The medical device reprocessing market size has grown rapidly in recent years. It will grow from $2.09 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth observed in the historic period can be attributed to several factors, including pressures for cost containment, regulatory evolution, heightened environmental awareness, the demand for alternatives to single-use devices, and constraints within hospital budgets.
The medical device reprocessing market size is expected to see rapid growth in the next few years. It will grow to $4.28 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for sustainable practices, patterns in global healthcare spending, a growing emphasis on value-based care, expansion in emerging markets, and heightened consumer confidence and acceptance. Notable trends expected in the forecast period encompass advanced disinfection techniques, innovations in sustainable packaging and materials, initiatives promoting the circular economy, the adoption of hybrid reprocessing models, and a focus on remote reprocessing technologies.
The growth of the medical device reprocessing market is expected to be propelled by an increase in surgical procedures. Surgical procedures involve medical interventions that include making incisions and using tools to treat or repair diseases in a living body. Reprocessing, in this context, involves the removal of blood, tissue, and other biological waste from equipment, along with the inactivation of infectious microorganisms, ensuring that the equipment is clean and safe for subsequent use by other patients. For example, in 2022, the British Heart Foundation reported an increase in transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI) surgical procedures in the UK, rising from 5676 in 2019/20 to 6328 in 2020/21. This surge in surgical procedures is a key driver for the growth of the medical device reprocessing market.
The rising prevalence of chronic diseases is expected to contribute significantly to the growth of the medical device reprocessing market. Chronic diseases, characterized by long-term conditions that require ongoing medical attention and can limit daily activities, often lead to substantial healthcare costs. Reprocessing medical devices instead of discarding them after each use presents a cost-effective solution for both patients and healthcare institutions. For instance, in 2022, the Centers for Disease Control and Prevention reported that diabetes affects approximately 37.3 million Americans or 11.3% of the population. Moreover, in July 2022, the same organization highlighted that six out of ten adults in the U.S. have chronic diseases, with four out of ten adults suffering from more than two chronic conditions such as chronic lung disease, heart disease, stroke, and diabetes. Therefore, the rising prevalence of chronic diseases is identified as a significant factor driving the growth of the medical device reprocessing market.
Technological advancements emerge as a prominent trend gaining traction in the medical device reprocessing market, with major companies strategically adopting new technologies to maintain their positions. For example, in June 2022, Getinge, a Sweden-based medical technology company, launched an updated version of its endoscope washer-disinfector, the ED-Flow automated endoscope reprocessor. This innovation offers customers enhanced digital connectivity and data management, leading to increased uptime and productivity. The ED-Flow utilizes traceability software, T-DOC, efficiently handling flexible endoscope leak testing, cleaning, and high-level disinfection, delivering practical and reliable outcomes.
Major players in the medical device reprocessing market are focusing on strategic partnerships to enhance their market presence. An example of this is the partnership between AA Medical, a US-based provider of sustainable solutions for medical devices, and Tekyard, a US-based healthcare asset management company, along with Zantek Medical, a US-based biomed medical device reprocessing company. This collaboration is expected to accelerate AA Medical's long-term growth plan and contribute to its goal of becoming the premier technology-driven medical equipment platform in the United States.
In June 2021, STERIS PLC, an Ireland-based medical equipment company, acquired Cantel Medical for an undisclosed amount. This strategic move is designed to enhance and broaden STERIS's endoscopy capabilities by incorporating a complete line of consumables for high-level disinfection, capital goods, services, and new single-use accessories. Cantel Medical, the acquired company, is a US-based medical equipment company specializing in providing reprocessing equipment for the high-level disinfection of endoscopes and accessories.
Major companies operating in the medical device reprocessing market report are Cardinal Health, Johnson & Johnson Services Inc., Abbott, Medtronic PLC, Danaher, Hill-Rom Holdings Inc., Fresenius Medical Care, Medline Industries Inc., Stryker Corporation, GE Healthcare, Boston Scientific, Fujifilm Medical Systems, Zimmer Biomet, Olympus Corporation, Intuitive Surgical, Hologic, STERIS Healthcare, Getinge AB, Teleflex Inc., Centurion Medical Inc., Vanguard AG, SteriPro, Medivators Inc., Hygia Healthcare LLC, Innovative Health, LUMITOS AG, SureTek Medical, 3M Health Care, ArjoHuntleigh, Northeast Scientific.
North America was the largest region in the medical device reprocessing market in 2023. Europe is expected to be the fastest-growing region in the medical device reprocessing market report during the forecast period. The regions covered in the medical device reprocessing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical device reprocessing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
There are two main types of medical device reprocessing, reprocessing support and services, and reprocessing medical devices. Reprocessing support and services encompass the assistance and resources provided to healthcare facilities or companies engaged in the reprocessing of medical devices. The device categories involved in this process are critical devices, semi-critical devices, and non-critical devices. These devices find applications in various medical fields, including cardiology, gastroenterology, gynecology, orthopedics, general surgery, and others. They are utilized by different end-users such as hospitals, ambulatory service centers, and home healthcare.
