According to the new market research report “Medical Device Reprocessing Market by Product (Reprocessed Device (Catheter, Endoscope, Laparoscopic Instruments, Biopsy, Pulse Oximeter), Service), Application (Cardiology, Gastroenterology, Arthroscopy, Orthopedic, Anesthesia) - Global Forecast to 2022", published by MarketsandMarkets™, The Medical Device Reprocessing Market is expected to reach USD 1,754 Million by 2022 from an estimated USD 823.5 Million in 2017, at a CAGR of 16.3%.
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The key factors driving the growth of this market include the low prices of reprocessed medical devices as compared to new devices and the pressure to reduce the volume of regulated medical waste (RMW) generated by various healthcare organizations. However, the risk of transmission of surgical site infections associated with the use of reprocessed medical devices may hinder the growth of this market to a certain extent.
By product and service, the reprocessing support and services segment accounted for the largest share of the market in 2016
By product and service, the reprocessing support and services segment accounted for the largest share of the market in 2016
On the basis of product and service, the medical device reprocessing market is broadly segmented into reprocessing support & services and reprocessed medical device. In 2016, reprocessing support and services accounted for the largest share of this market and expected to grow at the highest CAGR during the forecast period. This is primarily attributed to the growing preference for third-party reprocessing of medical devices, as opposed to in-house reprocessing, due to its cost-saving potential and reductions in medical waste generation.
By type of medical device, catheters held the largest market share in 2016
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Based on type of medical device, the medical device reprocessing market is further categorized into catheters; laparoscopy instruments; biopsy instruments; endoscopy instruments; cable, columns, curves, and cutters; and other reprocessed medical devices. In 2016, the catheters segment accounted for the largest share of the medical device reprocessing market and is expected to grow at the highest CAGR during the forecast period. The highest growth of this segment is mainly attributed to the increased utilization of reprocessed cardiology, electrophysiology, and diagnostic catheters in recent years.
Medical Device Reprocessing Market by Product, Application - Global Forecast to 2022
Medical Device Reprocessing Market Segmentation by Product & Service: Reprocessed Medical Devices, Reprocessing Support and Services; Type of Medical Device: Catheters, Laparoscopy Instruments, Biopsy Instruments, Endoscopy Instruments, Cables, Columns, and Cutters; Application: General Surgery, Cardiology, Orthopedic, Gastroenterology, Urology and Regions - Global Forecast to 2027Market ForecastRegistering a CAGR of 16.4%, the Global Medical Device Reprocessing Market is expected to reach USD 2,671.8 Million by 2025.
Medical device reprocessing is gaining popularity as it allows major cost savings and reduces hospital waste.
Medical waste treatment puts lots of cost pressure on hospitals; however, in countries such as the US, Japan and China, it has become a full-fledged industry.
For instance, Ascent, a subsidiary of Stryker Corporation, eliminated 1,684 tons of medical waste with the help of reprocessing.Market InfluencersThe changing regulatory scenario is some Asian countries such as Japan and China are positively influencing the market growth.
Therefore, regulatory authorities, such as the Ministry of Health, Labor and Welfare (MHLW) (Japan), in collaboration with the FDA (US), are focusing on the generation of new medical device reprocessing.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/8796Regional AnalysisOn a regional basis, the Americas is anticipated to dominate the global medical device reprocessing market owing to the presence of a favorable regulatory scenario to increase the safety and efficacy of the reprocessed medical device.
Additionally, increase in prevalence of chronic diseases and an increase in number of surgical procedures is boosting the market growth in the American region.
Market Highlights:Medical Device Reprocessing Market Segmentation by Product & Service: Reprocessed Medical Devices, Reprocessing Support and Services; Type of Medical Device: Catheters, Laparoscopy Instruments, Biopsy Instruments, Endoscopy Instruments, Cables, Columns, and Cutters; Application: General Surgery, Cardiology, Orthopedic, Gastroenterology, Urology and Regions – Global Forecast to 2025Registering a CAGR of 16.4%, the Global Medical Device Reprocessing Market is expected to reach USD 2,671.8 Million by 2025.Medical device reprocessing is gaining popularity as it allows major cost savings and reduces hospital waste.
For instance, Kaiser Permanente, a US-based integrated delivery network, saves approximately USD 11 million on an annual basis by reprocessing of medical devices.
Medical waste treatment puts lots of cost pressure on hospitals; however, in countries such as the US, Japan and China, it has become a full-fledged industry.
For instance, Ascent, a subsidiary of Stryker Corporation, eliminated 1,684 tons of medical waste with the help of reprocessing.Market Key Players:Medtronic PLC (Ireland)Stryker Corporation (US)Johnson & Johnson (US)Vanguard AG (Germany)AGITO MEDICAL A/S (Denmark)Medline Industries, Inc. (US)SteriPro (Canada)Block Imaging (US)EverX Pvt Ltd (Australia)SureTek Medical (US)ReNu Medical, Inc. (Arjo) (US)Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/8796 Segment AnalysisThe Global Medical Device Reprocessing Market has been segmented into Product & Service, Type Of Medical Device, and Application.By product & service, the market has been segregated into reprocessed medical devices and reprocessing support and services.
