Reprocessed medical devices have gained popularity due to their cost-effectiveness and environmentally sustainable nature. The reprocessing of medical devices involves cleaning, testing, and sterilizing the devices to make them safe for reuse. This process allows healthcare facilities to reduce their medical waste and save money on purchasing new medical devices. However, concerns over the safety and efficacy of reprocessed devices have been raised, leading to increased regulatory oversight and stricter quality control standards. To address these concerns, companies specializing in the reprocessing of medical devices are investing in new technologies and processes to improve the safety and quality of their products. Despite the challenges, the market for reprocessed medical devices is expected to continue growing as healthcare facilities seek ways to reduce costs and adopt more sustainable practices.
Global Reprocessed Medical Devices Market is estimated to be valued at US$ 3,091.8 million in 2022 and is expected to exhibit a CAGR of 20.4 % during the forecast period (2022-2030).
Prominent Companies in the Reprocessed Medical Devices Industry:
1. Stryker Corporation
Founded in 1941, Stryker Corporation is a US-based medical technology company that develops and manufactures a wide range of products, including orthopedic implants, surgical instruments, and medical devices. The company is headquartered in Kalamazoo, Michigan. In recent developments, Stryker acquired OrthoSensor, a company specializing in sensor technology for orthopedic surgery, in November 2020.
2. Johnson & Johnson
Founded in 1886, Johnson & Johnson is a multinational medical device, pharmaceutical, and Consumer Goods Company based in New Brunswick, New Jersey. The company produces a variety of medical products, including surgical instruments and devices. In recent developments, Johnson & Johnson launched its new ECHELON CIRCULAR Powered Stapler for colorectal, gastric, and thoracic surgeries in September 2021.
3. Vanguard AG
Founded in 2002, Vanguard AG is a German company that specializes in the reprocessing of medical devices. The company's headquarters are located in Langenfeld, Germany.
4. Medline ReNewal
Founded in 2010, Medline ReNewal is a subsidiary of Medline Industries, Inc. that specializes in the reprocessing of medical devices. The company is headquartered in Mundelein, Illinois.
5. SteriPro Canada, Inc.
Founded in 2004, SteriPro Canada is a Canadian company that provides medical device reprocessing services. The company is headquartered in Toronto, Ontario.
6. Pioneer Medical Devices AG
Founded in 2010, Pioneer Medical Devices is a Swiss company that specializes in the reprocessing of medical devices. The company is headquartered in Glattbrugg, Switzerland.
7. Vascular Solutions, Inc.
Founded in 1997, Vascular Solutions is a US-based medical device company that produces and markets a range of products for vascular procedures. The company is headquartered in Minneapolis, Minnesota. In recent developments, Vascular Solutions was acquired by Teleflex Incorporated in February 2017.
8. HYGIA Health Services, Inc.
Founded in 2007, HYGIA Health Services is a US-based medical device reprocessing company that provides services to hospitals and healthcare facilities. The company is headquartered in Oceanside, California.
9. ReNu Medical, Inc.
Founded in 1992, ReNu Medical is a US-based company that specializes in the reprocessing of medical devices. The company is headquartered in Baltimore, Maryland.
10. SureTek Medical
Founded in 2001, SureTek Medical is a US-based company that provides reprocessing services for medical devices. The company is headquartered in Irvine, California.
11. Centurion Medical Products Corporation
Founded in 1964, Centurion Medical Products is a US-based company that produces and markets a range of medical products, including surgical instruments and devices. The company is headquartered in Williamston, Michigan. In recent developments, Centurion Medical Products acquired Sandhill Scientific, a company specializing in the development and manufacture of diagnostic equipment for gastrointestinal disorders, in December 2019.
*Definition- Reprocessed medical devices are medical devices that have been previously used, but have undergone a cleaning, testing, and sterilization process to make them safe and suitable for reuse. Reprocessing of medical devices is typically carried out by third-party companies that specialize in the reprocessing of medical devices, or by in-house teams at healthcare facilities.
