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Analysis of Single-Use Medical Device Reprocessing Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Single-Use

The “Single-Use Medical Device Reprocessing Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Single-Use Medical Device Reprocessing Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Single-Use Medical Device Reprocessing market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Single-Use Medical Device Reprocessing Market Are:

  • Medline
  • Nescientific Inc.
  • ReNu medical
  • Sterilmed Inc.
  • SteriPro
  • Stryker
  • Suretek Medical
  • Vanguard AG

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    Market Overview:

  • The single-use medical device reprocessing market was valued at USD 1,858.2 million in 2018 and is expected to register a CAGR of about 15.24% during the forecast period, 2019-2024. Reprocessing of single-use devices (SUDs) helps in saving costs and reducing medical waste. Reuse of single-use devices involves regulatory, ethical, medical, legal, and economic issues and has been extremely controversial for more than two decades. However, due to its cost saving nature and sustainability, single-use reprocessing of medical devices is now gaining recognition as a promising prospect. Along with cost reduction, it also results in environmental sustainability. SUD reprocessing is one of the top healthcare supply chain strategies used to reduce cost and optimize resources.

    Scope of the Report:

  • Single-use device (SUD) reprocessing includes cleaning, disinfection, sterilization, as well as testing and restoration of the technical and functional safety of the used device. Reprocessing of SUDs makes it possible for hospitals to maintain patient care quality while saving substantial amounts of money. The more devices are reprocessed the greater financial benefits. This report analyzes the market trends of patient monitoring equipment, future growth, and the regional market of the same.

    Single-Use Medical Device Reprocessing Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Single-Use Medical Device Reprocessing market?
    • What are the key market trends impacting the growth of the global Single-Use Medical Device Reprocessing market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Single-Use Medical Device Reprocessing market?
    • What are the market opportunities and threats faced by the vendors in the global Single-Use Medical Device Reprocessing market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Single-Use Medical Device Reprocessing market?

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    Key Market Trends:

    Electrophysiological Cardiac Catheters Segment is Poised to Register Robust Growth.

    The utilization of single-use percutaneous catheters is generally done in interventional cardiology, but there has been an increasing number of cardiac interventions and the consequent economic load demand for assessing SUDs’ reuse. When safety and efficiency are assured by SUD reprocessing, substantial saving can be achieved in interventional cardiology, both at the departmental and national level, contributing to optimizing budget allocation for the healthcare system. The American Society of Cardiac Arrhythmias issued a favorable opinion to the reprocessing of electrophysiological devices to the FDA. The FDA classifies Electrophysiological Cardiac Catheters in Class 2 surgical devices and allows its reprocessing in the United States.

    The United States to Dominate the Single-Use Medical Device Reprocessing Market.

    The United States accounted for the largest market, accounting for around 86% of the North American market and is expected to witness a high CAGR of nearly 19% over the forecast period. The United States is followed by European countries, which is the next leading region in terms of revenue. Moreover, the single-use medical device reprocessing market is growing in Asia-Pacific, and the reuse of single-use devices in most of Asia is becoming common, particularly for injection needles. However, for the most part, there are no national regulations governing the reuse of SUDs and, thus, third-party reprocessors do not offer their services in most of the emerging economies of the Asia-Pacific region.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Single-Use Medical Device Reprocessing Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Single-Use Medical Device Reprocessing .

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    Report Objectives:

    • Analyzing the size of the Single-Use Medical Device Reprocessing market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Single-Use Medical Device Reprocessing market.
    • Determining the key dynamics of the Single-Use Medical Device Reprocessing market.
    • Highlighting significant trends of the Single-Use Medical Device Reprocessing market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Single-Use Medical Device Reprocessing market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Single-Use Medical Device Reprocessing market.

    Detailed TOC of Single-Use Medical Device Reprocessing Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Cost Savings Through Reprocessing Single-use Devices
    4.2.2 Regulatory Pressure to Reduce Volume of Medical Waste
    4.3 Market Restraints
    4.3.1 Potential of Material Alteration and Cross Infection with Reprocessed Device
    4.3.2 Preconceived Notions Regarding the Quality of Reprocessed Single-use Medical Devices (SUDs)
    4.3.3 Lack of Regulations in SUD Reprocessing in Emerging Markets

    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Device Type
    5.1.1 Class I Devices
    5.1.1.1 Sequential Compression Sleeves
    5.1.1.2 Tourniquet Cuffs
    5.1.1.3 Pulse Oximeter Sensors
    5.1.1.4 Other Class I Devices
    5.1.2 Class II Device
    5.1.2.1 Microdebriders
    5.1.2.2 Cautery Electrodes
    5.1.2.3 Laparoscopic Graspers
    5.1.2.4 Scissors
    5.1.2.5 Forceps
    5.1.2.6 Scalpels
    5.1.2.7 Orthopedic Blades
    5.1.2.8 Drill Bits
    5.1.2.9 External Fixation Clamps
    5.1.2.10 Electrophysiological Cardiac Catheters
    5.1.2.11 Other Class II Devices
    5.2 Geography
    5.2.1 North America
    5.2.1.1 US
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 UK
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South America
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Medline
    6.1.2 Nescientific Inc.
    6.1.3 ReNu medical
    6.1.4 Sterilmed Inc.
    6.1.5 SteriPro
    6.1.6 Stryker
    6.1.7 Suretek Medical
    6.1.8 Vanguard AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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