Reprocessed Medical Devices Market to Post 19.3% CAGR Underpinned by Healthcare Industry’s Focus on Cost Savings
MedGadget reports that medical device reprocessing is fast being streamlined into an organized industry that creates millions of dollars by way of revenues.
Reprocessing “not only helps to make optimum use of the medical devices, but also make[s] them accessible to healthcare institutions and patients who cannot afford new medical devices. The global reprocessed medical devices market approximated US$0.78 billion in 2013 and will expand to touch US$2.58 billion by 2020, translating into an appreciable CAGR of 19.3%.”
Highlights
- Cost Savings Entice Uptake of Reprocessed Medical Devices
- Highest Demand to be Seen for Reprocessed Cardiovascular Medical Devices
- North America is Top Region in Global Reprocessed Medical Devices Market