PRNewswire reports on how reprocessed medical devices market is rising to new heights.
“As per the TMR report, the global reprocessed medical devices market is likely to rise at a robust 14.9% CAGR between 2016 and 2024, for the market to touch a valuation of US$3.35 bn by the end of 2024. The demand in the market translated into a revenue of US$982.7 mn in 2015. By device type, cardiovascular medical devices lead among other segments. The vast demand of cardiovascular devices is mainly because of increasing incidence of cardiovascular diseases in both developing and developed countries. Geography-wise, North America held the top spot with leading share in the overall market in 2016. Favorable regulatory scenario for uptake for duly tested and certified reprocessed medical devices makes North America the leading region.”