US Reprocessed Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type [Cardiovascular Medical Devices(Blood Pressure Cuffs/Tourniquet Cuffs, Cardiac Stabilization and Positioning Devices, Diagnostic Electrophysiology Catheters, Electrophysiology Cables), Gastroenterology Biopsy Forceps, Orthopedic External Fixation Devices, Laparoscopic Medical Devices (Endoscopic Trocars and Components and Harmonic Scalpels), General Surgery Medical Devices (Balloon Inflation Devices and Infusion Pressure Bags), Non-Invasive Devices (DVT Garments, ECG Leads, Pulse Oximeter Probes, Air-Assisted Transfer Mats, Ultrasonic Clothing, Extraction Balloons and Baskets, Circuit Accessories, Optical Lens, and Other Non-Invasive Devices), and Others] and End-User (Hospitals, and Clinics, Ambulatory Surgery Centers, Medical Laboratories and Others), and Geography
The US reprocessed medical devices market is projected to reach US$ 2,118.31 million by 2028 from US$ 763.87 million in 2021; it is expected to grow at a CAGR of 15.7% from 2021 to 2028.
Reprocessing is an important part of the medical device life cycle. Reprocessing of medical device is a process of cleaning, sterilizing, testing, remanufacturing, disinfecting, and wrapping as well as labelling of a used, expired, and undamaged medical device to make it patient-ready at a much-reduced cost. It is a special process or treatment in preparation for reuse of medical devices. Increasing hospital expenditures on medical devices and high amount of medical wastage is driving the growth of the market.
The report offers insights and in-depth analysis of the reprocessed medical devices market, emphasizing various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players worldwide. It also includes the impact of the COVID-19 pandemic on the market across all the regions. The pandemic has disrupted the socioeconomic conditions of various countries across the world. Presently, the US is the world's worst-affected country due to the COVID-19 outbreak with the highest number of confirmed cases and deaths, as per the recent WHO statistics. The high number of COVID-19 positive cases has negatively impacted the global economies. There has been a decline in overall business activities and growth of various industries operating all around the world.
Strategic Insights
The rapid spread of the COVID-19 has provided significant momentum to the reprocessed medical device industry in 2020. Following a severe shortage of medical supplies, regulatory agencies such as the Association of Medical Device Reprocessors (AMDR) promoted the reprocessing of healthcare equipment. According to AMDR, the expansion of reprocessing programmes could assist healthcare providers manage COVID-19-related costs, better regulate supply chains, and better plan for future hazards. While the COVID-19 pandemic continues to disrupt economies around the world, the growing volume of medical waste is a huge worry. This emphasizes the need of efficient reprocessing, which can not only help meet supply shortages but also enhance healthcare sustainability. However, with the onset of COVID-19 pandemic, physicians and patients became more concerned about their safety, hence, raising apprehensions about the reuse of medical devices. This negatively affected demand for reprocessed medical devices. Thus, to overcome these safety concerns, reassuring steps such as sterilization and microbial testing of reprocessed medical devices were made mandatory by various regulatory authorities in the region. Also, the risk of infection in surgeries and inappropriate sterilization of the medical devices can increase the potential outbreaks which hinders the market growth. In addition, the R&D of reprocessing services has put on hold due to diversion of professionals to satisfy the demand of pandemic related products. Thus, owing to the above–mentioned factors, the pandemic has shown negative impact on the reprocessed medical devices market.
Market Insights
Rising Importance of Medical Waste Minimization Drives US Reprocessed Medical Devices Market
Reprocessing is a common practice in the US, where hospitals prefer to reprocess single-use devices to minimize medical waste. About 45% of hospitals have reprocessing agreements with third-party reprocessing medical devices companies in the US.
According to studies, reusing medical devices are a greener initiative, as it produces less medical waste, which is beneficial to the environment. Medical waste clogs landfills and gets expensive to avail bio waste disposal services. In comparison to the disposal of conventional solid waste, regulated medical waste (RMW) costs about 5–10 times higher, resulting in an increase in expenditure. Various health care practitioners have noted that reusable and single-use devices are nearly comparable and proper device reprocessing has no negative consequences for consumers.
RMW, often known as "red bag waste," is a waste expense that typically costs hospitals 6–10 times more than conventional solid waste to dispose of the waste material. With growing initiatives, 95% of the devices are reprocessed annually rather than sent to landfills at the end of their life cycle. Stainless steel, aluminum, titanium, gold, polycarbonate, and polyurethane are among the other re-processable raw materials that end up in a hospital's RMW. Some hospitals have diverted more than 8,000 pounds of RMW from landfills each year by reprocessing, while bigger systems can recycle more than 50,000 pounds. Therefore, the rising importance of medical waste minimization is driving the growth of the US reprocessed medical devices market.
