Reprocessed Medical Devices Market Growth Factors, Latest Rising Trend & Forecast To 2026

The global reprocessed medical devices market is slated to record substantial growth in the near future, with growing use of these devices in various medical procedures. The devices provide healthcare providers with significant cost benefits. Reprocessing of used medical equipment is rapidly emerging as an efficient way for them to cut expenses.

The Association of Medical Device Reprocessors (AMDR) had announced in July 2020 that the use of reprocessed medical equipment can help healthcare providers better handle COVID-19 related cost burden, regulate the supply chain more efficiently, and invest savings to prepare for future threats. It is estimated that global reprocessed medical devices market could generate more than US$3.9 billion in revenue by the end of 2026, driven by increased awareness regarding environmental protection and ongoing efforts to reduce medical waste dumping. Highlighted below are a few key trends the industry is poised to witness over the next few years.

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On the basis of products, the reprocessed medical devices market is divided into orthopedic/arthroscopic, gastroenterology & urology, laparoscopic, and cardiovascular medical devices. Increasing number of bone related treatments and surgeries are poised to create an escalated demand for the augmentation of orthopedic segment in the reprocessed medical devices industry. The orthopedic/arthroscopic segment is set to exhibit a commendable CAGR of over 15.2 per cent through the estimated period, driven by the growing prevalence of orthopedic injuries including osteoarthritis, traumatic fractures, osteoporosis, and rheumatoid arthritis.

In terms of the end-user, reprocessed medical devices market share from clinics generated over US$170 million in 2019 and is likely to grow substantially by the next few years. The number of clinics, especially across emerging economies, has increased significantly in recent years. Many of these clinics are relying on reprocessed equipment to reduce expenses.

Asia Pacific countries accounted for nearly 17.5% revenue share of the global reprocessed medical devices market in 2019 and will witness notable growth by 2026. The region is home to a large patient pool suffering from numerous chronic diseases, including cardiovascular diseases, heart disease, and cancer. 

Ongoing investments in improvement of the healthcare infrastructure is creating favorable opportunities for regional reprocessed medical devices manufacturers. With increased awareness regarding the benefits of reprocessing, large number of healthcare providers are expected to invest in reprocessed equipment.

Future trends in the reprocessed medical devices market will be influenced by favorable reimbursement policies introduced by respective governments. In addition, regulatory approval for use of reprocessed equipment in critical medical applications will be a key factor driving the product adoption. The presence of a favorable regulatory scenario promoting sustainable disposal of medical waste will augment the market forecast.

Prominent reprocessed medical devices companies are focusing on the adoption of several growth strategies pertaining to acquisitions, mergers, partnerships, collaborations, and novel product launches for the maintenance of a strong foothold in medical devices reprocessing industry.

Considering an instance, Innovative Health, one of the key reprocessed medical devices companies, secured FDA approval for reprocessing Biosense Webster’s Decanav and two Medtronic diagnostic catheters in November 2018. This launch reportedly helped the company in expanding its business portfolio. Major medical device reprocessing companies include SureTek Medical, Stryker, GE Healthcare, Medline Industries Teleflex Incorporated, Medtronic, Renu Medical (Arjo), Soma Technology, Ethicon, and Vanguard AG amongst others.

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Partial Chapter of the Table of Content

Chapter 4   Reprocessed Medical Devices Market, By Product

4.1    Key segment trends

4.2    Cardiovascular medical devices

4.2.1    Market size, by region, 2015-2026 (USD Million)

4.2.2    Blood pressure cuffs /tourniquet cuffs

4.2.2.1    Market size, by region, 2015-2026 (USD Million)

4.2.3    Electrophysiology cables

4.2.3.1    Market size, by region, 2015-2026 (USD Million)

4.2.4    Cardiac stabilization and positioning devices

4.2.4.1    Market size, by region, 2015-2026 (USD Million)

4.2.5    Diagnostic electrophysiology catheters

4.2.5.1    Market size, by region, 2015-2026 (USD Million)

4.2.6    Deep vein compression sleeves (DVT)

4.2.6.1    Reprocessed Medical Devices Market size, by region, 2015-2026 (USD Million)

4.3    Gastroenterology and urology

4.3.1    Market size, by region, 2015-2026 (USD Million)

4.3.2    Gastroenterology biopsy devices

4.3.2.1    Market size, by region, 2015-2026 (USD Million)

4.3.3    Urology biopsy devices

4.3.3.1    Market size, by region, 2015-2026 (USD Million)

4.4    Orthopedic/arthroscopic

4.4.1    Market size, by region, 2015-2026 (USD Million)

4.5    Laparoscopic

4.5.1    Market size, by region, 2015-2026 (USD Million)

4.5.2    Harmonic scalpels

4.5.2.1    Market size, by region, 2015-2026 (USD Million)

4.5.3    Endoscopic trocars and components

4.5.3.1    Market size, by region, 2015-2026 (USD Million)

4.6    General surgery equipment

4.6.1    Market size, by region, 2015-2026 (USD Million)

4.6.2    Infusion pressure bags

4.6.2.1    Market size, by region, 2015-2026 (USD Million)

4.6.3    Balloon inflation devices

4.6.3.1    Market size, by region, 2015-2026 (USD Million)

Chapter 5   Reprocessed Medical Devices Market, By End-use

5.1    Key segment trends

5.2    Ambulatory surgical centers

5.2.1    Market size, by region, 2015-2026 (USD Million)

5.3    Hospitals

5.3.1    Market size, by region, 2015-2026 (USD Million)

5.4    Clinics

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