The global market for single-use medical device reprocessing is estimated to have a significant CAGR during the forecast period. The market is mainly driven due to increasing use of reprocessed single use medical devices owing to the cost-effectiveness of the devices. Moreover, favourable government guidelines for reprocessing and maintenance of medical devices further peoples the market growth. Electrophysiological procedure utilized high cost multipolar electrode catheters that can be reprocessed, and reuse has been performed through electrophysiology services in the US, Europe and Latin America. The US drugs and medical device market is governed by the US FDA. In February 2017, The American Society of Cardiac Arrhythmias issued an opinion to the reprocessing of electrophysiology devices to the FDA as did the Government Accountability Office as a federal entity of the US. Therefore, these strict regulations further encourage the demand of medical devices reprocessing thus propels the market growth.
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The oncology segment held a considerable share in the market owing to the growing application of reprocessed cardiac catheters, electrophysiology devices coupled with cardiac surgeries across the globe. The Catheter is utilized to deliver low voltage and high-frequency current which destroy the heart tissue that is responsible for the arrhythmia. The patients who have done with the treatment of catheter ablation has experience of long-term reduction in the number of arrhythmias and return to normal heart rhythm. The technology Carto 3 has provided three-dimensional views of the patient’s heart that enables the electrophysiologist to identify the origin of abnormal rhythm accurately and provide radiofrequency catheter ablation with large rate. The different benefit of cardiac ablation therapy includes better quality of care, cost-effective and better quality of life. Thus, early treatment and diagnosis for catheters ablation are fueling the growth of the market.
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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)
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