Product-Based Insights
Based on product, the reprocessed medical devices market is segmented into cardiovascular medical devices, gastroenterology biopsy forceps, orthopedic external fixation devices, laparoscopic medical devices, general surgery medical devices, non-invasive devices, and others. In 2021, the cardiovascular medical device segment accounted for a larger share of the market. Moreover, the cardiovascular device segment is anticipated to register the highest CAGR in the market during the forecast period, owing to the growing burden of various coronary heart disease for instance stroke and cardiomyopathy.
Reprocessed Medical Devices Market, by Product – 2021 and 2028
End User-Based Insights
Based on end user, the reprocessed medical devices market is segmented into hospitals and clinics, ambulatory surgical centers, medical laboratories, and others. The hospitals and clinics segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 16.9% of the market during the forecast period.
The reprocessed medical devices market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide and meet the growing demand.
By Product
- Cardiovascular Medical Devices
- Blood Pressure Cuffs/Tourniquet Cuffs
- Cardiac Stabilization and Positioning Devices
- Diagnostic Electrophysiology Catheters
- Electrophysiology Cables
- General Surgery Medical Devices
- Balloon Inflation Devices
- Infusion Pressure Bags
- Laparoscopic Medical Devices
- Endoscopic Trocars and Components
- Harmonic Scalpels
- Orthopedic External Fixation Devices
- Gastroenterology Biopsy Forceps
- Non-Invasive Devices
- DVT Garments
- ECG Leads
- Pulse Oximeter Probes
- Air Assisted Transfer Mats
- Ultrasonic Clothing
- Extraction Baloons and Baskets
- Circuit Acessories
- Optical Lens
- Other Non-Invasive Devices
- Others
By End User
- Hospitals and Clinics
- Ambulatory surgical centers
- Medical Laboratories
- Others
Company Profiles
- Medline Industries, Inc.
- Arjo Medical Devices
- Stryker Corporation
- Innovative Health
- Teleflex Incorporated
- Johnson and Johnson Services, Inc.
- 3M
- Currie Medical Specialities, Inc
- STERIS plc
- Cardinal Health Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 US Reprocessed Medical Devices Market – By Product
1.3.2 US Reprocessed Medical Devices Market – By End User
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Reprocessed Medical Devices Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 US: PEST Analysis
4.3 Expert Opinion
5. US Reprocessed Medical Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Importance of Medical Waste Minimization
5.1.2 Growing Use of Reprocessed Single-Use Devices
5.2 Market Restraints
5.2.1 Limitations of Reprocessed Medical Devices and Stringent Regulatory Requirements
5.3 Market Opportunities
5.3.1 Increasing FDA Approvals of Reprocessed Medical Devices
5.4 Future Trends
5.4.1 Strategic Initiatives by Players
5.5 Impact Analysis
6. Reprocessed Medical Devices– US Market Analysis
6.1 US Reprocessed Medical Devices Market Overview
6.2 Market Positioning of Key Players
7. US Reprocessed Medical Devices Market Analysis– Product
7.1 Overview
7.2 US Reprocessed Medical Devices Market, by Product 2021 & 2028 (%)
7.3 Cardiovascular Medical Devices
7.3.1 Overview
7.3.2 US Cardiovascular Medical Devices: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)
7.3.3 Blood Pressure Cuffs/Tourniquet Cuffs
7.3.3.1 Overview
7.3.3.2 US Blood Pressure Cuffs/Tourniquet Cuffs: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.3.4 Cardiac Stabilization and Positioning Devices
7.3.4.1 Overview
7.3.4.2 US Cardiac Stabilization and Positioning Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.3.5 Diagnostic Electrophysiology Catheters
7.3.5.1 Overview
7.3.5.2 US Diagnostic Electrophysiology Catheters: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.3.6 Electrophysiology Cables
7.3.6.1 Overview
7.3.6.2 US Electrophysiology Cables: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Laparoscopic Medical Devices
7.4.1 Overview
7.4.2 US Laparoscopic Medical Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.4.3 Endoscopic Trocars and Components
7.4.4 Overview
7.4.5 US Endoscopic Trocars and Components: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.4.6 Harmonic Scalpels
7.4.7 Overview
7.4.8 US Harmonic Scalpels: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Gastroenterology Biopsy Forceps
7.5.1 Overview
7.5.2 US Gastroenterology Biopsy Forceps: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)
7.6 Orthopaedic External Fixation Devices
7.6.1 Overview
7.6.2 US Orthopaedic External Fixation Devices: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)
7.7 General Surgery Medical Devices
7.7.1 Overview
7.7.2 US General Surgery Medical Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.7.3 Balloon Inflation Devices
7.7.4 Overview
7.7.5 US Balloon Inflation Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.7.6 Infusion Pressure Bags
7.7.7 Overview
7.7.8 US Infusion Pressure Bags: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.8 Non-Invasive Devices
7.8.1 Overview
7.8.2 US Non-Invasive Devices Market Revenue and Forecasts to 2028 (US$ Mn)
7.8.3 DVT Garments
7.8.3.1 Overview
7.8.3.2 US DVT Garments Market Revenue and Forecasts to 2028 (US$ Mn)
7.8.4 ECG Leads
7.8.4.1 Overview
7.8.4.2 US ECG Leads Market Revenue and Forecasts to 2028 (US$ Mn)
7.8.5 Pulse Oximeter Probes
7.8.5.1 Overview
7.8.5.2 US Pulse Oximeter Probes Market Revenue and Forecasts to 2028 (US$ Mn)
7.8.6 Air-Assisted Transfer Mats
7.8.6.1 Overview
7.8.6.2 US Air-Assisted Transfer Mats Market Revenue and Forecasts to 2028 (US$ Mn)
7.8.7 Ultrasonic Clothing
7.8.7.1 Overview
7.8.7.2 US Ultrasonic Clothing: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.8.8 Extraction Balloons and Baskets
7.8.8.1 Overview
