HOME Research Insight Market Leader - Medical Device Reprocessing Market

Market Leader - Medical Device Reprocessing Market

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% during the forecast period. The medical device reprocessing market is emerging and fragmented in nature with various regional and national players. In 2016, Stryker Corporation (U.S.) and Johnson & Johnson (U.S.) dominated the medical device reprocessing market and accounted for approximately 80% to 85% share of the North American medical device reprocessing market.

Stryker Corporation (U.S.) dominated the global medical device reprocessing market in 2016. The company offers a comprehensive range of standards and services for reprocessing of various medical devices used in different application areas. It offers its services and reprocessed medical devices through the Sustainability Business segment; also known as Stryker’s Sustainability Solutions (SSS). To maintain its leading position and increase its customer base in the medical device reprocessing market, the company mainly focuses on strategic partnerships with hospitals and other healthcare organizations. Currently, the company has partnered with around 3,000 hospitals in the U.S. for reprocessing of medical devices.

Johnson & Jonson (U.S.) held the second position in the global medical device reprocessing market in 2016. The company offers medical device reprocessing services and reprocessed products through SterilMed, Inc. (U.S.), one of its major subsidiary. SterilMed, Inc., a medical device manufacturer with a wide range of reprocessed medical devices used in cardiology, gastroenterology, urology, gynecology, arthroscopy, ophthalmology, general surgery, and anesthesia. The company has its reprocessing centers in the U.S. and Canada and serves other medical device manufacturers, hospitals, clinics, surgery centers, and other healthcare facilities across North America. The company’s stronghold in this market is primarily attributed to its continuous focus on customer base relationship. For instance, the company has entered into strategic partnerships with various hospitals in past five years and currently serves more than 1,000 hospitals in the U.S.

Some of the other players competing in this market are Vanguard AG (Germany), Medline ReNewal (U.S.), Medtronic plc (Ireland), SteriPro Canada, Inc., 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.).

Related 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

Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports