Reprocessed Medical Devices Market
Reprocessed Medical Devices Market Analysis By Device Type (Cardiovascular Devices, General Surgery Devices, Laparoscopic Devices, Orthopedic External Fixation Devices, Gastroenterology Biopsy Forceps), and By Region - Global Market Insights 2021 to 2028
Analysis of Reprocessed Medical Devices market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Reprocessed Medical Devices Market Outlook (2021 to 2028)
The consumption of reprocessed medical devices to rise at an impressive CAGR of 14.9% from 2021 to 2028. In 2020, the global reprocessed medical devices market was worth US$ 2.05 Billion , and the market is anticipated to surge to a valuation of US$ 5.9 Billion by the end of 2028.
Reusable medical devices have seen a rise in demand and preference from several healthcare institutions as they struggle to manage high costs and increasing healthcare expenditure.
| Report Attributes | Details |
|---|---|
| Reprocessed Medical Devices Market Size (2020) | US$ 2.05 Billion |
| Projected Year Value (2028F) | US$ 5.9 Billion |
| Global Market Growth Rate (2021 to 2028) | 14.9% CAGR |
| Key Companies Profiled | Stryker; Medline Industries Inc.; ReNu Medical; LUMITOS AG; Vanguard AG; Johnson & Johnson; Sterilmed Inc.; Hygia Health Services Inc.; Centurion Medical Products Corporation; Siemens Healthcare; Philips Healthcare; GE Healthcare; Suretech Medical Inc. |
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Demand Survey of Reprocessed Medical Devices (2017 to 2020) in Comparison to Market Growth Forecasts (2021 to 2028)
Increasing healthcare expenditure has led to a paradigm shift in the reprocessing of medical devices, and this trend is expected to be prevalent over the coming years as well. Focus on healthcare has bolstered across the world, and low-income economies have less spending potential, which is promoting the adoption of reusable medical devices.
An increase in the popularity of reprocessed single-use medical devices is also expected to favor the shipments of reprocessed medical devices.
Increasing focus on the reduction of medical waste, rising popularity of third-party reprocessing services, growing technological advancements and innovations, and low prices of reusable medical devices are other trends that will influence reprocessed medical device consumption over the coming years.
Increasing instances of hospital-acquired infections (HAIs) across the world have increased the focus on decontamination of medical devices and sterilization of these devices. The emergence of coronavirus infections has bolstered the demand for hygiene in healthcare institutions across the globe.
Single-use medical devices are expected to see a rise in popularity across the forecast period as the focus on decontamination and sterilization increases to avoid the risk of cross-contamination and hospital-acquired infections (HAIs).
From 2021 to 2028, demand for reprocessed medical devices is projected to rise at a stellar CAGR of 14.9%.
What Factors are Driving Adoption of Reprocessed Medical Devices?
“Rising Focus on Medical Waste Reduction”
Medical waste management is one of the crucial challenges that healthcare systems across the world are struggling to tackle and with the increasing patient pool this issue is expected to be bigger in the near future. In order to reduce medical waste, multiple healthcare institutions, as well as governments, are taking initiatives to boost the use of reusable medical devices.
As demand for reprocessed medical devices will increase it will also subsequently drive the growth of third-party reprocessing services.
“Increased Demand for Reprocessed Medical Devices in Cardiovascular Surgeries”
Instances of cardiovascular diseases have increased the number of cardiovascular surgeries across the world and these surgeries have seen an extensive rise in the use of reprocessed medical devices. The low cost of these reusable cardiovascular surgery devices is expected to drive their sales.
Another factor that will drive demand in the cardiovascular surgeries segment is the increasing geriatric population that is prone to cardiovascular diseases.
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How Will Sales of Reprocessed Medical Devices Perform Across Various Regions?
“North America Amounts for Majority of Reprocessed Medical Device Shipments”
The North America reprocessed medical devices market is anticipated to hold a dominant market share in the global landscape.
Favorable regulatory policies, increasing support from the government, increasing instances of cardiovascular diseases, and rising demand for medical waste management are some of the prime factors that will influence demand for reprocessed medical devices in this region. Sales of reprocessed endoscopes are expected to see a hike across the forecast period.
