+1-888-308-5802     
News Contact Us

Reprocessed Medical Devices Market analysis and research report talks about major applications

Author : Rahul Sankrityayan | Published Date : 2019-05-09 

Reprocessed Medical Devices Market size is set to exceed USD 3 billion by 2024; according to a new research report by Global Market Insights. Rising prevalence of chronic diseases that further lead to upsurge in surgical procedures drives reprocessed medical devices market size during the forecast timeframe. The increasing demand for cost cutting procedures in healthcare in developed as well as developing countries similarly upsurges need for usage of reprocessed medical devices thereby, propelling business growth. To reprocess the devices aspects such as, lifecycle, efficacy, probable risk to patient and the components used for manufacturing are taken into consideration. Reprocessing of medical devices requires to comply with authenticated procedure that will render its suitability for usage.

The growing healthcare cost coupled with excessive prices of purchasing new medical devices creates requirement and demand for reprocessed medical devices this stimulates progress and development for reprocessing during the forecast timeframe. Moreover, the low price of reprocessed devices is foremost influence that encourages preference over new medical devices and is accountable for the increasing demand of reprocessed medical devices.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/477

Constant corrosion of ecological surroundings owing to growing landfills can be reduced with help of reprocessed medical devices, such factors boost the industry growth in coming years. However, the major factor that hinders reprocessed medical devices market growth is related risks of surgical site infections with reprocessed devices.

Cardiovascular medical devices held maximum revenue share of the overall reprocessed medical devices market due to high prevalence of cardiovascular diseases and, associated high surgical procedures of heart. Moreover, increasing factors such as, lack of physical exercise, unhealthy eating habits upsurges risk of cardiovascular diseases thereby, offering immense scope of growth in future for reprocessed cardiac devices.

Hospitals accounted for largest revenue share due to increasing requirement for reprocessed medical devices that aid in medical waste management. In addition to huge wastage produced from the operating rooms requires reduction of medical waste and management of landfills every year, this can be achieved through reprocessing. Furthermore, high number of surgical procedures performed in hospitals propels reprocessed medical devices market growth.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/477

U.S. held substantial revenue share owing to rising prevalence of heart disease, supportive regulatory framework, high number of medical products producers involved in the reprocessing programs. Moreover, encouraging governing policies along with established healthcare infrastructure upsurges reprocessed medical devices market growth during the forecast period. According to, Centers for Disease Control & Prevention (CDC) statistics updated in November 2017, nearly half of Americans have three risk factors of heart disease, these include high cholesterol, smoking, and high blood pressure.

China and India are anticipated to grow lucratively due to increasing investments in healthcare setup by major players along with high incidences of chronic conditions such as, cardiovascular diseases that leads to cardiac surgeries. In addition, strengthening network of distributors in developing nations stimulates reprocessed medical devices market growth.

Companies operational in the reprocessed medical devices includes Stryker Sustainability, Vanguard, GE Healthcare, Vascular Solutions, SureTek Medical, Centurion Medical Products, Soma Technology, Hygia Health Services, Steril Med (Ethicon Endo-Surgery), Mediline ReNewal, Midwest Reprocessing Centre, Medtronic, ReNu Medical, Pioneer Medical Devices, Steripro Canada, and Siemens Healthcare.

Prominent players are merging their business positions by focusing on managing Regulated Medical Waste (RMW) from landfills as well as reducing costs by adopting reprocessing and thereby, increasing business revenues. Furthermore, industry players gain tremendous benefits from reprocessing programs thereby, stimulating industry growth. For instance, in 2016, Stryker’s program for reprocessing assisted health systems to save approximately 299 USD million by eliminating 12.9 USD million pounds medical waste from the landfills.

Reprocessed medical devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Reprocessed Medical Devices Market by Product

  • Cardiovascular Medical Devices
  • Gastroenterology and Urology
  • Orthopedic/Arthroscopic
  • Laparoscopic
  • General Surgery Equipment

Reprocessed Medical Devices Market by End-use

  • Ambulatory Surgical Centers
  • Hospitals
  • Clinics

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Argentina
    • Mexico
    • Brazil
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Bioimplants Market drivers of growth analyzed in a new research report

Published Date: 2019-08-14         Author: Rahul Sankrityayan

Bioimplants Market size is projected to experience significant growth from 2019 to 2025. Growing prevalence of chronic diseases will significantly impel the bioimplants market growth in forthcoming years. Cardiovascular diseases, cancer, chronic pulmonary diseases and diabetes mellitus are most comm... Read More

Insights into Orthopedic Power Tools Market and it’s growth outlook

Published Date: 2019-08-14         Author: Rahul Sankrityayan

Orthopedic Power Tools Market size is projected to experience significant growth from 2019 to 2025. The instruments and accessories used for cutting, shaping, fixating and dissecting bone are called as orthopedic power tools. They are also utilized for fragmenting, emulsifying and aspirating soft ti... Read More

Hydropower Turbine Market to grow at 9% CAGR by 2025

Published Date: 2019-08-14         Author: Rahul Sankrityayan

Global Market Insights recently introduced report on Hydropower Turbine Market report is an in-depth study providing complete analysis of the industry for the period 2018 to 2024. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive... Read More

© 2019 Fractovia. All Rights Reserved