Global Medical Device Reprocessing Market Size, Trends and Growth Opportunity, By Type (Enzymatic, Non-Enzymatic Detergent), By Product and Service (Reprocessing Support and Services, Reprocessed Medical Devices), By Process (Presoak, Manual Cleaning, Automatic Cleaning, Disinfection), By Devices Type (Critical Devices, Semi-Critical Devices, Non-Critical Devices), By Application (Devices, Accessories), By End User (Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Manufacturers, Ambulatory Surgical Centers, Others), By Region and forecast till 2027.
Global Medical Device Reprocessing Market
Global Medical Device Reprocessing Market was projected at USD 4,074.05 million in 2021 and is slated to reach USD 8,502.6 million by 2027 at a CAGR of 12.60% from 2022-2027.
A medical device is any equipment designed to be used for medical purposes. Medical equipment's intended use differs from that of common gadgets. Medical equipment helps in the diagnosis, treatment, and improvement of a patient's health. Reprocessing is the treatment of materials to make them reusable. Reprocessing includes cleaning, sanitising, sterilising, reconditioning, mending, and refurbishing medical devices.
Market Drivers
The cost difference between the original medical gadget and the remanufactured version is 40% to 60%. The adoption of these inexpensive solutions helps businesses save a lot of money, making them very accessible at very low prices and driving the medical device reprocessing market ahead. Throughout the forecast period, the dynamics of the market are influenced by the rising prevalence rate of chronic illnesses. The market for medical device reprocessing is growing since more people are being diagnosed with chronic diseases and having more surgeries as a result. Additionally, the development of the medical device reprocessing market would be influenced by the favourable regulatory environment regarding sustainable waste disposal options. Coupled with this, the market for medical device reprocessing is being driven by an increase in the utilisation of reprocessed goods in various cardiac procedures and blood pressure monitoring applications. Also, the growing elderly population and rising standard of living will accelerate market expansion. One of the main factors driving the market for medical device reprocessing is the rise in spending on healthcare infrastructure.
The expansion of the medical device reprocessing market will also be helped by the growing number of research and development activities. Also, throughout the anticipated period, the rising number of new markets and growing bio-banking situations would offer favourable prospects for the expansion of the medical device reprocessing market. The market will expand faster as reprocessing of medical devices is more outsourced and becomes more integrated into the workflow.
Market Restraints
The market is being hampered by the risk of surgical site infection transmission posed by the use of reprocessed devices. The reprocessing technique is also a complex and sophisticated process, which can restrain the development of the medical device reprocessing market. On the other hand, rigorous laws governing medical equipment reprocessing procedures will present a challenge to the market. Also, throughout the projection period, the emergence of unfavourable conditions as a result of the COVID-19 epidemic and lack of awareness would act as a restraint and further hinder the growth rate of the market.
Impact of COVID-19
The need for medical supplies to treat infected individuals has grown. The most common respiratory support equipment used in basic clinical care includes atomizers, life support machines, oxygen generators, and analyzers. Moreover, COVID-19 has caused a large rise in demand for medical supplies such as masks, gloves, and safety glasses. The demand for medical supplies among both healthcare professionals and the general public has significantly increased as a result of the sharp rise of COVID-19 cases around the world. Suppliers of these items have the opportunity to profit from the expanding demand for medical solutions in order to guarantee a continuous source of personal protection gear on the market. So, it is anticipated that COVID-19 will significantly affect the global medical device reprocessing market
Recent Development
In April 2021, Stryker and minor league baseball signed a multi-year national cooperation agreement identifying the medical device business as the authorized advanced robotics joint replacement partner. This relationship establishes a solid foundation for future growth and reputation.
Market Segmentation
Global Medical Device Reprocessing Market is segmented into Type, Product and Services, Process, Devices Type, Application, and End-User. By Type such as Enzymatic, Non-Enzymatic Detergent. By Product and Services such as Reprocessing Support and Services, Reprocessed Medical Devices. By Processes such as Presoak, Manual Cleaning, Automatic Cleaning, and Disinfection. By Devices Types such as Critical Devices, Semi-Critical Devices, and Non-Critical Devices. By Applications such as Devices, Accessories. By End-User such as Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Manufacturers, Ambulatory Surgical Centers, and Others.
Regional Analysis
Global Medical Device Reprocessing Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. North America dominates the medical device reprocessing market due to the important players with large GDPs in this area. Also, rising engagement in PDA guidelines and a developing medical recycled devices situation would boost the market's growth rate in this area. Asia-Pacific is predicted to rise during the forecast period because of technical advancements in automation and fast-rising product utilisation in this area.
Key Players
This report includes a list of numerous Key Players, namely Stryker (US), Cardinal Health (US), Medline Industries, Inc. (US), Johnson & Johnson Private Limited (US), Baxter (US), 3M (US), Cantel Medical (US), STERIS (US), EverX (US), Vanguard AG (US).
