Europe Medical Device Reprocessing Market Size, Share & Industry Trends Analysis Report By Type (Reprocessing Support & Services and Reprocessed Medical Devices), By Device Category, By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Medical Device Reprocessing Market would witness market growth of 13.5% CAGR during the forecast period (2022-2028).
Following cleaning and inspecting, an instrument is ready and packaged for sterilization. Packaging options include trays, pouches, and wraps for instruments. Instruments that have been cleaned up can be sterilized. Steam sterilization or low-temperature sterilization, including sterilization with evaporated hydrogen peroxide, are the two most often utilized sterilization techniques.
Monitoring sterility assurance ensures that an instrument underwent a cycle that adhered to the cycle requirements approved for the sterility assurance product. Monitoring for sterility assurance confirms that the sterilization cycle adhered to the required sterilization standards. Biological indicators, Bowie-Dick tests, chemical indicators, and reusable test packs are a few sterility assurance products. Reprocessing is the term for a procedure performed on a previously used device to enable its secure reuse.
Germany has the third-biggest medical technology market in the world. It is also by far the largest market in Europe, with a market size that is double that of France and three times that of Italy, the United Kingdom, and Spain. The German medical device market, which accounts for about USD 35.8 billion annually or 25.6% of the entire European market, is one of the most valuable healthcare markets in the world. Germany has a very robust healthcare system, particularly in terms of hospital beds, infrastructure, and skilled personnel.
The Germany market dominated the Europe Medical Device Reprocessing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $264.4 million by 2028. The UK market is anticipated to grow at a CAGR of 12.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 14.3% during (2022 - 2028).
Based on Type, the market is segmented into Reprocessing Support & Services and Reprocessed Medical Devices. Based on Device Category, the market is segmented into Critical Devices, Semi- Critical Devices, and Non- Critical Devices. Based on Application, the market is segmented into Cardiology, Gynecology, General Surgery & Anesthesia, Gastroenterology, Arthroscopy & Orthopedic Surgery, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Medical Device Reprocessing Market will Hit $4 Billion by 2028, at a CAGR of 13.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, Johnson & Johnson, Medline Industries, Inc. (Centurion Medical Products Corporation), Medtronic PLC, Steris Healthcare, Arjo Group (ReNu Medical, Inc.), Cardinal Health, Inc. (Sustainable Technologies), Avante Health Solutions, Konoike Group, and Vanguard AG.
Scope of the Study
Market Segments Covered in the Report:
- Reprocessing Support & Services
- Reprocessed Medical Devices
By Device Category
- Critical Devices
- Semi- Critical Devices
- Non- Critical Devices
- General Surgery & Anesthesia
- Arthroscopy & Orthopedic Surgery
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Stryker Corporation
- Johnson & Johnson
- Medline Industries, Inc. (Centurion Medical Products Corporation)
- Medtronic PLC
- Steris Healthcare
- Arjo Group (ReNu Medical, Inc.)
- Cardinal Health, Inc. (Sustainable Technologies)
- Avante Health Solutions
- Konoike Group
- Vanguard AG
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