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Single-Use Medical Device Reprocessing Trends and Forecast
The future of the global single-use medical device reprocessing market looks promising with opportunities in the general surgery, anesthesia, arthroscopy and orthopaedic surgery, cardiology, gastroenterology, gynaecology, and urology markets. The global single-use medical device reprocessing market is expected to reach an estimated $1.9 billion by 2030 with a CAGR of 13.5% from 2024 to 2030. The major drivers for this market are increasing incidence of chronic disorders, rising number of surgical procedures, and growing focus towards sustainability and reducing medical waste across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Single-Use Medical Device Reprocessing by Segment
The study includes a forecast for the global single-use medical device reprocessing by device type, application, end use, and region
Single-Use Medical Device Reprocessing Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:
• Class I Devices
• Class II Devices
Single-Use Medical Device Reprocessing Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• General Surgery
• Anesthesia
• Arthroscopy and Orthopaedic Surgery
• Cardiology
• Gastroenterology
• Gynaecology
• Urology
• Others
Single-Use Medical Device Reprocessing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Ambulatory Surgical Centers
• Others
Single-Use Medical Device Reprocessing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Single-Use Medical Device Reprocessing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies single-use medical device reprocessing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the single-use medical device reprocessing companies profiled in this report include-
• Johnson & Johnson
• Stryker Corporation
• Suretek Medical
• Medline Industries
• Nescientific
• Steripro
• Innovative Health
• Renu Medical
• Vanguard
Single-Use Medical Device Reprocessing Market Insights
Lucintel forecast that class II devices will remain the larger market over the forecast period due to the growing number of cardiac and other intervention procedures and the consequent economic load demand for assessing single-use device reuse owing to the rising cost of instruments.
Within this market, general surgery will remain the largest segment due to its increasing adoption in procedures, such as endoscopic tools, laparoscopic instruments, and trocars, which are often costly that drive up healthcare expenditures.
North America will remain the largest region over the forecast period due to the rising cost of reusable medical devices and the increasing prevalence of cardiovascular diseases in the region.
Features of the Global Single-Use Medical Device Reprocessing Market
Market Size Estimates: Single-use medical device reprocessing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Single-use medical device reprocessing market size by device type, application, end use, and region in terms of value ($B).
Regional Analysis: Single-use medical device reprocessing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different device types, applications, end uses, and regions for the single-use medical device reprocessing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the single-use medical device reprocessing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the single-use medical device reprocessing market size?
Answer: The global single-use medical device reprocessing market is expected to reach an estimated $1.9 billion by 2030.
Q.2 What is the growth forecast for single-use medical device reprocessing market?
Answer: The global single-use medical device reprocessing market is expected to grow with a CAGR of 13.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the single-use medical device reprocessing market?
Answer: The major drivers for this market are increasing incidence of chronic disorders, rising number of surgical procedures, and growing focus towards sustainability and reducing medical waste across the globe.
Q4. What are the major segments for single-use medical device reprocessing market?
Answer: The future of the single-use medical device reprocessing market looks promising with opportunities in the general surgery, anesthesia, arthroscopy and orthopaedic surgery, cardiology, gastroenterology, gynaecology, and urology markets.
Q5. Who are the key single-use medical device reprocessing market companies?
Answer: Some of the key single-use medical device reprocessing companies are as follows:
• Johnson & Johnson
• Stryker Corporation
• SureTek Medical
• Medline Industries
• NEScientific
• SteriPro
• Innovative Health
• ReNu Medical
• Vanguard
Q6. Which single-use medical device reprocessing market segment will be the largest in future?
Answer: Lucintel forecast that class II devices will remain the larger market over the forecast period due to the growing number of cardiac and other intervention procedures and the consequent economic load demand for assessing single-use device reuse owing to the rising cost of instruments.
Q7. In single-use medical device reprocessing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to the increasing cost of reusable medical devices and the rising prevalence of cardiovascular diseases in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the single-use medical device reprocessing market by device type (class I devices and class II devices), application (general surgery, anesthesia, arthroscopy and orthopaedic surgery, cardiology, gastroenterology, gynaecology, urology, and others), end use (hospitals, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Single-Use Medical Device Reprocessing Market, Single-Use Medical Device Reprocessing Market Size, Single-Use Medical Device Reprocessing Market Growth, Single-Use Medical Device Reprocessing Market Analysis, Single-Use Medical Device Reprocessing Market Report, Single-Use Medical Device Reprocessing Market Share, Single-Use Medical Device Reprocessing Market Trends, Single-Use Medical Device Reprocessing Market Forecast, Single-Use Medical Device Reprocessing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Single-Use Medical Device Reprocessing Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Single-Use Medical Device Reprocessing Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Single-Use Medical Device Reprocessing Market by Device Type
3.3.1: Class I Devices
3.3.2: Class II Devices
3.4: Global Single-Use Medical Device Reprocessing Market by Application
3.4.1: General Surgery
3.4.2: Anesthesia
3.4.3: Arthroscopy and Orthopaedic Surgery
3.4.4: Cardiology
3.4.5: Gastroenterology
3.4.6: Gynaecology
3.4.7: Urology
3.4.8: Others
3.5: Global Single-Use Medical Device Reprocessing Market by End Use
3.5.1: Hospitals
3.5.2: Ambulatory Surgical Centers
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Single-Use Medical Device Reprocessing Market by Region
4.2: North American Single-Use Medical Device Reprocessing Market
4.2.2: North American Single-Use Medical Device Reprocessing Market by Application: General Surgery, Anesthesia, Arthroscopy and Orthopaedic Surgery, Cardiology, Gastroenterology,Gynaecology,Urology, and Others
4.3: European Single-Use Medical Device Reprocessing Market
4.3.1: European Single-Use Medical Device Reprocessing Market by Device Type: Class I Devices and Class II Devices
4.3.2: European Single-Use Medical Device Reprocessing Market by Application: General Surgery, Anesthesia, Arthroscopy and Orthopaedic Surgery, Cardiology, Gastroenterology,Gynaecology,Urology, and Others
4.4: APAC Single-Use Medical Device Reprocessing Market
4.4.1: APAC Single-Use Medical Device Reprocessing Market by Device Type: Class I Devices and Class II Devices
4.4.2: APAC Single-Use Medical Device Reprocessing Market by Application: General Surgery, Anesthesia, Arthroscopy and Orthopaedic Surgery, Cardiology, Gastroenterology,Gynaecology,Urology, and Others
4.5: ROW Single-Use Medical Device Reprocessing Market
4.5.1: ROW Single-Use Medical Device Reprocessing Market by Device Type: Class I Devices and Class II Devices
4.5.2: ROW Single-Use Medical Device Reprocessing Market by Application: General Surgery, Anesthesia, Arthroscopy and Orthopaedic Surgery, Cardiology, Gastroenterology,Gynaecology,Urology, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Single-Use Medical Device Reprocessing Market by Device Type
6.1.2: Growth Opportunities for the Global Single-Use Medical Device Reprocessing Market by Application
6.1.3: Growth Opportunities for the Global Single-Use Medical Device Reprocessing Market by End Use
6.1.4: Growth Opportunities for the Global Single-Use Medical Device Reprocessing Market by Region
6.2: Emerging Trends in the Global Single-Use Medical Device Reprocessing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Single-Use Medical Device Reprocessing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Single-Use Medical Device Reprocessing Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Johnson & Johnson
7.2: Stryker Corporation
7.3: SureTek Medical
7.4: Medline Industries
7.5: NEScientific
7.6: SteriPro
7.7: Innovative Health
7.8: ReNu Medical
7.9: Vanguard
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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