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.
Reprocessing And Reuse Of Single Use Medical Devices Market Report Snapshots
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