Reprocessing and Reuse of Single Use Medical Devices Market, by Product Type (Class I (Tourniquet Cuffs, Pulse Oximeters Sensors, Sequential Compression Sleeves, and Others), and Class II (Endoscope, Diagnostic Ultrasound Catheter, Laparoscope, Trocar, an

Reprocessing and Reuse of Single Use Medical Devices Market, by Product Type (Class I (Tourniquet Cuffs, Pulse Oximeters Sensors, Sequential Compression Sleeves, and Others), and Class II (Endoscope, Diagnostic Ultrasound Catheter, Laparoscope, Trocar, and Others)), by Application (Cardiology, Gastroenterology, Orthopedic, General Surgery, and Others), by End User (Hospitals/Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Various public and private organizations are taking initiatives to reduce medical wastes, which is expected to drive the growth of global reprocessing and reuse of single use medical devices market over the forecast period. For instance, Practice Greenhealth, a non-profit organization, started a new initiative 'Greening the OR' in order to reduce cost, energy use, and waste generated in the hospital operating rooms. This helped the hospitals to save millions of dollars. For instance, in 2017, the U.S. based Cleveland Clinic saved US$ 4 million through this initiative.
Moreover, in 2017, the Japan's Ministry of Health, Labor and Welfare, introduced a scheme to recycle the parts of single-use devices and remanufacture them, in order to reduce the medical waste.

Market Dynamics

Market players are focusing on various inorganic strategies such as mergers and acquisitions, which is expected to augment the growth of global reprocessing and reuse of single use medical devices market over the forecast period. For instance, in September 2018, Vanguard AG completed the acquisition of Saxony-Anhalt plant of Pioneer Medical Devices AG, a medical device reprocessing company in order to continue the business operations of the reprocessing service and strengthen the sales and production operations in Aschersleben, Germany.
Similarly, in August 2019, Innovative Health entered into a partnership with Northeast Scientific, a U.S.-based medical device reprocessing company, to increase the cost savings of customers of both companies.

Key features of the study:
This report provides an in-depth analysis of global reprocessing and reuse of single use medical devices market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global reprocessing and reuse of single use medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Stryker Corporation, Medline Industries, Inc., Suretek Medical, Renu Medical Inc., Johnson & Johnson, Northeast Scientific Inc., Medtronic Plc, Steripro Canada, Vanguard AG, Innovative Health, Verathon Inc., and Hogy Medical Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global reprocessing and reuse of single use medical devices market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global reprocessing and reuse of single use medical devices market
Detailed Segmentation:
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
Global Reprocessing and Reuse of Single Use Medical Devices Market, By Region:
North America
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
U.S.
Canada
Latin America
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
Asia Pacific
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Class I
Tourniquet Cuffs
Pulse Oximeters
Sequential Compression Sleeves
Others
Class II
Endoscope
Diagnostic Ultrasound Catheter
Laparoscope
Trocar
Others
By Application:
Cardiology
Gastroenterology
Orthopedic
General Surgery
Others
By End User:
Hospitals/Clinics
Ambulatory Surgical Centers
Others
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Stryker Corporation*
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
Medline Industries, Inc.
Suretek Medical
Renu Medical Inc.
Johnson & Johnson
Northeast Scientific Inc.
Medtronic Plc
Steripro Canada
Vanguard AG
Innovative Health
Verathon Inc.
Hogy Medical Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.