Chicago, July 06, 2023 (GLOBE NEWSWIRE) -- Delvens announces the release of the report “Medical Device Reprocessing Market to Observe Highest CAGR Growth of 13.7% Will Reach USD 5.2 Billion from 2023-2030 by Type, Device Category, Application, Region, Competitive Landscape”. Medical Device Reprocessing Market research report is a resource that makes available current as well as upcoming technical and financial details of the industry to 2030. The report not only takes into consideration all the market drivers and restraints which are derived from SWOT analysis but also gives all the CAGR projections for the historic year 2021, base year 2022 and forecast period of 2023-2030. This industry analysis report speaks in detail about the manufacturing process, type and applications. The Medical Device Reprocessing Market report acts as a window to the industry which gives description of what market definition, classifications, applications, engagements and market trends are.
Medical Device Reprocessing Market by Type (Reprocessed Medical Devices), Device Category (Critical- Devices, Semi-Critical Devices, Non-Critical Devices), Application (Cardiology, Gynaecology, Gastroenterology, Anaesthesia) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Medical Device Reprocessing Market size is projected to reach a CAGR of 13.7% from 2023-2030.
The major factor that propels the market growth is the increasing demand for reprocessed medical devices due to their lower cost use will drive the market’s growth rate. Additionally, the rising prevalence rate of chronic disorders will propel the growth rate of the market during the forecast period. Furthermore, a growing number of R&D activities will boost many market opportunities during the forecast period.
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List of the Top Key Players of the Global Medical Device Reprocessing Market: General Electric, 3M, Olympus Corporation, Medline Industries, Inc., EverX, Avante Health Solutions, Gentinge AB, SOMA Tech International, Cardinal Health, Innovative Health, Johnson & Johnson Services, Inc., Cantel Medical, STERIS, Medtronic, Inc., Vanguard AG, SteriPro, SureTek Medical, NE Scientific, Inc., Renu Medical.
In 2022, Innovative Health, LLC received clearance to reprocess the Philips Eagle Eye Platinum digital IVUS (intravascular ultrasound) catheter. This clearance effectively marks the company’s entry into the path lab space, thereby expanding the company’s medical device reprocessing market reach in cardiology applications.
In 2022, Medline ReNewal opened a new distribution centre in Southaven, Mississippi. The facility serves major hospitals, nursing homes, and military facilities in the region. The company invested in expanding its storage and distribution capacity in Mississippi to meet the product needs of its healthcare customers. Over USD 350.0 million in annual orders are expected to be handled from the Southaven facility.
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Scope of the Global Medical Device Reprocessing Market Research Report:
Medical Device Reprocessing Market is segmented into various segments such as type, device category, application and region:
On the basis of type, the global medical device reprocessing market is segmented into:
- Reprocessing Support & Services
- Reprocessed medical devices
On the basis of device category, the global medical device reprocessing market is segmented into:
- Critical Devices
- Semi- Critical Devices
- Non- Critical Devices
On the basis of application, the global medical device reprocessing market is segmented into:
- Cardiology
- Gastroenterology
- Gynaecology
- Arthroscopy & Orthopaedic Surgery
- General Surgery and Anaesthesia
- Other Applications (Urology, non-invasive surgeries, patient monitoring)
On the basis of region, the global medical device reprocessing market is segmented into:
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
North America to Dominate the Market
North America dominates the medical device reprocessing market because of major key players with high GDP in this region.
Additionally, surging involvement in PDA guidelines and trending medical reprocessed device scenarios will flourish the market’s growth rate in this region.
The medical device reprocessing market is expected to see significant growth in the coming years due to increased demand for cost-effective healthcare solutions and sustainable practices. The market includes companies that specialize in cleaning, sterilizing, and reusing medical devices, and it is driven by factors such as regulatory requirements, technological advancements, and the need to reduce healthcare costs. The market is expected to expand further due to the growing demand for reprocessed medical devices in emerging markets, as well as the increasing prevalence of chronic diseases and the ageing population in developed countries. However, concerns about the safety and efficacy of reprocessed medical devices may limit market growth to some extent. Overall, the medical device reprocessing market is poised for significant growth in the coming years as healthcare providers look for ways to reduce costs and implement sustainable practices while maintaining high standards of patient care.
Direct Purchase of the Global Medical Device Reprocessing Market Research Report at: https://www.delvens.com/checkout/medical-device-reprocessing-market-trends-forecast-till-2030
Reasons to Purchase this Global Research Report:
- Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
- Gain authentic and granular data access for Medical Device Reprocessing Market to understand the trends and the factors involved in changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
The demand for medical products to treat infected people has increased. The most commonly used medical equipment in primary clinical care is respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors. Furthermore, COVID-19 has resulted in a significant increase in demand for medical goods such as masks, gloves, and protective spectacles. Because of the surge in the number of COVID-19 cases worldwide, the demand for medical supplies has increased dramatically among healthcare professionals and the general public. Manufacturers of these items have an opportunity to take advantage of the rising demand for medical supplies to assure a steady supply of personal protective equipment on the market. COVID-19 is thus predicted to have a major impact on the worldwide medical device reprocessing market.
Global Medical Device Reprocessing Market Overview: https://www.delvens.com/report/medical-device-reprocessing-market-trends-forecast-till-2030
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