Single-Use Medical Device Reprocessing Market Report: Trends, Forecast and Competitive Analysis to 2030

Single-Use Medical Device Reprocessing Trends and Forecast

The future of the global single-use medical device reprocessing market looks promising with opportunities in the general surgery, anesthesia, arthroscopy and orthopaedic surgery, cardiology, gastroenterology, gynaecology, and urology markets. The global single-use medical device reprocessing market is expected to reach an estimated $1.9 billion by 2030 with a CAGR of 13.5% from 2024 to 2030. The major drivers for this market are increasing incidence of chronic disorders, rising number of surgical procedures, and growing focus towards sustainability and reducing medical waste across the globe.

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Single-Use Medical Device Reprocessing by Segment

The study includes a forecast for the global single-use medical device reprocessing by device type, application, end use, and region

Single-Use Medical Device Reprocessing Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:

• Class I Devices
• Class II Devices

Single-Use Medical Device Reprocessing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• General Surgery
• Anesthesia
• Arthroscopy and Orthopaedic Surgery
• Cardiology
• Gastroenterology
• Gynaecology
• Urology
• Others

Single-Use Medical Device Reprocessing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Surgical Centers
• Others

Single-Use Medical Device Reprocessing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Single-Use Medical Device Reprocessing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies single-use medical device reprocessing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the single-use medical device reprocessing companies profiled in this report include-

• Johnson & Johnson
• Stryker Corporation
• Suretek Medical
• Medline Industries
• Nescientific
• Steripro
• Innovative Health
• Renu Medical
• Vanguard

Single-Use Medical Device Reprocessing Market Insights

Lucintel forecast that class II devices will remain the larger market over the forecast period due to the growing number of cardiac and other intervention procedures and the consequent economic load demand for assessing single-use device reuse owing to the rising cost of instruments.

Within this market, general surgery will remain the largest segment due to its increasing adoption in procedures, such as endoscopic tools, laparoscopic instruments, and trocars, which are often costly that drive up healthcare expenditures.

North America will remain the largest region over the forecast period due to the rising cost of reusable medical devices and the increasing prevalence of cardiovascular diseases in the region.

Features of the Global Single-Use Medical Device Reprocessing Market

Market Size Estimates: Single-use medical device reprocessing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Single-use medical device reprocessing market size by device type, application, end use, and region in terms of value ($B).

Regional Analysis: Single-use medical device reprocessing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different device types, applications, end uses, and regions for the single-use medical device reprocessing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the single-use medical device reprocessing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the single-use medical device reprocessing market size?

Answer: The global single-use medical device reprocessing market is expected to reach an estimated $1.9 billion by 2030.

Q.2 What is the growth forecast for single-use medical device reprocessing market?

Answer: The global single-use medical device reprocessing market is expected to grow with a CAGR of 13.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the single-use medical device reprocessing market?

Answer: The major drivers for this market are increasing incidence of chronic disorders, rising number of surgical procedures, and growing focus towards sustainability and reducing medical waste across the globe.

Q4. What are the major segments for single-use medical device reprocessing market?

Answer: The future of the single-use medical device reprocessing market looks promising with opportunities in the general surgery, anesthesia, arthroscopy and orthopaedic surgery, cardiology, gastroenterology, gynaecology, and urology markets.

Q5. Who are the key single-use medical device reprocessing market companies?

Answer: Some of the key single-use medical device reprocessing companies are as follows:

• Johnson & Johnson
• Stryker Corporation
• SureTek Medical
• Medline Industries
• NEScientific
• SteriPro
• Innovative Health
• ReNu Medical
• Vanguard

Q6. Which single-use medical device reprocessing market segment will be the largest in future?

Answer: Lucintel forecast that class II devices will remain the larger market over the forecast period due to the growing number of cardiac and other intervention procedures and the consequent economic load demand for assessing single-use device reuse owing to the rising cost of instruments.

Q7. In single-use medical device reprocessing market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to the increasing cost of reusable medical devices and the rising prevalence of cardiovascular diseases in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the single-use medical device reprocessing market by device type (class I devices and class II devices), application (general surgery, anesthesia, arthroscopy and orthopaedic surgery, cardiology, gastroenterology, gynaecology, urology, and others), end use (hospitals, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?