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Asia Pacific Reprocessed Medical Devices Market projected to expand at 15.7% CAGR, 2017-2027

Future Market Insights’ recent report on the reprocessed medical devices market in Asia-Pacific region projects that in 2017 and beyond, Japan, China and Southeast Asia will collectively account for more than 60% share of overall market revenues. The report estimates that reprocessed medical devices market in Asia-Pacific is presently valued at US$ 236.9 Mn. In a ten-year forecast period, the market is being projected to expand at 15.7% CAGR and bring in a little over US$ 1 Bn by the end of 2027. In the report, titled “Reprocessed Medical Devices Market: Asia-Pacific Industry Analysis and Opportunity Assessment, 2017-2027,” Future Market Insights has compiled several factors that are impacting the dynamics of Asia-Pacific’s reprocessed medical devices market. Rising focus of government authorities towards dumping of medical waste or biowaste is slated to promote the reprocessing of medical devices. Manufacturers of medical devices are continuously striving to control their product costs for recording greater sales. Reprocessed medical devices, thus, become the most feasible option for both, manufacturers and end-users (hospitals). Availability of reprocessed medical devices at low prices, coupled with assurance of qualitative production, has also prompted the market’s growth to a considerable extent.

Future Market Insights’ recent report on the reprocessed medical devices market in Asia-Pacific region projects that in 2017 and beyond, Japan, China and Southeast Asia will collectively account for more than 60% share of overall market revenues. The report estimates that reprocessed medical devices market in Asia-Pacific is presently valued at US$ 236.9 Mn. In a ten-year forecast period, the market is being projected to expand at 15.7% CAGR and bring in a little over US$ 1 Bn by the end of 2027.

In the report, titled “Reprocessed Medical Devices Market: Asia-Pacific Industry Analysis and Opportunity Assessment, 2017-2027,” Future Market Insights has compiled several factors that are impacting the dynamics of Asia-Pacific’s reprocessed medical devices market. Rising focus of government authorities towards dumping of medical waste or biowaste is slated to promote the reprocessing of medical devices. Manufacturers of medical devices are continuously striving to control their product costs for recording greater sales. Reprocessed medical devices, thus, become the most feasible option for both, manufacturers and end-users (hospitals). Availability of reprocessed medical devices at low prices, coupled with assurance of qualitative production, has also prompted the market’s growth to a considerable extent.

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<strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> <strong>Market</strong>: <strong>Asia</strong> <strong>Pacific</strong><br />

Industry Analysis and Opportunity Assessment, <strong>2017</strong>–<br />

<strong>2027</strong><br />

April <strong>2017</strong><br />

Report Id : REP-AP-3211<br />

St<strong>at</strong>us : Apr-<strong>2017</strong><br />

C<strong>at</strong>egory : Healthcare, Pharmaceuticals & <strong>Medical</strong> <strong>Devices</strong><br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved


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<strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> <strong>Market</strong><br />

Japan, China & Southeast <strong>Asia</strong>n Countries domin<strong>at</strong>ing <strong>Asia</strong>-<strong>Pacific</strong>’s <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong><br />

<strong>Market</strong><br />

Future <strong>Market</strong> Insights’ recent report on the reprocessed medical devices market in <strong>Asia</strong>-<strong>Pacific</strong> region<br />

projects th<strong>at</strong> in <strong>2017</strong> and beyond, Japan, China and Southeast <strong>Asia</strong> will collectively account for more than<br />

60% share of overall market revenues. The report estim<strong>at</strong>es th<strong>at</strong> reprocessed medical devices market in<br />

<strong>Asia</strong>-<strong>Pacific</strong> is presently valued <strong>at</strong> US$ 236.9 Mn. In a ten-year forecast period, the market is being<br />

<strong>projected</strong> <strong>to</strong> <strong>expand</strong> <strong>at</strong> <strong>15.7%</strong> <strong>CAGR</strong> and bring in a little over US$ 1 Bn by the end of <strong>2027</strong>.<br />

In the report, titled “<strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> <strong>Market</strong>: <strong>Asia</strong>-<strong>Pacific</strong> Industry Analysis and<br />

