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

monica2016

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.

Reprocessed Medical Devices Market: Asia Pacific

Industry Analysis and Opportunity Assessment, 2017

2027

April 2017

Report Id : REP-AP-3211

Status : Apr-2017

Category : Healthcare, Pharmaceuticals & Medical Devices

©2015 Future Market Insights, All Rights Reserved


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Reprocessed Medical Devices Market

Japan, China & Southeast Asian Countries dominating Asia-Pacific’s Reprocessed Medical Devices

Market

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.

Cardiology Devices Getting Reprocessed at Higher Rate

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Reprocessed Medical Devices Market

The report reveals that in 2016, more than US$ 100 Mn worth of reprocessed medical devices turned out

to be used in the field of cardiology. Demand for reprocessed cardiology devices is expected to continue

surging in the years to come, registering the highest revenue CAGR of 18.4%. Reprocessing will also gain

traction among laparoscopic tools & devices, revenues from which are predicted to reach US$ 111 Mn by

2027-end. Meanwhile, orthopaedic or arthroscopic devices, gastroenterology devices, ENT devices and

other such medical devices will be showcasing a comparatively steady growth in terms of revenues.

Key highlights from the research findings are as follows:

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

under semi-critical medical devices. This indicates that demand for reprocessing is higher for semicritical

medical devices, as opposed to critical or non-critical medical devices.

The most prominent method of reprocessing medical devices, observed across Asia-Pacific, is likely to

be third-party reprocessing. Third parties assisting drugmakers in reprocessing businesses is serving as

a consolidator for Asia-Pacific’s reprocessed medical devices market.

The report has identified hospitals as the largest end-user of reprocessed medical devices in Asia-

Pacific. Similarly, diagnostic centres and ASCs will also contribute significantly, by exhibiting revenues

growth at more than 11% CAGR.

©2015 Future Market Insights, All Rights Reserved 5


Reprocessed Medical Devices Market

Furthermore, the report has profiled leading reprocessed medical device manufacturers partaking in the

Asia-Pacific region. Companies such as Stryker Sustainability, Medline ReNewal, Hygia Health Services,

Inc., CLEANPART HEALTHCARE, ReNu Medical, Inc., SureTek Medical, and NEScientific.

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Table of Content

Table Of Content

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. U.S. Reprocessed Medical Devices Market Overview

3.1. Market Value Analysis and Forecast, 2012–2027

3.2. Y-o-Y Growth Projections 2017-2027

3.3. Value Chain Analysis

4. Market Dynamics

4.1. Macro-economic Factors

4.2. Drivers

4.2.1. Supply Side

4.2.2. Demand Side

©2015 Future Market Insights, All Rights Reserved

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Table of Content

4.3. Restraints

4.4. Opportunity

4.5. Forecast Factors – Relevance and Impact

4.6. Regulatory Scenario

4.7. Porter’s Five Force Analysis

4.8. Health expenditure by Country

5. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By Devices

5.1. Introduction

5.2. Basis Point Share (BPS) Analysis By Devices Type

5.3. Y-o-Y Growth Projections By Devices Type

5.4. Market Value Forecast By Devices, 20172027

5.4.1. Gastroenterology Devices

5.4.2. Cardiology Devices

5.4.3. Laparoscopy Devices

5.4.4. Orthopedic/ Arthroscopic Devices

5.4.5. ENT Devices

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Table of Content

5.5. Market Attractiveness By Devices

6. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By Classification

6.1. Introduction

6.2. Basis Point Share (BPS) Analysis By Classification

6.3. Y-o-Y Growth Projections By Classification

6.4. Market Value Forecast By Classification, 20172027

6.4.1. Critical

6.4.2. Semi-critical

6.5. Market Attractiveness By Classification

7. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By Reprocessing Methods

7.1. Introduction

7.2. Basis Point Share (BPS) Analysis By Reprocessing Methods

7.3. Y-o-Y Growth Projections By Reprocessing Methods

7.4. Market Value Forecast By Reprocessing Methods, 20172027

7.4.1. In-house

7.4.2. Third Party Assisted

7.4.3. Non-compliant Reprocessors

©2015 Future Market Insights, All Rights Reserved

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Table of Content

7.5. Market Attractiveness By Reprocessing Methods

8. Asia-Pacific Reprocessed Medical Devices Analysis and Forecasts, By End User

8.1. Introduction

8.2. Basis Point Share (BPS) Analysis By End User

8.3. Y-o-Y Growth Projections By End User

8.4. Market Value Forecast By End User, 20172027

8.4.1. Hospitals

8.4.2. Diagnostic Centers

8.4.3. Ambulatory Surgical Centers

8.5. Market Attractiveness By End User

9. Asia Pacific Reprocessed Medical Devices Market – Trends

10. Australia Reprocessed Medical Devices Analysis and Forecast

10.1.Introduction

10.1.1. Basis Point Share (BPS) Analysis By Device

10.1.2. Y-o-Y Growth Projections By Device

©2015 Future Market Insights, All Rights Reserved

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Table of Content

10.2.Market Value Forecast By Devices, 20172027

10.2.1. Gastroenterology Devices

10.2.2. Cardiology Devices

10.2.3. Laparoscopy Devices

10.2.4. Orthopedic/ Arthroscopic Devices

10.2.5. ENT Devices

10.2.6. Others

10.3.Market Value Forecast By Classification, 20172027

10.3.1. Critical

10.3.2. Semi-critical

10.3.3. Non-critical

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