Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Medical Device Reprocessing: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Medical Device Reprocessing estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$6 Billion by 2030, growing at a CAGR of 15.8% over the analysis period 2022-2030.
Reprocessing Support & Services, one of the segments analyzed in the report, is projected to record 14.6% CAGR and reach US$3.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Reprocessed Medical Devices segment is readjusted to a revised 17.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $762.8 Million, While China is Forecast to Grow at 18.7% CAGR
The Medical Device Reprocessing market in the U.S. is estimated at US$762.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$895.5 Million by the year 2030 trailing a CAGR of 18.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 14.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.
Select Competitors (Total 162 Featured) -
- AGITO MEDICAL A/S
- Arjo Inc.
- Block Imaging, Inc.
- Cardinal Health, Inc.
- EverX Pvt Ltd
- Innovative Health
- Johnson & Johnson Services, Inc.
- Medline Industries, LP
- Medtronic PLC
- NEScientific, Inc.
- SteriPro Canada Inc.
- Stryker Corporation
- Vanguard AG
- Vascular Solutions, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 485 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.8 Billion |
| Forecasted Market Value (USD) by 2030 | $6 Billion |
| Compound Annual Growth Rate | 16.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Medical Device Reprocessing - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Robust Demand for Medical Devices Provides the Foundation for the Rise of Medical Device Preprocessing
- Robust Outlook for Medical Devices Expands the Addressable Market Opportunity for Medical Device Reprocessing: Global Market for Medical Devices (In US$ Billion) for Years 2021, 2023, 2025 and 2027
- Discussing Prognosis: Here's What Everyone Should Know About the Pandemic & the Global Economy
- As Omicron Strain Fuels Fresh Waves of Infections Across the Globe, Mutating Coronavirus is the New Pandemic Challenge in 2022
- With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
- With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of January 2022
- At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
- How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
- Split Scenarios Unfold: The Great Vaccine Divide Emerges
- With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of January 2022
- The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
- Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
- The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
- Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
- Dragging Pandemic, New Virus Strains, Fresh Societal Risks, Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
- Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Comes Into Play, Lowering Growth Expectations for 2022 & 2023: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
- New Bursts of Inflation Caused by Russia-Ukraine War Threatens Economic Recovery
- Medical Device Reprocessing: Definition, Importance & Benefits
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Focus on Infection Control Drives Interest in Reprocessing of Reusable Medical Devices
- Burden of Hospital Acquired Infections Remains High
- Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost by Infection Type
- Medical Devices, a Major Culprit in HAIs, Drives Focus on Reprocessing Reusable Medical Devices
- Focus on Sterilization, an Important Aspect of Medical Device Reprocessing
- Rise in Minimally Invasive Endoscopic Procedures Drives Demand for Endoscope Reprocessing
- The Massive Endoscopy Devices Market Offers Opportunities on a Platter for Reprocessing of Endoscopic Devices: Global Market for Endoscopy Devices (In US$ Billion) for Years 2021, 2023, 2025 and 2027
- Increasing Cancer Incidence & Growing Use of Medical Devices for Cancer Management Bodes Well for Reprocessing
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Global Warming & Ensuing Focus on Sustainability Brings Medical Device Reprocessing in the Spotlight. Here's Why
- Sustainability Becomes More Important than Ever. Here's Why
- The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
- How Reprocessing Can Help?
- Rising Costs of Medical Devices Drives Focus on Medical Device Reprocessing
- Growing Use of Disposable Devices Spurs Popularity of Reprocessing of Single Use Devices
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nbgk1t
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