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Global Report Of Reprocessed Medical Devices Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

(EuropeNewsWire.Net, May 16, 2018 ) How Reprocessing medical devices led to a helping hand to the healthcare
Reprocessed Medical Devices Market: Reprocessing of medical devices is a process of disinfecting, testing, cleaning, sterilizing, packaging, labeling, cleaning and remanufacturing of used, damaged and expired medical devices to keep it ready for patient use at reduced and affordable price. Reprocessing medical device is a crucial part of the life cycle of medical devices globally. Reprocessed medical devices potentially decrease hospital costs which can lead to the compromised safety of the patients. The reprocessing of medical devices should follow a stringent process, in order to be reused again without compromising on the life cycle, efficacy and risks involved in the reuse and manufacture of devices.

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Reprocessing medical devices will help in reducing the cost of the manufacturing, reducing the medical waste, demand of reprocessed medical devices, these are some of the factors which are owing to the increase in the global Reprocessed Medical Devices Market. Government initiatives for collaboration with various private healthcare to promote reprocessed medical devices are some of the key factors leading to the demand for reprocessed medical devices market. But on the other hand constant perception of quality compromised quality of reprocessed medical devices due to infection or similar factors are likely to hamper the growth of reprocessed medical devices markets globally.

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The global reprocessed medical device market is categorized as follows-
1. Product type
a. Cardiovascular Medical Devices
o Cardiac Stabilization and Positioning Devices
o Blood Pressure Cuffs/Tourniquet Cuffs
o Electrophysiology Cables
o Deep Vein Compression Sleeves (DVT)
o Diagnostic Electrophysiology Catheters
b. Laparoscopic Medical Devices
o Harmonic Scalpels
o Endoscopic Trocars and Components
o General Surgery Medical Devices
o Infusion Pressure Bags
o Balloon Inflation Devices
c. Orthopedic/ Arthroscopic Medical Devices
o External Fixation Devices
o Gastroenterology Medical Devices
o Biopsy Forceps
2. End users
Hospitals, Clinics, Ambulatory Surgical Centers, Community Healthcare, Diagnostic Laboratories, etc.

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Also, it is based on five geographical regions- North America, Latin America, the Middle East & Africa, Europe and Asia-Pacific. North America is predicted to be the largest market for the reprocessed medical devices market followed by Europe. Availability of advancements in technology for reprocessing and sanitization, waste management by government and privately held companies are contributing factors to the growth of the reprocessed medical devices market. It is said that Asia-Pacific market is likely to grow in fore coming years, to which is showing highest demand for the reprocessed medical devices due to the price-sensitive customer base and large population is driving force for the demand for affordable medical devices. Some of the important companies in the reprocessed medical devices market are Renewal (US), Johnson & Johnson (US), Stryker Corporation (US), Vanguard AG (Germany), SteriPro Canada Inc. (US), Centurion Medical Products Corporation (US), etc. In 2017, the European Union (EU) passed a Medical device regulation (MDR) for single user devices (SUD) reprocesses.

Reprocessing of medical devices is slowly becoming a helping hand in cost reduction to maintain patient care quality without compromising the quality while saving substantial cost. Reprocessed medical devices used by physicians is a creating a winning situation of the contenders. The reprocessing factor is driving force to keep the quality and standards high which will increase the value of the medical devices. Hospitals are the largest consumer of the reprocessed medical devices. The increasing rate of demand, asks for the quality supply of the reprocessed medical devices which will long-term cost efficacy. According to Association of Medical devices reprocessors in the U.S., nearly there are 3,000 hospitals with medical device reprocessing programs.

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