5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
The market is segmented by Device (Class I Devices, Class II Devices) and Geography.
The South America Single-Use Medical Device (SUD) reprocessing market is anticipated to grow at a CAGR of 4.5% over the forecast period. Rising clinical urgency to minimize the generation of medical waste in healthcare settings and hospitals is a among the key factors driving the market growth.
The use of reprocessed SUDs also results in reduction of costs associated with special handling and waste management of devices. Healthcare facilities not only save 50% for every reprocessed SUD they purchase and spend less on medical disposal, but they also save money when the original equipment manufacturers (OEMs) lower their prices to compete with third-party reprocessors, thus lowering the overall cost of healthcare.
Along with cost reduction, it also results in environmental sustainability. SUD reprocessing is one of the top healthcare supply chain strategies used to reduce costs and optimize resources. The aforementioned factors are anticipated to contribute towards the development of industry in the immediate future. However, 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.
Single-use device (SUD) reprocessing includes cleaning, disinfection, and sterilization, as well as testing and restoration of the technical and functional safety of the used device. Reprocessing of SUDs makes it possible for hospitals to maintain patient care quality while saving substantial amounts of money.
Report scope can be customized per your requirements. Click here.
To understand key trends, Download Sample Report
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 Cost Savings Through Reprocessing Single-use Devices
4.2.2 Regulatory Pressure to Reduce Volume of Medical Waste
4.3 Market Restraints
4.3.1 Potential of Material Alteration and Cross Infection with Reprocessed Device
4.3.2 Preconceived Notions Regarding the Quality of Reprocessed Single-use Medical Devices (SUDs)
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
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
22.214.171.124 Laparoscopic Graspers
126.96.36.199 Tourniquet Cuffs
188.8.131.52 Other Class I Devices
5.1.2 Class II Devices
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
5.2.1 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 Medline Industries Inc.
6.1.4 ReNu Medical (Arjo)
6.1.5 Sterilmed Inc. (Johnson & Johnson)
6.1.6 Stryker Corporation
6.1.7 SureTek Medical
7. MARKET OPPORTUNITIES AND FUTURE TRENDS