Opportunity Assessment, <strong>2017</strong>-<strong>2027</strong>,” Future <strong>Market</strong> Insights has compiled several fac<strong>to</strong>rs th<strong>at</strong> are<br />

impacting the dynamics of <strong>Asia</strong>-<strong>Pacific</strong>’s reprocessed medical devices market. Rising focus of government<br />

authorities <strong>to</strong>wards dumping of medical waste or biowaste is sl<strong>at</strong>ed <strong>to</strong> promote the reprocessing of<br />

medical devices. Manufacturers of medical devices are continuously striving <strong>to</strong> control their product costs<br />

for recording gre<strong>at</strong>er sales. <strong>Reprocessed</strong> medical devices, thus, become the most feasible option for both,<br />

manufacturers and end-users (hospitals). Availability of reprocessed medical devices <strong>at</strong> low prices,<br />

coupled with assurance of qualit<strong>at</strong>ive production, has also prompted the market’s growth <strong>to</strong> a<br />

considerable extent.<br />

Cardiology <strong>Devices</strong> Getting <strong>Reprocessed</strong> <strong>at</strong> Higher R<strong>at</strong>e<br />

Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-ap-3211<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4


<strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> <strong>Market</strong><br />

The report reveals th<strong>at</strong> in 2016, more than US$ 100 Mn worth of reprocessed medical devices turned out<br />

<strong>to</strong> be used in the field of cardiology. Demand for reprocessed cardiology devices is expected <strong>to</strong> continue<br />

surging in the years <strong>to</strong> come, registering the highest revenue <strong>CAGR</strong> of 18.4%. Reprocessing will also gain<br />

traction among laparoscopic <strong>to</strong>ols & devices, revenues from which are predicted <strong>to</strong> reach US$ 111 Mn by<br />

<strong>2027</strong>-end. Meanwhile, orthopaedic or arthroscopic devices, gastroenterology devices, ENT devices and<br />

other such medical devices will be showcasing a compar<strong>at</strong>ively steady growth in terms of revenues.<br />

Key highlights from the research findings are as follows:<br />

By the end of <strong>2027</strong>, one of every two reprocessed medical devices sold in <strong>Asia</strong>-<strong>Pacific</strong> will be classified<br />

under semi-critical medical devices. This indic<strong>at</strong>es th<strong>at</strong> demand for reprocessing is higher for semicritical<br />

medical devices, as opposed <strong>to</strong> critical or non-critical medical devices.<br />

The most prominent method of reprocessing medical devices, observed across <strong>Asia</strong>-<strong>Pacific</strong>, is likely <strong>to</strong><br />

be third-party reprocessing. Third parties assisting drugmakers in reprocessing businesses is serving as<br />

a consolida<strong>to</strong>r for <strong>Asia</strong>-<strong>Pacific</strong>’s reprocessed medical devices market.<br />

The report has identified hospitals as the largest end-user of reprocessed medical devices in <strong>Asia</strong>-<br />

<strong>Pacific</strong>. Similarly, diagnostic centres and ASCs will also contribute significantly, by exhibiting revenues<br />

growth <strong>at</strong> more than 11% <strong>CAGR</strong>.<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5


<strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> <strong>Market</strong><br />

Furthermore, the report has profiled leading reprocessed medical device manufacturers partaking in the<br />

<strong>Asia</strong>-<strong>Pacific</strong> region. Companies such as Stryker Sustainability, Medline ReNewal, Hygia Health Services,<br />

Inc., CLEANPART HEALTHCARE, ReNu <strong>Medical</strong>, Inc., SureTek <strong>Medical</strong>, and NEScientific.<br />

Click here <strong>to</strong><br />

Order a free sample<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6


Table of Content<br />

Table Of Content<br />

1. Executive Summary<br />

2. <strong>Market</strong> Introduction<br />

2.1. <strong>Market</strong> Definition<br />

2.2. <strong>Market</strong> Taxonomy<br />

3. U.S. <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> <strong>Market</strong> Overview<br />

3.1. <strong>Market</strong> Value Analysis and Forecast, 2012–<strong>2027</strong><br />

3.2. Y-o-Y Growth Projections <strong>2017</strong>-<strong>2027</strong><br />

3.3. Value Chain Analysis<br />

4. <strong>Market</strong> Dynamics<br />

4.1. Macro-economic Fac<strong>to</strong>rs<br />

4.2. Drivers<br />

4.2.1. Supply Side<br />

4.2.2. Demand Side<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

7


Table of Content<br />

4.3. Restraints<br />

4.4. Opportunity<br />

4.5. Forecast Fac<strong>to</strong>rs – Relevance and Impact<br />

4.6. Regula<strong>to</strong>ry Scenario<br />

4.7. Porter’s Five Force Analysis<br />

4.8. Health expenditure by Country<br />

5. <strong>Asia</strong>-<strong>Pacific</strong> <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> Analysis and Forecasts, By <strong>Devices</strong><br />

5.1. Introduction<br />

5.2. Basis Point Share (BPS) Analysis By <strong>Devices</strong> Type<br />

5.3. Y-o-Y Growth Projections By <strong>Devices</strong> Type<br />

5.4. <strong>Market</strong> Value Forecast By <strong>Devices</strong>, <strong>2017</strong>–<strong>2027</strong><br />

5.4.1. Gastroenterology <strong>Devices</strong><br />

5.4.2. Cardiology <strong>Devices</strong><br />

5.4.3. Laparoscopy <strong>Devices</strong><br />

5.4.4. Orthopedic/ Arthroscopic <strong>Devices</strong><br />

5.4.5. ENT <strong>Devices</strong><br />

©2015 5.4.6. Future Others <strong>Market</strong> Insights, All Rights Reserved<br />

8


Table of Content<br />

5.5. <strong>Market</strong> Attractiveness By <strong>Devices</strong><br />

6. <strong>Asia</strong>-<strong>Pacific</strong> <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> Analysis and Forecasts, By Classific<strong>at</strong>ion<br />

6.1. Introduction<br />

6.2. Basis Point Share (BPS) Analysis By Classific<strong>at</strong>ion<br />

6.3. Y-o-Y Growth Projections By Classific<strong>at</strong>ion<br />

6.4. <strong>Market</strong> Value Forecast By Classific<strong>at</strong>ion, <strong>2017</strong>–<strong>2027</strong><br />

6.4.1. Critical<br />

6.4.2. Semi-critical<br />

6.5. <strong>Market</strong> Attractiveness By Classific<strong>at</strong>ion<br />

7. <strong>Asia</strong>-<strong>Pacific</strong> <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> Analysis and Forecasts, By Reprocessing Methods<br />

7.1. Introduction<br />

7.2. Basis Point Share (BPS) Analysis By Reprocessing Methods<br />

7.3. Y-o-Y Growth Projections By Reprocessing Methods<br />

7.4. <strong>Market</strong> Value Forecast By Reprocessing Methods, <strong>2017</strong>–<strong>2027</strong><br />

7.4.1. In-house<br />

7.4.2. Third Party Assisted<br />

7.4.3. Non-compliant Reprocessors<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

9


Table of Content<br />

7.5. <strong>Market</strong> Attractiveness By Reprocessing Methods<br />

8. <strong>Asia</strong>-<strong>Pacific</strong> <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> Analysis and Forecasts, By End User<br />

8.1. Introduction<br />

8.2. Basis Point Share (BPS) Analysis By End User<br />

8.3. Y-o-Y Growth Projections By End User<br />

8.4. <strong>Market</strong> Value Forecast By End User, <strong>2017</strong>–<strong>2027</strong><br />

8.4.1. Hospitals<br />

8.4.2. Diagnostic Centers<br />

8.4.3. Ambula<strong>to</strong>ry Surgical Centers<br />

8.5. <strong>Market</strong> Attractiveness By End User<br />

9. <strong>Asia</strong> <strong>Pacific</strong> <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> <strong>Market</strong> – Trends<br />

10. Australia <strong>Reprocessed</strong> <strong>Medical</strong> <strong>Devices</strong> Analysis and Forecast<br />

10.1.Introduction<br />

10.1.1. Basis Point Share (BPS) Analysis By Device<br />

10.1.2. Y-o-Y Growth Projections By Device<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

10


Table of Content<br />

10.2.<strong>Market</strong> Value Forecast By <strong>Devices</strong>, <strong>2017</strong>–<strong>2027</strong><br />

10.2.1. Gastroenterology <strong>Devices</strong><br />

10.2.2. Cardiology <strong>Devices</strong><br />

10.2.3. Laparoscopy <strong>Devices</strong><br />

10.2.4. Orthopedic/ Arthroscopic <strong>Devices</strong><br />

10.2.5. ENT <strong>Devices</strong><br />

10.2.6. Others<br />

10.3.<strong>Market</strong> Value Forecast By Classific<strong>at</strong>ion, <strong>2017</strong>–<strong>2027</strong><br />

10.3.1. Critical<br />

10.3.2. Semi-critical<br />

10.3.3. Non-critical<br />

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