Medical Device Reprocessing Market: Trends, Opportunities and Competitive Analysis [2023-2028]
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Medical Device Reprocessing Market Trends and Forecast
The future of the global medical device reprocessing market looks promising with opportunities in the hospital, ambulatory surgical centers, and home healthcare markets. The global medical device reprocessing market is expected to reach an estimated $4.5 billion by 2028 with a CAGR of 15.2% from 2023 to 2028. The major drivers for this market are increasing demand for medical supplies globally, low prices of reprocessed medical devices, and growing awareness and campaigns from NGOs to reduce the volume of medical waste generated.
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Medical Device Reprocessing Market by Segment
The study includes trends and forecast for the global medical device reprocessing market by products & services, device type, application, end use industry, and region, as follows:
Medical Device Reprocessing Market by Product & Service [Shipment Analysis by Value from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, medical device reprocessing companies in the global market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical devices reprocessing companies profiled in this report include-
Q1. What is the medical device reprocessing market size?
Answer: The global medical device reprocessing market is expected to reach an estimated $4.5 billion by 2028.
Q2. What is the growth forecast for medical device reprocessing market?
Answer: The global medical device reprocessing market is expected to grow with a CAGR of 15.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the medical device reprocessing market?
Answer: The major drivers for this market are increasing demand for medical supplies globally, low prices of reprocessed medical devices, and growing awareness and campaigns from NGOs to reduce the volume of medical waste generated.
Q4. What are the major segments for medical device reprocessing market?
Answer: The future of the medical device reprocessing market looks promising with opportunities in the hospital, ambulatory surgical centers, and home healthcare markets.
Q5. Who are the key medical device reprocessing companies?
Answer: Some of the key medical device reprocessing companies is as follows:
Answer:Lucintel forecasts that reprocessing support & services is expected to remain the higher growing segment over the forecast period due to growing acceptance of third party reprocessing services by healthcare facilities owing to reduced in-house reprocessing costs.
Q7. In medical device reprocessing market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the highest growing segment over the forecast period due to on-going technological advancements for automation and increasing awareness associated with reprocessed medical devices in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the medical device reprocessing market by products & services (reprocessing support & services and reprocessing medical devices), device type (critical devices, semi-critical devices, and non-critical devices), application (cardiology, gastroenterology, gynaecology, arthroscopy & orthopaedic surgery, general surgery and anaesthesia, and others), end use industry (hospitals, ambulatory surgical centers, and home healthcare), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?
For any questions related to medical device reprocessing market or related to medical device reprocessing companies, medical device reprocessing market size, medical device reprocessing market share, medical device reprocessing market growth, medical device reprocessing market research, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
Medical Device Reprocessing Market Trends and Forecast
The future of the global medical device reprocessing market looks promising with opportunities in the hospital, ambulatory surgical centers, and home healthcare markets. The global medical device reprocessing market is expected to reach an estimated $4.5 billion by 2028 with a CAGR of 15.2% from 2023 to 2028. The major drivers for this market are increasing demand for medical supplies globally, low prices of reprocessed medical devices, and growing awareness and campaigns from NGOs to reduce the volume of medical waste generated.
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Medical Device Reprocessing Market by Segment
The study includes trends and forecast for the global medical device reprocessing market by products & services, device type, application, end use industry, and region, as follows:
Medical Device Reprocessing Market by Product & Service [Shipment Analysis by Value from 2017 to 2028]:
- Reprocessing Support & Services
- Reprocessing Medical Devices
- Critical Devices
- Semi-Critical Devices
- Non-Critical Devices
- Cardiology
- Gastroenterology
- Gynaecology
- Arthroscopy & Orthopedic Surgery
- General Surgery and Anesthesia
- Others
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare
- North America
- Europe
- Asia Pacific
- The Rest of the World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, medical device reprocessing companies in the global market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical devices reprocessing companies profiled in this report include-
- Stryker Corporation
- Johnson & Johnson
- Vanguard AG
- Medtronic
- Steris Healthcare
- Innovative Health
- Northeast Scientific
- Cardinal Health
- Medsalv
- Arjo Group
- Lucintel forecasts that reprocessing support & services is expected to remain the higher growing segment over the forecast period due to growing acceptance of third party reprocessing services by healthcare facilities owing to reduced in-house reprocessing costs.
