Reprocessed Medical Devices Market is one of the fast growing markets across the globe. There has been a significance rise in healthcare technology in the past few years to provide effective and affordable medical devices.
Reprocessing medical devices are those that go under several processes of inspecting, cleaning, testing and sterilizing such that the devices remain active and safe for suitable clinical applications.
However, continuous increase in medical wastes along with lack of support for waste disposal in healthcare industry raises the burden on environment further leads to deterioration of environmental conditions. These factors lead to environmental hazards and further raise the health concerns.
Rise in initiative by the public sector organizations with collaboration of government authorities towards reprocessing of medical devices likely to reduce the burden of medical waste disposal from the healthcare industries.
Market Segmentation
Demand Analysis By Device Type
Cardiovascular Medical Devices
Blood Pressure Cuffs/Tourniquet Cuffs
Cardiac Stabilization and Positioning Devices
Deep Vein Compression Sleeves (DVT)
Diagnostic Electrophysiology Catheters
Electrophysiology Cables
Laparoscopic Medical Devices
Endoscopic Trocars and Components
Harmonic Scalpels
General Surgery Medical Devices
Balloon Inflation Devices
Infusion Pressure Bags
Orthopedic/ Arthroscopic Medical Devices
External Fixation Devices
Gastroenterology Medical Devices
Biopsy Forceps
Demand Analysis By End-User
Hospitals
Nursing Homes
Small Clinics
By Region
Reprocessed Medical Device Market is further classified on the basis of region as follows:
North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis
Growth Drivers and challenges
Increase in demand for reprocessed medical devices is expected to rise over the forecast period i.e. 2015-2021; driven by need to minimize the cost of clinical applications and diagnosis process to provide better and safe medical services.
High volume of medical waste generation and rising concern towards landfill is expected to adopt reprocessed medical devices by the hospitals and small clinics in the near future. In addition to that, the key factors such as low-cost, safe for clinical applications etc. are likely to spur the demand for reprocessed medical devices across the globe during the forecast period 2015-2021.
Market size and forecast
The global reprocessed medical device market is expected to reach USD 4.95 Billion by 2021 from USD 0.76 Billion in 2013 and it is expected to grow at a CAGR of 19.55% over the forecast period i.e. 2015-2021.
The global market of reprocessed medical device market is expected to grow exponentially as government initiatives are expected to rise in the near future globally. With 51% share in global market, North-America accounted for the highest share in 2014 and it is expected to keep its dominance in the near future. The advancement of technology in healthcare industry and awareness towards reprocessed medical devices across the region of North-America is expected to raise the demand for reprocessed medical devices over the forecast period i.e. 2015-2021.
Source Link : http://www.researchnester.com/reports/reprocessed-medical-device-market-global-demand-analysis-opportunity-outlook-2023/165

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