
Reprocessing and Reuse of Single Use Medical Devices Market, by Product Type (Class I (Tourniquet Cuffs, Pulse Oximeters Sensors, Sequential Compression Sleeves, and Others), and Class II (Endoscope, Diagnostic Ultrasound Catheter, Laparoscope, Trocar, an
Description
Reprocessing and Reuse of Single Use Medical Devices Market, by Product Type (Class I (Tourniquet Cuffs, Pulse Oximeters Sensors, Sequential Compression Sleeves, and Others), and Class II (Endoscope, Diagnostic Ultrasound Catheter, Laparoscope, Trocar, and Others)), by Application (Cardiology, Gastroenterology, Orthopedic, General Surgery, and Others), by End User (Hospitals/Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Various public and private organizations are taking initiatives to reduce medical wastes, which is expected to drive the growth of global reprocessing and reuse of single use medical devices market over the forecast period. For instance, Practice Greenhealth, a non-profit organization, started a new initiative 'Greening the OR' in order to reduce cost, energy use, and waste generated in the hospital operating rooms. This helped the hospitals to save millions of dollars. For instance, in 2017, the U.S. based Cleveland Clinic saved US$ 4 million through this initiative.
Moreover, in 2017, the Japan's Ministry of Health, Labor and Welfare, introduced a scheme to recycle the parts of single-use devices and remanufacture them, in order to reduce the medical waste.
Market Dynamics
Market players are focusing on various inorganic strategies such as mergers and acquisitions, which is expected to augment the growth of global reprocessing and reuse of single use medical devices market over the forecast period. For instance, in September 2018, Vanguard AG completed the acquisition of Saxony-Anhalt plant of Pioneer Medical Devices AG, a medical device reprocessing company in order to continue the business operations of the reprocessing service and strengthen the sales and production operations in Aschersleben, Germany.
Similarly, in August 2019, Innovative Health entered into a partnership with Northeast Scientific, a U.S.-based medical device reprocessing company, to increase the cost savings of customers of both companies.
Key features of the study:
This report provides an in-depth analysis of global reprocessing and reuse of single use medical devices market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global reprocessing and reuse of single use medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Stryker Corporation, Medline Industries, Inc., Suretek Medical, Renu Medical Inc., Johnson & Johnson, Northeast Scientific Inc., Medtronic Plc, Steripro Canada, Vanguard AG, Innovative Health, Verathon Inc., and Hogy Medical Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global reprocessing and reuse of single use medical devices market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global reprocessing and reuse of single use medical devices market
Detailed Segmentation:
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Region:
North America
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
U.S.
Canada
Latin America
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
Asia Pacific
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Stryker Corporation*
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
Medline Industries, Inc.
Suretek Medical
Renu Medical Inc.
Johnson & Johnson
Northeast Scientific Inc.
Medtronic Plc
Steripro Canada
Vanguard AG
Innovative Health
Verathon Inc.
Hogy Medical Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
Various public and private organizations are taking initiatives to reduce medical wastes, which is expected to drive the growth of global reprocessing and reuse of single use medical devices market over the forecast period. For instance, Practice Greenhealth, a non-profit organization, started a new initiative 'Greening the OR' in order to reduce cost, energy use, and waste generated in the hospital operating rooms. This helped the hospitals to save millions of dollars. For instance, in 2017, the U.S. based Cleveland Clinic saved US$ 4 million through this initiative.
Moreover, in 2017, the Japan's Ministry of Health, Labor and Welfare, introduced a scheme to recycle the parts of single-use devices and remanufacture them, in order to reduce the medical waste.
Market Dynamics
Market players are focusing on various inorganic strategies such as mergers and acquisitions, which is expected to augment the growth of global reprocessing and reuse of single use medical devices market over the forecast period. For instance, in September 2018, Vanguard AG completed the acquisition of Saxony-Anhalt plant of Pioneer Medical Devices AG, a medical device reprocessing company in order to continue the business operations of the reprocessing service and strengthen the sales and production operations in Aschersleben, Germany.
Similarly, in August 2019, Innovative Health entered into a partnership with Northeast Scientific, a U.S.-based medical device reprocessing company, to increase the cost savings of customers of both companies.
Key features of the study:
This report provides an in-depth analysis of global reprocessing and reuse of single use medical devices market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global reprocessing and reuse of single use medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Stryker Corporation, Medline Industries, Inc., Suretek Medical, Renu Medical Inc., Johnson & Johnson, Northeast Scientific Inc., Medtronic Plc, Steripro Canada, Vanguard AG, Innovative Health, Verathon Inc., and Hogy Medical Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global reprocessing and reuse of single use medical devices market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global reprocessing and reuse of single use medical devices market
Detailed Segmentation:
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Region:
North America
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
U.S.
Canada
Latin America
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
Asia Pacific
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Stryker Corporation*
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
Medline Industries, Inc.
Suretek Medical
Renu Medical Inc.
Johnson & Johnson
Northeast Scientific Inc.
Medtronic Plc
Steripro Canada
Vanguard AG
Innovative Health
Verathon Inc.
Hogy Medical Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
215 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Industry Trends
- SWOT Analysis
- Recent Product Approvals/Launches
- Mergers and Acquisitions
- Regulatory Scenario
- PEST Analysis
- 4. COVID – 19 Impact Analysis
- COVID-19 Epidemiology
- Impact on Demand and Supply
- COVID-19 Impact on Medical Device Sector
- 5. Global Reprocessing and Reuse of Single Use Medical Devices Market, By Product Type, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Class I
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- Tourniquet Cuffs
- Pulse Oximeters Sensors
- Sequential Compression Sleeves
- Others
- Class II
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- Endoscope
- Diagnostic Ultrasound Catheter
- Laparoscope
- Trocar
- Others
- 6. Global Reprocessing and Reuse of Single Use Medical Devices Market, By Application, 2017 - 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Cardiology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- Gastroenterology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- Orthopedic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- General Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- 7. Global Reprocessing and Reuse of Single Use Medical Devices Market, By End User, 2017 - 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Hospitals/Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
- 8. Global Reprocessing and Reuse of Single Use Medical Devices Market, By Region, 2017 - 2028 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, For Regions, 2017 - 2028
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2017 - 2028 (US$ Mn)
- South Africa
- Central Africa
- North Africa
- 9. Competitive Landscape
- Company Profiles
- Stryker Corporation*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Medline Industries, Inc.
- Suretek Medical
- Renu Medical Inc.
- Johnson & Johnson
- Northeast Scientific Inc.
- Medtronic Plc
- Steripro Canada
- Vanguard AG
- Innovative Health
- Verathon Inc.
- Hogy Medical Co., Ltd.
- *Key pointers provided are also applicable to other companies covered in the scope of the report.
- 10. Section
- Research Methodology
- About Us
- Contact
- *Browse 24 market data tables and 42 figures on "Global Reprocessing and Reuse of Single Use Medical Devices Market” - Forecast to 2028.
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