In the year 2016, the South America Single-Use Medical Device (SUD) reprocessing market was valued at USD XX million and it is expected to reach a market value of USD XX million by the year 2021, growing at a CAGR of X.X% during the forecast period (2016-2021).
SUDs are meant for a single use but some of the SUDs can be used multiple times with proper reprocessing. Use of reprocessed SUDs is a common practice around the world and is particularly popular in emerging markets.
SUD reprocessing is strictly regulated in most developed countries with well-established protocols for reprocessing. However, the situation is quite opposite in emerging markets where in the regulators have little to no control over the SUD reprocessing. Only a limited number of SUDs are suitable for reprocessing and all SUDs cannot be reprocessed.
South America Single-Use Medical Device Reprocessing Market-Market Dynamics
The huge cost savings associated with the use of reprocessed SUDs along with the positive environmental impact of SUD reprocessing and low barrier to entry are driving the growth of this market. The preconceived notions regarding the quality of reprocessed SUDs along with very little to no regulation of SUD reprocessing in emerging markets and reduction in manufacturer profits are hindering the growth of this market.
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.
The South America SUD reprocessing market has been segmented on the basis of the device into Class-I and Class-II devices. The Class-I devices have been further segmented into sequential compression sleeves, tourniquet cuffs, and pulse oximeter sensors. The Class-II devices have been further segmented into microdebriders, cautery electrodes, laparoscopic graspers, scissors, forceps, scalpels, orthopedic blades, drill bits, external fixation clamps, and electrophysiological cardiac catheters.
Based on geography, this market has been segmented into Brazil, Argentina and Rest of South America.
Some of the key players in the market are:
- Hygia
- Medline ReNewal
- NEScientific
- ReNu Medical
- SterilMed
What the Report Offers
- Market analysis for the South America single-use medical device reprocessing market, with region-specific assessments and competition analysis.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the market.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
1. Introduction
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period
1.6 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast
2.4 Expert Validation
2.5 Study Timeline
3. Executive Summary
4. Key Inferences
5. Market Overview and Industry Trends
5.1 Current Market Scenario
5.2 Market Overview
5.3 New Developments
5.4 Porter's Five Forces
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat to New Entrants
5.4.4 Threat to Substitute Products and Services
5.4.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis
6.1 Market Drivers
6.1.1 Cost Savings
6.1.2 Environmentally Friendly
6.1.3 Low Barrier to Entry
6.2 Market Restraints
6.2.1 Preconceived Notions Regarding the Quality of Reprocessed Single Use Medical Devices (SUDs)
6.2.2 Very Little to No Regulation of SUD Reprocessing in Emerging Markets
6.2.3 Reduction in Manufacturer Profits
6.3 Key Challenges
6.3.1 Unauthorized Overuse of Reprocessed SUDs in Emerging Markets
6.4 Current Opportunities in the Market
6.4.1 Lack of Dedicated SUD Reprocessing Facilities in Emerging Markets
7. South America SUD Reprocessing market, by Device
7.1 Class I Devices
7.1.1 Sequential Compression Sleeves
7.1.2 Tourniquet Cuffs
7.1.3 Pulse Oximeter Sensors
7.2 Class II Devices
7.2.1 Microdebriders
7.2.2 Cautery Electrodes
7.2.3 Laparoscopic Graspers
7.2.4 Scissors
7.2.5 Forceps
7.2.6 Scalpels
7.2.7 Orthopedic Blades
7.2.8 Drill Bits
7.2.9 External Fixation Clamps
7.2.10 Electrophysiological Cardiac Catheters
8. South America SUD Reprocessing Market, By Geography
8.1 Brazil
8.2 Argentina
8.3 Rest of South America
9. Competitive Landscape
9.1 Merger and Acquisition Analysis
9.2 New Product Launches
9.3 Agreements, Collaborations, and Partnerships
10. Key Vendor Analysis
10.1 Hygia
10.2 Medline ReNewal
10.3 NEScientific
10.4 ReNu Medical
10.5 SterilMed
10.6 Stryker Sustainability Solutions
10.7 Sure Tek Medical
10.8 Vanguard
11. Analyst Outlook for Investment Opportunities
12. Future Outlook of the Market
LIST OF TABLES
1 South America Single Use Medical Device Reprocessing market (USD Million) (2015-2021)
2 South America Single Use Medical Device Reprocessing market-Segmentation by Geography (USD Million) (2015-2021)
3 South America Single Use Medical Device Reprocessing market-Segmentation by Device (USD Million) (2015-2021)
4 South America Single Use Medical Device Reprocessing market Segmentation by Device – Class I Devices (USD Million) (2015-2021)
5 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class I Devices –Sequential Compression Sleeves (USD Million) (2015-2021)
6 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class I Devices – Tourniquet Cuffs (USD Million) (2015-2021)
7 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class I Devices – Pulse Oximeter Sensors (USD Million) (2015-2021)
8 South America Single Use Medical Device Reprocessing market Segmentation by Device – Class II Devices (USD Million) (2015-2021)
9 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Microdebriders (USD Million) (2015-2021)
10 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Cautery Electrodes (USD Million) (2015-2021)
11 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Laparoscopic Graspers (USD Million) (2015-2021)
12 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Scissors (USD Million) (2015-2021)
13 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Forceps (USD Million) (2015-2021)
14 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Scalpels (USD Million) (2015-2021)
15 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Orthopedic Blades (USD Million) (2015-2021)
16 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Drill Bits (USD Million) (2015-2021)
17 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – External Fixation Clamps (USD Million) (2015-2021)
18 South America Single Use Medical Device Reprocessing market - Geographical Segmentation by Device – Class II Devices – Electrophysiological Cardiac Catheters (USD Million) (2015-2021)
