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

Asia Pacific Reprocessed Medical Devices MarketSize and Trends

Asia Pacific reprocessed medical devices market is estimated to be valued at US$ 376.2 million in 2021 and is expected to exhibit a CAGR of 15.3 % over the forecast period (2021-2028).

Figure 1. Asia Pacific Reprocessed Medical Devices Market Value (US$ Mn), by Country, 2020

Japan held dominant position in Asia Pacific reprocessed medical devices market in 2020, accounting for 30.5% share in terms of volume, followed by China and South East Asia, respectively. The growth of the market is driven by growing adoption, and high unmet medical needs are expected to boost the market growth in Japan.

Market Trends:

Major medical device manufacturers are focused on investment in reprocessed medical devices. For instance, in April 2019, NEScientific Inc. and ReNu Medical, Inc. joined The Association of Medical Device Reprocessors. Similarly, in November 2018, Cardinal Health also joined the association.

Sterile processing is expected to aid in growth of the market. Investment in staffing for central sterile departments staff is expected to reduce medical waste in the healthcare sector. Central sterile professionals can maximize their single use device reprocessing leading to significant saving.

Figure 2. Asia Pacific Reprocessed Medical Devices Market Share, By Technique, 2020