US Reprocessed Medical Devices Market Forecast to 2028

Report Code : TIPRE00026871 | Region : North America | Industry : Medical Device | Published Date : 11/Feb/2022
US Reprocessed Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type [Cardiovascular Medical Devices(Blood Pressure Cuffs/Tourniquet Cuffs, Cardiac Stabilization and Positioning Devices, Diagnostic Electrophysiology Catheters, Electrophysiology Cables), Gastroenterology Biopsy Forceps, Orthopedic External Fixation Devices, Laparoscopic Medical Devices (Endoscopic Trocars and Components and Harmonic Scalpels), General Surgery Medical Devices (Balloon Inflation Devices and Infusion Pressure Bags), Non-Invasive Devices (DVT Garments, ECG Leads, Pulse Oximeter Probes, Air-Assisted Transfer Mats, Ultrasonic Clothing, Extraction Balloons and Baskets, Circuit Accessories, Optical Lens, and Other Non-Invasive Devices), and Others] and End-User (Hospitals, and Clinics, Ambulatory Surgery Centers, Medical Laboratories and Others), and Geography

US Reprocessed Medical Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product (Cardiovascular Medical Devices, General Surgery Medical Devices, Laparoscopic Medical Devices, Orthopedic External Fixation Devices, Gastroenterology Biopsy Forceps, Non-Invasive Devices, And Others) And End User (Hospitals & Clinics, Ambulatory Surgery Centers, Medical Laboratories, And Others)

The US reprocessed medical devices market is projected to reach US$ 2,118.31 million by 2028 from US$ 763.87 million in 2021; it is expected to grow at a CAGR of 15.7% from 2021 to 2028.

Rising importance of medical waste minimization and growing use of reprocessed single-use devices drive the growth of the US reprocessed medical devices market. However, the limitations of reprocessed medical devices and stringent regulatory requirements hampers the market growth.

The usage of reprocessed single-use devices (SUDs) has grown as a common practice worldwide, especially in the US. According to a research article "Transforming the Medical Device Industry: Road Map to a Circular Economy," published in December 2020, the healthcare system of high-income countries is primarily based on a linear supply chain that contains single-use disposable medical devices, which not only raises healthcare costs but also creates other issues such as waste and pollution. Thus, the rising use of SUDs has an indirect but significant impact on the environment and ecosystem.

In most modern nations, SUDs reprocessing is carefully regulated, with well-established reprocessing protocols by the US FDA. Single-use devices are to be reused according to the necessary and important requirements, as well as information on the specific technique to allow reuse, such as the sterilization method to be used and processes such as cleaning and disinfection. According to the Association of Medical Device Reprocessors (AMDR), reprocessing of SUDs can save up to 50% of hospital costs while also helping to reduce waste. Furthermore, these products maintain the same quality standards as originally manufactured devices, improving patient safety and driving demand for these products.

Hence, the reprocessing of these SUDs assists in reducing medical wastes along with cost-effectiveness in the healthcare industry, which acts as the major driving factor for the growth of the reprocessed medical devices market.

The US reprocessed medical devices market by product is segmented into cardiovascular medical devices, laparoscopic medical devices, gastroenterology biopsy forceps, orthopedic external fixation devices, general surgery medical devices, non-invasive devices, and others. In 2021, cardiovascular medical devices held the largest market due to increasing cardiovascular devices in the region. Moreover, the same segment is expected to register faster growth owing to low-cost resulting in high adoption of the devices in the region.

Based on end user, the reprocessed medical devices market is segmented into hospitals and clinics, ambulatory surgical centers, medical laboratories, and others. The hospitals and clinics segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 16.9% of the market during the forecast period.

National Institute of Diabetes and Digestive and Kidney Diseases, Association of Medical Device Reprocessors (AMDR), Centers for Disease Control and Prevention (CDC), American Heart Association (AHA), American Cancer Society (ASC), American Society of Plastic Surgeons (ASPS), American Red Cross, and World Health Organization (WHO) are among the major secondary sources referred to while preparing the report on the US reprocessed medical devices market.

The List of Companies - Reprocessed Medical Devices Market

1. Medline Industries, LP

2. Arjo

3. Currie Medical Specialities, Inc.

4. Stryker

5. Innovative Health

6. Teleflex Incorporated

7. Johnson and Johnson

8. 3M

9. STERIS

10. Cardinal Health

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 US Reprocessed Medical Devices Market – By Product

1.3.2 US Reprocessed Medical Devices Market – By End User

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. US Reprocessed Medical Devices Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 US: PEST Analysis

4.3 Expert Opinion

5. US Reprocessed Medical Devices Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Importance of Medical Waste Minimization

5.1.2 Growing Use of Reprocessed Single-Use Devices

5.2 Market Restraints

5.2.1 Limitations of Reprocessed Medical Devices and Stringent Regulatory Requirements

5.3 Market Opportunities

5.3.1 Increasing FDA Approvals of Reprocessed Medical Devices

5.4 Future Trends

5.4.1 Strategic Initiatives by Players

5.5 Impact Analysis

6. Reprocessed Medical Devices– US Market Analysis

6.1 US Reprocessed Medical Devices Market Overview

6.2 Market Positioning of Key Players

7. US Reprocessed Medical Devices Market Analysis– Product

7.1 Overview

7.2 US Reprocessed Medical Devices Market, by Product 2021 & 2028 (%)

7.3 Cardiovascular Medical Devices

7.3.1 Overview

7.3.2 US Cardiovascular Medical Devices: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)

7.3.3 Blood Pressure Cuffs/Tourniquet Cuffs

7.3.3.1 Overview

7.3.3.2 US Blood Pressure Cuffs/Tourniquet Cuffs: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.3.4 Cardiac Stabilization and Positioning Devices

