HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: MD 5361

 

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The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients. The global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022. Base year considered for the report is 2016.

The key factors driving the growth of this market include the low prices of reprocessed devices as compared to new ones and the pressure to reduce the volume of medical waste generated.

Objectives of the Study

  • To define, describe, and forecast the global market with respect to product & service, type of device, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders
  • To forecast the size of the market with respect to four main regions—North America, Europe, Asia-Pacific, and the Rest of the World
  • To profile the key players in the global market and comprehensively analyze their core competencies
  • To track and analyze competitive developments such as agreements and partnerships, mergers, acquisitions, reprocessed medical device developments, and service launches of the leading players in the global market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global medical device reprocessing market and estimate the size of other dependent submarkets. Various secondary sources such as associations (including Food and Drug Administration (FDA), European Association for Medical Device Reprocessing (EAMDR), Association of Medical Device Reprocessors (AMDR), and Canadian Association of Medical Device Reprocessing (CAMDR)), directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study ofthis market. Primary sources such as experts from both supply and demand sides have been interviewed to obtainand validateinformationas well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

Medical Device Reprocessing Market

To know about the assumptions considered for the study, download the pdf brochure

The major players in the global medical device reprocessing market are Stryker Corporation (U.S.), Johnson & Johnson (U.S.), Vanguard AG (Germany), Medline ReNewal (U.S.), Medtronic plc (Ireland), SteriPro Canada, Inc.(Canada), Pioneer Medical Devices AG (Germany), Vascular Solutions, Inc. (U.S.), HYGIA Health Services, Inc. (U.S.), ReNu Medical, Inc. (U.S.), SureTek Medical (U.S.), and Centurion Medical Products Corporation (U.S.).

Target Audience:

  • Third-party medical device reprocessors and distributors
  • Hospitals, clinics, and other healthcare laboratories
  • Academic and research institutions
  • Government associations
  • Market research and consulting firms
  • Venture capitalists and investors

Scope of the Report:

The research report categorizes the market into the following segments and subsegments:

Medical Device Reprocessing Market, by Product & Service

  • Reprocessing Support & Services
  • Reprocessed Medical Device

Medical Device Reprocessing Market, by Type of Device

  • Catheters
  • Laparoscopy Instruments
  • Biopsy Instruments
  • Endoscopy Instruments
  • Cables, Columns, Curves, and Cutters
  • Other Reprocessed Medical Devices

*Other reprocessed medical devices include diathermy, optical lines, ultrasonic clothing, ultrasonic scalpels, patient transferring matt, suture passers, forceps, fall alarms, scissor tips, needles, syringes, external vein stripper, intra-aortic balloon systems, dialysis sets, extraction balloons and baskets, flexible stone dislodge, metal stone dislodge, snare, hemodialysis blood circuit accessories, umbilical scissors, trans-septal needle, reproduction needle, tube chargers, electrodes, arthroscopic coagulators, and other single-use & reusable medical devices.

Medical Device Reprocessing Market, by Application

  • Cardiology
  • Gastroenterology, Urology, and Gynecology
  • Arthroscopy and Orthopedic Surgery
  • General Surgery and Anesthesia

Medical Device Reprocessing Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe (RoE)
  • Asia-Pacific
    • Australia
    • Japan
  • RoW
    • Latin America
    • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the Rest of European market into the Netherlands, Switzerland, Austria, Portugal, and other European countries

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Approach
           2.1.1 Secondary Sources
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Sources
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Global Medical Device Reprocessing Market Overview
    4.2 Global Market, By Type of Device, 2017 Vs, 2022
    4.3 Geographic Growth Opportunities
    4.4 Geographic Mix

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Low Prices of Reprocessed Medical Devices
                    5.2.1.2 Pressure to Reduce Volume of Regulated Medical Waste
           5.2.2 Restraints
                    5.2.2.1 Risk of Surgical Site Infections
           5.2.3 Opportunities
                    5.2.3.1 Regulatory Changes Favoring the Adoption of Medical Device Reprocessing
           5.2.4 Key Challenges
                    5.2.4.1 Stringent Regulations for Medical Device Reprocessing Practices

