Global reprocessed medical devices market is expected to exhibit significant growth over the forecast period due to factor such as rising significance of medical waste minimization which eradicates environmental concerns. Novel advancements in techniques of testing, inspecting, cleaning & sterilizing the devices reported safe clinical application are also high impact rendering drivers for the market. These methods include utilization of chemical sterilants such as ortho-phthalaldehyde and incorporation of ultrasonic washer. Consequentially, benefits includes greater patient safety, increased reusable cycle time and efficacy are expected to increase demand for the reprocessed medical devices market over the forecast period. The global reprocessed medical devices are divided into the basis of types of devices. These include orthopedic devices, cardiovascular devices, gastroenterology devices, laparoscopic devices and general surgery. Cardiovascular devices are further segregated into blood pressure cuffs, cardiac stabilization devices, electrophysiology cables diagnostic electrophysiology catheters, positioning devices and Deep Vein Thrombosis (DVT) compression sleeves.
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Laparoscopic devices are segmented into harmonic scalpels and endoscopic components. General surgery devices are further categorized into balloon inflation devices and infusion pressure bags. Gastroenterology reprocessed devices are further segmented into external fixation devices and biopsy forceps. As of 2014, cardiovascular reprocessed devices segment held the largest share of the market as a consequence of increasing prevalence of cardiovascular diseases. Laparoscopy reprocessed devices segment is expected to be the fastest growing over the forecast period due to the rising popularity of minimally invasion devices.
As of 2014, North America dominated the reprocessed medical devices market as a consequence of high inclination towards cost reduction. Moreover, sophisticated healthcare infrastructure, high disposable income and increasing awareness of environmental hazards are responsible for the growth of reprocessed medical devices market in this region. Asia Pacific region is anticipated to be the fastest growing over the forecast period due to propelling factors such as advancing healthcare infrastructure and increasing disposable income.
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