Reprocessed Medical Devices Market Size & Share, by Type (Cardiovascular, Laparoscopic, General Surgery, Orthopedic/Arthroscopic, Gastroenterology Medical Devices); End-User (Hospitals, Nursing Homes, Small Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Reprocessed Medical Devices Market size was over USD 2.68 billion in 2023 and is poised to cross USD 19.73 billion by the end of 2036, witnessing more than 16.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of reprocessed medical devices is estimated at USD 3.04 billion.

The growth of the market over the forecast period can be attributed primarily to the growing need for effective and affordable medical devices, along with the increasing need to lower the generation of medical wastes in healthcare settings. Further, increasing prevalence of different type of diseases and therefore the need for surgical instruments to treat such diseases, followed by the rising need from the newly developed healthcare settings for such affordable devices, inclination of healthcare professional towards the use of single-use reprocessed devices (SUDs), and the need amongst the healthcare settings to lower the cost of their regulated medical wastes (RMWs) are some of the additional factors anticipated to drive the market growth.

The U.S. Food and Drug Administration (FDA) have laid a set of six criteria guidance and procedures for reprocessing of the medical devices and have also defined a list of reusable medical devices for reprocessing, some of which includes endoscopes, surgical forceps, and stethoscopes among others. The medical device reprocessing companies strictly need to adhere to the six criteria laid by the FDA.