REPROCESSING AND REUSE OF SINGLE USE MEDICAL DEVICES MARKET ANALYSIS

Reprocessing and Reuse of Single Use Medical Devices Market, by Product Type (Class I (Tourniquet Cuffs, Pulse Oximeters Sensors, Sequential Compression Sleeves, and Others), and Class II (Endoscope, Diagnostic Ultrasound Catheter, Laparoscope, Trocar, and Others)), by Application (Cardiology, Gastroenterology, Orthopedic, General Surgery, and Others), by End User (Hospitals/Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Feb 2022
Code : CMI4900
Pages :215
Formats :
Excel and PDF
Industry : Medical Devices

Reprocessing And Reuse Of Single Use Medical Devices MarketSize and Trends

The global reprocessing and reuse of single use medical devices market is estimated to be valued at US$ 1,843.4 Mn in 2021, and is expected to exhibit a CAGR of 10.2% over the forecast period (2021-2028).

Figure 1: Global Reprocessing and Reuse of Single Use Medical Devices Market Share (%) Analysis, By Product Type, 2021

Increasing focus on reducing medical waste is the major factor that is expected to drive the market growth over the forecast period.

In order to reduce medical waste, healthcare facilities are increasingly focusing on implementing various approaches including minimizing the use of materials, reuse of instruments, and reprocessing and reuse of single use medical devices, which are expected to drive the market growth over the forecast period. According to the Association of Medical Device Reprocessors (AMDR), in 2019, approximately 15 million pounds of medical waste were reduced due to the use of reprocessed single-use medical devices.

Market- Trends report.