Grand View Research, Inc. estimates that the global reprocessed medical devices market is expected to reach USD 5.0 billion by 2022. Increased generation of medical waste and the “long-term cost efficiency associated with these devices” are addressed as factors contributing to reprocessing industry growth.
“Consequentially, reprocessing has also facilities reduction in device cost by the original equipment manufacturer in a vain to compete with third-party reprocessors, thus exerting a positive cumulative effect on the industry growth.”
Finally, the report notes that “rising initiatives by organizations such as the Association of perioperative Registered Nurses, American Nursing Association and Practice Greenhealth” have increased awareness with respect to medical device reprocessing as a sustainable alternative.
This information is reported by Grand View Research. AMDR does not makes collect nor does it verify market valuation data.