7.3.4.1 Overview

7.3.4.2 US Cardiac Stabilization and Positioning Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.3.5 Diagnostic Electrophysiology Catheters

7.3.5.1 Overview

7.3.5.2 US Diagnostic Electrophysiology Catheters: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.3.6 Electrophysiology Cables

7.3.6.1 Overview

7.3.6.2 US Electrophysiology Cables: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.4 Laparoscopic Medical Devices

7.4.1 Overview

7.4.2 US Laparoscopic Medical Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.4.3 Endoscopic Trocars and Components

7.4.4 Overview

7.4.5 US Endoscopic Trocars and Components: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.4.6 Harmonic Scalpels

7.4.7 Overview

7.4.8 US Harmonic Scalpels: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.5 Gastroenterology Biopsy Forceps

7.5.1 Overview

7.5.2 US Gastroenterology Biopsy Forceps: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)

7.6 Orthopaedic External Fixation Devices

7.6.1 Overview

7.6.2 US Orthopaedic External Fixation Devices: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)

7.7 General Surgery Medical Devices

7.7.1 Overview

7.7.2 US General Surgery Medical Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.7.3 Balloon Inflation Devices

7.7.4 Overview

7.7.5 US Balloon Inflation Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.7.6 Infusion Pressure Bags

7.7.7 Overview

7.7.8 US Infusion Pressure Bags: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.8 Non-Invasive Devices

7.8.1 Overview

7.8.2 US Non-Invasive Devices Market Revenue and Forecasts to 2028 (US$ Mn)

7.8.3 DVT Garments

7.8.3.1 Overview

7.8.3.2 US DVT Garments Market Revenue and Forecasts to 2028 (US$ Mn)

7.8.4 ECG Leads

7.8.4.1 Overview

7.8.4.2 US ECG Leads Market Revenue and Forecasts to 2028 (US$ Mn)

7.8.5 Pulse Oximeter Probes

7.8.5.1 Overview

7.8.5.2 US Pulse Oximeter Probes Market Revenue and Forecasts to 2028 (US$ Mn)

7.8.6 Air-Assisted Transfer Mats

7.8.6.1 Overview

7.8.6.2 US Air-Assisted Transfer Mats Market Revenue and Forecasts to 2028 (US$ Mn)

7.8.7 Ultrasonic Clothing

7.8.7.1 Overview

7.8.7.2 US Ultrasonic Clothing: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.8.8 Extraction Balloons and Baskets

7.8.8.1 Overview

7.8.8.2 US Extraction Balloons and Baskets: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.8.9 Circuit Accessories

7.8.9.1 Overview

7.8.9.2 US Circuit accessories: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.8.10 Optical Lens

7.8.10.1 Overview

7.8.10.2 US Optical Lens: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.8.11 Other Non-Invasive Devices

7.8.11.1 Overview

7.8.11.2 US Other Non-Invasive Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

7.9 Others

7.9.1 Overview

7.9.2 US Others: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)

8. US Reprocessed Medical Devices Market Analysis – End User

8.1 Overview

8.2 US Reprocessed Medical Devices Market, By End User 2021 & 2028 (%)

8.3 Hospitals and Clinics

8.3.1 Overview

8.3.2 US Hospitals and Clinics Market Revenue and Forecasts to 2028 (US$ Mn)

8.4 Ambulatory Surgical Centers

8.4.1 Overview

8.4.2 US Ambulatory Surgical Centers Market Revenue and Forecasts to 2028 (US$ Mn)

8.5 Medical Laboratories

8.5.1 Overview

8.5.2 US Medical Laboratories Market Revenue and Forecasts to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 US Others Market Revenue and Forecasts to 2028 (US$ Mn)

9. Impact of COVID-19 Pandemic on US Reprocessed Medical Devices Market

9.1 US: Impact Assessment of COVID-19 Pandemic

10. Industry Landscape

10.1 Overview

10.2 Growth Strategies Done by the Companies in the Market, (%)

10.3 Organic Developments

10.3.1 Overview

10.4 Inorganic Developments

10.4.1 Overview

11. Company Profiles

11.1 Medline Industries, Inc.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Arjo Medical Devices

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Stryker Corporation

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Innovative Health

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Teleflex Incorporated

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Johnson and Johnson Services, Inc.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 3M

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Currie Medical Specialities, Inc

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 STERIS plc.

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Cardinal Health Inc

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1. Organic Developments Done by Companies

Table 2. Inorganic Developments Done by Companies

Table 3. Glossary of Terms, US Compound Pharmacies Market

The List of Companies - Reprocessed Medical Devices Market

1. Medline Industries, LP

2. Arjo

3. Currie Medical Specialities, Inc.

4. Stryker

5. Innovative Health

6. Teleflex Incorporated

7. Johnson and Johnson

8. 3M

9. STERIS

10. Cardinal Health

Reason To Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US reprocessed medical devices market.

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the US reprocessed medical devices market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhancing the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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