Asia Pacific Reprocessed Medical Devices Market valuation close to US$ 700 Mn by 2027

Future Market Insights’ recent report on the reprocessed medical devices market in Asia-Pacific region projects that in 2017 and beyond, Japan, China and Southeast Asia will collectively account for more than 60% share of overall market revenues. The report estimates that reprocessed medical devices market in Asia-Pacific is presently valued at US$ 236.9 Mn. In a ten-year forecast period, the market is being projected to expand at 15.7% CAGR and bring in a little over US$ 1 Bn by the end of 2027.

Rising focus of government authorities towards dumping of medical waste or biowaste is slated to promote the reprocessing of medical devices. Manufacturers of medical devices are continuously striving to control their product costs for recording greater sales. Reprocessed medical devices, thus, become the most feasible option for both, manufacturers and end-users (hospitals). Availability of reprocessed medical devices at low prices, coupled with assurance of qualitative production, has also prompted the market’s growth to a considerable extent.

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Cardiology Devices Getting Reprocessed at Higher Rate

The report reveals that in 2016, more than US$ 100 Mn worth of reprocessed medical devices turned out to be used in the field of cardiology. Demand for reprocessed cardiology devices is expected to continue surging in the years to come, registering the highest revenue CAGR of 18.4%. Reprocessing will also gain traction among laparoscopic tools & devices, revenues from which are predicted to reach US$ 111 Mn by 2027-end. Meanwhile, orthopaedic or arthroscopic devices, gastroenterology devices, ENT devices and other such medical devices will be showcasing a comparatively steady growth in terms of revenues.

Key highlights from the research findings are as follows:

• By the end of 2027, one of every two reprocessed medical devices sold in Asia-Pacific will be classified under semi-critical medical devices. This indicates that demand for reprocessing is higher for semi-critical medical devices, as opposed to critical or non-critical medical devices.
• The most prominent method of reprocessing medical devices, observed across Asia-Pacific, is likely to be third-party reprocessing. Third parties assisting drugmakers in reprocessing businesses is serving as a consolidator for Asia-Pacific’s reprocessed medical devices market.
• The report has identified hospitals as the largest end-user of reprocessed medical devices in Asia-Pacific. Similarly, diagnostic centres and ASCs will also contribute significantly, by exhibiting revenues growth at more than 11% CAGR.

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-ap-3211

Furthermore, the report has profiled leading reprocessed medical device manufacturers partaking in the Asia-Pacific region. Companies such as Stryker Sustainability, Medline ReNewal, Hygia Health Services, Inc., CLEANPART HEALTHCARE, ReNu Medical, Inc., SureTek Medical, and NEScientific.  

The key segments in this market are as follows:

By Product Type

• Gastroenterology Devices
• Cardiology Devices
• Laparoscopy Devices
• Orthopaedic/Arthroscopic Devices
• ENT Devices
• Others
  • Pulse Oximetry Sensors
  • Ultrasound Catheters

By Classification

• Critical
• Semi-Critical
• Non-Critical

By Reprocessing Method

• In-House
• Third Party Assisted
• Non-Compliant Reprocessors

By End User

• Hospitals
• Diagnostic Centres
• Ambulatory Surgical Centres

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Explore FMI’s Extensive ongoing Coverage on Healthcare Domain

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Future Market Insights’ recent report on the reprocessed medical devices market in Asia-Pacific region projects that in 2017 and beyond, Japan, China and Southeast Asia will collectively account for more than 60% share of overall market revenues. The report estimates that reprocessed medical devices market in Asia-Pacific is presently valued at US$ 236.9 Mn. In a ten-year forecast period, the market is being projected to expand at 15.7% CAGR and bring in a little over US$ 1 Bn by the end of 2027.

Rising focus of government authorities towards dumping of medical waste or biowaste is slated to promote the reprocessing of medical devices. Manufacturers of medical devices are continuously striving to control their product costs for recording greater sales. Reprocessed medical devices, thus, become the most feasible option for both, manufacturers and end-users (hospitals). Availability of reprocessed medical devices at low prices, coupled with assurance of qualitative production, has also prompted the market’s growth to a considerable extent.

Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-ap-3211

Cardiology Devices Getting Reprocessed at Higher Rate

The report reveals that in 2016, more than US$ 100 Mn worth of reprocessed medical devices turned out to be used in the field of cardiology. Demand for reprocessed cardiology devices is expected to continue surging in the years to come, registering the highest revenue CAGR of 18.4%. Reprocessing will also gain traction among laparoscopic tools & devices, revenues from which are predicted to reach US$ 111 Mn by 2027-end. Meanwhile, orthopaedic or arthroscopic devices, gastroenterology devices, ENT devices and other such medical devices will be showcasing a comparatively steady growth in terms of revenues.

Key highlights from the research findings are as follows:

• By the end of 2027, one of every two reprocessed medical devices sold in Asia-Pacific will be classified under semi-critical medical devices. This indicates that demand for reprocessing is higher for semi-critical medical devices, as opposed to critical or non-critical medical devices.
• The most prominent method of reprocessing medical devices, observed across Asia-Pacific, is likely to be third-party reprocessing. Third parties assisting drugmakers in reprocessing businesses is serving as a consolidator for Asia-Pacific’s reprocessed medical devices market.
• The report has identified hospitals as the largest end-user of reprocessed medical devices in Asia-Pacific. Similarly, diagnostic centres and ASCs will also contribute significantly, by exhibiting revenues growth at more than 11% CAGR.

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-ap-3211

Furthermore, the report has profiled leading reprocessed medical device manufacturers partaking in the Asia-Pacific region. Companies such as Stryker Sustainability, Medline ReNewal, Hygia Health Services, Inc., CLEANPART HEALTHCARE, ReNu Medical, Inc., SureTek Medical, and NEScientific.  

The key segments in this market are as follows:

By Product Type

• Gastroenterology Devices
• Cardiology Devices
• Laparoscopy Devices
• Orthopaedic/Arthroscopic Devices
• ENT Devices
• Others
  • Pulse Oximetry Sensors
  • Ultrasound Catheters

By Classification

• Critical
• Semi-Critical
• Non-Critical

By Reprocessing Method

• In-House
• Third Party Assisted
• Non-Compliant Reprocessors

By End User

• Hospitals
• Diagnostic Centres
• Ambulatory Surgical Centres

Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/3211

Explore FMI’s Extensive ongoing Coverage on Healthcare Domain

Exosomes Diagnostic and Therapeutic Market: The Exosomes Diagnostic and Therapeutic Market is estimated at USD 58.6 million in 2022 and is projected to reach USD 175.4 million by 2028, growing at a CAGR of 20.0% during the forecast period (2022-2028).

GCC Medical Gloves Market: The GCC Medical Gloves Market was valued at US$ 145.0 Mn in 2020. Expanding at a 7.9% CAGR, the market valuation is projected to reach US$ 340.3 Mn by 2031.

Widefield Imaging Systems Market: The global Widefield Imaging Systems Market was valued at US$ 514.6 Mn in 2020 and is expected to reach US$ 1.3 Bn by 2031, finds Future Market Insights (FMI) in a recent market survey.

Contact Us:

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com