Medical Device Reprocessing Market Worth 1,754 Million USD by 2022

PUNE, India, Jun 19, 2017 (PR Newswire Europe via COMTEX) — PUNE, India, June 19, 2017 /PRNewswire/ —

According to a new market research report “Medical Device Reprocessing Market by Product (Reprocessed Device (Catheter, Endoscope, Laparoscopic Instruments, Biopsy, Pulse Oximeter), Service), Application (Cardiology, Gastroenterology, Arthroscopy, Orthopedic, Anesthesia) – Global Forecast to 2022”, published by MarketsandMarkets(TM), the Medical Device Reprocessing Market is expected to reach USD 1,754 Million by 2022 from an estimated USD 823.5 Million in 2017, at a CAGR of 16.3%.

Browse 75 market data tables and 24 figures spread through 145 pages and in-depth TOC on”Medical Device Reprocessing Market” http://www.marketsandmarkets.com/Market-Reports/reprocessed-refurbished-medical-devices-ma rket-583.html [http://www.marketsandmarkets.com/Market-Reports/reprocessed-refurbished-medical-devices-market-583.html?utm_source=prnewswire&utm_medium=Refferal&utm_campaign=PaidPR ]

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The key factors driving the growth of this market include the low prices of reprocessed medical devices as compared to new devices and the pressure to reduce the volume of regulated medical waste (RMW) generated by various healthcare organizations. However, the risk of transmission of surgical site infections associated with the use of reprocessed medical devices may hinder the growth of this market to a certain extent.

By product and service, the reprocessing support and services segment accounted for the largest share of the market in 2016

On the basis of product and service, the Medical Device Reprocessing Market is broadly segmented into reprocessing support & services and reprocessed medical device. In 2016, reprocessing support and services accounted for the largest share of this market and expected to grow at the highest CAGR during the forecast period. This is primarily attributed…

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