6 Regulatory Analysis (Page No. - 38)
    6.1 Introduction
           6.1.1 North America
                    6.1.1.1 U.S.
                    6.1.1.2 Canada
           6.1.2 Europe
                    6.1.2.1 Germany
                    6.1.2.2 Rest of Europe
           6.1.3 Asia-Pacific (APAC)
                    6.1.3.1 Japan
                    6.1.3.2 Australia
                    6.1.3.3 Rest of APAC
           6.1.4 Latin America
           6.1.5 Middle East & Africa

7 Global Medical Device Reprocessing Market, By Product & Service (Page No. - 44)
    7.1 Introduction
    7.2 Reprocessing Support and Services
    7.3 Reprocessed Medical Devices

8 Global Medical Device Reprocessing Market, By Type of Medical Device (Page No. - 50)
    8.1 Introduction
    8.2 Catheters
    8.3 Laparoscopy Instruments
    8.4 Cables, Columns, Curves, and Cutters
    8.5 Biopsy Instruments
    8.6 Endoscopy Instruments
    8.7 Other Reprocessed Medical Devices

9 Global Medical Device Reprocessing Market, By Application (Page No. - 58)
    9.1 Introduction
    9.2 Cardiology
    9.3 Gastroenterology, Urology, and Gynecology
    9.4 Arthroscopy and Orthopedic Surgery
    9.5 General Surgery and Anesthesia

10 Global Medical Device Reprocessing Market, By Region (Page No. - 65)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 Australia
             10.4.2 Japan
     10.5 Rest of the World (RoW)
             10.5.1 Latin America
             10.5.2 Middle East and Africa

11 Medical Device Reprocessing Market: Competitive Landscape (Page No. - 101)
     11.1 Vendor Dive Overview
             11.1.1 Vanguards
             11.1.2 Innovators
             11.1.3 Emerging
             11.1.4 Dynamic
     11.2 Competitive Benchmarking
             11.2.1 Product Portfolio of Major Players in the global market
             11.2.2 Business Strategies Adopted By Major Players in the global market
     11.3 Market Share Analysis

*Top 16 Companies Analysed for This Study are - Stryker Corporation (U.S.), Vanguard AG (Germany), Johnson & Johnson (U.S.), Medtronic PLC (Ireland), Medline Renewal (U.S.), Steripro Canada, Inc. (Canada), Pioneer Medical Devices AG (Germany), Vascular Solutions, Inc. (U.S.), Hygia Health Services, Inc. (U.S.), Renemedical, Inc. (U.S.), Suretek Medical (U.S.), Centurion Medical Products Corporation (U.S.), Innovative Health, LLC. (U.S.), Nescientific, Inc. (U.S.), Agito Medical A/S (Denmark), and Synergy Health PLC (U.K.).

12 Company Profiles (Page No. - 106)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Stryker Corporation
     12.2 Vanguard AG
     12.3 Johnson & Johnson (J&J) (Sterilmed, Inc.)
     12.4 Medtronic PLC
     12.5 Medline Renewal
     12.6 Steripro Canada Inc.
     12.7 Pioneer Medical Devices AG
     12.8 Vascular Solutions, Inc.
     12.9 Hygia Health Services, Inc.
     12.10 Renu Medical, Inc.
     12.11 Suretek Medical
     12.12 Centurion Medical Products Corporation

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 135)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Report
     13.7 Author Details


List of Tables (75 Tables)

