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Single-Use Medical Device Reprocessing Market Growing at Steady CAGR to 2026

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Single-use medical device reprocessing is the concept of sterilizing, repackaging, testing, and manufacturing a used product. There is no clear definition for the term single-use device and it is entirely based upon the end user perception. Reproces
Single-Use Medical Device Reprocessing Market
Opportunities Rise For Stakeholders By 2026
Single-Use Medical Device Reprocessing Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
Single-use medical device reprocessing is the concept of sterilizing, repackaging, testing, and
manufacturing a used product. There is no clear definition for the term single-use device and it is
entirely based upon the end user perception. Reprocessing of single-use device is acceptable, if the
device is properly sterilized while keeping its physical and technological functionalities intact. Singleuse medical device reprocessing is done in two ways: third party processing and in-hospital processing.
Third party processing is considered to be a better option, as regulatory authorities are able to impose
strict regulations for validation and quality assurance purpose.
Single-use medical device reprocessing is gaining popularity as it helps to reduce hospital waste and
allows for major cost savings. For instance, Kaiser Permanente, which is an integrated delivery
network based in U.S., saved US$ 11 million on an annual basis by reprocessing of single-use devices.
Reprocessing enables the hospitals to purchase the same device at a lower price in comparison to the
cost of original equipment, which eventually leads to cost savings. Practice Green Health, an NGO
providing environmental solutions to the healthcare sector, quoted that single-use medical device
reprocessing prevented the entry of 10,000 tons of medical waste during 1997–2007, by processing an
estimated 50 million devices. Single-use medical device reprocessing market is poised to grow
significantly, as hospitals realize potential cost savings and its ability to reduce environmental hazards.
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Cost constraints for Hospitals and positive environmental impact will drive growth of the singleuse medical device reprocessing market
Hospitals across the globe are facing cost pressures due to rise in price of original medical equipment.
In the U.S., Obamacare and its associated guidelines might get repealed with the change in
government. This could lead to low third-party reimbursement for hospitals, in turn influencing them to
adopt cost saving initiatives such as single-use medical device reprocessing. The biggest advantage is
that hospitals can reduce the cost associated with medical device to 50%, which becomes a crucial
factor when dealing with expensive devices such as catheter and cardiac ablation devices. At present,
250 medical devices are already being processed with 10% of medical devices eligible for single-use
medical device reprocessing. In terms of environmental protection, hospitals are able to reduce the
medical waste to an estimated 50% by the use of single-use medical device reprocessing. Medical
waste treatment not only puts enormous cost pressure on hospitals, but in countries such as U.S., China
and Japan, it has become a full-fledged industry.
Single-use medical device reprocessing market is in nascent stage with few players dominating
the market
The key players in the single-use medical device reprocessing market are Stryker Corporation, Medline
ReNewal, Centurion Medical Products Corporation, Midwest Reprocessing Center, SterilMed Inc.,
Vanguard AG and Hygia Health Services Inc, among others.
North America is estimated to be the growth pocket for single-use medical device reprocessing
market
U.S. has the biggest healthcare system in the world with government spending an estimated 30% of
annual budget on healthcare. U.S. is also home to large-sized hospitals such as Cleveland Clinic,
Mount Sinai Hospital, Beth Israel Deaconess Medical Centre and Johns Hopkins Hospital. These
hospitals are subject to meeting sustainability goals and contain costs at the back of recession.
In regions such as Asia Pacific, Europe and South America, there is a lack of regulatory standards is a
restraining factor for the growth of single-use medical device reprocessing market. European Union has
not mandated guidelines regarding the reprocessing. Individual countries such as Spain, England and
France are not in favor of reprocessing. With respect to Asia Pacific, the reuse of single-use medical
devices is prevalent with no set of regulations. In countries such as India, Japan and South Korea, there
are no government regulations pertaining to single-use medical device reprocessing. Click To Read
More On Single-Use Medical Device Reprocessing Market.
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