Reprocessed Medical Devices Market Projected to Register 14.9% CAGR Through 2024

The Association of Medical Device Reprocessors (AMDR) said in a report that the average hospital could save anywhere between US$500,000 and US$2 million per year by opting for reprocessed medical devices instead of new ones. For many healthcare institutions across the world, this is too enticing a proposition to ignore.  Still, many medical practitioners and patients alike hold a negative perception toward reprocessed medical devices. This impression is changing with time, but it does remain a restraint for the reprocessed medical devices market.