Delvens published a new research publication on "Medical Device Reprocessing Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Medical Device Reprocessing Market was mainly driven by the increasing R&D spending across the world.
The global Medical Device Reprocessing Market size is projected to reach a CAGR of 13.7%from 2023-2030.
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Any gadget designed to be used for medical reasons is referred to as a medical device. The intended usage of medical equipment differs from that of common devices. Medical devices aid in diagnosing, treating, and improving patients' health. The treatment of materials to make them reusable is referred to as reprocessing. Cleaning, disinfecting, sterilizing, reconditioning, mending, and refurbishing medical devices are all considered reprocessing.
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.
Delvens Industry Expert's Standpoint
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.
Companies Profiled:
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., and Renu Medical and More
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Key Findings
• The type segment is further bifurcated into Reprocessing Support & Services and Reprocessed medical devices. The Reprocessing Support & Services segment is anticipated to register the highest CAGR during the forecast period.
• The device category segment is further fragmented into Critical Devices, Semi-Critical Devices and Non-Critical Devices. The Critical Devices segment is anticipated to register the highest CAGR during the forecast period.
• The application segment is further segmented into Cardiology, Gastroenterology, Gynaecology, Arthroscopy & Orthopaedic Surgery, General Surgery and Anaesthesia and Other Applications (Urology, non-invasive surgeries, patient monitoring).
Recent Developments:
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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Reasons to Acquire
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.
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