Medical device reprocessing is the process of cleaning, disinfecting, remanufacturing and testing, packaging, labelling, and sterilizing of already used medical devices.
Medical devices reprocessing facilitates in reusing medical devices and treating multiple patients. Medical devices get contaminated with the repeated use on the patient; therefore, these are reprocessed to avoid the risk of infection.
Inadequate reprocessing can also result into tissue irritation, health care associated infections, and threat to the patient safety. Global medical device reprocessing market is expected to grow significantly during the forecasted period (2017 – 2023).
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Reprocessed medical devices are usually cheaper than the new medical devices. Hospitals and other end users are able to save a huge sum due to the medical device reprocessing.
Other key advantages of medical device reprocessing are reduction in hospital waste which leads to clean environment, and less diseases and infections.
The global medical device reprocessing market is highly regulated by the regulators such as U.S. Food and Drug Administration (USFDA), European Medicines Agency (EMA), China Food and Drug Administration (CFDA) and Japan Pharmaceutical Manufacturers Association (JPMA).
Global medical device reprocessing market is expected to grow significantly during the forecast period. The major factors driving growth of the global medical device reprocessing market are low prices of reprocessed medical devices, and pressure to reduce volume of regulated medical waste.
The cost of reprocessed medical devices significantly lower than new medical devices, which is increasing the adoption of reprocessed medical devices among its end users. The lower cost of the instrument also decreases the cost of the treatment which makes the treatment of different chronic diseases affordable for patients.
Geographically, North America was the largest market for medical device reprocessing in 2016, followed by Europe. The North American medical device reprocessing market is primarily driven by the presence of the key established players, USFDA approval for the reprocessing of many medical devices, high expenditure on healthcare, and prevalence of many chronic diseases.
Some of the other key players in the global medical device reprocessing market are Stryker Corporation, Vanguard AG, Medtronic plc, Pioneer Medical Devices AG, HYGIA Health Services, Inc., SureTek Medical, Centurion Medical Products Corporation, Vascular Solutions, Inc., SteriPro Canada, Inc., and Johnson & Johnson.
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