of the global market in the year 2011. Original equipment manufacturers (OEMs) holds major share in sales of reprocessed medical devices market in the U.S. This is mainly attributed to their robust sales and distribution network. However, some foreign countries account for a significant percentage of their sales. For example, the market in countries such as Italy, India, Brazil, South Korea, Japan, Spain, and Portugal account for 45 percent of GE Healthcare’s sales of reprocessed medical devices. Also, for the U.S., Europe is the major supplier region for reprocessed devices, followed by Canada and Mexico.

Also, the USITC stats indicate that the production of reprocessed devices increased by 12% during 2009-2011. This is mainly 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 it affected the reimbursement of devices, which in turn led to uptake of cost-effective devices.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.