North America Single-Use Medical Device Reprocessing Market Size (2024 - 2029)

The North America Single-Use Medical Device reprocessing market is projected to experience growth driven by the increasing need to reduce medical waste in healthcare settings. This expansion is further supported by the rise in FDA-approved reprocessed cardiovascular devices, which constitute a significant portion of single-use devices in use. The market's development is bolstered by cost savings and environmental benefits, making SUD reprocessing a key strategy in healthcare supply chains. Despite the challenges posed by the lack of dedicated facilities and unauthorized overuse in emerging markets, the potential for growth remains substantial.

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Market Size of North America Single-Use Medical Device Reprocessing Industry

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.50 %
Market Concentration Medium

Major Players

North America Single-Use Medical Device Reprocessing Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Single-Use Medical Device Reprocessing Market Analysis

The North America Single-Use Medical Device (SUD) reprocessing market is anticipated to grow at a CAGR of 5.5% over the forecast period. Rising clinical urgency to minimize the generation of medical waste in healthcare settings and hospitals is among the key factors driving market growth. Growth of the single-use medical devices is also expected to be spurred by the increase in FDA-approved critical and non-critical cardiovascular reprocessed devices, which hold a large share of the single-use devices used in healthcare.

A single hospital can divert over a ton of devices from the waste stream each year. According to the Association of Medical Device Reprocessors (AMDR), as of 2017, more than 3,000 US hospitals were purchasing reprocessed SUDs, and saving more than USD 600,000 annually, through their recycling and redistribution initiatives.

Along with cost reduction, it also results in environmental sustainability. SUD reprocessing is one of the top healthcare supply chain strategies used to reduce costs and optimize resources. The aforementioned factors are anticipated to contribute towards the development of industry in the immediate future. However, the lack of dedicated SUD reprocessing facilities in emerging markets is currently a huge opportunity for this market, while the unauthorized overuse of reprocessed SUDs in emerging markets is currently the major challenge faced by this market.

North America Single-Use Medical Device Reprocessing Industry Segmentation

Single-use device (SUD) reprocessing includes cleaning, disinfection, and sterilization, as well as 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.

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North America Single-Use Medical Device Reprocessing Market Size Summary

The North America Single-Use Medical Device (SUD) reprocessing market is poised for significant growth, driven by the increasing need to reduce medical waste in healthcare settings. This market expansion is further supported by the rise in FDA-approved reprocessed cardiovascular devices, which are a substantial portion of SUDs utilized in healthcare. The reprocessing of single-use devices not only contributes to cost savings for hospitals but also promotes environmental sustainability, making it a key strategy in healthcare supply chain management. Despite the promising growth prospects, the market faces challenges such as the lack of dedicated reprocessing facilities in emerging markets, which also presents a substantial opportunity for expansion.

The market is characterized by moderate competition, with several major players like Stryker, Medline ReNewal, and SterilMed leading the charge. These companies are actively engaging in strategies such as mergers and acquisitions to enhance their market presence. Reprocessed compression sleeves, particularly those from Stryker and Covidien (Medtronic), represent a significant volume within the reprocessing business, highlighting the effectiveness and safety of these devices post-reprocessing. The market's growth trajectory is supported by the ongoing efforts of these companies to optimize resource use and reduce costs, thereby reinforcing the importance of SUD reprocessing in the healthcare industry.

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North America Single-Use Medical Device Reprocessing Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Cost Savings Through Reprocessing Single-use Devices

      2. 1.2.2 Regulatory Pressure to Reduce Volume of Medical Waste

    3. 1.3 Market Restraints

      1. 1.3.1 Potential of Material Alteration and Cross Infection with Reprocessed Device

      2. 1.3.2 Preconceived Notions Regarding the Quality of Reprocessed Single-use Medical Devices (SUDs)

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Device Type

      1. 2.1.1 Class I Devices

        1. 2.1.1.1 Laparoscopic Graspers

        2. 2.1.1.2 Scalpels

        3. 2.1.1.3 Tourniquet Cuffs

        4. 2.1.1.4 Other Class I Devices

      2. 2.1.2 Class II Devices

        1. 2.1.2.1 Pulse Oximeter Sensors

        2. 2.1.2.2 Sequential Compression Sleeves

        3. 2.1.2.3 Catheters and Guidewires

        4. 2.1.2.4 Other Class II Devices

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Mexico

North America Single-Use Medical Device Reprocessing Market Size FAQs

The North America Single-Use Medical Device Reprocessing Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)

Stryker Corporation, SureTek Medical, Medline Industries, Inc, ReNu Medical and Sterilmed Inc. (Johnson & Johnson) are the major companies operating in the North America Single-Use Medical Device Reprocessing Market.

North America Single-Use Medical Device Reprocessing Market Report Snapshots

North America Single-Use Medical Device Reprocessing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)