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Reprocessed Medical Devices Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

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Reprocessed or refurbished medical devices are devices that have been previously used and by performing certain validated processes such as disinfection and sterilization, are readied for use again. Reprocessing involves three steps that are point o
REPROCESSED MEDICAL DEVICES
MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Reprocessed Medical Devices Market Overview
Reprocessed or refurbished medical devices are devices that have been previously used and by
performing certain validated processes such as disinfection and sterilization, are readied for use
again. Reprocessing involves three steps that are point of use processing, thorough cleaning,
and disinfection or sterilization. After performing these tasks the device is tested, if necessary
remanufacturing is also performed and then packaging and labelling is carried out. These
devices usually cost a fraction of the original new device and thus, are widely preferred in costsensitive regions such as India and China.
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As per the stats of Association of Medical Device Reprocessors (AMDR), around 2 million tons of
waste generated by U.S. hospitals each year and millions of waste include functional medical
devices which are used only single time and the medical waste is the major source causes to
production of carcinogens, therefore the increasing medical waste is harmful for the
environment also.
The rising healthcare cost and the low cost of reprocessed devices are major factors observed
behind the market growth, as hospitals try to reduce the expenditure without compromising on
quality and performance of medical devices
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REPORT DESCRIPTION
• Reprocessed medical devices market taxonomy:
• Global Market, by Product Type
• Non-invasive Devices
• Orthopedic Devices
• Diagnostic Imaging Devices
• Surgical Devices
• Cardiac Equipment
• Opened but Unused Devices
• Global Market, by Geography
• North America
• Europe
• APAC
• Latin America
• Middle East
• Africa
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REPORT DESCRIPTION
Cost effectiveness, equivalent performance to the original devices, warranty and availability of
sources driving growth of reprocessed medical devices market
As per stats of the United States International Trade Commission (USITC), U.S is the largest
market and it accounted more than 35% of the global market in the year 2011. Original
equipment manufacturers (OEMs) holds major share in sales of reprocessed medical devices
market in the U.S. This is mainly attributed to their robust sales and distribution network.
However, some foreign countries account for a significant percentage of their sales. For
example, the market in countries such as Italy, India, Brazil, South Korea, Japan, Spain, and
Portugal account for 45 percent of GE Healthcare’s sales of reprocessed medical devices. Also,
for the U.S., Europe is the major supplier region for reprocessed devices, followed by Canada
and Mexico.
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Also, the USITC stats indicate that the production of reprocessed devices increased by 12%
during 2009-2011. This is mainly attributed to production capacity expansion by a large
number of medical device remanufacturers during this period. The 2008-2009 recession was
the supportive factor behind this growth, as during this period various patients lost their
medical insurance and it affected the reimbursement of devices, which in turn led to uptake of
cost-effective devices.
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HEALTHCARE IT
MEDICAL DEVICES
MEDICAL IMAGING
PHARMACEUTICAL
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 Healthcare IT Solutions Developers
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