This region is anticipated to hold a major market share of 40% in the global reprocessed medical devices industry landscape by the end of 2028.
Demand for reprocessed medical devices is expected to be high in the regions of East Asia and South Asia owing to the rising focus on healthcare in these regions.
Developing economies in these regions are seeing a rise in healthcare expenditure, but limited spending potential of these economies is boosting the sales of reprocessed medical devices.
Increasing geriatric population and rising availability of these reusable medical devices are expected to be other factors influencing market potential in these regions.
Country-wise Insights
How Will the Reprocessed Medical Devices Market Perform in the U.S.?
“Presence of Key Reprocessed Medical Device Companies to Boost Demand”
The U.S. reprocessed medical devices market is anticipated to have a bright outlook over the forecast period owing to the increasing adoption of reprocessed medical devices that are favored by supportive regulatory policies given by the government.
Presence of key reprocessed medical device companies, the rising geriatric population, an increasing number of cardiovascular surgeries, and the good quality of reprocessed medical devices are other factors that will drive the reprocessed medical devices market potential in the nation.
What is the Reprocessed Medical Devices Market Outlook for China?
“Increasing Focus on Healthcare to Favor Market Potential”
China has seen an increase in the incidence of chronic diseases just like the rest of the world has and this has increased the focus on healthcare in the nation. Government spending on healthcare infrastructure has increased and this is expected to favour reprocessed medical devices market potential in this region.
Increasing geriatric population, the presence of robust manufacturing infrastructure, and the rising availability of reusable medical devices are other factors that will influence reprocessed medical devices market growth through 2028 in China.
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Category-wise Insights
Which Device Type Will Hold a Dominant Market Share?
“Reprocessed Cardiovascular Devices to See High Demand”
The world has witnessed a substantial rise in the incidence of cardiovascular diseases and this has led to an increased demand for cardiovascular devices that are used in surgeries.
The world is witnessing a growing geriatric patient pool which is more prone to suffer from cardiac conditions and this will further increase the number of surgeries performed hence driving sales of reprocessed cardiovascular devices across the world.
This segment is anticipated to account for more than 1/2 of the global reprocessed medical devices market share across the forecast period.
What Impact Did the COVID-19 Pandemic Have on Shipments of Reprocessed Medical Devices?
In 2020, as coronavirus infections plagued the world, most of the markets toppled under immense pressure and this led to a slowdown of the world economy. To contain the spread of infections, nations across the world implemented lockdowns that made it difficult for businesses to sustain their operations. Especially the manufacturing sector was adversely affected and this resulted in the loss of sales for the reprocessed medical devices market in 2020.
Focus on decontamination of medical devices became of paramount importance during the pandemic and this was further passed on to reprocessed medical device repackaging and labelling of reusable medical devices to ensure their safety. Sales of single-use medical devices and products saw a hike in the pandemic era.
Reprocessed medical device consumption is anticipated to see good growth in the post-pandemic era owing to an increased focus on healthcare and increased healthcare expenditure on a global scale. Increasing focus on healthcare in developing economies is expected to majorly propel reprocessed medical device demand in the post-pandemic era through 2028. Reprocessed endoscopes and reprocessed cardiovascular medical devices are expected to see high demand in the post-pandemic era.
Top Companies Analysis and Key Developments
Key reprocessed medical device market players are focusing on mergers and acquisitions to increase their business scope across the world and increase sales.
- In February 2022, DePuy Synthes, the orthopedics company of Johnson & Johnson, announced the acquisition of CrossRoads Extremity Systems. This will bring CrossRoads’s EcoSMART instrument portfolio to DePuy Synthes and strengthen its reprocessing facilities.