The medical device reprocessing market research report is one of a series of new reports that provides medical device reprocessing market statistics, including medical device reprocessing industry global market size, regional shares, competitors with a medical device reprocessing market share, detailed medical device reprocessing market segments, market trends and opportunities, and any further data you may need to thrive in the medical device reprocessing industry. This medical device reprocessing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical device reprocessing market consists of revenues earned by entities by providing sterilizing, disinfecting, as well as evaluation and restoration of the used devices. The market value includes the value of related goods sold by the service provider or included within the service offering. The medical device reprocessing market also includes sales of surgical forceps, endoscopes, stethoscopes, catheters, and laryngoscopes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The medical device reprocessing market size is expected to see rapid growth in the next few years. It will grow to $4.28 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for sustainable practices, patterns in global healthcare spending, a growing emphasis on value-based care, expansion in emerging markets, and heightened consumer confidence and acceptance. Notable trends expected in the forecast period encompass advanced disinfection techniques, innovations in sustainable packaging and materials, initiatives promoting the circular economy, the adoption of hybrid reprocessing models, and a focus on remote reprocessing technologies.
The growth of the medical device reprocessing market is expected to be propelled by an increase in surgical procedures. Surgical procedures involve medical interventions that include making incisions and using tools to treat or repair diseases in a living body. Reprocessing, in this context, involves the removal of blood, tissue, and other biological waste from equipment, along with the inactivation of infectious microorganisms, ensuring that the equipment is clean and safe for subsequent use by other patients. For example, in 2022, the British Heart Foundation reported an increase in transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI) surgical procedures in the UK, rising from 5676 in 2019/20 to 6328 in 2020/21. This surge in surgical procedures is a key driver for the growth of the medical device reprocessing market.
The rising prevalence of chronic diseases is expected to contribute significantly to the growth of the medical device reprocessing market. Chronic diseases, characterized by long-term conditions that require ongoing medical attention and can limit daily activities, often lead to substantial healthcare costs. Reprocessing medical devices instead of discarding them after each use presents a cost-effective solution for both patients and healthcare institutions. For instance, in 2022, the Centers for Disease Control and Prevention reported that diabetes affects approximately 37.3 million Americans or 11.3% of the population. Moreover, in July 2022, the same organization highlighted that six out of ten adults in the U.S. have chronic diseases, with four out of ten adults suffering from more than two chronic conditions such as chronic lung disease, heart disease, stroke, and diabetes. Therefore, the rising prevalence of chronic diseases is identified as a significant factor driving the growth of the medical device reprocessing market.
Technological advancements emerge as a prominent trend gaining traction in the medical device reprocessing market, with major companies strategically adopting new technologies to maintain their positions. For example, in June 2022, Getinge, a Sweden-based medical technology company, launched an updated version of its endoscope washer-disinfector, the ED-Flow automated endoscope reprocessor. This innovation offers customers enhanced digital connectivity and data management, leading to increased uptime and productivity. The ED-Flow utilizes traceability software, T-DOC, efficiently handling flexible endoscope leak testing, cleaning, and high-level disinfection, delivering practical and reliable outcomes.
Major players in the medical device reprocessing market are focusing on strategic partnerships to enhance their market presence. An example of this is the partnership between AA Medical, a US-based provider of sustainable solutions for medical devices, and Tekyard, a US-based healthcare asset management company, along with Zantek Medical, a US-based biomed medical device reprocessing company. This collaboration is expected to accelerate AA Medical's long-term growth plan and contribute to its goal of becoming the premier technology-driven medical equipment platform in the United States.
In June 2021, STERIS PLC, an Ireland-based medical equipment company, acquired Cantel Medical for an undisclosed amount. This strategic move is designed to enhance and broaden STERIS's endoscopy capabilities by incorporating a complete line of consumables for high-level disinfection, capital goods, services, and new single-use accessories. Cantel Medical, the acquired company, is a US-based medical equipment company specializing in providing reprocessing equipment for the high-level disinfection of endoscopes and accessories.
Major companies operating in the medical device reprocessing market report are Cardinal Health, Johnson & Johnson Services Inc., Abbott, Medtronic PLC, Danaher, Hill-Rom Holdings Inc., Fresenius Medical Care, Medline Industries Inc., Stryker Corporation, GE Healthcare, Boston Scientific, Fujifilm Medical Systems, Zimmer Biomet, Olympus Corporation, Intuitive Surgical, Hologic, STERIS Healthcare, Getinge AB, Teleflex Inc., Centurion Medical Inc., Vanguard AG, SteriPro, Medivators Inc., Hygia Healthcare LLC, Innovative Health, LUMITOS AG, SureTek Medical, 3M Health Care, ArjoHuntleigh, Northeast Scientific.