The reprocessing support and services are expected to hold the largest market share due to the rising preference of customers for reprocessing services by third-party reprocesses with reduced expenses and decreased environmental impact.By type of medical device, the market has been bifurcated into catheters, laparoscopy instruments, biopsy instruments, endoscopy instruments, and cables, columns, and cutters.On the basis of application, the global medical device reprocessing market has been classified as general surgery, cardiology, orthopaedic, gastroenterology, urology, and others.
The cardiology segment is expected to hold the largest market share owing to the increasing adoption of electrophysiology catheters by hospitals & clinics for various surgical procedures.Regional Analysis:On a regional basis, the Americas is anticipated to dominate the global medical device reprocessing market owing to the presence of a favorable regulatory scenario to increase the safety and efficacy of the reprocessed medical device.
The global endoscope reprocessing device market to grow from US$ 949.9 Mn in 2016 to US$ 2,171.5 Mn by 2027 end.
This represents CAGR of 7.9% over the forecast period of 2017–2027.
Endoscope are used on number of patients, after use it is contaminated with microorganism and it is necessary to clean it and make it microorganism free.
For cleaning, sterilisation and disinfection of endoscope and use of endoscope reprocessing device, one must follow the manufacturer’s direction and various standard organisation process to achieve the micro- organism free cleaning and to avoid the future complications.Endoscope Reprocessing Device Market: Key PlayersSome of the key players in the Global endoscope reprocessing device market are STERIS Plc., Cilag GmbH International, Soluscope, ENDO-TECHNIK W.Griesat GmbH, Getinge AB, Wassenburg Medical B.V., Steelco S.p.A., MEDIVATORS Inc. (Cantel Medical Corp.), Johnson & Johnson and Minntech Corp.Request Report Sample@ www.futuremarketinsights.com/reports/sample/rep-gb-2058Endoscope Reprocessing Device Market: Drivers and RestraintsEndoscope reprocessing device market is expected to rise due to increase in the number of the endoscope surgical procedures and also rise in the hospital acquired infections.
However limitation in cleaning the endoscope such as heat sensitive material or chemical sensitive material, skilled and professional person are required to use the device to avoid future complications may hamper the growth of endoscope reprocessing device market over the forecast period.Endoscope Reprocessing Device Market: SegmentationGlobal endoscope reprocessing device market has been segmented on the basis of product type, modality, end user and region.Based on the product type, the endoscope reprocessing device market is segmented into the following:Ultrasonic washersPasteurizersWasher-disinfectorsSterilizersAutomated endoscope reprocessors (AERs)Single basin automated endoscopic reprocessorsDouble basin automated endoscopic reprocessorsBased on the modality, the endoscope reprocessing device market is segmented into the following:Stand- alone endoscopic reprocessorsBench top endoscopic reprocessorsBased on the end user, the endoscope reprocessing devicemarket is segmented into the following:Hospital500 Bedded+250-499 BeddedLess than 250Ambulatory Surgical CentersSpecialty ClinicsContact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/2058Endoscope Reprocessing Device Market: OverviewEndoscope reprocessing device market is changing continuously due to increase in the uses of endoscope in various disease and disorders.
single basin automated endoscopic reprocessors and double basin automated endoscopic reprocessors are like to show positive impact on the market.
Market Highlights:Medical Device Reprocessing Market Segmentation by Product & Service: Reprocessed Medical Devices, Reprocessing Support and Services; Type of Medical Device: Catheters, Laparoscopy Instruments, Biopsy Instruments, Endoscopy Instruments, Cables, Columns, and Cutters; Application: General Surgery, Cardiology, Orthopedic, Gastroenterology, Urology and Regions – Global Forecast to 2025Registering a CAGR of 16.4%, the Global Medical Device Reprocessing Market is expected to reach USD 2,671.8 Million by 2025.Medical device reprocessing is gaining popularity as it allows major cost savings and reduces hospital waste.
For instance, Kaiser Permanente, a US-based integrated delivery network, saves approximately USD 11 million on an annual basis by reprocessing of medical devices.
Medical waste treatment puts lots of cost pressure on hospitals; however, in countries such as the US, Japan and China, it has become a full-fledged industry.
For instance, Ascent, a subsidiary of Stryker Corporation, eliminated 1,684 tons of medical waste with the help of reprocessing.Market Key Players:Medtronic PLC (Ireland)Stryker Corporation (US)Johnson & Johnson (US)Vanguard AG (Germany)AGITO MEDICAL A/S (Denmark)Medline Industries, Inc. (US)SteriPro (Canada)Block Imaging (US)EverX Pvt Ltd (Australia)SureTek Medical (US)ReNu Medical, Inc. (Arjo) (US)Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/8796 Segment AnalysisThe Global Medical Device Reprocessing Market has been segmented into Product & Service, Type Of Medical Device, and Application.By product & service, the market has been segregated into reprocessed medical devices and reprocessing support and services.
