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Single-Use Medical Device Reprocessing Market 2021: Industry Trends and Growth Rate, Product and Application Segmentation, Key Companies and Regional Analysis by 2024

Single-Use Medical Device Reprocessing

The report focuses on the favorable Global “Single-Use Medical Device Reprocessing market” and its expanding nature. The Single-Use Medical Device Reprocessing market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The single-use medical device reprocessing market was valued at USD 1,858.2 million in 2018 and is expected to register a CAGR of about 15.24% during the forecast period, 2019-2024. Reprocessing of single-use devices (SUDs) helps in saving costs and reducing medical waste. Reuse of single-use devices involves regulatory, ethical, medical, legal, and economic issues and has been extremely controversial for more than two decades. However, due to its cost saving nature and sustainability, single-use reprocessing of medical devices is now gaining recognition as a promising prospect. Along with cost reduction, it also results in environmental sustainability. SUD reprocessing is one of the top healthcare supply chain strategies used to reduce cost and optimize resources.

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    Key Manufacturers

  • Medline
  • Nescientific Inc.
  • ReNu medical
  • Sterilmed Inc.
  • SteriPro
  • Stryker
  • Suretek Medical
  • Vanguard AG

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Single-Use Medical Device Reprocessing market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Single-Use Medical Device Reprocessing market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Single-Use Medical Device Reprocessing market have also been involved in the study.

    Scope of the Report:

  • Single-use device (SUD) reprocessing includes cleaning, disinfection, sterilization, as well as testing and restoration of the technical and functional safety of the used device. Reprocessing of SUDs makes it possible for hospitals to maintain patient care quality while saving substantial amounts of money. The more devices are reprocessed the greater financial benefits. This report analyzes the market trends of patient monitoring equipment, future growth, and the regional market of the same.

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    TOC of Single-Use Medical Device Reprocessing Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Single-Use Medical Device Reprocessing market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Single-Use Medical Device Reprocessing Market Report Covered:

    • The report analyses how Single-Use Medical Device Reprocessing market will grow in the future.
    • Analyzing various perspectives of the Single-Use Medical Device Reprocessing market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Single-Use Medical Device Reprocessing market shares and policies employed by the major market players.
    • Competitive landscape including the Single-Use Medical Device Reprocessing market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Single-Use Medical Device Reprocessing market players

    Key Market Trends:

    Electrophysiological Cardiac Catheters Segment is Poised to Register Robust Growth.

    The utilization of single-use percutaneous catheters is generally done in interventional cardiology, but there has been an increasing number of cardiac interventions and the consequent economic load demand for assessing SUDs’ reuse. When safety and efficiency are assured by SUD reprocessing, substantial saving can be achieved in interventional cardiology, both at the departmental and national level, contributing to optimizing budget allocation for the healthcare system. The n Society of Cardiac Arrhythmias issued a favorable opinion to the reprocessing of electrophysiological devices to the FDA. The FDA classifies Electrophysiological Cardiac Catheters in Class 2 surgical devices and allows its reprocessing in the United States.

    The to Dominate the Single-Use Medical Device Reprocessing Market.

    The accounted for the largest market, accounting for around 86% of the North n market and is expected to witness a high CAGR of nearly 19% over the forecast period. The is followed by an countries, which is the next leading region in terms of revenue. Moreover, the single-use medical device reprocessing market is growing in Asia-Pacific, and the reuse of single-use devices in most of Asia is becoming common, particularly for injection needles. However, for the most part, there are no national regulations governing the reuse of SUDs and, thus, third-party reprocessors do not offer their services in most of the emerging economies of the Asia-Pacific region.

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    Study objectives of Single-Use Medical Device Reprocessing Market Report:

    • To provide a detailed analysis of the market structure along with the Single-Use Medical Device Reprocessing market forecast of various segments and sub-segments of the Single-Use Medical Device Reprocessing market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Single-Use Medical Device Reprocessing market trends that influence the global Single-Use Medical Device Reprocessing market

    Detailed TOC of Single-Use Medical Device Reprocessing Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Cost Savings Through Reprocessing Single-use Devices
    4.2.2 Regulatory Pressure to Reduce Volume of Medical Waste
    4.3 Market Restraints
    4.3.1 Potential of Material Alteration and Cross Infection with Reprocessed Device
    4.3.2 Preconceived Notions Regarding the Quality of Reprocessed Single-use Medical Devices (SUDs)
    4.3.3 Lack of Regulations in SUD Reprocessing in Emerging Markets

    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Device Type
    5.1.1 Class I Devices
    5.1.1.1 Sequential Compression Sleeves
    5.1.1.2 Tourniquet Cuffs
    5.1.1.3 Pulse Oximeter Sensors
    5.1.1.4 Other Class I Devices
    5.1.2 Class II Device
    5.1.2.1 Microdebriders
    5.1.2.2 Cautery Electrodes
    5.1.2.3 Laparoscopic Graspers
    5.1.2.4 Scissors
    5.1.2.5 Forceps
    5.1.2.6 Scalpels
    5.1.2.7 Orthopedic Blades
    5.1.2.8 Drill Bits
    5.1.2.9 External Fixation Clamps
    5.1.2.10 Electrophysiological Cardiac Catheters
    5.1.2.11 Other Class II Devices
    5.2 Geography
    5.2.1 North
    5.2.1.1 US
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2
    5.2.2.1 Germany
    5.2.2.2 UK
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Medline
    6.1.2 Nescientific Inc.
    6.1.3 ReNu medical
    6.1.4 Sterilmed Inc.
    6.1.5 SteriPro
    6.1.6 Stryker
    6.1.7 Suretek Medical
    6.1.8 Vanguard AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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