Global Reprocessed Medical Devices Market Size study & Forecast, by Product, by Type, by End Use and Regional Analysis, 2023-2030

Description

List of Tables

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
Stryker
Innovative Health LLC
NEScientific, Inc.
Medline Industries, LP
Arjo

Recent Developments in the Market:

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:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Type, End Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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:

Cardiovascular
Laparoscopic
Gastroenterology
General Surgery Devices
Orthopedic Devices

By Type:

Third-party Reprocessing
In-house Reprocessing

By End Use:

Hospitals
Home Healthcare
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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
  - 3.1.1.1. Growing concern regarding the rising amounts of medical waste
  - 3.1.1.2. Increasing need for affordable & effective medical devices
- 3.1.2. Market Challenges
  - 3.1.2.1. Inconsistent Reimbursement Policies
- 3.1.3. Market Opportunities
  - 3.1.3.1. Government initiatives of waste medical waste management
  - 3.1.3.2. 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
  - 8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. 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
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. 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

LIST OF TABLES

TABLE 1. Global Reprocessed Medical Devices Market , report scope
TABLE 2. Global Reprocessed Medical Devices Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Reprocessed Medical Devices Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Reprocessed Medical Devices Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 5. Global Reprocessed Medical Devices Market estimates & forecasts by End Use 2020-2030 (USD Billion)
TABLE 6. Global Reprocessed Medical Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Reprocessed Medical Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Reprocessed Medical Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Reprocessed Medical Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Reprocessed Medical Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Reprocessed Medical Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Reprocessed Medical Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Reprocessed Medical Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Reprocessed Medical Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Reprocessed Medical Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Reprocessed Medical Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Reprocessed Medical Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Reprocessed Medical Devices Market
TABLE 71. List of primary sources, used in the study of global Reprocessed Medical Devices Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Reprocessed Medical Devices Market , research methodology
FIG 2. Global Reprocessed Medical Devices Market , Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Reprocessed Medical Devices Market , key trends 2022
FIG 5. Global Reprocessed Medical Devices Market , growth prospects 2023-2030
FIG 6. Global Reprocessed Medical Devices Market , porters 5 force model
FIG 7. Global Reprocessed Medical Devices Market , pest analysis
FIG 8. Global Reprocessed Medical Devices Market , value chain analysis
FIG 9. Global Reprocessed Medical Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Reprocessed Medical Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Reprocessed Medical Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Reprocessed Medical Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Reprocessed Medical Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Reprocessed Medical Devices Market , regional snapshot 2020 & 2030
FIG 15. North America Reprocessed Medical Devices Market 2020 & 2030 (USD Billion)
FIG 16. Europe Reprocessed Medical Devices Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Reprocessed Medical Devices Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Reprocessed Medical Devices Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Reprocessed Medical Devices Market 2020 & 2030 (USD Billion)