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MEDICAL DEVICE REPROCESSING

Global Market Trajectory & Analytics

MCP13215

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  •  DATE

    JULY 2020

  •  TABLES

    105

  •  PAGES

    181

  •  EDITION

    6

  •  PRICE

    USD $4950

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Medical Device Reprocessing estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 15.8% over the period 2020-2027.Reprocessing Support & Services, one of the segments analyzed in the report, is projected to grow at a 15.4% CAGR to reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reprocessed Medical Device segment is readjusted to a revised 16.5% CAGR for the next 7-year period. This segment currently accounts for a 35.5% share of the global Medical Device Reprocessing market.
The Medical Device Reprocessing market in the U.S. is estimated at US$322.2 Million in the year 2020. The country currently accounts for a 29.58% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$529.4 Million in the year 2027 trailing a CAGR of 15.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.1% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR while Rest of European market (as defined in the study) will reach US$529.4 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 181-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Centurion Medical Products; Johnson & Johnson (Sterilmed Inc.); Medline Renewal; Medtronic PLC; Pioneer Medical Devices AG; Renu Medical, Inc.; Steripro Canada; Stryker Corporation; SureTek Medical; Vanguard AG; Vascular Solutions, Inc.
» Application (Cardiology, Gastroenterology, Urology, & Gynecology, Arthroscopy & Orthopedic Surgery, General Surgery & Anesthesia) » Product & Service (Reprocessing Support & Services, Reprocessed Medical Device)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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