North America was the largest region in the medical device reprocessing market in 2023. Europe is expected to be the fastest-growing region in the medical device reprocessing market report during the forecast period. The regions covered in the medical device reprocessing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical device reprocessing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
There are two main types of medical device reprocessing, reprocessing support and services, and reprocessing medical devices. Reprocessing support and services encompass the assistance and resources provided to healthcare facilities or companies engaged in the reprocessing of medical devices. The device categories involved in this process are critical devices, semi-critical devices, and non-critical devices. These devices find applications in various medical fields, including cardiology, gastroenterology, gynecology, orthopedics, general surgery, and others. They are utilized by different end-users such as hospitals, ambulatory service centers, and home healthcare.
The medical device reprocessing market research report is one of a series of new reports that provides medical device reprocessing market statistics, including medical device reprocessing industry global market size, regional shares, competitors with a medical device reprocessing market share, detailed medical device reprocessing market segments, market trends and opportunities, and any further data you may need to thrive in the medical device reprocessing industry. This medical device reprocessing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical device reprocessing market consists of revenues earned by entities by providing sterilizing, disinfecting, as well as evaluation and restoration of the used devices. The market value includes the value of related goods sold by the service provider or included within the service offering. The medical device reprocessing market also includes sales of surgical forceps, endoscopes, stethoscopes, catheters, and laryngoscopes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Medical Device Reprocessing Market Characteristics3. Medical Device Reprocessing Market Trends and Strategies32. Global Medical Device Reprocessing Market Competitive Benchmarking33. Global Medical Device Reprocessing Market Competitive Dashboard34. Key Mergers and Acquisitions in the Medical Device Reprocessing Market
4. Medical Device Reprocessing Market - Macro Economic Scenario
5. Global Medical Device Reprocessing Market Size and Growth
6. Medical Device Reprocessing Market Segmentation
7. Medical Device Reprocessing Market Regional and Country Analysis
8. Asia-Pacific Medical Device Reprocessing Market
9. China Medical Device Reprocessing Market
10. India Medical Device Reprocessing Market
11. Japan Medical Device Reprocessing Market
12. Australia Medical Device Reprocessing Market
13. Indonesia Medical Device Reprocessing Market
14. South Korea Medical Device Reprocessing Market
15. Western Europe Medical Device Reprocessing Market
16. UK Medical Device Reprocessing Market
17. Germany Medical Device Reprocessing Market
18. France Medical Device Reprocessing Market
19. Italy Medical Device Reprocessing Market
20. Spain Medical Device Reprocessing Market
21. Eastern Europe Medical Device Reprocessing Market
22. Russia Medical Device Reprocessing Market
23. North America Medical Device Reprocessing Market
24. USA Medical Device Reprocessing Market
25. Canada Medical Device Reprocessing Market
26. South America Medical Device Reprocessing Market
27. Brazil Medical Device Reprocessing Market
28. Middle East Medical Device Reprocessing Market
29. Africa Medical Device Reprocessing Market
30. Medical Device Reprocessing Market Competitive Landscape and Company Profiles
31. Medical Device Reprocessing Market Other Major and Innovative Companies
35. Medical Device Reprocessing Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Medical Device Reprocessing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on medical device reprocessing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for medical device reprocessing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Reprocessing support and Services; Reprocessing Medical Devices
2) By Device Category: Critical Devices; Semi-Critical Devices; Non-Critical Devices
3) By Application: Cardiology; Gastroenterology; Gynecology; Orthopedic; General Surgery; Other Applications
4) By End-Use: Hospital; Ambulatory Service Centers; Home Healthcare
Key Companies Mentioned: Cardinal Health; Johnson & Johnson Services Inc.; Abbott; Medtronic PLC; Danaher
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Cardinal Health
- Johnson & Johnson Services Inc.
- Abbott
- Medtronic PLC
- Danaher
- Hill-Rom Holdings Inc.
- Fresenius Medical Care
- Medline Industries Inc.
- Stryker Corporation
- GE Healthcare
- Boston Scientific
- Fujifilm Medical Systems
- Zimmer Biomet
- Olympus Corporation
- Intuitive Surgical
- Hologic
- STERIS Healthcare
- Getinge AB
- Teleflex Inc.
- Centurion Medical Inc.
- Vanguard AG
- SteriPro
- Medivators Inc.
- Hygia Healthcare LLC
- Innovative Health
- LUMITOS AG
- SureTek Medical
- 3M Health Care
- ArjoHuntleigh
- Northeast Scientific
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 2.41 Billion |
| Forecasted Market Value ( USD | $ 4.28 Billion |
| Compound Annual Growth Rate | 15.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
