Global Medical Device Reprocessing Industry

Global Medical Device Reprocessing Industry

  • October 2019 •
  • 137 pages •
  • Report ID: 5799068 •
  • Format: PDF
Medical Device Reprocessing market worldwide is projected to grow by US$1.8 Billion, driven by a compounded growth of 16.7%. Reprocessing Support & Services, one of the segments analyzed and sized in this study, displays the potential to grow at over 16.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.7 Billion by the year 2025, Reprocessing Support & Services will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 17.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$70.2 Million to the region’s size and clout in the next 5 to 6 years. Over US$86.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Reprocessing Support & Services will reach a market size of US$124.8 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16.4% over the next couple of years and add approximately US$317.6 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- 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.