Key Segments Covered in Reprocessed Medical Devices Industry Research
-
By Device Type:
- Cardiovascular Devices
- Blood Pressure Cuffs/Tourniquet Cuffs
- Cardiac Stabilization and Positioning Devices
- Compression Sleeves (DVT)
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- General Surgery Devices
- Balloon Inflation Devices
- Infusion Pressure Bags
- Laparoscopic Devices
- Endoscopic Trocars & Components
- Harmonic Scalpel
- Orthopedic External Fixation Devices
- Gastroenterology Biopsy Forceps
- Cardiovascular Devices
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Outlook, by Region
- 4. Market Trend Analysis, 2021 to 2028
- 5. Global Market Analysis and Forecast, by Device Type, 2021 to 2028
- 5.1. Cardiovascular Devices
- 5.2. General Surgery Devices
- 5.3. Laparoscopic Devices
- 5.4. Orthopedic External Fixation Devices
- 5.5. Gastroenterology Biopsy Forceps
- 6. Global Market Analysis and Forecast, by Region, 2021 to 2028
- 6.1. North America
- 6.2. Europe
- 6.3. Asia Pacific
- 6.4. Middle East & Africa
- 6.5. Latin America
- 7. North America Market Analysis and Forecast, 2021 to 2028
- 8. Europe Market Analysis and Forecast, 2021 to 2028
- 9. Asia Pacific Market Analysis and Forecast, 2021 to 2028
- 10. Latin America Market Analysis and Forecast, 2021 to 2028
- 11. Middle East & Africa Market Analysis and Forecast, 2021 to 2028
- 12. Competition Landscape
- 12.1. Stryker
- 12.2. Medline Industries Inc.
- 12.3. ReNu Medical
- 12.4. LUMITOS AG
- 12.5. Vanguard AG
- 12.6. Johnson & Johnson
- 12.7. Sterilmed Inc.
- 12.8. Hygia Health Services Inc.
- 12.9. Centurion Medical Products Corporation
- 12.10. Siemens Healthcare
- 12.11. Philips Healthcare
- 12.12. GE Healthcare
- 12.13. Suretech Medical Inc.
- 13. Assumptions & Acronyms Used
- 14. Research Methodology
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List Of Table
Table 1: Global Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 2: Global Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 3: Global Market Value (Mn) Analysis, 2021 to 2028
Table 4: Global Market Value (Mn) Analysis, 2021 to 2028
Table 5: Global Market Value (Mn) Forecast, by Region, 2021 to 2028
Table 6: Global Market Value (Mn) Forecast, by Region, 2021 to 2028
Table 7: North America Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 8: North America Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 9: North America Market Value (Mn) Analysis, 2021 to 2028
Table 10: North America Market Value (Mn) Analysis, 2021 to 2028
Table 11: North America Market Value (Mn) Forecast, by Country, 2021 to 2028
Table 12: North America Market Value (Mn) Forecast, by Country, 2021 to 2028
Table 13: U.S. Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 14: U.S. Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 15: U.S. Market Value (Mn) Analysis, 2021 to 2028
Table 16: U.S. Market Value (Mn) Analysis, 2021 to 2028
Table 17: Canada Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 18: Canada Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 19: Canada Market Value (Mn) Analysis, 2021 to 2028
Table 20: Canada Market Value (Mn) Analysis, 2021 to 2028
Table 21: Europe Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 22: Europe Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 23: Europe Market Value (Mn) Analysis, 2021 to 2028
Table 24: Europe Market Value (Mn) Analysis, 2021 to 2028
Table 25: Europe Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 26: Europe Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 27: Germany Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 28: Germany Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 29: Germany Market Value (Mn) Analysis, 2021 to 2028
Table 30: Germany Market Value (Mn) Analysis, 2021 to 2028
Table 31: U.K. Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 32: U.K. Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 33: U.K. Market Value (Mn) Analysis, 2021 to 2028
Table 34: U.K. Market Value (Mn) Analysis, 2021 to 2028
Table 35: France Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 36: France Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 37: France Market Value (Mn) Analysis, 2021 to 2028
Table 38: France Market Value (Mn) Analysis, 2021 to 2028
Table 39: Italy Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 40: Italy Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 41: Italy Market Value (Mn) Analysis, 2021 to 2028
Table 42: Italy Market Value (Mn) Analysis, 2021 to 2028