Table 1 Price Comparison: New Device Versus Reprocessed Device
Table 2 Low Prices of Reprocessed Medical Devices to Drive Market Growth
Table 3 Reprocessed Medical Devices Market: Key Restraints
Table 4 Regulatory Changes Provide Significant Growth Opportunities
Table 5 Need to Comply With Regulatory Procedures for Medical Device Reprocessing, A Major Market Challenge
Table 6 Indicative List of Regulatory Authorities Governing Medical Device Reprocessing
Table 7 Canada: Reprocessing Policies of Single-Use Medical Devices
Table 8 Global Medical Device Reprocessing Market, By Product and Service, 2015-2022 (USD Million)
Table 9 Global Reprocessing Support and Services Market Size, By Country/Region, 2015-2022 (USD Million)
Table 10 Players Offering Reprocessed Medical Devices
Table 11 Global Reprocessed Medical Devices Market Size, By Country/Region, 2015-2022 (USD Million)
Table 12 Global Medical Device Reprocessing Market Size, By Type of Medical Device, 2015–2022 (USD Million)
Table 13 Global Reprocessed Catheters Market Size, By Country/Region, 2015-2022 (USD Million)
Table 14 Global Reprocessed Laparoscopy Instruments Market Size, By Country/Region, 2015-2022 (USD Million)
Table 15 Global Reprocessed Cables, Columns, Curves, and Cutters Market Size, By Country/Region, 2015-2022 (USD Million)
Table 16 Global Reprocessed Biopsy Instruments Market Size, By Country/Region, 2015-2022 (USD Million)
Table 17 Global Reprocessed Endoscopy Instruments Market Size, By Country/Region, 2015-2022 (USD Million)
Table 18 Global Other Reprocessed Medical Devices Market Size, By Country/Region, 2015-2022, (USD Million)
Table 19 Global Medical Device Reprocessing Market, By Application, 2015-2022 (USD Million)
Table 20 Global Market Size for Cardiology, By Country/Region, 2015-2022 (USD Million)
Table 21 Prevalence of Gynecologic Conditions, 2014-2015
Table 22 Global Market Size for Gastroenterology, Urology, and Gynecology, By Country/Region, 2015-2022 (USD Million)
Table 23 Global Market Size for Arthroscopy and Orthopedic Surgery, By Country/Region, 2015-2022 (USD Million)
Table 24 Global Market Size for General Surgery and Anesthesia, By Country/Region, 2015-2022 (USD Million)
Table 25 Global Market Size, By Region, 2015-2022 (USD Million)
Table 26 Global Market Size, By Country/Region, 2015-2022 (USD Million)
Table 27 North America: Medical Device Reprocessing Market Size, By Country, 2015–2022 (USD Million)
Table 28 North America: Market Size, By Product & Service, 2015–2022 (USD Million)
Table 29 North America: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 30 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 31 U.S.: Number of Patient Visits (Thousands) (2011 – 2013)
Table 32 U.S.: Number of Reported Surgical Procedures (2014)
Table 33 U.S.: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 34 U.S.: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 35 U.S.: Market Size, By Application, 2015–2022 (USD Million)
Table 36 Canada: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 37 Canada: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 38 Canada: Market Size, By Application, 2015–2022 (USD Million)
Table 39 Europe: Market Size, By Country/Region, 2015–2022 (USD Million)
Table 40 Europe: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 41 Europe: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 42 Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 43 Germany: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 44 Germany: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 45 Germany: Market Size, By Application, 2015–2022 (USD Million)
Table 46 U.K.: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 47 U.K.: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 48 U.K.: Market Size, By Application, 2015–2022 (USD Million)
Table 49 France: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 50 France: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 51 France: Market Size, By Application, 2015–2022 (USD Million)
Table 52 Rest of Europe: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 53 Rest of Europe: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 54 Rest of Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 55 Asia-Pacific: Medical Device Reprocessing Market Size, By Country, 2015-2022 (USD Million)
Table 56 Asia-Pacific: Market Size, By Product & Service, 2015–2022 (USD Million)
Table 57 Asia-Pacific: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 58 Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 59 Australia: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 60 Australia: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 61 Australia: Market Size, By Application, 2015–2022 (USD Million)
Table 62 Japan: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 63 Japan: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 64 Japan: Market Size, By Application, 2015–2022 (USD Million)
Table 65 RoW: Medical Device Reprocessing Market Size, By Region, 2015–2022 (USD Million)
Table 66 RoW: Market Size, By Product & Service, 2015–2022 (USD Million)
Table 67 RoW: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 68 RoW: Market Size, By Application, 2015–2022 (USD Million)
Table 69 Brazil: Number of Heart Valve Surgeries
Table 70 Latin America: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 71 Latin America: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 72 Latin America: Market Size, By Application, 2015–2022 (USD Million)
Table 73 Middle East and Africa: Medical Device Reprocessing Market Size, By Product & Service, 2015–2022 (USD Million)
Table 74 Middle East and Africa: Market Size, By Type of Device, 2015–2022 (USD Million)
Table 75 Middle East and Africa: Market Size, By Application, 2015–2022 (USD Million)


List of Figures (24 Figures)

