Medical Device Reprocessing Market size worth $ 4.01 Billion, Globally, by 2028 at 15.86% CAGR: Verified Market Research®

The Medical Device Reprocessing Market is predicted to rise in response to the rising demand for low cost reprocessed medical devices, reduction in medical waste, and rising number of surgical procedures and other factors.

JERSEY CITY, N.J., May 4, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Medical Device Reprocessing Market" By Device Type (Catheters, Laparoscopy Instruments, Biopsy Instruments), By Applications (Cardiology, Gastroenterology, Urology and Gynecology), and By Geography. According to Verified Market Research, the Global Medical Device Reprocessing Market size was valued at USD 1.23 Billion in 2020 and is projected to reach USD 4.01 Billion by 2028, growing at a CAGR of 15.86% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=54521

Browse in-depth TOC on "Medical Device Reprocessing Market"

202 - Pages
126 – Tables
37 – Figures

Global Medical Device Reprocessing Market Overview

The primary factor driving the market growth is increasing involvement of medical device reprocessing workflow, trending bio banking scenario, and rise in outsourcing medical instrument reprocessing. The medical device assists in diagnosing, treating, and enhancing the patients' health. Reprocessing couples with the treatment of materials to make them reusable. Reprocessing is considered cleaning, disinfecting, sterilizing, reconditioning, repairing, and refurbishing medical devices. Demand for the Medical Device Reprocessing Market is increasing in both developed and developing countries, with the increasing development of refurbished equipment and services and government initiatives to reduce the use of medical devices. The Medical Device Reprocessing Market is growing due to the need to save money as the crisis unfolds and the adaptation increases.

There is an increase in the demand for medical supplies to take care of the infected population. Respiratory support devices like atomizers, life support machines, oxygen generators, and monitors are major medical devices in primary clinical treatment. Also, COVID-19 has increased the demand for medical supplies like personal protective equipment, including masks, gloves, and protective eyeglasses. The need for medical supplies has increased significantly among healthcare professionals and the civil population for preventive measures because of increasing COVID-19 cases across the globe. Manufacturers of these products can capitalize on this increased demand for medical supplies to ensure an adequate and continuous supply of personal protective equipment in the market. Thus, COVID 19 is expected to affect the Global Medical Device Reprocessing Market significantly.

Key Developments

• On May 2019, Medtronic announced the FDA approval and marketing of the Select Site C304-HIS deflectable catheter system. This system is employed in His-bundle pacing processes. This strategic path increased revenue and boosted the company's standing in the industry.

Key Players

The major players in the market are Stryker Corporation, Johnson & Johnson, Vanguard AG, Medline ReNewal, Medtronic plc, SteriPro Inc., Pioneer Medical Devices AG, Vascular Solutions, Inc., HYGIA Health Services, Inc.

Verified Market Research has segmented the Global Medical Device Reprocessing Market On the basis of Device Type, Application, and Geography.

• Medical Device Reprocessing Market, By Device Type
• Catheters
• Laparoscopy Instruments
• Biopsy Instruments
• Endoscopy Instruments
• Cables
• Columns
• Curves and Cutters
• Others
• Medical Device Reprocessing Market, By Application
• Cardiology
• Gastroenterology
• Urology and Gynecology
• Arthroscopy and Orthopedic Surgery
• General Surgery
• Anesthesia
• Medical Device Reprocessing Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Endoscope Reprocessing Market By End User (Hospitals, Ambulatory Centers), By Product (High-Level Disinfectants & Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors), By Geography, Forecast, 2021-2028

Medical Device Outsourcing Market By Service (Contract Manufacturing, Quality Assurance, Regulatory Affairs Services, Product Design and Development Services), By Application (Cardiology, Diagnostic imaging, Orthopedic, IVD, Ophthalmic, General and plastic surgery), By Geography, Forecast, 2021-2028

Medical Device Cleaning Market By Product (Detergents And Chemicals), By Process (Disinfection, Manual Cleaning, Automatic Cleaning, Presoaking/Precleaning), By Applications (Surgical Instruments, Ultrasound Probes, Endoscopes, Dental Instruments), By End-Users (Hospitals And Clinics, Dental Clinics And Hospitals, Diagnostic Centers), By Geography, Forecast, 2021-2028

Reprocessed Medical Device Consumption Market By Product (Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices, Gastroenterology Medical Devices, General Surgery Medical Devices), By Application (Hospital, Commercial), By Geography, Forecast, 2021-2028

Top 7 Medical Device Companies, investing in quality care, at international level

Visualize Medical Device Reprocessing Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

SOURCE Verified Market Research