The Single-use Medical Device Reprocessing is gaining popularity as its helps to reduce hospital waste and allows for major costs savings. The market is also being driven by the reprocessing of single-use devices that results in environment sustainability.
The lowering of the overall cost of healthcare through the reprocessing of single-use devices is the primary factor driving this market. The process has been rationalized and legislated in Japan. In India, 80% of healthcare is provided by the private sector. There are certain policies being used by the private sector, which helps to diminish the financial burden substantially and reduces the overall economic burden through reduced medical bills generated for the patient.
Therefore in the past decade, increased use of reprocessed single-use devices has been observed in the emerging markets, which are likely to drive the growth of the single-use medical device reprocessing market.
In addition, the poor regulations regarding the SUD reprocessing in emerging markets is the major obstacle for the growth of SUD reprocessing market in the developing countries. Furthermore the practice of SUDs reprocessing is unregulated due to the scarcity of guidance from the regulatory authorities.
Key Market Trends
Class II Device Segment Captures the Largest Share of the Asia-Pacific Single-use Medical Device Reprocessing Market
The Class II medical devices segment includes the Pulse Oximeter Sensors, Sequential Compression Sleeves, Catheters and Guidewires and Other Class II Devices.
The Class II devices are expected to record a large share owing to the increasing number of cardiac interventions and the consequent economic load demand for assessing SUDs’ reuse. Japan does not have any regulations for the reprocessing of single-use medical devices. Therefore, regulatory authorities, such as the Ministry of Health, Labor and Welfare (MHLW) (Japan), in collaboration with the FDA are focusing on generating new medical device reprocessing guidelines for Japan. Therefore all these factors are expected to drive the overall market.
The major players in the Asia-Pacific single-use medical device reprocessing market include Medline Industries, Inc., NEScientific, Inc., ReNu Medical Inc., Soma Technology, Inc., Sterilmed Inc. (Johnson & Johnson), and Stryker Corporation.
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