Figure 1 Medical Device Reprocessing Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Global Market Size, By Product and Service, 2017 vs 2022 (USD Million)
Figure 7 Global Market Size, By Type of Medical Device, 2017 vs 2022 (USD Million)
Figure 8 Global Market Size, By Application, 2017 vs 2022 (USD Million)
Figure 9 Geographic Snapshot: Global Medical Device Reprocessing Market
Figure 10 Low Prices of Reprocessed Medical Device to Drive Market Growth
Figure 11 Catheters Hold Largest Share of the Global Market in 2016
Figure 12 U.S. Held Largest Share of the Market in 2016
Figure 13 North America to Dominate the Market During the Forecast Period
Figure 14 Global Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Premarket Notification: 510(K) Approval for Reprocessed Medical Devices
Figure 16 CE Marking for Reprocessed Medical Devices
Figure 17 North America: Market Snapshot
Figure 18 Europe: Market Snapshot
Figure 19 Dive Chart
Figure 20 North America: Market Share, By Key Players (2016)
Figure 21 Stryker Corporation: Company Snapshot (2016)
Figure 22 Johnson & Johnson: Company Snapshot (2016)
Figure 23 Medtronic PLC: Company Snapshot (2016)
Figure 24 Vascular Solutions, Inc.: Company Snapshot (2015)

The global medical device reprocessing market is projected to reach USD 1,754.0 Million by 2022 from USD 823.5 Million in 2017, at a CAGR of 16.3%. The growth of this market is majorly driven by the increased utilization of the low priced reprocessed medical devices as compared to new devices, increased efforts towards reducing regulated medical waste (RMW), and rising number of surgical procedures associated with the growing prevalence of chronic diseases. However, the risk of transmission of surgical site infections associated with the use of reprocessed devices may hinder the growth of the market to a certain extent.

The reprocessing practices are regulated by various regional regulatory authorities. The changing regulatory scenario favoring medical device reprocessing in a number of countries, such as France and Japan, will open up new areas of opportunity for market players. For example, till 2016, the outsourcing of medical device reprocessing was prohibited in France; however, the European Union (EU) Regulations (Article 17), released on April 5, 2017, mandated the use of third-party reprocessing services by all French hospitals. These regulations are expected to be implemented in France by 2020. Similarly, Japan does not currently have any regulations for the reprocessing of single-use medical devices. Therefore, regulatory authorities, such as the Ministry of Health, Labor and Welfare (MHLW) (Japan), in collaboration with the FDA (U.S.), are focusing on generating new medical device reprocessing guidelines for Japan.

The report analyzes the medical device reprocessing market by product & service, type of medical device, application, and region. On the basis of product & service, the reprocessing support and services segment accounted for the largest share in 2016, owing to the increased adoption of third-party reprocessing services over in-house reprocessing services by hospitals, clinics, surgical centers, clinical pathologies, and other healthcare organizations. Based on type of medical device, the catheters segment accounted for the largest share in 2016 and is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased utilization of reprocessed cardiac catheters, electrophysiology catheters, and diagnostic catheters in recent years. Based on application, the market is further categorized into cardiology; gastroenterology, urology, and gynecology; arthroscopy and orthopedic surgery; and general surgery and anesthesia. In 2016, the cardiology segment accounted for the largest share of the market; this is primarily attributed to the increasing number of cardiology surgeries associated with the growing prevalence of cardiovascular diseases (CVD) across the globe.

Medical Device Reprocessing Market

Geographically, the global medical device reprocessing market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America dominated the market, and this is primarily attributed to its well-established healthcare industry, growing prevalence of chronic diseases, and increasing volume of surgical procedures. The European region is expected to witness the highest CAGR during the forecast period, owing to the rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and growing awareness about the usage of reprocessed medical devices

In 2016, Stryker Corporation (U.S.) and Johnson & Johnson (U.S.) dominated the global medical device reprocessing market. Some of the other players competing in this market are Vanguard AG (Germany), Medline ReNewal (U.S.), Medtronic plc (Ireland), SteriPro Canada, Inc. (Canada), Pioneer Medical Devices AG (Germany), Vascular Solutions, Inc. (U.S.), HYGIA Health Services, Inc. (U.S.), ReNu Medical, Inc. (U.S.), SureTek Medical (U.S.), and Centurion Medical Products Corporation (U.S.).

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