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