Asia-Pacific Single-use Medical Device Reprocessing Market Size

APAC Single Use Medical Device Reprocessing Market Analysis

The single-use medical device reprocessing market is expected to register a CAGR of 5% over the forecast period.

The COVID-19 pandemic negatively affected the single-use medical reprocessing market due to the impact of reprocessing activities. Many business activities were affected worldwide due to COVID-19 restrictions, which led to a decline in market capitalization and businesses. But now, conditions are improving with the vaccination process, and the market is expected to be at its pre-COVID era status. The COVID-19 pandemic led to a massive surge in various medical devices and instruments, such as ventilators, oxygen concentrators, pulse oximeters, suction pumps, central venous catheters, and thermocyclers. It has also created an opportunity for the studied market in the future.

Factors such as cost savings through reprocessing single-use medical devices, increasing regulatory pressure to reduce the volume of medical waste, the rising burden of chronic diseases, and the growing geriatric population will boost the market studied. Also, the new activities launched in the market and the key strategies adopted, such as mergers and acquisitions, are expected to increase the studied market. As per the research article published in December 2021 by Environmental Health, the healthcare system of high-income countries mostly depends on a linear supply chain that contains single-use disposable medical devices. It increases healthcare expenditure and creates other problems, such as waste and pollution. It indirectly but severely affects the surrounding ecosystem. Thus, reprocessing medical devices reduces the amount of medical waste generated and propels the market growth.

Additionally, growing demands for recycling and reusability due to factors such as rising awareness among the public and campaigns from various NGOs working to reduce medical waste and increase the recycling measure are also expected to boost the growth of the single-use medical device reprocessing market during the forecast period. Thus, due to the factors mentioned above, the studied market is expected to grow significantly during the study period.

However, concerns such as potential material alteration during reprocessing, cross infection with reprocessed devices, and a general notion regarding the quality of reprocessed single-use medical devices among healthcare providers will impede the growth of the studied market.