Categories
Pharmaceutical

Medical Device Reprocessing Market Demand for reprocessing support and services to surge at a CAGR of 15% across the assessment period of 2022 to 2031

According to a latest report by Fact.MR, a market research and competitive intelligence provider, on medical device reprocessing, the global market is anticipated to top US$ 3 Bn by 2031, surging at a CAGR of 16% over the coming ten years.

Adoption of low-priced reprocessed medical devices is increasing at a rapid pace as compared to brand new devices. Also, elevated efforts for reducing regulated medical waste (RMW) are supporting growth of the market for medical device reprocessing. Furthermore, rising number of surgical procedures associated with growing prevalence of chronic diseases is expected to further nudge market growth in future.

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Medical device reprocessing practices are regulated by various regional regulatory authorities. Changing regulatory scenario favouring medical device reprocessing in several countries such as France and Japan will open up new areas of opportunity for market players.

Key Takeaways from Market Study

  • Market for medical device reprocessing to grow 2.2X in value by 2031.
  • Demand for medical device reprocessing support and services to surge at a CAGR of 15% across the forecast period.
  • North America holds 42% revenue share in the global market.
  • Patient preference towards low-cost reprocessed medical devices is the main factor driving this market.
  • Market for medical device reprocessing in China to expand at a CAGR of 15.2% across the assessment period.
  • Demand for cardiovascular reprocessed devices to remain high over next 10 years.
  • Stryker Corporation and Johnson & Johnson are the top two companies providing medical device reprocessing services.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=6721

Key Segments Covered in Medical Device Reprocessing Industry Research

By Product & Service

  • Reprocessing Support & Services
  • Reprocessing Medical Devices

By Device

  • Catheters
  • Laparoscopy Instruments
  • Biopsy Instruments
  • Endoscopy Instruments
  • Cables, Columns, Curves and Cutters

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Winning Strategy of Key Market Players

Top companies operating in the industry are focussed on increasing the safety standards of reprocessed medical devices by adding steps such as sterilization and microbial load testing of the devices.  Key companies are investing in research & development activities to further enhance product quality. Many players are also focussing on developing new techniques of remanufacturing and repackaging medical devices.

Growing efforts for reducing regulated medical waste as well as changing regulatory scenario favouring medical device reprocessing in several countries will further create growth opportunities for market players over the coming years.

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United States
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Categories
Pharmaceutical

North America Holds 42% Share of the Global Medical Device Reprocessing Market – Fact.MR Study

250 Pages Medical Device Reprocessing Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Medical Device Reprocessing to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Medical Device Reprocessing market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=6721

Digital Transformation in Healthcare Presenting Opportunities for Medical Device Reprocessing Market Growth

Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Medical Device Reprocessing market.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Medical Device Reprocessing market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Medical Device Reprocessing

medical device reprocessing marketby FactMR

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The report offers actionable and valuable market insights of Medical Device Reprocessing. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Medical Device Reprocessing Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Medical Device Reprocessing, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Medical Device Reprocessing Market.

Key Segments Covered in Medical Device Reprocessing Industry Research

  • By Product & Service
    • Reprocessing Support & Services
    • Reprocessing Medical Devices
  • By Device
    • Catheters
    • Laparoscopy Instruments
    • Biopsy Instruments
    • Endoscopy Instruments
    • Cables, Columns, Curves and Cutters
  • By Application
    • Medical Device Reprocessing for Cardiology
    • Medical Device Reprocessing for Gastroenterology, Urology, and Gynaecology
    • Medical Device Reprocessing for Arthroscopy and Orthopaedic Surgery
    • Medical Device Reprocessing for General Surgery and Anaesthesia

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/6721

Medical Device Reprocessing Market- Scope of Report

A recent study by Fact.MR on the medical device reprocessing market offers a 10-year forecast for 2021 to 2031. The study analyses crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering medical device reprocessing.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies providing medical device reprocessing, along with their product portfolios, key strategies, and SWOT Analysis, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including revenue growth, and revenue generation across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the revenue of medical device reprocessing market during the forecast period.

Market Size Evaluation

The market has been analysed for each market segment in terms of volume (`000units), and value (US$ Mn).

Market estimates at global and regional levels for medical device reprocessing are available in terms of “US$ Mn” for value and in ‘’’000 units for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the revenue perspective in the global medical device reprocessing market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on revenue for medical device reprocessing have been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for key countries has also been included in the report.

Competition Analysis

The report sheds light on leading providers of medical device reprocessing, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering medical device reprocessing have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take pre-emptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the medical device reprocessing market.

Key Takeaways from Market Study

  • Market for medical device reprocessing to grow 2.2X in value by 2031.
  • Demand for medical device reprocessing support and services to surge at a CAGR of 15% across the forecast period.
  • North America holds 42% revenue share in the global market.
  • Patient preference towards low-cost reprocessed medical devices is the main factor driving this market.
  • Market for medical device reprocessing in China to expand at a CAGR of 15.2% across the assessment period.
  • Demand for cardiovascular reprocessed devices to remain high over next 10 years.
  • Stryker Corporation and Johnson & Johnson are the top two companies providing medical device reprocessing services.

