The Global Single Use Medical Device Reprocessing Market was worth XX billion USD in 2016 and is expected to reach XX billion USD by 2021 with a CAGR of XX%.
Medical device can be defined as an instrument, implant or apparatus used to diagnose or treat medical condition. Medical Devices can be reusable or Single use devices (SUD). Some single use devices can be used multiple times with proper reprocessing.
Use of Reprocessed SUDs is popular throughout the world and is particularly used in Emerging Countries. SUD reprocessing is entirely regulated in most Developed nations with clear protocols for reprocessing. However, the circumstance is quite opposite in developing markets where in the controllers have practically no power over the SUD reprocessing.
Savings associated with the use of Reprocessed SUDs, Positive environmental impact, and low barrier to entry are some of the factors driving this market. Protocols regarding quality of reprocessed SUD, little to no regulation of SUD Reprocessing in Emerging countries, and decrease in manufacturer profits are some of the major factors restricting the market.
Single Use Medical Device Reprocessing Market is segmented based on Class I Devices, Class II Devices and region. On the basis of Class I Devices, Market is segmented into Sequential Compression Sleeves, Tourniquet Cuffs, Pulse Oximeter Sensors. Based on Class II Devices, Market is further segmented into Microdebriders, Cautery Electrodes, Laparoscopic Graspers, Scissors, Forceps, Scalpels, Orthopedic blades, Drill Bits, External fixation clamps, Electrophysiological Cardiac Catheters. Based on Geography, Market is further segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America has the largest market because of higher quality of Reprocessed devices and Stringent regulations on Reprocessed SUD. Europe, Asia-Pacific, and Middle East and Africa is projected to achieve significant growth in the reprocessed single use devices market due to cost effectiveness and safety acceptance of reprocessed single use device.
Some of the key players in this market are Hygia, Centurion Medical Products Corporation, Medline Renewal, Midwest Reprocessing Center, NEscientific, ReNu Medical, SterilMed, Stryker Sustainability Solutions, Inc., SureTek Medical and Vanguard AG etc.
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