In the report, titled “Reprocessed Medical Devices Market: Industry Analysis and Opportunity Assessment in Asia-Pacific, 2017-2027“, Future Market Insights has compiled several factors that impact the dynamics of Asia-Pacific Reprocessed Medical Devices Market. The increasing attention of government authorities towards the medical waste spill or biowaste should promote the reprocessing of medical devices.

Market Insights’ recent report on the reprocessed medical device market in the Asia-Pacific region projects that in 2017 and beyond, Japan, China and Southeast Asia will collectively be over 60% of turnover share of the global market.

The report estimates that the market for reprocessed medical devices in Asia Pacific is currently valued at 236.9 million US dollars. On a forecast period of ten years, the market is expected to grow at a CAGR of 15.7% and yield a little over 1 billion US dollars by the end of 2027.

Medical device manufacturers constantly strive to control the costs of their products to achieve greater sales. Reprocessed medical devices thus become the most feasible option for manufacturers and end users (hospitals). Availability of cheap reprocessed medical devices coupled with assurance of qualitative production has also boosted the market growth to a considerable extent.

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Cardiology devices are reprocessed at a higher rate

The report reveals that in 2016, more than 100 million US dollars of reprocessed medical devices have proven to be used in the field of cardiology. Demand for retirees cardiology devices should continue to increase in the coming years, registering CAGR of revenues was higher by 18.4%.

Reprocessing will also gain traction among laparoscopic tools and devices, whose revenues are expected to reach US$111 million by the end of 2027. Meanwhile, orthopedic or arthroscopic appliances, gastroenterology devices, ENT and other similar medical devices will show relatively steady growth in revenue.

The main highlights of the research results are as follows:

• By the end of 2027, a retired medical device on two sold in Asia Pacific will be classified as semi-critical medical devices. This indicates that the reprocessing demand is higher for semi-critical medical devices, as opposed to critical or non-critical medical devices.
• The most common method of reprocessing of medical devices, observed throughout the Asia-Pacific region is probably the reprocessing by third parties. Third parties who assist drug manufacturers in reprocessing activities serve consolidator in the market for reprocessed medical devices in Asia Pacific.
• The report identified hospitals as the largest end user of reprocessed medical devices in Asia Pacific. Similarly, diagnosis and ASC centers also contribute significantly, posting revenue growth of over 11% CAGR.

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In addition, the report has profiled major manufacturers of Reprocessing Medical Devices operating in the Asia-Pacific region. Companies such as Stryker Sustainability, Medline Renewal, Hygia Health Services, Inc., CLEANPART HEALTHCARE, ReNu Medical, Inc., Medical and SureTek NEScientific.

The key segments of this market are:

By country

• Australia
• New Zealand
• China
• India
• South East Asia
• Japan
• Rest of Asia-Pacific

By product type

• Gastroenterology devices
• Cardiology devices
• Laparoscopy devices
• Orthopedic/arthroscopic appliances
• ENT devices
• Others
  • Pulse oximetry sensors
  • Ultrasound catheters

By Rank

• Critical
• Semi-critical
• Not critical

By reprocessing method

• internally
• Assisted by a third party
• Non-Compliant Reprocessors

Per end user

• Hospitals
• Diagnostic centers
• Ambulatory surgery centers

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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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