Market Size of Single-use Medical Device Reprocessing Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.01 Billion |
| Market Size (2029) | USD 2.13 Billion |
| CAGR (2024 - 2029) | 15.93 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Single-use Medical Device Reprocessing Market Analysis
The Single-use Medical Device Reprocessing Market size is estimated at USD 1.01 billion in 2024, and is expected to reach USD 2.13 billion by 2029, growing at a CAGR of 15.93% during the forecast period (2024-2029).
- COVID-19 had an unprecedented health concern and adversely affected communities, industries, businesses, and lives across the world. COVID-19 impacted the single-use medical device reprocessing market due to concerns about the high infectivity of the SARS-CoV-2 virus with the use of reprocessed devices. Furthermore, the usage of various single-use surgical instruments like scissors, forceps, pliers, needle holders, and curettes was reduced due to the postponement of surgical procedures during the pandemic. For instance, as per the article published in February 2023 in Vaccines Journal, there was an 86.7% drop in surgical procedures during the pandemic compared to the pre-pandemic years globally. However, the COVID-19 pandemic slowed the growth of the single-use medical device reprocessing market in the initial wave due to the cancellation of surgical procedures, but with increasing company activities and an increase in acceptance of reprocessing of single-use medical devices, as well as resumed surgical procedures in hospitals, the market is witnessing significant growth.
- Factors such as cost savings through reprocessing single-use medical devices, increasing regulatory pressure to reduce the volume of medical waste, rising burden of chronic diseases, and growing geriatric population are expected to boost the market studied. For instance, according to the January 2023 update by the Association of Medical Device Reprocessors (AMDR), hospitals lower their costs for medical devices by 25% to 40% by using reprocessed devices. As per the same source, USD 462 million were saved by hospitals that reprocessed with AMDR member reprocessors in 2021. Additionally, USD 6.1 million was saved by hospitals and surgical centers through reduced waste disposal costs because of the use of reprocessed devices in 2021. This includes a significant fraction of single-use device reprocessing, which is likely to impact the market's growth significantly.
- Additionally, growing demands for recycling and reusability due to factors such as rising awareness among the public and campaigns from various non-governmental organizations (NGO) that are working in favor of reducing medical waste and increasing the recycling measure is also expected to boost the growth of the single-use medical device reprocessing market during the forecast period. For instance, in May 2022, Innovative Health, LLC received clearance to reprocess the Philips Eagle Eye Platinum digital IVUS (intravascular ultrasound) catheter. This clearance effectively marks Innovative Health's entry into the cath lab space, a move that will dramatically increase the potential cost savings of hospitals through reprocessing.
- Thus, due to the cost-saving initiatives by the hospitals by opting for reprocessing and the strategic activities of the key players, the studied market is expected to grow significantly during the study period. However, potential material alteration during reprocessing and cross infection with reprocessed devices and a general notion regarding the quality of reprocessed single-use medical devices among healthcare providers are expected to impede the growth of the studied market.
Single-use Medical Device Reprocessing Industry Segmentation
As per the scope of the report, single-use device (SUD) reprocessing includes cleaning, disinfection, sterilization, testing, and restoration of the technical and functional safety of the used device. Reprocessing of SUDs makes it possible for hospitals to maintain patient care quality while saving substantial amounts of money.
The single-use medical device reprocessing market is segmented by device type (class I devices (laparoscopic graspers, scalpels, tourniquet cuffs, and other class I devices) and class II devices (pulse oximeter sensors, sequential compression sleeves, catheters, and guidewires, and other class II devices)) and geography. (North America, Europe, Asia-Pacific, Middle East Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally.
The report offers the value (in USD) for the above segments.
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Single-use Medical Device Reprocessing Market Size Summary
The single-use medical device reprocessing market is poised for substantial growth over the forecast period, driven by factors such as cost savings, regulatory pressures to minimize medical waste, and the increasing prevalence of chronic diseases and a growing geriatric population. The market experienced initial setbacks due to the COVID-19 pandemic, which led to a significant reduction in surgical procedures and heightened concerns about the safety of reprocessed devices. However, as surgical activities resumed and acceptance of reprocessing grew, the market began to recover and expand. The demand for reprocessing is further bolstered by rising public awareness and NGO campaigns advocating for reduced medical waste and increased recycling efforts. Strategic activities by key players, such as Innovative Health's entry into the cath lab space, are expected to enhance cost savings and drive market growth.
North America is anticipated to witness significant growth in the single-use medical device reprocessing market, fueled by the rising costs of reusable devices and the increasing prevalence of cardiovascular diseases. The region's market growth is supported by the growing acceptance of reprocessed devices and the strategic expansion of facilities by major players. In Canada, hospitals are increasingly outsourcing reprocessing to FDA-approved third-party reprocessors in the United States due to the lack of regulation for reprocessed devices. The market is characterized by moderate competition, with major global players like Medline Industries Inc., Arjo, and Stryker Corporation leading through new product launches, acquisitions, and collaborations. These strategic moves, along with regulatory advancements, are expected to further propel the market's growth trajectory.
Single-use Medical Device Reprocessing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Cost Savings Through Reprocessing Single-use Devices
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1.2.2 Regulatory Pressure to Reduce Volume of Medical Waste
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1.3 Market Restraints
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1.3.1 Potential of Material Alteration and Cross Infection with Reprocessed Device
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1.3.2 Preconceived Notions Regarding the Quality of Reprocessed Single-use Medical Devices (SUDs)
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD)
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2.1 By Device Type
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2.1.1 Class I Devices
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2.1.1.1 Laparoscopic Graspers
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2.1.1.2 Scalpels
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2.1.1.3 Tourniquet Cuffs
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2.1.1.4 Other Class I Devices
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2.1.2 Class II Devices
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2.1.2.1 Pulse Oximeter Sensors
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2.1.2.2 Sequential Compression Sleeves
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2.1.2.3 Catheters and Guidewires
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2.1.2.4 Other Class II Devices
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Single-use Medical Device Reprocessing Market Size FAQs
How big is the Single-use Medical Device Reprocessing Market?
The Single-use Medical Device Reprocessing Market size is expected to reach USD 1.01 billion in 2024 and grow at a CAGR of 15.93% to reach USD 2.13 billion by 2029.
What is the current Single-use Medical Device Reprocessing Market size?
In 2024, the Single-use Medical Device Reprocessing Market size is expected to reach USD 1.01 billion.
