5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
South America Single-Use Medical Device Reprocessing Market - Growth, Trends, and Forecast (2020 - 2025)
The market is segmented by Device (Class I Devices, Class II Devices) and Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2017-2025
Base Year:
2019
CAGR:
4.5 %
Need a report that reflects how COVID-19 has impacted this market and its growth?
Market Overview
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.
Scope of the report
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.
Key Market Trends
Sequential Compression Sleeves by Class II Device Segment is Poised to Register Robust Growth
- Sequential compression sleeves are designed to increase venous blood flow in patients with deep vein thrombosis and pulmonary embolism. Compression sleeves are considered reusable, as they can withstand the necessary cleaning and sterilization process.
- The quality of device and physical characteristics are not likely to be affected by reprocessing and the device remains safe and effective for its intended use. Compression sleeves account for the greatest volume of overall business of SUDs reprocessing.
- Stryker is the leading provider of reprocessed compression sleeve devices. The company’s reprocessed compression devices are intended for use in preventing deep vein thrombosis, reducing post-operative pain and swelling, enhancing blood circulation, and reducing wound healing time.The annual savings estimate of Stryker for DVT compressor sleeves is USD 27,950.
To understand key trends, Download Sample Report
Competitive Landscape
- The South America Single-use Medical Device Reprocessing Market is moderately competitive and consists of several major players. In terms of market share, a few of the major players currently dominate the market. The major market players include Hygia, Medline ReNewal, NEScientific, ReNu Medical, SterilMed among others.
You can also purchase parts of this report. Do you want to check out a section wise price list?
Table Of Contents
1. INTRODUCTION
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
5.1.1.1 Laparoscopic Graspers
5.1.1.2 Scalpels
5.1.1.3 Tourniquet Cuffs
5.1.1.4 Other Class I Devices
5.1.2 Class II Devices
5.1.2.1 Pulse Oximeter Sensors
5.1.2.2 Sequential Compression Sleeves
5.1.2.3 Catheters and Guidewires
5.1.2.4 Other Class II Devices
5.2 Geography
5.2.1 South America
5.2.1.1 Brazil
5.2.1.2 Argentina
5.2.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Hygia
6.1.2 Medline Industries Inc.
6.1.3 NEScientific
6.1.4 ReNu Medical (Arjo)
6.1.5 Sterilmed Inc. (Johnson & Johnson)
6.1.6 Stryker Corporation
6.1.7 SureTek Medical
6.1.8 Vanguard
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
LINKS
JOIN US
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Interested? Please email us
[email protected]© 2020. All Rights Reserved to Mordor Intelligence.