Single Use Medical Device Reprocessing Market

Global Single-Use Medical Device Reprocessing Market Size (2024 to 2032)

In 2023,the global single-use medical device reprocessing market was valued at USD 4.73 billion and it is expected to reach USD 18.30 billion  by 2032 from USD 5.50 billion in 2024, growing at a CAGR of 12.97% during the forecast period. 

Current Scenario Of The Global Single-use Medical Device Reprocessing Market

Single-use devices (SUDs) were considered important in reducing waste in the medical industry, as per the conclusions of multiple studies. During the COVID-19 crisis, this became particularly essential with the rising application of all this equipment. In China, there is a need to enhance the quality of reusable medical devices. Industry experts have stressed complying with standard cleaning methods, selecting the right sterilization procedure and pre-treatment, improving understanding and impression of medical tools and dismantling them with complicated formations to minimise their cleaning flaws. Whereas in the United States, hospitals reprocess between 40 to 50 per cent of SUDs in Endourology with the help of third parties. About 25 per cent is done by healthcare facilities themselves. Furthermore, Austria, Bulgaria, Denmark, Finland, France, Italy, Norway, Romania and 10 more countries in Europe have not approved the single-use medical device reprocessing on their land. In Germany, recycling has been governed for more than 10 years, with many hospitals achieving their cost-saving targets. On the other hand, the growing number of surgeries done is driving the European market to accelerate SUD reprocessing. Hence, it will be right to say the Single-use medical devices market will propel in the coming years.

MARKET DRIVERS

The growing demand for cost-effective and eco-friendly devices in the medical sector is majorly driving growth for the single-use medical device reprocessing market.

The greater use of low-cost reprocessed medical equipment instead of new devices, increased attempts to reduce regulated medical waste (RMW), the rising number of surgical procedures, and YOY growth in the number of people suffering from chronic diseases are propelling the growth of the single-use medical device reprocessing market. According to statista.com, an estimated 15% of the adult population from the United States suffered from at least two chronic medical conditions in 2023. Furthermore, the growing clinical urgency to reduce the creation of medical waste in healthcare settings and hospitals is favoring market growth. In addition, the increase in FDA-approved critical and non-critical cardiovascular reprocessing devices, which account for a significant percentage of single-use medical devices used in healthcare, is also projected to boost growth.

Due to its cost-effectiveness and sustainability, single-use reprocessing of medical equipment is currently recognized as a potential opportunity. It leads to financial savings as well as environmental sustainability. SUD reprocessing is a popular healthcare supply chain strategy for reducing costs and maximizing resources. With technological advances, firms have built more complicated and complex devices employing appropriate materials to stand up to the steam sterilization process. As a result, reprocessing single-use devices have proven essential for reducing future healthcare costs. In addition, green medical device reprocessing causes minor environmental damage and provides a future opportunity for the single-use medical device reprocessing market.

The growing awareness regarding the benefits associated with reprocessing single-use devices effectively promotes the market’s growth rate. Furthermore, a growing focus on reducing greenhouse effects accelerates the market's growth. This procedure will reduce wastage in the medical sector, fuelling the growth of the single-use medical device reprocessing market. Furthermore, the rise in the private and public organizations' support through investments is to surge growth opportunities for the market. Therefore, increasing the production of reprocessed devices eventually increases the organizations' profits, which is likely to outshine the demand of the single-use medical devices reprocessing market. Also, the rise in the construction activities of healthcare centers worldwide is expected to boost the growth of single-use medical device reprocessing.

MARKET RESTRAINTS

The danger of surgical site infection transmission linked with remanufactured devices may hinder market expansion to some extent. All players' significant problems are the quality of healthcare facilities, device material quality, and single-use medical device restrictions, all of which restrict the single-use medical device market's growth. Chemical residues from poor cleaning might cause toxicity in the patient. Aside from these risks, physical characteristics may change after reprocessing, exposing patients to the risk and reducing the learning curve for healthcare providers. As a result, the growth of the reprocessing sector for single-use medical equipment is challenged. A scarcity of single-use devices Reprocessed facilities. Only a small number of single-use devices can be reprocessed, making reuse a key challenge for the worldwide single-use medical device industry to expand.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Single-Use Medical Device Reprocessing Market  Analysis By Class I Devices

Based on Class I Devices, the sequential compression sleeves device segment accounted for the largest share of the global single-use medical device reprocessing market in 2023. The segment's domination is likely to continue throughout the forecast period. Stringent rules and regulations by the government concerning environmental safety are escalating the market's growth. In addition, a rise in the flow of patients with several health disorders to hospitals boosts the market demand.

Global Single-Use Medical Device Reprocessing Market Analysis  By Class II Devices

Based on Class II Devices, increasing surgical operations with these devices extensively promotes the market's growth rate. In addition, growing expenditure on healthcare is also one more factor leveraging the growth of the market.

Global Single-Use Medical Device Reprocessing Market Analysis  By End User

In-house reprocessing units and a growing number of partnerships with third-party reprocessing drive global market growth. According to PubMed and the National Institutes of Health, around 45% of the hospitals in 2007 had partnerships with third-party reprocessing organizations and reached 70% in 2008 in the United States.

REGIONAL ANALYSIS

Geographically, the single-use medical device reprocessing market in North America captured the most dominating share of the global market in 2023.

The dominating trend in the North American region is expected to continue during the forecast period owing to the growing adoption of the latest technological development and innovative products. Furthermore, factors such as the region's well-established healthcare industry, rising chronic disease prevalence, and rising surgical procedure volume propel market growth in North America. In addition, the market is anticipated to be fuelled by the growing global acceptance of reprocessed single-use devices, considerable cost savings from the usage of reprocessed SUD, and a low barrier to entry due to the FDA's regulation of reprocessed medical devices.

The Europe single-use medical device reprocessing market had the second largest regional market share in the global market in 2023 and is anticipated to showcase a healthy CAGR in the coming days owing to the rise in demand for single-use medical devices and increased healthcare awareness in the region. Due to its environmental sustainability, the United Kingdom dominates the European single-use medical device reprocessing sector. With improved regulatory rules in place in Germany, a higher grade of reprocessed devices is available on the market, boosting market share compared to other countries in the region over the forecast period. Chronic illness prevalence is increasing, as is the elderly population, and healthcare spending is increasing; the European region is expected to have the highest CAGR during the forecast period.

The APAC single-use medical device reprocessing market is one of the promising regional markets worldwide. In most of Asia, the reuse of single-use medical devices is prevalent, particularly for injection needles, and the market for single-use medical device reprocessing is increasing.

The single-use medical device reprocessing market in Latin America is expected to grow steadily during the forecast period. Growing patient count from chronic diseases, increasing aging population, and increasing improvements in the healthcare infrastructure are favoring the single-use medical device reprocessing market in the Latin American region.

The MEA single-use medical device reprocessing market is anticipated to grow at a sluggish CAGR during the forecast period.

KEY PLAYERS IN THE GLOBAL SINGLE USE MEDICAL DEVICE REPROCESSING MARKET

Companies that play a dominating role in the global 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.Stryker is one of the significant providers of remanufactured compression sleeve devices, and the company has received FDA approval for its product line. The company's remanufactured compression devices are designed to aid in the prevention of deep vein thrombosis, the reduction of post-operative discomfort and swelling, the enhancement of blood circulation, and the speeding up of wound healing.

RECENT HAPPENINGS IN THE MARKET

• In June 2020, NorthEast Scientific Inc. circulated as it had accepted the FDA permission for recycling the .014Digital IVUS catheter. The NEscientifc is a Connecticut-based company. 

• In March 2018, NEScientifc, Inc., famous for its recycling proficiency in developing medical devices, gained 510 (K) clearance from the FDA for manufacturing RF Stylet by Covidien.

DETAILED SEGMENTATION OF GLOBAL SINGLE USE MEDICAL DEVICE REPROCESSING MARKET INCLUDED IN THIS REPORT

This research report on the global single-use medical device reprocessing market has been segmented and sub-segmented based on the class I devices, class ii devices, end-user, and region.

By Class Devices

• Sequential Compression Sleeves
• Tourniquet Cuffs
• Pulse Oximeter Sensors

By Class Devices

• Microdebriders
• Cautery Electrodes
• Laparoscopic Graspers
• Scissors
• Forceps
• Scalpels
• Orthopedic blades
• Drill Bits
• External fixation clamps
• Electrophysiological Cardiac Catheters

By End User

• Hospitals
• Others

 By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa