According to our latest study on “Reprocessed Medical Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and End-User,” and in the global market is expected to grow from US$ 2,087.36 million in 2021 to US$ 5,653.87 million by 2028; it is estimated to grow at a CAGR of 15.3% from 2021 to 2028. The increasing utilization of the less expensive reprocessed medical devices as compared to new devices and the rising number of surgical procedures across the US is contributing to the market growth.

The reprocessed medical devices market has experienced significant growth opportunities during the pandemic. The rapid spread of the COVID-19 has provided significant momentum to the reprocessed medical device industry in 2020. Following a severe shortage of medical supplies, regulatory agencies such as the Association of Medical Device Reprocessors (AMDR) promoted the reprocessing of healthcare equipment. According to AMDR, the expansion of reprocessing programmes could assist healthcare providers manage COVID-19-related costs, better regulate supply chains, and better plan for future hazards. While the COVID-19 pandemic continues to disrupt economies around the world, the growing volume of medical waste is a huge worry. This emphasizes the need of efficient reprocessing, which can not only help meet supply shortages but also enhance healthcare sustainability. However, with the onset of COVID-19 pandemic, physicians and patients became more concerned about their safety, hence, raising apprehensions about the reuse of medical devices. This negatively affected demand for reprocessed medical devices. Thus, to overcome these safety concerns, reassuring steps such as sterilization and microbial testing of reprocessed medical devices were made mandatory by various regulatory authorities in the region. Also, the risk of infection in surgeries and inappropriate sterilization of the medical devices can increase the potential outbreaks which hinders the market growth. In addition, the R&D of reprocessing services has put on hold due to diversion of professionals to satisfy the demand of pandemic related products. Thus, owing to the above–mentioned factors, the pandemic has shown negative impact on the reprocessed medical devices market.

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Reprocessing is an important part of the medical device life cycle. Reprocessing of medical device is a process of cleaning, sterilizing, testing, remanufacturing, disinfecting, and wrapping as well as labelling of a used, expired, and undamaged medical device to make it patient-ready at a much-reduced cost. It is a special process or treatment in preparation for reuse of medical devices. Increasing hospital expenditures on medical devices and high amount of medical wastage is driving the growth of the market.

The growth of the market is attributed to rising importance of medical waste minimization and growing use of reprocessed single-use devices drive the market growth. However, the limitations of reprocessed medical devices and stringent regulatory requirements hampers the market growth.

Several in organic approaches, such as product launches, and expansion in the global reprocessed medical devices, have resulted in the growth of the market. Likewise, inorganic strategies such as mergers & acquisitions, and collaboration have helped the company to strengthen its revenue, which allows the company to hold a strong position in the market.  

Below is the list of the growth strategies done by the players operating in the global reprocessed medical devices:

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