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Global Reprocessed Medical Devices Market to reach USD 8.0 billion by the end of 2030.

Global Reprocessed Medical Devices Market Size study & Forecast, by Product (Cardiovascular, Laparoscopic, Gastroenterology, General Surgery Devices, Orthopedic Devices), by Type (Third-party Reprocessing, In-house Reprocessing), by End Use (Hospitals, Home Healthcare, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-97903937
Publish Date: 13-07-2023
Page: 200

Global Reprocessed Medical Devices Market is valued at approximately USD 2.3 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.8% over the forecast period 2023-2030. The Reprocessed Medical Devices Market refers to the market segment that involves the cleaning, disinfection, testing, refurbishment, and redistribution of previously used medical devices, with the aim of reducing costs, minimizing waste, and maintaining quality standards. This practice can help to reduce healthcare costs, minimize waste, and promote sustainability in the healthcare industry. The Reprocessed Medical Devices Market is being driven by factors such as growing concern regarding the rising amounts of medical waste and the increasing need for affordable & effective medical devices.

Reprocessed medical devices are help to reduce cost of medical device and also to reduce medica waste. According to the Association of Medical Device Reprocessors (AMDR), these reprocessed devices are typically 30-50% cheaper than new ones. Along with that reprocess medical device also help to save medical device cost for hospitals and individuals. In 2020, U.S. hospitals were able to save USD 372 million through medical device reprocessing, as reprocessed devices cost 25-40% less and contribute to the reduction of medical waste, according to the Association of Medical Device Reprocessors (AMDR). Additionally, in 2021, the use of reprocessed medical devices helped divert 20.3 million pounds of medical waste, as reported by AMDR. Thus, the lower price of reprocessed medical devices and growing concern about medical waste management fueling the growth of the market. In addition, government initiatives of medical waste management and technological advancement in medical waste management. However, the inconsistent reimbursement policies hinder market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Reprocessed Medical Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the government initiatives of medical waste management and favorable reimbursement policies in the region. North America is also considered the fastest growing region during the forecast period due to awareness and acceptance of reprocessed medical devices in the region.

Major market player included in this report are:
Vanguard AG
Cardinal Health
SureTek Medical
Soma Tech Intl
Johnson & Johnson MedTech
Innovative Health LLC
NEScientific, Inc.
Medline Industries, LP

Recent Developments in the Market:
Ø In March 2023, Vanguard AG, a leading provider of remanufactured medical devices, unveiled a strategic partnership with Leeds Teaching Hospitals NHS Trust, one of the UK’s prominent healthcare providers. The primary objective of this collaboration is to drive the adoption of remanufactured medical devices as a means to achieve cost reduction and foster a sustainable healthcare ecosystem. By joining forces, Vanguard AG and Leeds Teaching Hospitals NHS Trust aim to promote the use of remanufactured medical devices, which not only offer cost-saving benefits but also contribute to creating a more environmentally friendly healthcare environment. This partnership demonstrates a shared commitment to enhancing healthcare affordability, sustainability, and quality through the utilization of remanufactured medical devices.

Global Reprocessed Medical Devices Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Type, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
General Surgery Devices
Orthopedic Devices

By Type:
Third-party Reprocessing
In-house Reprocessing

By End Use:
Home Healthcare

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Reprocessed Medical Devices Market , by Region, 2020-2030 (USD Billion)
1.2.2. Reprocessed Medical Devices Market , by Product, 2020-2030 (USD Billion)
1.2.3. Reprocessed Medical Devices Market , by Type, 2020-2030 (USD Billion)
1.2.4. Reprocessed Medical Devices Market , by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Reprocessed Medical Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Reprocessed Medical Devices Market Dynamics
3.1. Reprocessed Medical Devices Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing concern regarding the rising amounts of medical waste Increasing need for affordable & effective medical devices
3.1.2. Market Challenges Inconsistent Reimbursement Policies
3.1.3. Market Opportunities Government initiatives of waste medical waste management Technology advancement in medical waste management
Chapter 4. Global Reprocessed Medical Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Reprocessed Medical Devices Market, by Product
5.1. Market Snapshot
5.2. Global Reprocessed Medical Devices Market by Product, Performance – Potential Analysis
5.3. Global Reprocessed Medical Devices Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Reprocessed Medical Devices Market , Sub Segment Analysis
5.4.1. Cardiovascular
5.4.2. Laparoscopic
5.4.3. Gastroenterology
5.4.4. General Surgery Devices
5.4.5. Orthopedic Devices
Chapter 6. Global Reprocessed Medical Devices Market, by Type
6.1. Market Snapshot
6.2. Global Reprocessed Medical Devices Market by Type, Performance – Potential Analysis
6.3. Global Reprocessed Medical Devices Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Reprocessed Medical Devices Market , Sub Segment Analysis
6.4.1. Third-party Reprocessing
6.4.2. In-house Reprocessing
Chapter 7. Global Reprocessed Medical Devices Market, by End Use
7.1. Market Snapshot
7.2. Global Reprocessed Medical Devices Market by End Use, Performance – Potential Analysis
7.3. Global Reprocessed Medical Devices Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Reprocessed Medical Devices Market , Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Home Healthcare
7.4.3. Others
Chapter 8. Global Reprocessed Medical Devices Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Reprocessed Medical Devices Market , Regional Market Snapshot
8.4. North America Reprocessed Medical Devices Market
8.4.1. U.S. Reprocessed Medical Devices Market Product breakdown estimates & forecasts, 2020-2030 Type breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Reprocessed Medical Devices Market
8.5. Europe Reprocessed Medical Devices Market Snapshot
8.5.1. U.K. Reprocessed Medical Devices Market
8.5.2. Germany Reprocessed Medical Devices Market
8.5.3. France Reprocessed Medical Devices Market
8.5.4. Spain Reprocessed Medical Devices Market
8.5.5. Italy Reprocessed Medical Devices Market
8.5.6. Rest of Europe Reprocessed Medical Devices Market
8.6. Asia-Pacific Reprocessed Medical Devices Market Snapshot
8.6.1. China Reprocessed Medical Devices Market
8.6.2. India Reprocessed Medical Devices Market
8.6.3. Japan Reprocessed Medical Devices Market
8.6.4. Australia Reprocessed Medical Devices Market
8.6.5. South Korea Reprocessed Medical Devices Market
8.6.6. Rest of Asia Pacific Reprocessed Medical Devices Market
8.7. Latin America Reprocessed Medical Devices Market Snapshot
8.7.1. Brazil Reprocessed Medical Devices Market
8.7.2. Mexico Reprocessed Medical Devices Market
8.8. Middle East & Africa Reprocessed Medical Devices Market
8.8.1. Saudi Arabia Reprocessed Medical Devices Market
8.8.2. South Africa Reprocessed Medical Devices Market
8.8.3. Rest of Middle East & Africa Reprocessed Medical Devices Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Vanguard AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Vanguard AG
9.3.3. Cardinal Health
9.3.4. SureTek Medical
9.3.5. Soma Tech Intl
9.3.6. Johnson & Johnson MedTech
9.3.7. Stryker
9.3.8. Innovative Health LLC
9.3.9. NEScientific, Inc.
9.3.10. Medline Industries, LP
9.3.11. Arjo
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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