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Pulished Date April, 2021
ID: 2379
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North America Single-Use Medical Device Reprocessing Market Research Report – Segmented By Class I Devices, Class II Devices, End-User and Country (US and Canada) - Industry Analysis on Size, Share, Growth, Trends and Forecast (2021 to 2026)

Pulished: April, 2021
ID: 2379
Pages: 145

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

The size of the Single-Use Medical Device Reprocessing Market in North America is estimated to grow at a promising CAGR from 2021 to 2026.

Preconceptions about the quality of retired SUD coupled with reduced profits for manufacturers and hospitals' ability to establish their own SUD reprocessing facilities are hampering the growth of this market. The low price of reprocessed medical devices helps reduce the total cost of treatment and is a crucial factor in the development of the North American medical device reprocessing market. Besides, the lack of waste disposal facilities in the healthcare industry and government initiatives to raise awareness of medical device reprocessing are other significant factors expected to drive the growth of the medical device reprocessing market medical facilities from North America during the forecast period. Rising healthcare costs and growing penetration of reprocessed medical devices in emerging economies support the North American medical device reprocessing market.

Due to its economic and sustainable nature, single-use medical devices' reprocessing is increasingly recognized as a promising prospect. However, strict government regulations on medical device reprocessing are crucial factors limiting the growth of the North American medical device reprocessing market. Moreover, the risk of spreading infection is another factor hampering the North American medical device reprocessing market during the forecast period.

This market research report on the North America 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: The United States, Canada, and the Rest of North America.

Regional Analysis:

The increased demand for medical services and healthcare facilities in North America is estimated to significantly impact the growth of the North American single-use medical device reprocessing market in the region between 2020 and 2025. Another driver of growth in this industry is rising population spending in countries like the United States and Canada. Per capita purchasing power parity (PPP) health expenditure in the United States has increased significantly from $ 9,246.97 in 2018 to $ 10,587.74 in 2020, while it increased from $ 4,861.36 in 2018 to $ 5,137.56 in 2020 in Canada, according to the World Health Organization. Spending on personal health care in the United States, as established by the Centers for Disease Control and Prevention, is expected to increase by an annual percentage change of 5.6% during the period 2015-2020 with an expenditure total of USD 2,104 billion in 2015, which rose to USD 3,014 billion in 2020. It can be attributed to the high demand for new medical and health technologies in North America.

Companies leading the North America 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 United States                            

                6.3 Canada                         

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. North America Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  2. North America Sequential Compression Sleeves Market, By Region, From 2021 to 2026 (USD Million)
  3. North America Tourniquet Cuffs Market, By Region, From 2021 to 2026 (USD Million)
  4. North America Pulse Oximeter Sensors Market, By Region, From 2021 to 2026 (USD Million)
  5. North America Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  6. North America Microdebriders Market, By Region, From 2021 to 2026 (USD Million)
  7. North America Cautery Electrodes Market, By Region, From 2021 to 2026 (USD Million)
  8. North America Laparoscopic Graspers Market, By Region, From 2021 to 2026 (USD Million)
  9. North America Scissors Market, By Region, From 2021 to 2026 (USD Million)
  10. North America Forceps Market, By Region, From 2021 to 2026 (USD Million)
  11. North America Scalpels Market, By Region, From 2021 to 2026 (USD Million)
  12. North America Orthopedic blades Market, By Region, From 2021 to 2026 (USD Million)
  13. North America Drill Bits Market, By Region, From 2021 to 2026 (USD Million)
  14. North America  External fixation clamps Market, By Region, From 2021 to 2026 (USD Million)
  15. North America Electrophysiological Cardiac Catheters Market, By Region, From 2021 to 2026 (USD Million)
  16. North America Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)
  17. North America Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  18. United States Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  19. United States Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  20. United States Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)
  21. Canada Single Use Medical Device Reprocessing Market, By Class I Devices, From 2021 to 2026 (USD Million)
  22. Canada Single Use Medical Device Reprocessing Market, By Class II Devices, From 2021 to 2026 (USD Million)
  23. Canada Single Use Medical Device Reprocessing Market, By End Users, From 2021 to 2026 (USD Million)

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