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Medical Device Reprocessing Market 2020-2026 Size Research Report | Leading Players – Stryker (US), Johnson & Johnson Services, Inc. (US), VANGUARD AG (Germany), Medline ReNewal (US)

Medical Device Reprocessing Market

To provide the best results, Medical Device Reprocessing Market research report has been produced by using integrated approaches and latest technology. The market report puts forth an absolute overview of the market that contains various aspects of market analysis, market segmentation, key developments, and the existing vendor landscape. As businesses are greatly relying on the different segments included in market research document which offers them with the better insights to drive the business into right direction. All this lead to rise in the company’s growth, by subsidizing the risk and improving performance.

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Market Analysis: Global Medical Device Reprocessing Market

Global Medical Device Reprocessing Market is expected to rise from its initial estimated value of USD 0.93 in 2018 billion to an estimated value of USD 2.75 billion by 2026, registering a CAGR of 14.50% in the forecast period of 2019-2026. This rise in market value can be attributed to the Increasing number of surgical procedures.

Key Market Competitors:

Few of the major competitors currently working in the medical device reprocessing market are Stryker (US), Johnson & Johnson Services, Inc. (US), VANGUARD AG (Germany), Medline ReNewal (US), Medtronic plc (Ireland), SteriPro (Canada), Medline Industries, Inc. (Germany),Medline Industries, Inc..(US), , ReNu Medical (US), SureTek Medical (US), Centurion Medical Products (US), Agito Medical A/S (Europe), Innovative Health.(US), Nescientific Inc.(USA), , Synergy Health plc (US), GENERAL ELECTRIC COMPANY (US),  Siemens Healthcare GmbH(Germany), Soma Technology, Inc.(USA), among others.

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Market Definition: Global Medical Device Reprocessing Market

This market report defines the market trends and forecast the upcoming opportunities and threats of the pharmaceutical packaging equipment market in the next 8 years. Medical device reprocessing is the process of cleaning, remanufacturing and disinfection of the medical devices so that those devices can be reused or to be put in service again. The reprocessed devices are biopsy, catheter, endoscope and pulse oximeter. By using on patients, reusable devices become soiled and contaminated with microorganisms. To avoid risk of infection by a contaminated device, reusable devices (reprocessing), a detailed, multistep process to clean and then disinfect or sterilize them.

Segmentation: Global Medical Device Reprocessing Market

Medical Device Reprocessing Market : By Process

  • Presoak
  • Manual Cleaning
  • Automatic Cleaning
  • Disinfection

Medical Device Reprocessing Market : By Type

  • Enzymatic & Non-enzymatic Detergent

Medical Device Reprocessing Market : By Application

  • Surgical Instruments
  • Endoscope
  • Ultrasound Probe

Medical Device Reprocessing Market : By End-User

  • Hospitals
  • Clinics
  • Diagnostic Centers

Medical Device Reprocessing Market : By Product & services

  • Reprocessing Support and Services
  • Reprocessed Medical Devices

Medical Device Reprocessing Market : By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Key Developments in the Market:

  • In May 2018, Stryker announced the acquisition with Hygia Health Services, Hygia focused on reprocessing devices, this acquisition allow Stryker to better serve customers as a premier provider of sustainability solutions in the global healthcare market.
  • In December 2016, Teleflex Incorporated acquired Vascular Solutions, after this acquisition expected to the growth of Teleflex’s vascular with entry into the coronary and peripheral vascular market, as well as increased cross-portfolio selling opportunities to both Teleflex and Vascular Solutions customer bases.

Medical Device Reprocessing Market Drivers

  • Low prices of reprocessed medical devices, is going to drive the growth of the market
  • Pressure to reduce volume of regulated medical waste is driving the growth of market.

Medical Device Reprocessing Market Restraints

  • Creating risk of surgical site infections due to the use of reprocessed devices, act as a restraints to the market.
  • Changing regulatory scenario for medical devices act as a restraints to the market.

Reasons to Purchase this Report

  • Current and future of medical device reprocessing market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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