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text 2021-05-25 13:30
Medical Device Reprocessing Market – Statistics and Growth Dynamics To 2022

Expected Revenue Growth:

The global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022. Base year considered for the report is 2016.

What This Report Will Provide?

The growth of this market is majorly driven by the increased utilization of the low priced reprocessed medical devices as compared to new devices, increased efforts towards reducing regulated medical waste (RMW), and rising number of surgical procedures associated with the growing prevalence of chronic diseases. However, the risk of transmission of surgical site infections associated with the use of reprocessed devices may hinder the growth of the market to a certain extent.

Major Growth Boosters:

The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.

Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=583 

Objectives of the Study

  • To define, describe, and forecast the global market with respect to product & service, type of device, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders
  • To forecast the size of the market with respect to four main regions—North America, Europe, Asia-Pacific, and the Rest of the World

Target Audience:

  • Third-party medical device reprocessors and distributors
  • Hospitals, clinics, and other healthcare laboratories
  • Academic and research institutions
  • Government associations
  • Market research and consulting firms
  • Venture capitalists and investors

Request Sample Report:   https://www.marketsandmarkets.com/requestsampleNew.asp?id=583  

The reprocessing practices are regulated by various regional regulatory authorities. The changing regulatory scenario favoring medical device reprocessing in a number of countries, such as France and Japan, will open up new areas of opportunity for market players. For example, till 2016, the outsourcing of medical device reprocessing was prohibited in France; however, the European Union (EU) Regulations (Article 17), released on April 5, 2017, mandated the use of third-party reprocessing services by all French hospitals.

Regional Growth Analysis:

Geographically, the global medical device reprocessing market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America dominated the market, and this is primarily attributed to its well-established healthcare industry, growing prevalence of chronic diseases, and increasing volume of surgical procedures. The European region is expected to witness the highest CAGR during the forecast period, owing to the rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and growing awareness about the usage of reprocessed medical devices

Source: www.marketsandmarkets.com/Market-Reports/reprocessed-refurbished-medical-devices-market-583.html
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text 2021-03-16 11:47
Medical Device Reprocessing Market To Reach USD 1,754 Million – Statistics & Growth Dynamics To 2022

What This Report Will Provide?

The growth of this market is majorly driven by the increased utilization of the low priced reprocessed medical devices as compared to new devices, increased efforts towards reducing regulated medical waste (RMW), and rising number of surgical procedures associated with the growing prevalence of chronic diseases. However, the risk of transmission of surgical site infections associated with the use of reprocessed devices may hinder the growth of the market to a certain extent.

Expected Revenue Growth:The

global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022. Base year considered for the report is 2016.

Major Growth Boosters:

The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.

Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=583 

Objectives of the Study

  • To define, describe, and forecast the global market with respect to product & service, type of device, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders
  • To forecast the size of the market with respect to four main regions—North America, Europe, Asia-Pacific, and the Rest of the World

Target Audience:

  • Third-party medical device reprocessors and distributors
  • Hospitals, clinics, and other healthcare laboratories
  • Academic and research institutions
  • Government associations
  • Market research and consulting firms
  • Venture capitalists and investors

Request Sample Report:   https://www.marketsandmarkets.com/requestsampleNew.asp?id=583 

The reprocessing practices are regulated by various regional regulatory authorities. The changing regulatory scenario favoring medical device reprocessing in a number of countries, such as France and Japan, will open up new areas of opportunity for market players. For example, till 2016, the outsourcing of medical device reprocessing was prohibited in France; however, the European Union (EU) Regulations (Article 17), released on April 5, 2017, mandated the use of third-party reprocessing services by all French hospitals.

Regional Growth Analysis:

Geographically, the global medical device reprocessing market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America dominated the market, and this is primarily attributed to its well-established healthcare industry, growing prevalence of chronic diseases, and increasing volume of surgical procedures. The European region is expected to witness the highest CAGR during the forecast period, owing to the rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and growing awareness about the usage of reprocessed medical devices

Source: www.marketsandmarkets.com/Market-Reports/reprocessed-refurbished-medical-devices-market-583.html
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text 2021-02-02 10:04
Medical Device Reprocessing Market : Regulatory Changes Favoring the Adoption of Medical Device Reprocessing

The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.

 

What the Market Looks Like?

 

The global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022. In 2016, North America dominated the market, and this is primarily attributed to its well-established healthcare industry, growing prevalence of chronic diseases, and increasing volume of surgical procedures.

 

The growth of this market is majorly driven by the increased utilization of the low priced reprocessed medical devices as compared to new devices, increased efforts towards reducing regulated medical waste (RMW), and rising number of surgical procedures associated with the growing prevalence of chronic diseases.

 

Ask for PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=583 

 

Objectives of the Study

 

  • To define, describe, and forecast the global market with respect to product & service, type of device, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders
  • To forecast the size of the market with respect to four main regions—North America, Europe, Asia-Pacific, and the Rest of the World

The reprocessing practices are regulated by various regional regulatory authorities. The changing regulatory scenario favoring medical device reprocessing in a number of countries, such as France and Japan, will open up new areas of opportunity for market players.

