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Pulished Date April, 2021
ID: 2382
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Latin America Single Use Medical Device Reprocessing Market Research Report – Segmented By Class I Devices, Class II Devices, End-User, Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 2382
Pages: 145

Latin America Single-Use Medical Device Reprocessing Market Size (2021 to 2026)

The Latin America Single-Use Medical Device Reprocessing Market size is estimated to grow steadily from 2021 to 2026.

One of the key drivers accelerating the market expansion is the growing clinical urgency to reduce the creation of medical waste in healthcare settings and hospitals. The usage of reprocessed single-use medical device reprocessing (SUDs) also reduces expenses related to special handling and device waste disposal. As a result, healthcare institutions not only save 50% on each reprocessed SUD they buy and spend less on medical disposal, but they also save money when OEMs cut their pricing to compete with third-party preprocessors, lowering the total cost of healthcare. The huge cost savings associated with employing reprocessed SUDs and the positive environmental effect of SUD reprocessing and low entry barriers are propelling the growth of the Latin America Single-Use Medical Device Reprocessing Market.

Because of the rising prevalence of chronic illnesses, rising senior population, rising healthcare spending, increasing number of surgical procedures, and growing awareness about the use of reprocessed medical devices, the area is expected to have the fastest pace in coming years. Furthermore, as technology has evolved, companies have created more complicated and complex devices that can withstand the steam sterilization procedure by using proper materials. Reprocessing single-use devices are essential in reducing future healthcare costs. In addition, green medical equipment reprocessing generates the least amount of environmental damage and provides a future opportunity for the Latin American single-use medical device reprocessing business.

Preconceived notions about the quality of reprocessed SUDs, as well as a lack of regulation of SUD reprocessing in this nation and lower manufacturer revenues, are impeding the market's growth. In addition, the spread of disease or infection connected with the use of reprocessed medical equipment might restrict the Latin America Single-use medical device reprocessing market.

Unauthorized usage of reprocessed SUDs is currently the biggest challenge. Chemical residues may occur from deviations from the standards or improper cleaning, which might cause toxicity in the patient. Aside from these risks, physical features may alter after reprocessing, putting patients at risk and reducing the learning curve for healthcare providers. These nations often suffer from a lack of political importance for concerns with medical product reuse.

This research report on the Latin American Single-Use Medical Device Reprocessing Market segmented and sub-segmented into the following categories:

By Class I Devices: 

  • Sequential Compression Sleeves
  • Tourniquet Cuffs
  • Pulse Oximeter Sensors

By Class II Devices: 

  • Microdebriders
  • Cautery Electrodes
  • Laparoscopic Graspers
  • Scissors
  • Forceps
  • Scalpels
  • Orthopedic Blades
  • Drill Bits
  • External Fixation Clamps
  • Electrophysiological Cardiac Catheters

By End-User:

  • Hospitals

By Country: 

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

Geographically, the Latin American market has the third-largest share in the global market, owing to its well-established healthcare industry, rising chronic disease incidence, and rising surgical procedure volume. Brazil dominated the market due to the effective use of single-use medical devices and people's awareness about that device and its use. Because reprocessing allows healthcare facilities to reuse equipment rather than dispose of it, the need for single-use medical reprocessing is growing. This helps in waste management and contributes to the long-term sustainability of the environment.

KEY MARKET PLAYERS:

Companies playing a leading role in the Latin American 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 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

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                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Latin America Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  2. Latin America Sequential Compression Sleeves Market, By Region, From 2021 to 2026 (USD Million)
  3. Latin America Tourniquet Cuffs Market, By Region, From 2021 to 2026 (USD Million)
  4. Latin America Pulse Oximeter Sensors Market, By Region, From 2021 to 2026 (USD Million)
  5. Latin America Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  6. Latin America Microdebriders Market, By Region, From 2021 to 2026 (USD Million)
  7. Latin America Cautery Electrodes Market, By Region, From 2021 to 2026 (USD Million)
  8. Latin America Laparoscopic Graspers Market, By Region, From 2021 to 2026 (USD Million)
  9. Latin America Scissors Market, By Region, From 2021 to 2026 (USD Million)
  10. Latin America Forceps Market, By Region, From 2021 to 2026 (USD Million)
  11. Latin America Scalpels Market, By Region, From 2021 to 2026 (USD Million)
  12. Latin America Orthopedic blades Market, By Region, From 2021 to 2026 (USD Million)
  13. Latin America Drill Bits Market, By Region, From 2021 to 2026 (USD Million)
  14. Latin America  External fixation clamps Market, By Region, From 2021 to 2026 (USD Million)
  15. Latin America Electrophysiological Cardiac Catheters Market, By Region, From 2021 to 2026 (USD Million)
  16. Latin America Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)
  17. Latin America Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  18. Brazil Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  19. Brazil Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  20. Brazil Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)
  21. Argentina Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  22. Argentina Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  23. Argentina Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)
  24. Mexico Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  25. Mexico Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  26. Mexico Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)
  27. Rest of Latin America Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  28. Rest of Latin America Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  29. Rest of Latin America Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)

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