The increase in the demand for surgical procedures over the past few years has led the growth of the single-use medical device reprocessing market across the globe. With the improvements in surgical techniques, the minimally invasive procedures have been fulfilling the requirement of smaller incisions and the procedure typically produce less post-surgical pain, superior results, and faster recoveries. The regular transformations are expected to be seen in the field of cardiovascular surgery due to the advent of minimally invasive cardiac surgery (MICS). This would extend the area of open-heart procedures for a large group of patients. Whether a valve procedure, atrial fibrillation ablation, coronary revascularization, hybrid aortic procedure, ventricular-assist device insertion, or cardiac tumor resection, MICS and catheter-based approaches, in many cases, accomplish the work with quicker recovery times and improved clinical outcomes compared to conventional sternotomy procedures.
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According to the American College of Cardiology, in the US, approximately 1 in 5 people who are undergoing surgical aortic valve replacement are estimated to be at immediate risk. Therefore, the high-risk and immediate patients are considered to be on the top among all patients to require aortic valve replacement, which in turn, is encouraging the adoption of TAVR. To perform this procedure, a surgeon inserts a catheter in the chest and guide it to the heart. The sensors can also be used to perform procedure with more precision. Hence, increasing adoption of TAVR procedure is expected to fuel the demand of medical devices that further enhance the reprocessing of medical devices.
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Substantial opportunities in Emerging economies
The emerging economies such as India, China Brazil and others provide significant opportunity to the market. With increasing healthcare expenditure in developing countries such as India, new hospitals and medical centres are being set up in the countries, due to this the industry for medical device is expected to increase in the near future. Further, the increasing incidence of coronary heart diseases and peripheral heart disease has resulted in a rise in demand for diagnostic imaging in developing countries. The demand for improved healthcare infrastructure in emerging economies encourages the development and adoption of such technologies. One of the major factors that enhances infrastructure in any region or economy is investment made by foreign bodies. Many institutional investors are interested in gaining exposure to the emerging economies healthcare sector. For an instance, Abraaj Group, a private equity firm is investing around $1 billion in healthcare facilities across the emerging economies. Many emerging economies are working to improve their healthcare infrastructure by importing technological advanced products and other laboratory devices from other countries.
Global Single-Use Medical Device Reprocessing Market Segmentation
By Device Type
• Laparoscopy Instrument
• Catheters
• Biopsy Instruments
• Endoscopy Instruments
• Accessories
By Application
• Cardiology
• Orthopedics
• General Surgery and Anesthesia
• Neurology
• Urology
• Others (Gastroenterology)
Global Single-Use Medical Device Reprocessing Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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