Reprocessed Medical Devices Market Best Workable Strategy That Will Help to Boost your Revenue Till 2028

The Reprocessed Medical Devices Market is projected to reach US$ 5,653.87 million by 2028 from US$ 2,087.36 million in 2021; it is expected to grow at a CAGR of 15.3% from 2021 to 2028.

Rising importance of medical waste minimization and growing use of reprocessed single-use devices drive the growth of the reprocessed medical devices market. However, the limitations of reprocessed medical devices and stringent regulatory requirements hampers the market growth.

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Analysis of the Top Market Players:

1. Medline Industries, LP
2. Arjo
3. Currie Medical Specialities, Inc.
4. Stryker
5. Innovative Health
6. Teleflex Incorporated
7. Johnson and Johnson
8. 3M
9. STERIS
10. Cardinal Health
11. Vanguard AG

In this report, the market has been segmented on the basis of:

Product
• Cardiovascular Medical Devices
• General Surgery Medical Devices
• Laparoscopic Medical Devices
• Orthopedic External Fixation Devices
• Gastroenterology Biopsy Forceps
• Non-Invasive Devices

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he usage of reprocessed single-use devices (SUDs) has grown as a common practice worldwide. 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.

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