Sci/Tech Nation, based on data from a Future Markets Insights Global Analysis, reports that due to rising healthcare costs and the high price of medical devices, the demand for reprocessed medical devices is expected to witness high growth over the forecast period of 2017-2027.
The low price of the reprocessed devices is a major factor responsible for the rising demand of the reprocessed medical devices: reprocessed medical devices cost nearly 30% – 40% less as compared to new devices. Hospitals are the largest consumer segment of the reprocessed medical devices. The adoption rate of the reprocessed medical devices is witnessing significant increase among the hospitals a result of an increasing number of hospitals operating under limited budgets and long term cost efficacy. For instance, in the U.S. there are nearly 3,000 hospitals with medical device reprocessing programs.
The global reprocessed medical devices market is expected to witness robust growth over the forecast period owing to an emphasis on reduction of medical waste.
North America is expected to be the largest maker of reprocessed medical devices followed by Western Europe. For more information on the report, Read More.