7.8.8.2 US Extraction Balloons and Baskets: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.8.9 Circuit Accessories
7.8.9.1 Overview
7.8.9.2 US Circuit accessories: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.8.10 Optical Lens
7.8.10.1 Overview
7.8.10.2 US Optical Lens: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.8.11 Other Non-Invasive Devices
7.8.11.1 Overview
7.8.11.2 US Other Non-Invasive Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 US Others: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
8. US Reprocessed Medical Devices Market Analysis – End User
8.1 Overview
8.2 US Reprocessed Medical Devices Market, By End User 2021 & 2028 (%)
8.3 Hospitals and Clinics
8.3.1 Overview
8.3.2 US Hospitals and Clinics Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Ambulatory Surgical Centers
8.4.1 Overview
8.4.2 US Ambulatory Surgical Centers Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Medical Laboratories
8.5.1 Overview
8.5.2 US Medical Laboratories Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 US Others Market Revenue and Forecasts to 2028 (US$ Mn)
9. Impact of COVID-19 Pandemic on US Reprocessed Medical Devices Market
9.1 US: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Growth Strategies Done by the Companies in the Market, (%)
10.3 Organic Developments
10.3.1 Overview
10.4 Inorganic Developments
10.4.1 Overview
11. Company Profiles
11.1 Medline Industries, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Arjo Medical Devices
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Stryker Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Innovative Health
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Teleflex Incorporated
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Johnson and Johnson Services, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 3M
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Currie Medical Specialities, Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 STERIS plc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Cardinal Health Inc
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Organic Developments Done by Companies
Table 2. Inorganic Developments Done by Companies
Table 3. Glossary of Terms, US Compound Pharmacies Market
LIST OF FIGURES
Figure 1. US Reprocessed Medical Devices Market Segmentation
Figure 2. US Reprocessed Medical Devices Market Overview
Figure 3. Cardiovascular Medical Devices Segment is Expected to Show Remarkable Growth During Forecast Period
Figure 4. US Reprocessed Medical Devices Market, Industry Landscape
Figure 5. US: PEST Analysis
Figure 6. Expert Opinion
Figure 7. US Reprocessed Medical Devices Market Impact Analysis of Drivers and Restraints
Figure 8. Overview of US Reprocessed Medical Devices Market
Figure 9. Market Positioning of Key Players in US Reprocessed Medical Devices Market
Figure 10. US Reprocessed Medical Devices Market, By Product 2021 & 2028 (%)
Figure 11. US Cardiovascular Medical Devices: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. US Blood Pressure/Tourniquet Cuffs: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. US Cardiac Stabilization and Positioning Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. US Diagnostic Electrophysiology Catheters: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. US Electrophysiology Cables: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. Laparoscopic Medical Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. US Endoscopic Trocars and Components: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. US Harmonic Scalpels: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. US Gastroenterology Biopsy Forceps: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)
Figure 20. US Orthopaedic External Fixation Devices: Reprocessed Medical Device Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. US General Surgery Medical Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. US Balloon Inflation Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. US Infusion Pressure Bags: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. US Non-Invasive Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. US DVT Garments Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. US ECG Leads Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. US Pulse Oximeter Probes Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. US Air-Assisted Transfer Mats Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. US Ultrasonic Clothing: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 30. US Extraction Balloons and Baskets: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 31. US Circuit accessories: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 32. US Optical Lens: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 33. US Other Non-Invasive Devices: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 34. US Others: Reprocessed Medical Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 35. US Reprocessed Medical Devices Market, by End User 2021& 2028 (%)
Figure 36. US Hospitals and Clinics Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 37. US Ambulatory Surgical Centers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 38. US Medical Laboratories Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 39. US Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 40. Impact of COVID-19 Pandemic on Reprocessed Medical Devices Market in the US
Figure 41. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - US Reprocessed Medical Devices Market
- Medline Industries, LP
- Arjo
- Currie Medical Specialities, Inc.
- Stryker
- Innovative Health
- Teleflex Incorporated
- Johnson and Johnson
- 3M
- STERIS
- Cardinal Health
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US reprocessed medical devices market.
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- Enhancing the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.