Reprocessed medical devices market expected to reach usd 2 58 billion globally in 2020

Transparency Market Research Reprocessed Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

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125 Page Report

28-Aug-2014 Request Sample

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Press Release

Reprocessed Medical Devices Market Expected to Reach USD 2.58 Billion Globally in 2020

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Reprocessed Medical Devices Market

REPORT DESCRIPTION

Reprocessed Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 According to a new market report published by Transparency Market Research “Reprocessed Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020�, the global reprocessed medical devices market was valued at USD 0.78 billion in 2013 and is expected to grow at a CAGR of 19.3% from 2014 to 2020, to reach USD 2.58 billion in 2020.

Medical device reprocessing refers to the practice of inspecting, cleaning, testing, sterilizing and packaging of used and expired medical devices, such that the devices are usable and safe for their appropriate clinical application. Reprocessing of medical devices has been observed for over two decades; however, several events have changed both practitioner and regulatory views of the occasionally-maligned medical devices. Generally, there are three types of medical device reprocessing methods: third party reprocessing, non-compliant reprocessors (by health clinics) and in-house reprocessing (by laboratories and hospitals). All the reprocessed medical devices are subject to the regulatory requirements and must meet strict functionality, cleaning sterility and safety standards prior to commercialization.

We are currently offering a flat 15% discount on all purchases until end of the March 2015:http://www.transparencymarketresearch.com/reprocessed-medical-devices.html According to the Association of Medical Device Reprocessors (AMDR), more than 3,000 hospitals in the U.S. use reprocessed medical devices, due to which, almost 13,000 tons of medical waste has been eliminated to date. Moreover, approximately USD 2 billion to USD 3 billion worth medical expenditure could be saved by using reprocessed medical devices in the U.S. every year, and a typical hospital could save around USD 500,000 to USD 2 million per year. Hence, huge cost savings from using reprocessed medical devices has attracted several hospitals in adopting these devices. This factor is driving the growth of the market, especially in countries such as the U.S. and Canada. Moreover, the prices of reprocessed medical devices are observed to be almost half of the original equipment, which makes them affordable for procurement, thereby spurring the demand.

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The reprocessed medical devices market has been primarily segmented based on the type of devices that are most commonly reprocessed. Based on types of devices, the market has been segmented into cardiovascular, general surgery, laparoscopic, orthopedic and gastroenterology devices. Cardiovascular devices have been further segmented into blood pressure cuffs/tourniquet cuffs, cardiac stabilization devices, Deep Vein Thrombosis (DVT) compression sleeves, diagnostic electrophysiology catheters and electrophysiology cables. Laparoscopic devices have been further classified into endoscopic trocars and components as well as harmonic scalpels. The reprocessed cardiovascular devices segment is expected to lead the market during the forecast period from 2014 to 2020, at an impressive CAGR of over 16%.

Factors such as reduced pricing of the products, high usage and growing pressure to reduce healthcare expenditure among hospital authorities have been attributed to the healthy growth of the reprocessed cardiovascular devices segment.

In terms of geography, North America accounted for the largest share of the reprocessed medical devices market in 2013 (over 80%). North America is the largest market for reprocessed medical devices due to the increasing adoption rate of reprocessed medical devices and encouraging regulatory policies. Europe is estimated to witness the fastest growth rate (more than 15%) due to various factors such as growing demand for reprocessed medical devices and awareness about the potential savings in healthcare. At present, the European Union neither prohibits nor encourages the use of reprocessed medical devices in hospitals and healthcare facilities. However, with the introduction of uniform regulations on medical device reprocessing, the region is expected to experience remarkable market growth during the forecast period.

The global reprocessed medical devices market is highly consolidated in nature and is dominated by three major players, enjoying a market share of more than 90% of the overall industry. Major players include Stryker Sustainability Solutions, Inc., SterilMed, Inc., Medline ReNewal, Hygia Health Services, Inc. and ReNu Medical, Inc. Stryker Sustainability Solutions, Inc. held the largest share of over 60% of the total reprocessed medical devices market in 2013.