Table 43: Spain Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 44: Spain Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 45: Spain Market Value (Mn) Analysis, 2021 to 2028
Table 46: Spain Market Value (Mn) Analysis, 2021 to 2028
Table 47: Russia & CIS Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 48: Russia & CIS Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 49: Russia & CIS Market Value (Mn) Analysis, 2021 to 2028
Table 50: Russia & CIS Market Value (Mn) Analysis, 2021 to 2028
Table 51: Rest of Europe Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 52: Rest of Europe Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 53: Rest of Europe Market Value (Mn) Analysis, 2021 to 2028
Table 54: Rest of Europe Market Value (Mn) Analysis, 2021 to 2028
Table 55: Asia Pacific Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 56: Asia Pacific Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 57: Asia Pacific Market Value (Mn) Analysis, 2021 to 2028
Table 58: Asia Pacific Market Value (Mn) Analysis, 2021 to 2028
Table 59: Asia Pacific Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 60: Asia Pacific Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 61: China Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 62: China Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 63: China Market Value (Mn) Analysis, 2021 to 2028
Table 64: China Market Value (Mn) Analysis, 2021 to 2028
Table 65: Japan Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 66: Japan Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 67: Japan Market Value (Mn) Analysis, 2021 to 2028
Table 68: Japan Market Value (Mn) Analysis, 2021 to 2028
Table 69: India Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 70: India Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 71: India Market Value (Mn) Analysis, 2021 to 2028
Table 72: India Market Value (Mn) Analysis, 2021 to 2028
Table 73: ASEAN Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 74: ASEAN Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 75: ASEAN Market Value (Mn) Analysis, 2021 to 2028
Table 76: ASEAN Market Value (Mn) Analysis, 2021 to 2028
Table 77: Rest of Asia Pacific Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 78: Rest of Asia Pacific Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 79: Rest of Asia Pacific Market Value (Mn) Analysis, 2021 to 2028
Table 80: Rest of Asia Pacific Market Value (Mn) Analysis, 2021 to 2028
Table 81: Latin America Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 82: Latin America Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 83: Latin America Market Value (Mn) Analysis, 2021 to 2028
Table 84: Latin America Market Value (Mn) Analysis, 2021 to 2028
Table 85: Latin America Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 86: Latin America Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 87: Brazil Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 88: Brazil Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 89: Brazil Market Value (Mn) Analysis, 2021 to 2028
Table 90: Brazil Market Value (Mn) Analysis, 2021 to 2028
Table 91: Mexico Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 92: Mexico Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 93: Mexico Market Value (Mn) Analysis, 2021 to 2028
Table 94: Mexico Market Value (Mn) Analysis, 2021 to 2028
Table 95: Rest of Latin America Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 96: Rest of Latin America Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 97: Rest of Latin America Market Value (Mn) Analysis, 2021 to 2028
Table 98: Rest of Latin America Market Value (Mn) Analysis, 2021 to 2028
Table 99: Middle East & Africa Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 100: Middle East & Africa Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 101: Middle East & Africa Market Value (Mn) Analysis, 2021 to 2028
Table 102: Middle East & Africa Market Value (Mn) Analysis, 2021 to 2028
Table 103: Middle East & Africa Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 104: Middle East & Africa Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2028
Table 105: GCC Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 106: GCC Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 107: GCC Market Value (Mn) Analysis, 2021 to 2028
Table 108: GCC Market Value (Mn) Analysis, 2021 to 2028
Table 109: South Africa Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 110: South Africa Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 111: South Africa Market Value (Mn) Analysis, 2021 to 2028
