US Reprocessed Medical Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product (Cardiovascular Medical Devices, General Surgery Medical Devices, Laparoscopic Medical Devices, Orthopedic External Fixation Devices, Gastroenterology Biopsy Forceps, Non-Invasive Devices, And Others) And End User (Hospitals & Clinics, Ambulatory Surgery Centers, Medical Laboratories, And Others)
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.
Rising importance of medical waste minimization and growing use of reprocessed single-use devices drive the growth of the US reprocessed medical devices market. However, the limitations of reprocessed medical devices and stringent regulatory requirements hampers the market growth.
The usage of reprocessed single-use devices (SUDs) has grown as a common practice worldwide, especially in the US. According to a research article "Transforming the Medical Device Industry: Road Map to a Circular Economy," published in December 2020, the healthcare system of high-income countries is primarily based on a linear supply chain that contains single-use disposable medical devices, which not only raises healthcare costs but also creates other issues such as waste and pollution. Thus, the rising use of SUDs has an indirect but significant impact on the environment and ecosystem.
In most modern nations, SUDs reprocessing is carefully regulated, with well-established reprocessing protocols by the US FDA. Single-use devices are to be reused according to the necessary and important requirements, as well as information on the specific technique to allow reuse, such as the sterilization method to be used and processes such as cleaning and disinfection. According to the Association of Medical Device Reprocessors (AMDR), reprocessing of SUDs can save up to 50% of hospital costs while also helping to reduce waste. Furthermore, these products maintain the same quality standards as originally manufactured devices, improving patient safety and driving demand for these products.
Hence, the reprocessing of these SUDs assists in reducing medical wastes along with cost-effectiveness in the healthcare industry, which acts as the major driving factor for the growth of the reprocessed medical devices market.
The US reprocessed medical devices market by product is segmented into cardiovascular medical devices, laparoscopic medical devices, gastroenterology biopsy forceps, orthopedic external fixation devices, general surgery medical devices, non-invasive devices, and others. In 2021, cardiovascular medical devices held the largest market due to increasing cardiovascular devices in the region. Moreover, the same segment is expected to register faster growth owing to low-cost resulting in high adoption of the devices in the region.
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.
National Institute of Diabetes and Digestive and Kidney Diseases, Association of Medical Device Reprocessors (AMDR), Centers for Disease Control and Prevention (CDC), American Heart Association (AHA), American Cancer Society (ASC), American Society of Plastic Surgeons (ASPS), American Red Cross, and World Health Organization (WHO) are among the major secondary sources referred to while preparing the report on the US reprocessed medical devices market.
Reasons to Buy
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.
Rising importance of medical waste minimization and growing use of reprocessed single-use devices drive the growth of the US reprocessed medical devices market. However, the limitations of reprocessed medical devices and stringent regulatory requirements hampers the market growth.
The usage of reprocessed single-use devices (SUDs) has grown as a common practice worldwide, especially in the US. According to a research article "Transforming the Medical Device Industry: Road Map to a Circular Economy," published in December 2020, the healthcare system of high-income countries is primarily based on a linear supply chain that contains single-use disposable medical devices, which not only raises healthcare costs but also creates other issues such as waste and pollution. Thus, the rising use of SUDs has an indirect but significant impact on the environment and ecosystem.
In most modern nations, SUDs reprocessing is carefully regulated, with well-established reprocessing protocols by the US FDA. Single-use devices are to be reused according to the necessary and important requirements, as well as information on the specific technique to allow reuse, such as the sterilization method to be used and processes such as cleaning and disinfection. According to the Association of Medical Device Reprocessors (AMDR), reprocessing of SUDs can save up to 50% of hospital costs while also helping to reduce waste. Furthermore, these products maintain the same quality standards as originally manufactured devices, improving patient safety and driving demand for these products.
Hence, the reprocessing of these SUDs assists in reducing medical wastes along with cost-effectiveness in the healthcare industry, which acts as the major driving factor for the growth of the reprocessed medical devices market.
The US reprocessed medical devices market by product is segmented into cardiovascular medical devices, laparoscopic medical devices, gastroenterology biopsy forceps, orthopedic external fixation devices, general surgery medical devices, non-invasive devices, and others. In 2021, cardiovascular medical devices held the largest market due to increasing cardiovascular devices in the region. Moreover, the same segment is expected to register faster growth owing to low-cost resulting in high adoption of the devices in the region.
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.
National Institute of Diabetes and Digestive and Kidney Diseases, Association of Medical Device Reprocessors (AMDR), Centers for Disease Control and Prevention (CDC), American Heart Association (AHA), American Cancer Society (ASC), American Society of Plastic Surgeons (ASPS), American Red Cross, and World Health Organization (WHO) are among the major secondary sources referred to while preparing the report on the US reprocessed medical devices market.
Reasons to Buy
- 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.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the US reprocessed medical devices market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhancing the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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 Publisher
12.2 Glossary of TermsList of Tables
Table 1. Organic Developments Done by Companies
Table 2. Inorganic Developments Done by Companies
Table 3. Glossary of Terms, US Compound Pharmacies MarketList 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, (%)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Medline Industries, LP
- Arjo
- Currie Medical Specialities, Inc.
- Stryker
- Innovative Health
- Teleflex Incorporated
- Johnson and Johnson
- 3M
- STERIS
- Cardinal Health
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 158 |
| Published | February 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 763.87 million |
| Forecasted Market Value ( USD | $ 2118.31 million |
| Compound Annual Growth Rate | 15.7% |
| Regions Covered | United States |
