Articles

This Is Why This Year Will Be The Year Of Medical Device Reprocessing Market

by Sasha Sharma Industry Analyst | Blogger
The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.

The global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022. Base year considered for the report is 2016.

The growth of this market is majorly driven by the increased utilization of the low priced reprocessed medical devices as compared to new devices, increased efforts towards reducing regulated medical waste (RMW), and rising number of surgical procedures associated with the growing prevalence of chronic diseases. However, the risk of transmission of surgical site infections associated with the use of reprocessed devices may hinder the growth of the market to a certain extent.

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Application of Medical Device Reprocessing Market:

1. Catheters
2. Gastroenterology, Urology, and Gynecology
3. Arthroscopy and Orthopedic Surgery
4. General Surgery and Anesthesia

The key factors driving the growth of this market include the low prices of reprocessed devices as compared to new ones and the pressure to reduce the volume of medical waste generated.

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About Sasha Sharma Advanced   Industry Analyst | Blogger

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Joined APSense since, June 2nd, 2020, From Northbrook, United States.

Created on Jun 8th 2020 05:17. Viewed 308 times.

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