Single-Use Medical Device Reprocessing Market
Global Single-Use Medical Device Reprocessing Market Size, Share & Trends Analysis Report by Device Type (Laparoscopy Instrument, Catheters, Biopsy Instruments, Endoscopy Instruments, and Accessories), By Application (Cardiology, Orthopedics, General Surgery &Anesthesia, Neurology Urology, Others) and Forecast 2020-2026
The global market for single-use medical device reprocessing is estimated to have a significant CAGR during the forecast period. The market is mainly driven due to increasing use of reprocessed single use medical devices owing to the cost-effectiveness of the devices. Moreover, favourable government guidelines for reprocessing and maintenance of medical devices further peoples the market growth. Electrophysiological procedure utilized high cost multipolar electrode catheters that can be reprocessed, and reuse has been performed through electrophysiology services in the US, Europe and Latin America. The US drugs and medical device market is governed by the US FDA. In February 2017, The American Society of Cardiac Arrhythmias issued an opinion to the reprocessing of electrophysiology devices to the FDA as did the Government Accountability Office as a federal entity of the US. Therefore, these strict regulations further encourage the demand of medical devices reprocessing thus propels the market growth.
Segmental Outlook
The global single-use medical device reprocessing market is segmented based on modality and application. Based on the modality, the market is further classified into laparoscopy instrument, catheters, biopsy instruments, endoscopy instruments and accessories. The catheter segment is projected to have considerable share owing to the high demand of catheters in heart surgeries coupled with growing CVDs across the globe. Based on the application, the global single-use medical device reprocessing market is further segmented into oncology, orthopedics, cardiovascular, neurology, urology, others.
Global single-use medical device reprocessing Market Share by Application, 2019(%)
Global single-use medical device reprocessing Market to be driven by cardiology Application
The oncology segment held a considerable share in the market owing to the growing application of reprocessed cardiac catheters, electrophysiology devices coupled with cardiac surgeries across the globe. The Catheter is utilized to deliver low voltage and high-frequency current which destroy the heart tissue that is responsible for the arrhythmia. The patients who have done with the treatment of catheter ablation has experience of long-term reduction in the number of arrhythmias and return to normal heart rhythm. The technology Carto 3 has provided three-dimensional views of the patient’s heart that enables the electrophysiologist to identify the origin of abnormal rhythm accurately and provide radiofrequency catheter ablation with large rate. The different benefit of cardiac ablation therapy includes better quality of care, cost-effective and better quality of life. Thus, early treatment and diagnosis for catheters ablation are fueling the growth of the market.
Regional Outlook
Geographically, the global single-use medical device reprocessing market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The market growth in the region is increasing owing to the high prevalence of different types of chronic diseases such as CVD coupled with growing number of surgeries in emerging economies. The major countries which will have a significant market share during the forecast period are India, China, and Japan. Apart from these nations, South Korea and Singapore are some of the other major economies where considerable growth would be observed.
Global Single-Use Medical Device Reprocessing Market Growth, by Region 2020-2026
North America to hold a considerable share in the global single-use medical device reprocessing market
Geographically, North America is projected to hold a significant market share in the global single-use medical device reprocessing market. Major economies which are anticipated to contribute to the North America market are the US and Canada. The growth of the market is attributed to increasing cases of heart failure and arrhythmia and well-established healthcare facilities. Further, technical advancements resulted in high adoption of the electrophysiology device and increasing catheter ablation centers and hence increasing procedures, are fueling the market growth in North America. According to WHO, the incidence & prevalence rate of a heart attack are the highest in North America which is responsible for 0.7 million fatalities each year. Growing CVD, CHD, stroke and other heart diseases and adoption of hybrid operating rooms are further factors driving the growth of the market in North America.
Market Players Outlook
The key players in the single-use medical device reprocessing market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Johnson & Johnson Services Inc., Medline Industries, Inc., ReNu Medical, Inc., Stryker Corp., SteriPro Canada Inc., Innovative Health, Lucideon Ltd., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global single-use medical device reprocessing market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Single-Use Medical Device Reprocessing Market by Device Type
5.1.1. Laparoscopy Instrument
5.1.2. Catheters
5.1.3. Biopsy Instruments
5.1.4. Endoscopy Instruments
5.1.5. Accessories
5.2. Global Single-Use Medical Device Reprocessing Market by Application
5.2.1. Cardiology
5.2.2. Orthopedics
5.2.3. General Surgery and Anesthesia
5.2.4. Neurology
5.2.5. Urology
5.2.6. Others (Gastroenterology)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 3M Co.
7.2. Accuratus Lab Services
7.3. Case Medical, Inc.
7.4. Johnson & Johnson Services Inc.( Sterilmed, Inc.)
7.5. Innovative Health
7.6. Lucideon Ltd.
7.7. Medtronic PLC
7.8. Medline Industries, Inc.
7.9. Medsalv Ltd.
7.10. NEScientific, Inc.
7.11. ReNu Medical, Inc.
7.12. Stryker Corp.
7.13. SteriPro Canada Inc.
7.14. STERIS plc
7.15. Saraya.Co.Ltd
7.16. Teleflex Inc.
7.17. Vanguard AG
1. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE, 2019-2026 ($ MILLION)
2. GLOBAL LAPAROSCOPY INSTRUMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL CATHETERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL BIOPSY INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL ENDOSCOPY INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL ACCESSORIES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
8. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING IN CARDIOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING IN ORTHOPEDICS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING IN GENERAL SURGERY & ANESTHESIA MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING IN NEUROLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING IN UROLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING IN OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
15. NORTH AMERICAN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE, 2019-2026 ($ MILLION)
17. NORTH AMERICAN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
18. EUROPEAN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. EUROPEAN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE, 2019-2026 ($ MILLION)
20. EUROPEAN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
21. ASIA-PACIFIC SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
24. REST OF THE WORLD SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY DEVICE TYPE, 2019-2026 ($ MILLION)
25. REST OF THE WORLD SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SHARE BY DEVICE TYPE, 2019 VS 2026 (%)
2. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. GLOBAL SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
6. UK SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD SINGLE-USE MEDICAL DEVICE REPROCESSING MARKET SIZE, 2019-2026 ($ MILLION)
