Single-Use Medical Devices Reprocessing Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Single-Use Medical Devices Reprocessing Market is segmented By Device Type (Class II Devices, Class I Devices) By Application (General Surgery, Cardiology, Orthopedics, Gastroenterology, Others) By End User (Hospitals, Ambulatory Surgical Centers, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Single-Use Medical Devices Reprocessing Market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing with a CAGR of YY% during the forecast period 2024-2031.

Single-use medical device reprocessing entails disinfecting, cleaning, sterilising, packaging, labelling, and storing a used or opened medical device package to be placed into service again. Single-use medical devices can be reprocessed within healthcare organizations or by outside vendors, also known as third-party reprocessors.

Market Scope

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Market Dynamics: Drivers and Restraints

Cost savings through reprocessing single-use devices

Reprocessing single-use medical devices has been witnessed as an increased cost-saving measure and has been a common practice in medical rooms and healthcare institutions for many years. 

For instance, according to an article published in June 2020, titled "Is cost-saving and sustainability putting patients at risk through reprocessed single-use medical devices" the cost to reprocess a single-use device is approximately half that of purchasing a new device cost savings for healthcare facilities that reprocess SUDs are significant. Thus, there is a massive opportunity for cost-saving through reprocessing single-use medical devices, which is a significant driving factor for the growth of the studied market across the world. 

Furthermore, the single-use medical devices reprocessing market is also driven by various other factors like the rise in demand for healthcare services, stringent regulatory procedures and others that help the market to grow during the forecast period.

Restraint

The global single-use medical devices reprocessing market is hampered by various factors like as cross-infection with reprocessed devices is the one of factor. For instance, in April 2021, The US FDA investigated reports of potential contamination issues in reprocessing single-use medical devices, including urological endoscopes, cystoscopes, ureteroscopes, and cystourethroscopy, due to concerns about material alteration and cross-infection. This has led to a decrease in the usage and adoption of these devices, affecting the overall market and patient safety. 

Segment Analysis

The global single-use medical devices reprocessing market is segmented based on device type, application, end-user and region.

The Class  II devices from the device type segment accounted for approximately 54.7% of the single-use medical devices reprocessing market share

The Class  II devices from the Device Type segment accounted for approximately 54.7% and is expected to dominate during the forecast period. Sequential compression sleeves are the largest market share in class II devices, designed to increase venous blood flow in patients with deep vein thrombosis and pulmonary embolism. These reusable devices can withstand cleaning and sterilization, ensuring their quality and effectiveness. Hospitals are estimated to save nearly USD 300,000 by reprocessing compression sleeves.

Geographical Analysis

North America accounted for approximately 38.4% of the market share in 2022

North America is estimated to hold about 38.4% of the total market share throughout the forecast period owing to the factors like regulatory pressure to reduce medical waste volume, increased acceptance of reprocessed single-use devices and significant cost savings from using reprocessed single-used devices (SUD) Also the rising chronic disease prevalence in the United States has significantly increased surgical procedures in recent years. 

Furthermore, with technological advances, companies have developed more sophisticated and complex devices using appropriate materials to stand up to the steam sterilization method. For instance, in August 2021, Boston Scientific received an FDA nod for a single-use bronchoscope, an effective reprocessing of reusable bronchoscope after a procedure that makes the devices safe for use on other patients. Thus, considering the factors mentioned above the North American region is expected to have the highest market share during the forecast period. 

COVID-19 Impact Analysis

COVID-19 caused significant global health concerns, impacting communities, industries, businesses, and lives. It impacted the single-use medical device reprocessing market due to high SARS-CoV-2 virus infectivity. Additionally, postponements of surgical procedures reduced the use of single-use surgical instruments like scissors, forceps, pliers, needle holders, and curettes. 

Competitive Landscape

The major global players in the market include Stryker Corporation, SureTek Medical, Medline Industries Inc., NEScientific Inc, Innovative Health, Renu Medical (Arjo), Sterimedix, Teleflex Incorporated, Cardinal Health (sustainable technologies), Vanguard AG and among others.

Key Developments

• In February 2023, Northeast Scientific Inc. received FDA 510(k) clearance for reprocessing the Philips IVUS Eagle Eye Platinum RX Digital catheter. With the launch of this product, considerable savings to Office-Based Labs and Hospital Cath Labs across the United States is likely to be achieved.
• In June 2022, The Association of Medical Device Reprocessors launched 'Global Regulatory Standards for 'Single-Use' Medical Device Reprocessing and Remanufacturing,' the first roadmap to help Notified Bodies, Ministries of Health, and regulatory authorities of medical devices to unlock these benefits for hospitals and health systems worldwide.

Why Purchase the Report?

• To visualize the global single-use medical devices reprocessing market segmentation based on device type, application, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of single-use medical devices reprocessing market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global single-use medical devices reprocessing market report would provide approximately 69 tables, 70 figures and 183 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies