Asia Pacific Reprocessed Medical Devices Market, By Technique (Laparoscopic Devices, Gastroenterology, General Surgery, Orthopedic Devices, Cardiovascular Devices), By Countries (Australia, New Zealand, China, India, South East Asia, Japan, Rest of Asia-Pacific) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published In : Sep 2021

Code : CMI4614

Pages :188

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Asia Pacific Reprocessed Medical Devices Market: Drivers

Increasing focus on reducing medical waste is expected to propel growth of Asia Pacific reprocessed medical devices market over the forecast period. For instance, according to the National Bureau of Statistics of China, Over 2 million tons of medical waste were produced in China in 2018.

Moreover, use of reprocessed medical devices leads to significant savings in the healthcare sector, which is expected to boost demand for such devices, thereby aiding in growth of the market. For instance, according to Association of Medical Device Reprocessors, reprocessing medical devices originally labeled for single use saved hospitals and surgery centers nearly US$ 500 million in 2018.

Asia Pacific Reprocessed Medical Devices Market: Restraints

Risk of cross contamination and hospital acquired infections is expected to hinder growth of Asia Pacific reprocessed medical devices market. Absence of stringent regulations for reprocessed medical devices in developing countries may result in increased cases of contamination and infections due to the use of these devices.

Moreover, material alteration during exposure of device to extreme environment is also expected to limit growth of the market. Exposure to certain chemical agents such as decontamination agents and chemical sterilants during reprocessing procedures can damage medical devices. Residues from contamination agent materials or chemicals, if absorbed, can create chemical burns or cause sensitization in patients.

Asia Pacific Reprocessed Medical Devices Market: Opportunities

Reduced product pricing of reprocessed medical devices is expected to offer lucrative growth opportunities for players in the market. Consumers in economies such as India, China, Indonesia, and Malaysia are very price conscious. In these countries, reprocessed medical devices are sold at approximately half the price of a new device. Therefore, products with less price and appropriate regulatory approval would be adopted faster in the region.

Moreover, strengthening distribution network is also expected to aid in growth of the market. Increasing population and high unmet medical needs are expected to boost the market growth in Asia Pacific. Market players, therefore, need to focus on enhancing their distribution network to remain competitive in the market.