The reprocessing support and services are expected to hold the largest market share due to the rising preference of customers for reprocessing services by third-party reprocesses with reduced expenses and decreased environmental impact.By type of medical device, the market has been bifurcated into catheters, laparoscopy instruments, biopsy instruments, endoscopy instruments, and cables, columns, and cutters.On the basis of application, the global medical device reprocessing market has been classified as general surgery, cardiology, orthopaedic, gastroenterology, urology, and others.
The cardiology segment is expected to hold the largest market share owing to the increasing adoption of electrophysiology catheters by hospitals & clinics for various surgical procedures.Regional Analysis:On a regional basis, the Americas is anticipated to dominate the global medical device reprocessing market owing to the presence of a favorable regulatory scenario to increase the safety and efficacy of the reprocessed medical device.
Medical Device Reprocessing Market Segmentation by Product & Service: Reprocessed Medical Devices, Reprocessing Support and Services; Type of Medical Device: Catheters, Laparoscopy Instruments, Biopsy Instruments, Endoscopy Instruments, Cables, Columns, and Cutters; Application: General Surgery, Cardiology, Orthopedic, Gastroenterology, Urology and Regions - Global Forecast to 2027Market ForecastRegistering a CAGR of 16.4%, the Global Medical Device Reprocessing Market is expected to reach USD 2,671.8 Million by 2025.
Medical device reprocessing is gaining popularity as it allows major cost savings and reduces hospital waste.
Medical waste treatment puts lots of cost pressure on hospitals; however, in countries such as the US, Japan and China, it has become a full-fledged industry.
For instance, Ascent, a subsidiary of Stryker Corporation, eliminated 1,684 tons of medical waste with the help of reprocessing.Market InfluencersThe changing regulatory scenario is some Asian countries such as Japan and China are positively influencing the market growth.
Therefore, regulatory authorities, such as the Ministry of Health, Labor and Welfare (MHLW) (Japan), in collaboration with the FDA (US), are focusing on the generation of new medical device reprocessing.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/8796Regional AnalysisOn a regional basis, the Americas is anticipated to dominate the global medical device reprocessing market owing to the presence of a favorable regulatory scenario to increase the safety and efficacy of the reprocessed medical device.
Additionally, increase in prevalence of chronic diseases and an increase in number of surgical procedures is boosting the market growth in the American region.
The global endoscope reprocessing device market to grow from US$ 949.9 Mn in 2016 to US$ 2,171.5 Mn by 2027 end.
This represents CAGR of 7.9% over the forecast period of 2017–2027.
Endoscope are used on number of patients, after use it is contaminated with microorganism and it is necessary to clean it and make it microorganism free.
For cleaning, sterilisation and disinfection of endoscope and use of endoscope reprocessing device, one must follow the manufacturer’s direction and various standard organisation process to achieve the micro- organism free cleaning and to avoid the future complications.Endoscope Reprocessing Device Market: Key PlayersSome of the key players in the Global endoscope reprocessing device market are STERIS Plc., Cilag GmbH International, Soluscope, ENDO-TECHNIK W.Griesat GmbH, Getinge AB, Wassenburg Medical B.V., Steelco S.p.A., MEDIVATORS Inc. (Cantel Medical Corp.), Johnson & Johnson and Minntech Corp.Request Report Sample@ www.futuremarketinsights.com/reports/sample/rep-gb-2058Endoscope Reprocessing Device Market: Drivers and RestraintsEndoscope reprocessing device market is expected to rise due to increase in the number of the endoscope surgical procedures and also rise in the hospital acquired infections.
However limitation in cleaning the endoscope such as heat sensitive material or chemical sensitive material, skilled and professional person are required to use the device to avoid future complications may hamper the growth of endoscope reprocessing device market over the forecast period.Endoscope Reprocessing Device Market: SegmentationGlobal endoscope reprocessing device market has been segmented on the basis of product type, modality, end user and region.Based on the product type, the endoscope reprocessing device market is segmented into the following:Ultrasonic washersPasteurizersWasher-disinfectorsSterilizersAutomated endoscope reprocessors (AERs)Single basin automated endoscopic reprocessorsDouble basin automated endoscopic reprocessorsBased on the modality, the endoscope reprocessing device market is segmented into the following:Stand- alone endoscopic reprocessorsBench top endoscopic reprocessorsBased on the end user, the endoscope reprocessing devicemarket is segmented into the following:Hospital500 Bedded+250-499 BeddedLess than 250Ambulatory Surgical CentersSpecialty ClinicsContact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/2058Endoscope Reprocessing Device Market: OverviewEndoscope reprocessing device market is changing continuously due to increase in the uses of endoscope in various disease and disorders.
single basin automated endoscopic reprocessors and double basin automated endoscopic reprocessors are like to show positive impact on the market.