The size of the Asia-Pacific Single-Use Medical Device Reprocessing Market is predicted to grow at a significant rate from 2021 to 2026.
Reprocessing of single-use medical devices includes cleaning, disinfection, and sterilization. It helps hospitals maintain the quality of patient care while saving substantial amounts of money. The most significant benefit is that hospitals can reduce the cost associated with medical devices by 60%, which becomes a crucial factor in inexpensive devices like catheters and cardiac ablation machines. Currently, 300 medical devices are already being processed, with 15% of medical devices eligible for reprocessing single-use medical devices. Hospitals can reduce medical waste by around 45% by reprocessing single-use medical devices in environmental protection. Not only does medical waste treatment put enormous pressure on hospital costs, but in countries like China and Japan, it has become an industry in its own right.
Reducing healthcare costs through the reprocessing of single-use devices is the primary driver of this market. The process has been streamlined and legislated in Japan. In India, the private sector provides 85% of health care. The private sector uses specific policies, which help to significantly reduce the financial burden and reduce the overall economic burden by reducing the medical bills generated for the patient. The past decade has seen increased use of single-use reprocessing devices in emerging markets, driving the growth of the single-use medical device reprocessing market.
Low single-use medical device reprocessing regulations in emerging markets are the main obstacle to the growth of the single-use medical device reprocessing market in developing countries.
This research report on the Asia-Pacific Single-Use Medical Device Reprocessing Market has been segmented and sub-segmented into the following categories:
Regional Analysis:
The Asia-Pacific is growing for the single-use medical device reprocessing market, and the reuse of single-use devices in much of Asia is common, especially for injection needles. For the most part, no national regulations govern single-use medical devices, so third-party reprocessors do not offer their services in Asia. Along with the high rate of privatization in Indian hospitals, there is an increase in the guidelines for retired single-use medical devices, contributing to the healthy growth of this market in the country. Japan is expected to hold the largest share of the single-use reprocessed medical device market. Reprocessing of single-use devices is very common in the country, with more than 78% of hospitals involved in this activity. The continuous growth of the country's economic situation with high expenditure on health care, efficient use of resources, and a guarantee of functional and sterility drive the development of the market in Japan.
Companies leading the Asia-Pacific Single-Use Medical Device Reprocessing Market profiled in this report are Hygia, Centurion Medical Products Corporation, Medline Renewal, Midwest Reprocessing Center, NEscientific, ReNu Medical, SterilMed, Stryker Sustainability Solutions, Inc., SureTek Medical, and Vanguard AG.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Class I Devices
5.1.1 Introduction
5.1.2 Sequential Compression Sleeves
5.1.3 Tourniquet Cuffs
5.1.4 Pulse Oximeter Sensors
5.1.5 Y-o-Y Growth Analysis, By Class I Devices
5.1.6 Market Attractiveness Analysis, By Class I Devices
5.1.7 Market Share Analysis, By Class I Devices
5.2 Class II Devices
5.2.1 Introduction
5.2.2 Microdebriders
5.2.3 Cautery Electrodes
5.2.4 Laparoscopic Graspers
5.2.5 Scissors
5.2.6 Forceps
5.2.7 Scalpels
5.2.8 Orthopedic blades
5.2.9 Drill Bits
5.2.10 External fixation clamps
5.2.11 Electrophysiological Cardiac Catheters
5.2.12 Y-o-Y Growth Analysis, By Class II Devices
5.2.13 Market Attractiveness Analysis, By Class II Devices
5.2.14 Market Share Analysis, By Class II Devices
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Class I Devices
6.1.3.3 By Class II Devices
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Class I Devices
6.1.4.3 By Class II Devices
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Class I Devices
6.1.5.3 By Class II Devices
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Hygia
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Medline Renewal
8.3 Nescientific
8.4 ReNu Medical
8.5 SterilMed
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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