According to Goldstein Research, global reprocessed medical devices market is expected to reach USD 5.12 billion by 2024, growing at a compounded annual growth rate of 15.0% during the forecast period 2016-2024. The huge amount saved by the medical facilities with the adoption of reprocessed medical devices is driving the growth of the market. US healthcare system has estimated saving of USD 2 billion form the inclusion of reprocessed devices. Global reprocessed medical devices market segmentation has been carried out on the basis of the reprocessed medical device, product type, end users, and geography. On the basis of the reprocessed medical device, cardiovascular devices segment accounted for largest market share i.e. 45.0% and is followed by general surgery medical equipment segment with a market share of 22.0% in 2016. Global reprocessed medical devices market is majorly driven by North America with a market share of 42.0% in 2016. The high medical expenditure and advanced medical facilities in North America have led to an increase in the adoption of reprocessed medical devices to meet the healthcare demands at low expenditure. North America is followed by Europe owing to high dependence upon the circular economy i.e. reuse and recycling of the products efficiently.

Market Segmentation

On the basis of our in-depth analysis, Global Reprocessed Medical Devices Market can be segmented as follows:

• By Reprocessed Medical Device
  • Cardiovascular Devices
  • Laparoscopic Devices
  • Gastroenterology Devices
  • General Surgery Devices
  • Orthopedic Devices
  • Others (Ultrasound catheters, saw blade, etc)
• By Product Type
  • Portable
  • Standalone
• By End User
  • Hospitals
  • Homecare Settings
  • Specialty Centers
  • Medical Laboratories
• By Region
• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Download Sample Report: https://www.goldsteinresearch.com/request-sample/global-reprocessed-medical-devices-market

Reprocessed Medical Device Industry Insights & Analysis

“Global Reprocessed Medical Devices Industry Outlook 2024” contains a detailed overview of the global reprocessed medical devices market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by the reprocessed medical device, product type, and end users.

Further, for the in-depth analysis, Global reprocessed medical devices market analysis report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Centurion Medical Products Corporation, Hygia Health Services, Inc., Medline ReNewal, MidWest Reprocessing Center, ReNu Medical, Inc., Ethicon, Inc. (Johnson & Johnson), Stryker Sustainability Solutions, Inc., SureTek Medical, Vanguard AG, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global reprocessed medical devices market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on healthcare industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in a rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Media Contact
Company Name: Goldstein Research
Contact Person: Steve Blade
Email: Send Email
Phone: +1-6465687747
Address:99 Wall Street, Suite No:- 527
City: New York
State: NY
Country: United States
Website: http://www.goldsteinresearch.com/