Market Taxonomy
By Type
• Enzymatic
• Non-Enzymatic Detergent
By Product and Service
• Reprocessing Support and Services
• Reprocessed Medical Devices
By Process
• Presoak
• Manual Cleaning
• Automatic Cleaning
• Disinfection
By Devices Type
• Critical Devices
• Semi-Critical Devices
• Non-Critical Devices
By Application
• Devices
• Accessories
By End User
• Hospitals
• Clinics
• Home Healthcare
• Diagnostic Centers
• Manufacturers
• Ambulatory Surgical Centers
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Medical Device Reprocessing Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Medical Device Reprocessing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Medical Device Reprocessing Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Medical Device Reprocessing Market Share Analysis, By Type
5.3 Global Medical Device Reprocessing Market Size and Forecast, By Type
5.3.1 Enzymatic
5.3.2 Non-Enzymatic Detergent
6 Global Medical Device Reprocessing Market, By Product and Service
6.1 Y-o-Y Growth Comparison, By Product and Service
6.2 Global Medical Device Reprocessing Market Share Analysis, By Product and Service
6.3 Global Medical Device Reprocessing Market Size and Forecast, By Product and Service
6.3. 1 Reprocessing Support and Services
6.3.2 Reprocessed Medical Devices
7 Global Medical Device Reprocessing Market, By Process
7.1 Y-o-Y Growth Comparison, By Process
7.2 Global Medical Device Reprocessing Market Share Analysis, By Process
7.3 Global Medical Device Reprocessing Market Size and Forecast, By Process
7.3.1 Presoak
7.3.2 Manual Cleaning
7.3.3 Automatic Cleaning
7.3.4 Disinfection
8 Global Medical Device Reprocessing Market, By Devices Type
8.1 Y-o-Y Growth Comparison, By Devices Type
8.2 Global Medical Device Reprocessing Market Share Analysis, By Devices Type
8.3 Global Medical Device Reprocessing Market Size and Forecast, By Devices Type
8.3.1 Critical Devices
8.3.2 Semi-Critical Devices
8.3.3 Non-Critical Devices
9 Global Medical Device Reprocessing Market, By Application
9.1 Y-o-Y Growth Comparison, By Application
9.2 Global Medical Device Reprocessing Market Share Analysis, By Application
9.3 Global Medical Device Reprocessing Market Size and Forecast, By Application
9.3.1 Devices
9.3.2 Accessories
10 Global Medical Device Reprocessing Market, By End User
10.1 Y-o-Y Growth Comparison, By End User
10.2 Global Medical Device Reprocessing Market Share Analysis, By End User
10.3 Global Medical Device Reprocessing Market Size and Forecast, By End User
10.3.1 Hospitals
10.3.2 Clinics
10.3.3 Home Healthcare
10.3.4 Diagnostic Centers
10.3.5 Manufacturers
10.3.6 Ambulatory Surgical Centers
10.3.7 Others
11Global Medical Device Reprocessing Market, By Region
11.1 Global Medical Device Reprocessing Market Share Analysis, By Region
11.2 Global Medical Device Reprocessing Market Share Analysis, By Region
11.3 Global Medical Device Reprocessing Market Size and Forecast, By Region
12 North AmericaMedical Device Reprocessing Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 North AmericaMedical Device Reprocessing Market Share Analysis, By Type
12.3 North AmericaMedical Device Reprocessing Market Size and Forecast, By Product and Service
12.4 North AmericaMedical Device Reprocessing Market Size and Forecast, By Process
12.5 North AmericaMedical Device Reprocessing Market Size and Forecast, By Devices Type
12.6 North AmericaMedical Device Reprocessing Market Size and Forecast, By Application
12.7 North AmericaMedical Device Reprocessing Market Size and Forecast, By End User
12.8 North AmericaMedical Device Reprocessing Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 EuropeMedical Device Reprocessing Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Europe Medical Device Reprocessing Market, Share Analysis, By Type
13.3 Europe Medical Device Reprocessing Market, Size and Forecast, By Product and Service
13.4 Europe Medical Device Reprocessing Market, Size and Forecast, By Devices Type
13.5 Europe Medical Device Reprocessing Market, Size and Forecast, By Process
13.6 Europe Medical Device Reprocessing Market, Size and Forecast, By Application
13.7 Europe Medical Device Reprocessing Market, Size and Forecast, By End User
13.8 Europe Medical Device Reprocessing Market, Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14Asia Pacific Medical Device Reprocessing Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Asia Pacific Medical Device Reprocessing Market, Share Analysis, By Type
14.3 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Product and Service
14.4 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Devices Type
14.5 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Process
14.6 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Application
14.7Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By End User
14.8 Asia Pacific Medical Device Reprocessing Market, Size and Forecast, By Country
14.8.1 China
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15Latin America Medical Device Reprocessing Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Medical Device Reprocessing Market, Share Analysis, By Type
15.3 Latin America Medical Device Reprocessing Market, Size and Forecast, By Product and Service
15.4 Latin America Medical Device Reprocessing Market, Size and Forecast, By Devices Type
15.5 Latin America Medical Device Reprocessing Market, Size and Forecast, By Process
15.6 Latin America Medical Device Reprocessing Market, Size and Forecast, By Application
15.7 Latin America Medical Device Reprocessing Market, Size and Forecast, By End User
15.8 Latin America Medical Device Reprocessing Market, Size and Forecast, Country
15.8.1. Brazil
15.8.2.Rest of Latin America
16Middle East Medical Device Reprocessing Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Medical Device Reprocessing Market, Share Analysis, By Type
16.3 Middle East Medical Device Reprocessing Market, Size and Forecast, By Product and Service
16.4 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Devices Type
16.5 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Process
16.6 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Application
16.7 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By End User
16.8 Middle East Medical Device Reprocessing Market, Sizeand Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 Stryker (US)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2Cardinal Health (US)
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3Medline Industries, Inc. (US)
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 Johnson & Johnson Private Limited (US)
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Baxter (US)
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 3M (US)
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Cantel Medical (US)
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies
18.8 STERIS (US)
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 EverX (US)
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10Vanguard AG (US)
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies
