Europe Single-Use Medical Device Reprocessing Market - Growth, Trends, and Forecasts (2017 - 2022)
In the year 2016, the Asia-Pacific Single-Use Medical Device (SUD) reprocessing market was valued at USD XX million and it is expected to reach a market value of USD XX million by the year 2021, growing at a CAGR of X.X% during the forecast period (2017 - 2022). SUDs are meant for a single use but some of the SUDs can be used multiple times with proper reprocessing. Use of reprocessed SUDs is a common practice around the world and is particularly popular in emerging markets. SUD reprocessing is strictly regulated in most developed countries with well-established protocols for reprocessing. However, the situation is quite opposite in emerging markets where in the regulators have little to no control over the SUD reprocessing. Only a limited number of SUDs are suitable for reprocessing and all SUDs cannot be reprocessed. Asia-Pacific Single-Use Medical Device Reprocessing Market-Market Dynamics The huge cost savings associated with the use of reprocessed SUDs along with the positive environmental impact of SUD reprocessing and low barrier to entry are driving the growth of this market. The preconceived notions regarding the quality of reprocessed SUDs along with very little to no regulation of SUD reprocessing in emerging markets and reduction in manufacturer profits are hindering the growth of this market. 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. The Asia-Pacific SUD reprocessing market has been segmented on the basis of the device into Class-I and Class-II devices. The Class-I devices have been further segmented into sequential compression sleeves, tourniquet cuffs, and pulse oximeter sensors. The Class-II devices have been further segmented into microdebriders, cautery electrodes, laparoscopic graspers, scissors, forceps, scalpels, orthopedic blades, drill bits, external fixation clamps, and electrophysiological cardiac catheters. Based on geography, this market has been segmented into China, Japan, India, South Korea, Australia and Rest of APAC. Some of the key players in the market are: Hygia Medline ReNewal NEScientific ReNu Medical SterilMed What the Report Offers Market analysis for the Asia-Pacific single-use medical device reprocessing market, with region-specific assessments and competition analysis. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the market. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.