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Reprocessed Medical Devices Market (Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices Gastroenterology Medical Devices and General Surgery Medical Devices) for Hospital and Home Healthcare: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 26-Sep-2016 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-172 Status : Published

Global reprocessed medical devices market will hit USD 4.02 billion by 2021, growing at a CAGR of around 19.7% between 2016 and 2021.

Description

The report covers detailed analysis and forecast for the reprocessed medical devices market on a global and regional level from 2015 to 2021. The study offers historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion).  The study comprises a comprehensive view of the market with the review of market drivers, restraints, and opportunities. It also provides the level of impact of drivers and restraints on the reprocessed medical devices market between 2015 and 2021.

The study included a detailed competitive scenario and product portfolio of key vendors. The report evaluates Porter’s Five Forces model to analyze the different factors affecting the growth of the reprocessed medical devices market. Moreover, the study encompasses a market attractiveness analysis, which provides the most attractive and least attractive market segments information by end-use, type, and region.

The report includes detailed segmentation of reprocessed medical devices market based on types, type, and region. Hospitals and home healthcare are the key types in the reprocessed medical devices market. On the basis of types, the market can be classified into cardiovascular medical devices, laparoscopic medical devices, orthopedic/ arthroscopic medical devices gastroenterology medical devices and general surgery medical devices. Major regional segment analyzed in this report include North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S. Germany, France, UK, China, Japan, India, and Brazil.

The report provides detailed competitive outlook including market share and company profiles of the key players operating in the global market. Some of the key participants in the report include Stryker Sustainability, SterilMed, Inc., ReNu Medical, Inc., MidWest Reprocessing Center, Vanguard AG, SureTek Medical, Medline ReNewal, Hygia Health Services, Inc., and Centurion Medical Products Corp.
This report segments the global reprocessed medical device market as follows:

Global Reprocessed Medical Device Market: Product Analysis

  • Bacterial Cardiovascular Medical Devices
    • Blood Pressure Cuffs/Tourniquet Cuffs
    • Cardiac Stabilization And Positioning Devices
    • Compression Sleeves (DVT)
    • Diagnostic Electrophysiology Catheters
    • Electrophysiology Cables
  • Laparoscopic Medical Devices
    • Endoscopic Trocars And Components
    • Harmonic Scalpels
  • Orthopedic/ Arthroscopic Medical Devices
    • External Fixation Devices
    • Gastroenterology Medical Devices
    • Biopsy Forceps
  • General Surgery Medical Devices
    • Balloon Inflation Devices

