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The Asia-Pacific Single-use Medical Device Reprocessing Market is Segmented by Device Type (Class I Devices and Class II Devices) and Geography
2018 - 2026
The Single-use Medical Device Reprocessing is gaining popularity as its helps to reduce hospital waste and allows for major costs savings. The market is also being driven by the reprocessing of single-use devices that results in environment sustainability.
The lowering of the overall cost of healthcare through the reprocessing of single-use devices is the primary factor driving this market. The process has been rationalized and legislated in Japan. In India, 80% of healthcare is provided by the private sector. There are certain policies being used by the private sector, which helps to diminish the financial burden substantially and reduces the overall economic burden through reduced medical bills generated for the patient.
Therefore in the past decade, increased use of reprocessed single-use devices has been observed in the emerging markets, which are likely to drive the growth of the single-use medical device reprocessing market.
In addition, the poor regulations regarding the SUD reprocessing in emerging markets is the major obstacle for the growth of SUD reprocessing market in the developing countries. Furthermore the practice of SUDs reprocessing is unregulated due to the scarcity of guidance from the regulatory authorities.
As per the scope of the report, reprocessing of single-use medical devices (SUDs) is an exercise of inspecting, cleaning, function testing, sterilizing and packaging so that they can be clinically and carefully used again. A reprocessed single-use device is an original device that has previously been used and has been subjected to additional processing and manufacturing for the purpose of an additional single use on a patient. The reuse of single-use devices has been increasing as a cost-saving measure.
|By Device Type|
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The Class II medical devices segment includes the Pulse Oximeter Sensors, Sequential Compression Sleeves, Catheters and Guidewires and Other Class II Devices.
The Class II devices are expected to record a large share owing to the increasing number of cardiac interventions and the consequent economic load demand for assessing SUDs’ reuse. Japan does not have any regulations for the reprocessing of single-use medical devices. Therefore, regulatory authorities, such as the Ministry of Health, Labor and Welfare (MHLW) (Japan), in collaboration with the FDA are focusing on generating new medical device reprocessing guidelines for Japan. Therefore all these factors are expected to drive the overall market.
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The major players in the Asia-Pacific single-use medical device reprocessing market include Medline Industries, Inc., NEScientific, Inc., ReNu Medical Inc., Soma Technology, Inc., Sterilmed Inc. (Johnson & Johnson), and Stryker Corporation.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Significance of Medical Waste Minimization
4.2.2 Reprocessing Single-use Devices Results in Environment Sustainability
4.2.3 Cost-Saving through Reprocessing Single-use Devices
4.3 Market Restraints
4.3.1 Poor Regulation of SUD Reprocessing in Emerging Markets
4.3.2 Preconceived Notion regarding the Quality of Reprocessed Single-use Medical Devices
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Class I Devices
126.96.36.199 Laparoscopic Graspers
188.8.131.52 Other Class I Devices
5.1.2 Class II Device
184.108.40.206 Pulse Oximeter Sensors
220.127.116.11 Sequential Compression Sleeves
18.104.22.168 Catheters and Guidewires
22.214.171.124 Other Class II Devices
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medline Industries, Inc.
6.1.2 NEScientific, Inc.
6.1.3 ReNu Medical Inc. (Arjo Inc.)
6.1.4 Soma Technology Inc.
6.1.5 Sterilmed Inc. (Johnson & Johnson)
6.1.6 Stryker Corporation
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments