Global Reprocessed Medical Devices Market to surpass $3 Bn by 2024

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Global Reprocessed Medical Devices Market share
to surpass 3 Bn by 2024 Global Market Insights
Inc.
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Key Insights from Reprocessed Medical Devices
Market

• Global Market Insights, Inc. says, Global Medical
  Devices Market size is set to exceed over USD 1.0
  billion in 2016 and is expected to witness more
  than 14 CAGR from 2017 to 2024.
• Reprocessed medical devices market is anticipated
  to witness robust progress over the forecast
  timeframe. Rising number of cardiac surgeries
  coupled with numerous blood pressure monitoring
  applications are foremost factors driving
  industry growth.
• Cardiovascular reprocessed segment is growing
  substantially due to increasing prevalence of
  cardiac diseases that lead to cardiac surgical
  procedures.
• Hospitals held substantial revenue share due to
  rising number of surgical procedures coupled with
  increasing adoption rate of reprocessed medical
  devices by hospitals.
• Major Players of Medical Devices Market is GE
  Healthcare, Centurion Medical Products, Mediline
  ReNewal, Steril Med (Ethicon Endo-Surgery), etc.

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Continued...

• U.S market accounted for largest revenue share in
  2016, and will grow significantly during forecast
  period. Growth is attributable to increasing
  prevalence of chronic diseases, rising records of
  MIS performed annually, and augmented consumer
  awareness levels for MIS.
• Ambulatory surgical centers (ASC) segment will
  grow significantly as a result of, increasing
  number of surgical procedures in outpatient
  settings such as, ASCs coupled with increased
  adoption of reprocessed medical devices in ASCs.
  
• Reprocessed medical devices industry is extremely
  competitive and major factor accountable for
  increasing demand of reprocessed medical devices
  is the related low price. Reprocessing encourages
  industry competition, decreases medical waste
  generated from operating rooms as well as reduces
  waste clearance costs.

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U.S. Reprocessed Medical Devices Market, By
Product, 2013 2024 (USD Million)

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