Data Bridge Market Research this week released a new report on the market size of the medical device reprocessing industry. The new report “Global Medical Device Reprocessing Market” forecasts that the sector will grow at a CAGR of 14.90% during the forecast period of 2017 to 2024.


The market research firm attributes the expected growth and increase in demand for reprocessed medical devices due to three main drivers:


  1. Pressure to decrease medical device due to environmental concerns.
  2. Lower prices of reprocessed medical devices compared to new ones.
  3. Increase in number of surgical procedures.