Table 112: South Africa Market Value (Mn) Analysis, 2021 to 2028
Table 113: Rest of Middle East & Africa Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 114: Rest of Middle East & Africa Market Value (Mn) Forecast, by Device Type, 2021 to 2028
Table 115: Rest of Middle East & Africa Market Value (Mn) Analysis, 2021 to 2028
Table 116: Rest of Middle East & Africa Market Value (Mn) Analysis, 2021 to 2028
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List Of Figures
Figure 1: Global Market Price Trend, by Region, 2021 to 2028 (US$/Ton)
Figure 2: Global Market Value Share, by Device Type, 2021, 2026, and 2028
Figure 3: Global Market Attractiveness, by Device Type
Figure 4: Global Market Value Share, Analysis, 2021, 2026, and 2028
Figure 5: Global Market Attractiveness, Analysis
Figure 6: Global Market Value Share, by Region, 2021, 2026, and 2028
Figure 7: Global Market Attractiveness, by Region
Figure 8: North America Market Value Share, by Device Type, 2021, 2026, and 2028
Figure 9: North America Market Attractiveness, by Device Type
Figure 10: North America Market Value Share, Analysis, 2021, 2026, and 2028
Figure 11: North America Market Attractiveness, Analysis
Figure 12: North America Market Value Share, by Country, 2021, 2026, and 2028
Figure 13: North America Market Attractiveness, by Country
Figure 14: Europe Market Value Share, by Device Type, 2021, 2026, and 2028
Figure 15: Europe Market Attractiveness, by Device Type
Figure 16: Europe Market Value Share, Analysis, 2021, 2026, and 2028
Figure 17: Europe Market Attractiveness, Analysis
Figure 18: Europe Market Value Share, by Country and Sub-region, 2021, 2026, and 2028
Figure 19: Europe Market Attractiveness, by Country and Sub-region
Figure 20: Asia Pacific Market Value Share, by Device Type, 2021, 2026, and 2028
Figure 21: Asia Pacific Market Attractiveness, by Device Type
Figure 22: Asia Pacific Market Value Share, Analysis, 2021, 2026, and 2028
Figure 23: Asia Pacific Market Attractiveness, Analysis
Figure 24: Asia Pacific Market Value Share, by Country and Sub-region, 2021, 2026, and 2028
Figure 25: Asia Pacific Market Attractiveness, by Country and Sub-region
Figure 26: Latin America Market Value Share, by Device Type, 2021, 2026, and 2028
Figure 27: Latin America Market Attractiveness, by Device Type
Figure 28: Latin America Market Value Share, Analysis, 2021, 2026, and 2028
Figure 29: Latin America Market Attractiveness, Analysis
Figure 30: Latin America Market Value Share, by Country and Sub-region, 2021, 2026, and 2028
Figure 31: Latin America Market Attractiveness, by Country and Sub-region
Figure 32: Middle East & Africa Market Value Share, by Device Type, 2021, 2026, and 2028
Figure 33: Middle East & Africa Market Attractiveness, by Device Type
Figure 34: Middle East & Africa Market Value Share, Analysis, 2021, 2026, and 2028
Figure 35: Middle East & Africa Market Attractiveness, Analysis
Figure 36: Middle East & Africa Market Value Share, by Country and Sub-region, 2021, 2026, and 2028
Figure 37: Middle East & Africa Market Attractiveness, by Country and Sub-region
Figure 38: Global Market Share Analysis, by Company, 2020
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the reprocessed medical devices market expected to be by the end of the forecast period?
The reprocessed medical devices market is projected to be worth US$ 5.9 Billion by the end of 2028.
What factors will propel demand for reprocessed medical devices?
Increasing aging population, rising healthcare expenditure, and growing availability of reusable medical devices are major trends that will drive reprocessed medical device sales through 2028.
What is the anticipated CAGR for the reprocessed medical devices market in the forecast period?
Sales of reprocessed medical devices are anticipated to increase at an impressive CAGR of 14.9% from 2021 to 2028.
Which key reprocessed medical device manufacturers are mentioned in this analysis?
Key reprocessed medical device suppliers are Stryker, Medline Industries Inc., ReNu Medical, LUMITOS AG, Vanguard AG, Johnson & Johnson, Sterilmed Inc., Hygia Health Services Inc., Centurion Medical Products Corporation, Siemens Healthcare, and Philips He
What was the total reprocessed medical devices market worth in 2020?
In 2020, the global reprocessed medical devices market was worth US$ 2.05 Billion.
What share will North America hold in 2028?
By 2028, the market for reprocessed medical devices in North America is anticipated to account for nearly 40% of the global industry.
Reprocessed Medical Devices Market