Source: Shawn Morgan, QWTJ LIVE
Zion Research has published a new report titled “Reprocessed Medical Devices Market (Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices Gastroenterology Medical Devices and General Surgery Medical Devices) for Hospital and Home Healthcare: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”.According to the report, the global reprocessed medical devices market was valued at approximately USD 1.42 billion in 2015 and is expected to reach approximately USD 4.02 billion by 2021, growing at a CAGR of around 19.7% between 2016 and 2021…
The market is primarily driven by the increasing significance and need for medical waste disposal. Favorable government initiatives are another key driving factor for reprocessed medical device market.Moreover, the growing concern regarding high volume of waste and landfills generated globally is influential in shifting the focus towards reprocessing of medical devices. However, reluctance in adopting reprocessed medical devices may hamper the market growth within the forecast period. Nonetheless, reduced product pricing of reprocessed devices is anticipated to open up new growth opportunities in the near future…
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