Transparency Market Research

Transparency Market
Research
Reprocessed Medical Devices Market - Global
Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020
Published Date
125 Page Report
28-Aug-2014
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Press Release
Reprocessed Medical Devices Market Expected to Reach USD 2.58

Billion Globally in 2020
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Reprocessed Medical Devices

Market
REPORT DESCRIPTION
Reprocessed Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 - 2020
According to a new market report published by Transparency Market Research Reprocessed Medical
Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020, the
global reprocessed medical devices market was valued at USD 0.78 billion in 2013 and is expected to grow
at a CAGR of 19.3% from 2014 to 2020, to reach USD 2.58 billion in 2020.
Medical device reprocessing refers to the practice of inspecting, cleaning, testing, sterilizing and packaging
of used and expired medical devices, such that the devices are usable and safe for their appropriate
clinical application. Reprocessing of medical devices has been observed for over two decades; however,
several events have changed both practitioner and regulatory views of the occasionally-maligned medical
devices. Generally, there are three types of medical device reprocessing methods: third party
reprocessing, non-compliant reprocessors (by health clinics) and in-house reprocessing (by laboratories
and hospitals). All the reprocessed medical devices are subject to the regulatory requirements and must
meet strict functionality, cleaning sterility and safety standards prior to commercialization.
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According to the Association of Medical Device Reprocessors (AMDR), more than 3,000 hospitals in the
U.S. use reprocessed medical devices, due to which, almost 13,000 tons of medical waste has been
eliminated to date. Moreover, approximately USD 2 billion to USD 3 billion worth medical expenditure
could be saved by using reprocessed medical devices in the U.S. every year, and a typical hospital could
save around USD 500,000 to USD 2 million per year. Hence, huge cost savings from using reprocessed
medical devices has attracted several hospitals in adopting these devices. This factor is driving the growth
of the market, especially in countries such as the U.S. and Canada. Moreover, the prices of reprocessed
medical devices are observed to be almost half of the original equipment, which makes them affordable
for procurement, thereby spurring the demand.

Market
The reprocessed medical devices market has been primarily segmented based on the type of devices that
are most commonly reprocessed. Based on types of devices, the market has been segmented into
cardiovascular, general surgery, laparoscopic, orthopedic and gastroenterology devices. Cardiovascular
devices have been further segmented into blood pressure cuffs/tourniquet cuffs, cardiac stabilization
devices, Deep Vein Thrombosis (DVT) compression sleeves, diagnostic electrophysiology catheters and
electrophysiology cables. Laparoscopic devices have been further classified into endoscopic trocars and
components as well as harmonic scalpels. The reprocessed cardiovascular devices segment is expected to
lead the market during the forecast period from 2014 to 2020, at an impressive CAGR of over 16%.
Factors such as reduced pricing of the products, high usage and growing pressure to reduce healthcare
expenditure among hospital authorities have been attributed to the healthy growth of the reprocessed
cardiovascular devices segment.
In terms of geography, North America accounted for the largest share of the reprocessed medical devices
market in 2013 (over 80%). North America is the largest market for reprocessed medical devices due to
the increasing adoption rate of reprocessed medical devices and encouraging regulatory policies. Europe is
estimated to witness the fastest growth rate (more than 15%) due to various factors such as growing
demand for reprocessed medical devices and awareness about the potential savings in healthcare. At
present, the European Union neither prohibits nor encourages the use of reprocessed medical devices in
hospitals and healthcare facilities. However, with the introduction of uniform regulations on medical device
reprocessing, the region is expected to experience remarkable market growth during the forecast period.
The global reprocessed medical devices market is highly consolidated in nature and is dominated by three
major players, enjoying a market share of more than 90% of the overall industry. Major players include
Stryker Sustainability Solutions, Inc., SterilMed, Inc., Medline ReNewal, Hygia Health Services, Inc. and
ReNu Medical, Inc. Stryker Sustainability Solutions, Inc. held the largest share of over 60% of the total
reprocessed medical devices market in 2013.
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The global reprocessed medical devices market has been segmented as follows:
Reprocessed Medical Devices Market, by Type of Devices
Cardiovascular Medical Devices

Market
Blood Pressure Cuffs/Tourniquet Cuffs
Cardiac Stabilization And Positioning Devices
Compression Sleeves (DVT)
Diagnostic Electrophysiology Catheters
Electrophysiology Cables
Laparoscopic Medical Devices
Endoscopic Trocars And Components
Harmonic Scalpels
Orthopedic/ Arthroscopic Medical Devices
External Fixation Devices
Gastroenterology Medical Devices
Biopsy Forceps
General Surgery Medical Devices
Balloon Inflation Devices
Infusion Pressure Bags
Reprocessed Medical Devices Market, by Geography

- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)

Market
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TABLE OF CONTENT
Chapter 1 Introduction
1.1 Report Description
1.1 Research Methodology
1.2 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Telemedicine Market
2.2 Global Telemedicine Market, by Specialty, 2013 (USD Million)
2.3 Global Telemedicine Market, by Service Type, 2013 (USD Million)
2.4 Comparative Analysis: Global Telemedicine Market, by Geography, 2013 & 2020 (Value %)
Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Cost & time efficiency seen as the major factor for increased favor among both rural and
urban healthcare institutions
3.2.1.2 Increasing demand for personal healthcare and privacy key in promoting usage of
telemedicine

Market
3.2.1.3 Growth of techno savvy individuals shifts public preference from traditional medicine to
telemedicine
3.2.1.4 Increased government spending and reimbursement policies to boost telemedicine
preference.
3.2.2 Market Restraints
3.2.2.1 Dearth of dedicated medical staff exclusive for telemedicine
3.2.2.2 Delayed response time exhibited by some forms of telemedicine hampering overall
industry image
3.2.2.3 Inadequate/Incomplete assessment being reported by some patients and medical
practitioners
3.2.3 Market Opportunities
3.2.3.1 Proliferation of mobile telecommunication technology to boost coverage of patient pool in
rural markets worldwide
3.2.3.2 Advanced imaging and telemedicine technology to boost patient assessment and thereby
the global market
3.3 Porters Five Forces Analysis: Global Telemedicine Market
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitutes
3.3.5 Competitive Rivalry
3.4 Market Attractiveness Analysis of the Global Telemedicine Market, by Geography
3.5 Heat Map Analysis for Telemedicine Market, by Key Market Players and Regional presence

Market
3.5.1 Heat Map Analysis for Global Telemedicine Market, by Key Market Players and Regional Presence
Chapter 4 Global Telemedicine Market, by Specialty
4.1 Introduction
4.1.1 Global Telemedicine Market Revenue, by Specialty, 2012-2020 (USD Million)
4.2 Cardiology
4.2.1 Global Telemedicine Market Revenue in Cardiology, 2012-2020 (USD Million)
4.3 Dermatology
4.3.1 Global Telemedicine Market Revenue in Dermatology, 2012-2020 (USD Million)
4.4 Neurology
4.4.1 Global Telemedicine Market Revenue in Neurology, 2012-2020 (USD Million)
4.5 Gynecology
4.5.1 Global Telemedicine Market Revenue in Gynecology, 2012-2020 (USD Million)
4.6 Orthopedics
4.6.1 Global Telemedicine Market Revenue in Orthopedics, 2012-2020 (USD Million)
4.7 Emergency care
4.7.1 Global Telemedicine Market Revenue in Emergency Care, 2012-2020 (USD Million)
4.8 Internal Medicine
4.8.1 Global Telemedicine Market Revenue in Internal Medicine, 2012-2020 (USD Million)
4.9 Others
4.9.1 Global Telemedicine Market Revenue in Others, 2012-2020 (USD Million)

Market
Chapter 5 Global Telemedicine Market, by Service Type

5.1 Overview
5.1.1 Global Telemedicine Market Revenue, by Service Type, 2012-2020 (USD Million)
5.2 Tele-consultation
5.2.1 Global Tele-Consultation Market Revenue, 2012-2020 (USD Million)
5.3 Tele-Monitoring
5.3.1 Global Tele-Monitoring Market Revenue, 2012-2020 (USD Million)
5.4 Tele-Education
5.4.1 Global Tele-Education Market Revenue, 2012-2020 (USD Million)
5.5 Tele-Training
5.5.1 Global Tele-Training Market Revenue, 2012-2020 (USD Million)
5.6 Tele-Care
5.6.1 Global Tele-Care Market Revenue, 2012-2020 (USD Million)
5.7 Tele-Surgery
5.7.1 Global Tele-Surgery Market Revenue, 2012-2020 (USD Million)
Chapter 6 Global Telemedicine Market, by Geography
6.1 Overview
6.1.1 Global Telemedicine Market, by Geography, 2012 2020 (USD Million)
6.2 North America
6.2.1 North America Telemedicine Market Revenue, by Specialty, 2012 2020 (USD Million)
6.2.2 North America Telemedicine Market Revenue, by Service Type, 2012 2020 (USD Million)

Market
6.2.3 North America Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.3 Europe
6.3.1 Europe Telemedicine Market Revenue, by Specialty, 2012 2020 (USD Million)
6.3.2 Europe Telemedicine Market Revenue, by Service Type, 2012 2020 (USD Million)
6.3.3 Europe Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Telemedicine Market Revenue, by Specialty, 2012 2020 (USD Million)
6.4.2 Asia Pacific Telemedicine Market Revenue, by Service Type, 2012 2020 (USD Million)
6.4.3 Asia Pacific Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.5 Rest of the World
6.5.1 RoW Telemedicine Market Revenue, by Specialty, 2012 2020 (USD Million)
6.5.2 RoW Telemedicine Market Revenue, by Service Type, 2012 2020 (USD Million)
6.5.3 RoW Telemedicine Market Revenue, 2012 - 2020 (USD Million)
Chapter 7 Recommendations
7.1 Success Strategies (Key Focus Areas)
Chapter 8 Company Profiles
8.1 Aerotel Medical Systems Ltd.
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Product Portfolio
8.1.4 Business Strategies

Market
8.1.5 Recent Developments

8.2 Allscripts Healthcare Solutions, Inc.
8.2.3 Product and Service Portfolio
8.3 AMD Global Telemedicine, Inc.
8.3.1 Company Profile
8.4 CARDIOCOM, LLC
8.4.3 Product Portfolio and Services
8.5 Cisco Systems, Inc.
10

Market

8.6 F. Hoffmann-La Roche Ltd.
8.7 Honeywell HomMed LLC
8.8 InTouch Technologies, Inc.
11

Market

8.9 LifeWatch AG
8.10 McKesson Corporation
8.11 OBS Medical Ltd.
8.12 Philips Healthcare
12

Market

8.13 Polycom, Inc.
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About Us
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our
business offerings represent the latest and the most reliable information indispensable for businesses to
sustain a competitive edge.
Contact
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Market
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125 Page Report

Reprocessed Medical Devices Market Expected to Reach USD 2.58