REPROCESSED MEDICAL DEVICES MARKET ANALYSIS

Reprocessed Medical Devices Market, By Device Type (Laparoscopic Devices, General Surgery Devices, Orthopedic Devices, Cardiovascular Devices, Non-Invasive Devices, and Others), By Type (Third-party and In-house), By End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Surgical Centers, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI234
Pages :149
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges: Stringent government regulations

The risk of surgical site infections due to the use of reprocessed medical devices, and stringent regulations for medical device reprocessing practices act as major barriers for the growth of the global medical device reprocessing market. When used for procedures and treatment, medical equipment becomes contaminated and infested with bacteria. Medical equipment’s are routinely reconditioned since, contaminated and infected ones increase the risk of infections. However, certain remanufactured medical devices may retain biological waste, tissue, and blood due to insufficient cleaning.

Market Opportunities: Growing number of surgical procedures

Rising healthcare costs and budget constraints have increased the demand for cost-effective alternatives like reprocessed devices. As baby boomers age, the demand for surgical procedures will rise, benefiting remanufacturers. Many devices are now designed for multiple uses, making reprocessing more feasible, thus creating lucrative growth opportunities for market development over the forecasted period.