- Within this market, cardiology, gastroenterology, gynaecology, arthroscopy & orthopedic surgery, general surgery and anesthesia, and others are segments of medical device reprocessing market by application. Lucintel forecasts that cardiology will remain the largest segment due to widespread presence of cardiac diseases that leads to increasing demand for diagnostic and surgical procedures.
- APAC will remain the highest growing segment over the forecast period due to on-going technological advancements for automation and increasing awareness associated with reprocessed medical devices in the region.
- Market Size Estimates: Medical device reprocessing market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Medical device reprocessing market size by various segments, such as by products & services, device type, application, end use industry, and region
- Regional Analysis: Medical device reprocessing market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by products & services, device type, application, end use industry, and regions for the medical device reprocessing market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the medical device reprocessing market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Q1. What is the medical device reprocessing market size?
Answer: The global medical device reprocessing market is expected to reach an estimated $4.5 billion by 2028.
Q2. What is the growth forecast for medical device reprocessing market?
Answer: The global medical device reprocessing market is expected to grow with a CAGR of 15.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the medical device reprocessing market?
Answer: The major drivers for this market are increasing demand for medical supplies globally, low prices of reprocessed medical devices, and growing awareness and campaigns from NGOs to reduce the volume of medical waste generated.
Q4. What are the major segments for medical device reprocessing market?
Answer: The future of the medical device reprocessing market looks promising with opportunities in the hospital, ambulatory surgical centers, and home healthcare markets.
Q5. Who are the key medical device reprocessing companies?
Answer: Some of the key medical device reprocessing companies is as follows:
- Stryker Corporation
- Johnson & Johnson
- Vanguard AG
- Medtronic
- Steris Healthcare
- Innovative Health
- Northeast Scientific
- Cardinal Health
- Medsalv
- Arjo Group
Answer:Lucintel forecasts that reprocessing support & services is expected to remain the higher growing segment over the forecast period due to growing acceptance of third party reprocessing services by healthcare facilities owing to reduced in-house reprocessing costs.
Q7. In medical device reprocessing market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the highest growing segment over the forecast period due to on-going technological advancements for automation and increasing awareness associated with reprocessed medical devices in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the medical device reprocessing market by products & services (reprocessing support & services and reprocessing medical devices), device type (critical devices, semi-critical devices, and non-critical devices), application (cardiology, gastroenterology, gynaecology, arthroscopy & orthopaedic surgery, general surgery and anaesthesia, and others), end use industry (hospitals, ambulatory surgical centers, and home healthcare), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?
