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Asia-Pacific Single-use Medical Device Reprocessing Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5175127
  • Report
  • August 2020
  • Region: Asia Pacific
  • 80 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2020
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FEATURED COMPANIES

  • Medline Industries, Inc.
  • NEScientific, Inc.
  • Soma Technology Inc.
  • Stryker Corporation
  • MORE
The Single-use Medical Device Reprocessing is gaining popularity as its helps to reduce hospital waste and allows for major costs savings. The market is also being driven by the reprocessing of single-use devices that results in environment sustainability.

The lowering of the overall cost of healthcare through the reprocessing of single-use devices is the primary factor driving this market. The process has been rationalized and legislated in Japan. In India, 80% of healthcare is provided by the private sector. There are certain policies being used by the private sector, which helps to diminish the financial burden substantially and reduces the overall economic burden through reduced medical bills generated for the patient.

Therefore in the past decade, increased use of reprocessed single-use devices has been observed in the emerging markets, which are likely to drive the growth of the single-use medical device reprocessing market.

In addition, the poor regulations regarding the SUD reprocessing in emerging markets is the major obstacle for the growth of SUD reprocessing market in the developing countries. Furthermore the practice of SUDs reprocessing is unregulated due to the scarcity of guidance from the regulatory authorities.

Key Market Trends

Class II Device Segment Captures the Largest Share of the Asia-Pacific Single-use Medical Device Reprocessing Market

The Class II medical devices segment includes the Pulse Oximeter Sensors, Sequential Compression Sleeves, Catheters and Guidewires and Other Class II Devices.

The Class II devices are expected to record a large share owing to the increasing number of cardiac interventions and the consequent economic load demand for assessing SUDs’ reuse. Japan does not have any regulations for the reprocessing of single-use medical devices. Therefore, regulatory authorities, such as the Ministry of Health, Labor and Welfare (MHLW) (Japan), in collaboration with the FDA are focusing on generating new medical device reprocessing guidelines for Japan. Therefore all these factors are expected to drive the overall market.

Competitive Landscape

The major players in the Asia-Pacific single-use medical device reprocessing market include Medline Industries, Inc., NEScientific, Inc., ReNu Medical Inc., Soma Technology, Inc., Sterilmed Inc. (Johnson & Johnson), and Stryker Corporation.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Medline Industries, Inc.
  • NEScientific, Inc.
  • Soma Technology Inc.
  • Stryker Corporation
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Significance of Medical Waste Minimization
4.2.2 Reprocessing Single-use Devices Results in Environment Sustainability
4.2.3 Cost-Saving through Reprocessing Single-use Devices
4.3 Market Restraints
4.3.1 Poor Regulation of SUD Reprocessing in Emerging Markets
4.3.2 Preconceived Notion regarding the Quality of Reprocessed Single-use Medical Devices
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Class I Devices
5.1.1.1 Laparoscopic Graspers
5.1.1.2 Forceps
5.1.1.3 Scissors
5.1.1.4 Other Class I Devices
5.1.2 Class II Device
5.1.2.1 Pulse Oximeter Sensors
5.1.2.2 Sequential Compression Sleeves
5.1.2.3 Catheters and Guidewires
5.1.2.4 Other Class II Devices
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 Japan
5.2.1.3 India
5.2.1.4 Australia
5.2.1.5 South Korea
5.2.1.6 Rest of Asia-Pacific

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medline Industries, Inc.
6.1.2 NEScientific, Inc.
6.1.3 ReNu Medical Inc. (Arjo Inc.)
6.1.4 Soma Technology Inc.
6.1.5 Sterilmed Inc. (Johnson & Johnson)
6.1.6 Stryker Corporation
Note: Product cover images may vary from those shown
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  • Medline Industries, Inc.
  • NEScientific, Inc.
  • ReNu Medical Inc. (Arjo Inc.)
  • Soma Technology Inc.
  • Sterilmed Inc. (Johnson & Johnson)
  • Stryker Corporation
Note: Product cover images may vary from those shown
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