Global Reprocessed Medical Devices Market: End-user Segment Analysis 

  • Hospital
  • Home healthcare

Global Reprocessed Medical Devices Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global reprocessed medical devices market, 2015 – 2021 (USD Billion)
    • 2.2. Global reprocessed medical devices market : Snapshot
  • Chapter 3. Reprocessed medical devices – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global reprocessed medical devices market drivers: Impact analysis
      • 3.2.2. Cost-effectiveness of reprocessed devices
    • 3.3. Market restraints
      • 3.3.1. Global reprocessed medical devices market restraints: Impact analysis
      • 3.3.2. Unwillingness in adopting reprocessed medical devices
    • 3.4. Opportunities
      • 3.4.1. Emerging markets in the developing countries
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by type segment
      • 3.6.2. Market attractiveness analysis, by end-use segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Reprocessed Medical Devices Market – Competitive Landscape
    • 4.1. Company market share, 2015 (Subject To Data Availability)
      • 4.1.1. Global reprocessed medical devices market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Type and Regional Expansion
    • 4.3. Product Portfolio
  • Chapter 5. Global Reprocessed Medical Devices Market – Type Analysis
    • 5.1. Global reprocessed medical devices market: Type overview
      • 5.1.1. Global reprocessed medical devices market revenue share, by end-use, 2015 - 2021
    • 5.2. Cardiovascular Medical Devices
      • 5.2.1. Global reprocessed medical devices market for cardiovascular medical devices, 2015 - 2021 (USD Billion)
    • 5.3. Laparoscopic Medical Devices
      • 5.3.1. Global reprocessed medical devices market for laparoscopic medical devices, 2015 - 2021 (USD Billion)
    • 5.4. Orthopedic/ Arthroscopic Medical Devices
      • 5.4.1. Global reprocessed medical devices market for orthopedic/ arthroscopic medical devices, 2015 - 2021 (USD Billion)
    • 5.5. Gastroenterology Medical Devices
      • 5.5.1. Global reprocessed medical devices market for gastroenterology medical devices, 2015 - 2021 (USD Billion)
    • 5.6. General Surgery Medical Devices
      • 5.6.1. Global reprocessed medical devices market for general surgery medical devices, 2015 - 2021 (USD Billion)
  • Chapter 6. Global Reprocessed Medical Devices Market – End-use Analysis
    • 6.1. Global reprocessed medical devices market: End-use overview
      • 6.1.1. Global reprocessed medical devices market revenue share, by end-use, 2015 - 2021
    • 6.2. Hospitals
      • 6.2.1. Global reprocessed medical devices market for hospitals, 2015 - 2021 (USD Billion)
    • 6.3. Home Healthcare
      • 6.3.1. Global reprocessed medical devices market for home healthcare, 2015 - 2021 (USD Billion)
  • Chapter 7. Global Reprocessed Medical Devices Market – Regional Segment Analysis
    • 7.1. Global reprocessed medical devices market: Regional overview
      • 7.1.1. Global reprocessed medical devices market revenue share, by region, 2015 - 2021
    • 7.2. North America
      • 7.2.1. North America reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.2.2. North America reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
        • 7.2.3.2. U.S. reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe reprocessed medical devices market revenue, by type 2015 - 2021 (USD Billion)
      • 7.3.2. Europe reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
      • 7.3.3. Germany
        • 7.3.3.1. Germany reprocessed medical devices market revenue, by type, 2015 - 2021, (USD Billion)
        • 7.3.3.2. Germany reprocessed medical devices market revenue, by end-use, 2015 - 2021, (USD Billion)
      • 7.3.4. France
        • 7.3.4.1. France reprocessed medical devices market revenue, by type, 2015 - 2021, (USD Billion)
        • 7.3.4.2. France reprocessed medical devices market revenue, by end-use, 2015 - 2021, (USD Billion)
      • 7.3.5. UK
        • 7.3.5.1. UK reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
        • 7.3.5.2. UK reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific reprocessed medical devices market revenue, by type, 2015 - 2021, (USD Billion)
      • 7.4.2. Asia Pacific reprocessed medical devices market revenue, by end-use, 2015 - 2021, (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
        • 7.4.3.2. China reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
        • 7.4.4.2. Japan reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
        • 7.4.5.2. India reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.5.2. Latin America reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
        • 7.5.3.2. Brazil reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa reprocessed medical devices market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.6.2. Middle East and Africa reprocessed medical devices market revenue, by end-use, 2015 - 2021 (USD Billion)
  • Chapter 8. Company Profile
    • 8.1. Medline ReNewal
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. MidWest Reprocessing Center (MRC)
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. ReNu Medical, Inc.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Hygia Health Services, Inc
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. SterilMed, Inc.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Stryker Sustainability Solutions, Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Agito Medical A/S
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. VANGUARD AG
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Block Imaging International, Inc.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
    • 8.10. Siemens Healthcare
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Reprocessed Medical Devices market. Zion Research has collected and analyzed key data belong to the global Reprocessed Medical Devices market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Reprocessed Medical Devices across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Reprocessed Medical Devices industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Reprocessed Medical Devices market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Reprocessed medical devices are devices that can be reprocessed and reused on multiple patients. Reprocessing of the medical devices is the process of disinfection, cleaning, remanufacturing, testing, packaging & labeling, and sterilization of medical equipment.The reprocessing of medical devices has taken the health care sector by storm in recent years.

Global reprocessed medical devices market is expected to exhibit strong growth in the near future on account of increasing significance and need for medical waste disposal. Moreover, a presence of favorable government regulations is expected to boost the market growth in the near future.Increasing investment of industry players in the form of manufacturing facility set up in Asia Pacific is further expected to present with a higher degree of growth in the years to come. However, reluctance in adopting reprocessed medical devices may pose a threat to the market growth in the years to come. Nonetheless, reduced product pricing of reprocessed devices is anticipated to open up new growth opportunities in the near future.

Global Reprocessed Medical Devices Market

The reprocessed medical device market is segmented on the basis of different types such as cardiovascular medical devices, laparoscopic medical devices, orthopedic/ arthroscopic medical devices, gastroenterology medical devices and general surgery medical devices. The cardiovascular was the largest segment and it held more than 55% share of the overall market due to its increasing incorporation in cardiac surgeries, such as diagnostics electrophysiology catheters, and blood pressure cuffs, in a wide range of diagnostic, blood pressure monitoring, and surgical applications in 2015. Laparoscopy was another leading segment on account of the increasing demand for minimally invasive techniques.

On the basis of end-use, reprocessed medical devices market can be segmented into the hospital and home healthcare.The hospital was the leading segment reprocessed medical devices market in 2015 and is expected to continue its dominance in the coming years. This growth is mainly attributed to increasing outsourcing activities for reprocessing to third-party vendors. For instance, according to the study published in PubMed, in the year 2007, the National Institutes of Health, more than 42% of hospitals in the U.S. outsourced reprocessing to third-party reprocessing organizations. Home healthcare is expected to experienced significant growth within the forecast period.

North America dominated the reprocessed medical devices market and accounted for the significant share of the global market in 2015. This growth is mainly due to the high rate of adoption and regulatory policies and government incentives. In terms of revenue, Europe was the second largest market for reprocessed medical devices and is expected to experience substantial growth in the near future. The reprocessed medical devices market in Asia Pacific region is expected to exhibit strong growth owing to rising government support and presence of untapped opportunities in emerging economies. Latin America and the Middle East & Africa are also expected to experience significant growth of reprocessed medical devices market during the forecast period.

Some of the key players in the reprocessed medical devices market such as Stryker Sustainability, SterilMed, Inc., ReNu Medical, Inc., MidWest Reprocessing Center, Vanguard AG, SureTek Medical, Medline ReNewal, Hygia Health Services, Inc., and Centurion Medical Products Corp.

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