For any questions related to medical device reprocessing market or related to medical device reprocessing companies, medical device reprocessing market size, medical device reprocessing market share, medical device reprocessing market growth, medical device reprocessing market research, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
1. EXECUTIVE SUMMARY
2. GLOBAL MEDICAL DEVICE REPROCESSING MARKET: MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2017 TO 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Medical Device Reprocessing Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Medical Device Reprocessing Market by Products & Services
3.3.1: Reprocessing Support & Services
3.3.2: Reprocessing Medical Devices
3.4: Global Medical Device Reprocessing Market by Device Type
3.4.1: Critical Devices
3.4.2: Semi-Critical Devices
3.4.3 Non-Critical Devices
3.5: Global Medical Device Reprocessing Market by Application
3.5.1: Cardiology
3.5.2: Gastroenterology
3.5.3: Gynaecology
3.5.4: Arthroscopy & Orthopedic Surgery
3.5.5: General Surgery and Anesthesia
3.5.6: Others
3.6: Global Medical Device Reprocessing Market by End Use Industry
3.6.1: Hospitals
3.6.2: Ambulatory Surgical Centers
3.6.3: Home Healthcare
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2017 TO 2028
4.1: Medical Device Reprocessing Market by Region
4.2: North American Medical Device Reprocessing Market
4.2.1: North American Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.2.2: North American Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
4.3: European Medical Device Reprocessing Market
4.3.1: European Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.3.2: European Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
4.4: APAC Medical Device Reprocessing Market
4.4.1: APAC Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.4.2: APAC Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
4.5: ROW Medical Device Reprocessing Market
4.5.1: ROW Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.5.2: ROW Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Device Reprocessing Market by Products & Services
6.1.2: Growth Opportunities for the Global Medical Device Reprocessing Market by Device Type
6.1.3: Growth Opportunities for the Global Medical Device Reprocessing Market by Application
6.1.4: Growth Opportunities for the Global Medical Device Reprocessing Market by End Use Industry
6.1.5: Growth Opportunities for the Global Medical Device Reprocessing Market by Region
6.2: Emerging Trends in the Global Medical Device Reprocessing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Device Reprocessing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Device Reprocessing Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Stryker Corporation
7.2: Johnson & Johnson
7.3: Vanguard AG
7.4: Medtronic
7.5: Steris Healthcare
7.6: Innovative Health
7.7: Northeast Scientific
7.8: Cardinal Health
7.9: Medsalv
7.10: Arjo Group
2. GLOBAL MEDICAL DEVICE REPROCESSING MARKET: MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2017 TO 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Medical Device Reprocessing Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Medical Device Reprocessing Market by Products & Services
3.3.1: Reprocessing Support & Services
3.3.2: Reprocessing Medical Devices
3.4: Global Medical Device Reprocessing Market by Device Type
3.4.1: Critical Devices
3.4.2: Semi-Critical Devices
3.4.3 Non-Critical Devices
3.5: Global Medical Device Reprocessing Market by Application
3.5.1: Cardiology
3.5.2: Gastroenterology
3.5.3: Gynaecology
3.5.4: Arthroscopy & Orthopedic Surgery
3.5.5: General Surgery and Anesthesia
3.5.6: Others
3.6: Global Medical Device Reprocessing Market by End Use Industry
3.6.1: Hospitals
3.6.2: Ambulatory Surgical Centers
3.6.3: Home Healthcare
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2017 TO 2028
4.1: Medical Device Reprocessing Market by Region
4.2: North American Medical Device Reprocessing Market
4.2.1: North American Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.2.2: North American Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
4.3: European Medical Device Reprocessing Market
4.3.1: European Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.3.2: European Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
4.4: APAC Medical Device Reprocessing Market
4.4.1: APAC Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.4.2: APAC Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
4.5: ROW Medical Device Reprocessing Market
4.5.1: ROW Medical Device Reprocessing Market by Products & Services: Reprocessing Support & Services and Reprocessing Medical Devices
4.5.2: ROW Medical Device Reprocessing Market by Application: Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopedic Surgery, General Surgery and Anesthesia, and Others
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Device Reprocessing Market by Products & Services
6.1.2: Growth Opportunities for the Global Medical Device Reprocessing Market by Device Type
6.1.3: Growth Opportunities for the Global Medical Device Reprocessing Market by Application
6.1.4: Growth Opportunities for the Global Medical Device Reprocessing Market by End Use Industry
6.1.5: Growth Opportunities for the Global Medical Device Reprocessing Market by Region
6.2: Emerging Trends in the Global Medical Device Reprocessing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Device Reprocessing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Device Reprocessing Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Stryker Corporation
7.2: Johnson & Johnson
7.3: Vanguard AG
7.4: Medtronic
7.5: Steris Healthcare
7.6: Innovative Health
7.7: Northeast Scientific
7.8: Cardinal Health
7.9: Medsalv
7.10: Arjo Group