The report analyzes the market by product & service, type of medical device, application, and region. On the basis of product & service, the reprocessing support and services segment accounted for the largest share in 2016, owing to the increased adoption of third-party reprocessing services over in-house reprocessing services by hospitals, clinics, surgical centers, clinical pathologies, and other healthcare organizations.

 

Request for Sample Pages @   https://www.marketsandmarkets.com/requestsampleNew.asp?id=583  

 

Geographically, the global medical device reprocessing market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America dominated the market, and this is primarily attributed to its well-established healthcare industry, growing prevalence of chronic diseases, and increasing volume of surgical procedures.

 

The European region is expected to witness the highest CAGR during the forecast period, owing to the rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and growing awareness about the usage of reprocessed medical devices

Source: www.marketsandmarkets.com/Market-Reports/reprocessed-refurbished-medical-devices-market-583.html
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text 2020-09-22 12:26
Medical Device Reprocessing Market : Pressure to Reduce Volume of Regulated Medical Waste.

The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.

[145 Pages Report] The global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022. Base year considered for the report is 2016.

 

The key factors driving the growth of this market include the low prices of reprocessed devices as compared to new ones and the pressure to reduce the volume of medical waste generated.

 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=583

 

The report analyzes the market by product & service, type of medical device, application, and region. On the basis of product & service, the reprocessing support and services segment accounted for the largest share in 2016, owing to the increased adoption of third-party reprocessing services over in-house reprocessing services by hospitals, clinics, surgical centers, clinical pathologies, and other healthcare organizations.

 

Based on type of medical device, the catheters segment accounted for the largest share in 2016 and is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased utilization of reprocessed cardiac catheters, electrophysiology catheters, and diagnostic catheters in recent years.

Based on application, the market is further categorized into cardiology;

 

gastroenterology, urology, and gynecology; arthroscopy and orthopedic surgery; and general surgery and anesthesia. In 2016, the cardiology segment accounted for the largest share of the market; this is primarily attributed to the increasing number of cardiology surgeries associated with the growing prevalence of cardiovascular diseases (CVD) across the globe.

 

Geographical growth scenario of Medical Device Reprocessing Market :

 

Geographically, the global medical device reprocessing market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America dominated the market, and this is primarily attributed to its well-established healthcare industry, growing prevalence of chronic diseases, and increasing volume of surgical procedures. The European region is expected to witness the highest CAGR during the forecast period, owing to the rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and growing awareness about the usage of reprocessed medical devices.

 

Request For Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=583

 

Key Market Players :

In 2016, Stryker Corporation (U.S.) and Johnson & Johnson (U.S.) dominated the global medical device reprocessing market. Some of the other players competing in this market are Vanguard AG (Germany), Medline ReNewal (U.S.), Medtronic plc (Ireland), SteriPro Canada, Inc. (Canada), Pioneer Medical Devices AG (Germany), Vascular Solutions, Inc. (U.S.), HYGIA Health Services, Inc. (U.S.), ReNu Medical, Inc. (U.S.), SureTek Medical (U.S.), and Centurion Medical Products Corporation (U.S.).

Source: www.marketsandmarkets.com/Market-Reports/reprocessed-refurbished-medical-devices-market-583.html
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text 2020-09-07 17:44
What Are the Biggest Cybersecurity Threats Faced by the Healthcare Industry?

The healthcare industry has undergone some major changes in the past decade. The good news is that almost all those changes have contributed to the betterment of the industry with both medical facilities and patients being the beneficiaries.

 

However, there are some newfound vulnerabilities too; examples include cybersecurity threats. The section below talks about the most common cybersecurity threats faced by the healthcare industry.

 

Ransomware

 

Ransomware is a kind of malware known for infecting files and systems and making them inaccessible to the owner until he pays a ransom. This medical security issue can be triggered in one or more of the following ways:

 

  • Through a phishing email containing malicious attachments
  • Upon clicking malicious links
  • As a result of viewing advertisements containing malware (the phenomenon is referred to as malvertising)

 

Data Breach

 

It has become extremely common for hospitals to become victims of data breaches. A recent survey has revealed that healthcare organizations are bigger victims of this cybersecurity issue than any other public or private sector company.

 

There are several criminal activities for which unscrupulous individuals can use the patients’ data. However, the most common ones among them are:

 

Leveraging information on particular terminal illnesses or major diseases

Carrying out long-term identity theft

 

DDoS Attacks

 

DDoS (Distributed Denial of Service) attacks are widely used by cybercriminals and hacktivists for overwhelming networks until they become completely inoperable. A DDoS attack can make life difficult for medical practitioners who cannot offer adequate patient care without accessing the compromised network. Problems may also arise when a healthcare provider fails to receive and send emails, records, data, and prescriptions as a result of not having a running Internet connection following a DDoS attack. 

 

If you want to protect your medical center from falling prey to any of the above cybersecurity issues, get in touch with Asimily. They will help you in overcoming such security and risk management challenges effortlessly.

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