The significant factors that are boosting the growth of Europe's single-use medical device reprocessing market are the legalization of reprocessed devices, improving quality of patient care, availability of reprocessed devices with enhanced quality in the market compared and reprocessing saves a significant amount of money. Other factors, such as the implementation of favorable regulatory procedures by the governments in Europe, ultimately reducing or minimizing the medical waste results in a positive impact on the environment. Hospitals and insurers can highly benefit from reprocessed medical devices for improving healthcare systems by reducing costs, and increasing efficiency of management, leading to the rising adoption rate of reprocessed medical devices which is catalyzing the growth of Europe Single-Use Medical Device Reprocessing Market.
Preconceived notions of the public regarding the quality and standards of the reprocessed devices are expected to challenge the growth of the European single-use medical devices reprocessing market during the forecast period. Other factors that are challenging the growth of the market are reduced profits for manufacturers, unfavorable regulatory rules and policies in some of the European countries, raising concerns from patients and their families regarding the safety due to lack of trust on reprocessed medical devices.
The high adoption rate of the devices by hospitals in order to reduce costs and provide efficient patient care is likely to boost the demand of the market and increase growth opportunities for the key players in the Europe Single-Use Medical Device Reprocessing Market. Increasing focus on initiatives from the private and public organizations for developing innovative techniques owing to technological advancements is foreseen to boost the growth opportunities for the European market during the forecast. The availability of technically advanced and active devices in the market and increasing initiatives by governments to improve healthcare are likely to boost the number of growth opportunities for single-use medical device reprocessing markets in Europe.
Europe Single-Use Medical Device Reprocessing Market segmented and sub-segmented into the following categories and evaluated market size and forecast for each segment until 2024
Regionally, Germany is leading the Europe market by contributing largest share of revenues and is likely to continue the trend during the forecast period owing to the factors such as highly favorable regulatory policies and approval procedures, presence of prominent manufacturers in the region, increasing adoption rate of reprocessed medical products such as balloon catheters, minimizing the costs and optimized management of healthcare systems with assured safety. The UK market is another major contributor to the European single-use device reprocessing market after Germany and is likely to multiply over the forecast period.
Top companies dominating the Europe 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 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
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
Related Reports
Aug 2019
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