“Rising efforts towards reducing regulated medical waste to propel demand for medical device reprocessing over coming years,” says a Fact.MR analyst.

Read More Trending Reports of Fact.MR-

https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/

Report Benefits & Key Questions Answered

  • Medical Device Reprocessing Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Medical Device Reprocessing Historical volume analysis: The report provides a comparison of Medical Device Reprocessing’s historical sales and projected sales performance for 2021-2031.
  • Medical Device Reprocessing Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Medical Device Reprocessing market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Medical Device Reprocessing Consumption by demographics: The report investigates consumer behavior affecting Medical Device Reprocessing demand outlook for the assessment period. Effect of their keenness for digital trends on Medical Device Reprocessing market is carefully analyzed
  • Post COVID consumer spending on Medical Device Reprocessing: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Medical Device Reprocessing market growth.

More Valuable Insights on Medical Device Reprocessing Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Medical Device Reprocessing, Sales and Demand of Medical Device Reprocessing, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Explore Fact.MR’s Comprehensive Coverage on Healthcare Domain:

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

 

 

Categories
Pharmaceutical

Why are Biopsy Instruments Reprocessing Extensively used in Cardiovascular Surgeries: Latest Fact.MR’s Study

According to a latest report by Fact.MR, a market research and competitive intelligence provider, on medical device reprocessing, the global market is anticipated to top US$ 3 Bn by 2031, surging at a CAGR of 16% over the coming ten years.

Adoption of low-priced reprocessed medical devices is increasing at a rapid pace as compared to brand new devices. Also, elevated efforts for reducing regulated medical waste (RMW) are supporting growth of the market for medical device reprocessing. Furthermore, rising number of surgical procedures associated with growing prevalence of chronic diseases is expected to further nudge market growth in future.

To remain ‘ahead’ of your competitors, request a sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=6721

Medical device reprocessing practices are regulated by various regional regulatory authorities. Changing regulatory scenario favouring medical device reprocessing in several countries such as France and Japan will open up new areas of opportunity for market players.

“Rising efforts towards reducing regulated medical waste to propel demand for medical device reprocessing over coming years,” says a Fact.MR analyst.

medical device reprocessing marketby FactMR

Key Segments Covered in Medical Device Reprocessing Industry Research

  • By Product & Service

    • Reprocessing Support & Services
    • Reprocessing Medical Devices
  • By Device

    • Catheters
    • Laparoscopy Instruments
    • Biopsy Instruments
    • Endoscopy Instruments
    • Cables, Columns, Curves and Cutters
  • By Application

    • Medical Device Reprocessing for Cardiology
    • Medical Device Reprocessing for Gastroenterology, Urology, and Gynaecology
    • Medical Device Reprocessing for Arthroscopy and Orthopaedic Surgery
    • Medical Device Reprocessing for General Surgery and Anaesthesia

For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=6721

Key Takeaways from Market Study

  • Market for medical device reprocessing to grow 2.2X in value by 2031.
  • Demand for medical device reprocessing support and services to surge at a CAGR of 15% across the forecast period.
  • North America holds 42% revenue share in the global market.
  • Patient preference towards low-cost reprocessed medical devices is the main factor driving this market.
  • Market for medical device reprocessing in China to expand at a CAGR of 15.2% across the assessment period.
  • Demand for cardiovascular reprocessed devices to remain high over next 10 years.
  • Stryker Corporation and Johnson & Johnson are the top two companies providing medical device reprocessing services.

Get Customization on this Research Report for specific research solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=6721

Winning Strategy of Key Market Players

Top companies operating in the industry are focussed on increasing the safety standards of reprocessed medical devices by adding steps such as sterilization and microbial load testing of the devices.  Key companies are investing in research & development activities to further enhance product quality. Many players are also focussing on developing new techniques of remanufacturing and repackaging medical devices.

  • Stryker Corporation
  • Johnson & Johnson
  • Vanguard AG
  • Medline ReNewal
  • Medtronic plc
  • SteriPro
  • Pioneer Medical Devices AG
  • Vascular Solutions
  • HYGIA Health Services
  • ReNu Medical
  • SureTek Medical
  • Centurion Medical Products Corporation.

For More Insights
https://www.biospace.com/article/incorporation-of-natural-ingredients-to-propel-sales-of-anti-ageing-and-anti-wrinkle-products-fact-mr-concludes-in-latest-market-analysis/

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the medical device reprocessing market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of product & service (reprocessing support & services and reprocessing medical devices) device (catheters, laparoscopy instruments, biopsy instruments, endoscopy instruments, cables, and columns, curves & cutters), and application (cardiology, gastroenterology, urology , gynaecology, arthroscopy, orthopaedic surgery, general surgery, and anaesthesia), across major regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa).

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in the US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com