Get Sample Report Copy with TOC and Market Research :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2064 The global reprocessed medical devices market has been segmented as follows: Reprocessed Medical Devices Market, by Type of Devices

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Cardiovascular Medical Devices

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Reprocessed Medical Devices Market

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Blood Pressure Cuffs/Tourniquet Cuffs

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Cardiac Stabilization And Positioning Devices

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Compression Sleeves (DVT)

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Diagnostic Electrophysiology Catheters

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Electrophysiology Cables

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Laparoscopic Medical Devices

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Endoscopic Trocars And Components

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Harmonic Scalpels

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Orthopedic/ Arthroscopic Medical Devices

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External Fixation Devices

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Gastroenterology Medical Devices

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Biopsy Forceps

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General Surgery Medical Devices

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Balloon Inflation Devices

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Infusion Pressure Bags

Reprocessed Medical Devices Market, by Geography - North America - Europe - Asia-Pacific - Rest of the World (RoW)

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TABLE OF CONTENT

Chapter 1 Introduction 1.1 Report Description 1.1 Research Methodology 1.2 Market Segmentation Chapter 2 Executive Summary 2.1 Market Snapshot: Global Telemedicine Market 2.2 Global Telemedicine Market, by Specialty, 2013 (USD Million) 2.3 Global Telemedicine Market, by Service Type, 2013 (USD Million) 2.4 Comparative Analysis: Global Telemedicine Market, by Geography, 2013 & 2020 (Value %) Chapter 3 Market Overview 3.1 Introduction 3.2 Market Dynamics 3.2.1 Market Drivers 3.2.1.1 Cost & time efficiency seen as the major factor for increased favor among both rural and urban healthcare institutions 3.2.1.2 Increasing demand for personal healthcare and privacy key in promoting usage of telemedicine

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3.2.1.3 Growth of techno savvy individuals shifts public preference from traditional medicine to telemedicine 3.2.1.4 Increased government spending and reimbursement policies to boost telemedicine preference.

3.2.2 Market Restraints 3.2.2.1 Dearth of dedicated medical staff exclusive for telemedicine 3.2.2.2 Delayed response time exhibited by some forms of telemedicine hampering overall industry image 3.2.2.3 Inadequate/Incomplete assessment being reported by some patients and medical practitioners 3.2.3 Market Opportunities 3.2.3.1 Proliferation of mobile telecommunication technology to boost coverage of patient pool in rural markets worldwide 3.2.3.2 Advanced imaging and telemedicine technology to boost patient assessment and thereby the global market 3.3 Porters Five Forces Analysis: Global Telemedicine Market 3.3.1 Bargaining Power of Suppliers 3.3.2 Bargaining Power of Buyers 3.3.3 Threat of New Entrants 3.3.4 Threat of Substitutes 3.3.5 Competitive Rivalry 3.4 Market Attractiveness Analysis of the Global Telemedicine Market, by Geography 3.5 Heat Map Analysis for Telemedicine Market, by Key Market Players and Regional presence

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3.5.1 Heat Map Analysis for Global Telemedicine Market, by Key Market Players and Regional Presence Chapter 4 Global Telemedicine Market, by Specialty 4.1 Introduction 4.1.1 Global Telemedicine Market Revenue, by Specialty, 2012-2020 (USD Million) 4.2 Cardiology 4.2.1 Global Telemedicine Market Revenue in Cardiology, 2012-2020 (USD Million) 4.3 Dermatology 4.3.1 Global Telemedicine Market Revenue in Dermatology, 2012-2020 (USD Million) 4.4 Neurology 4.4.1 Global Telemedicine Market Revenue in Neurology, 2012-2020 (USD Million) 4.5 Gynecology 4.5.1 Global Telemedicine Market Revenue in Gynecology, 2012-2020 (USD Million) 4.6 Orthopedics 4.6.1 Global Telemedicine Market Revenue in Orthopedics, 2012-2020 (USD Million) 4.7 Emergency care 4.7.1 Global Telemedicine Market Revenue in Emergency Care, 2012-2020 (USD Million) 4.8 Internal Medicine 4.8.1 Global Telemedicine Market Revenue in Internal Medicine, 2012-2020 (USD Million) 4.9 Others 4.9.1 Global Telemedicine Market Revenue in Others, 2012-2020 (USD Million)

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Chapter 5 Global Telemedicine Market, by Service Type 5.1 Overview 5.1.1 Global Telemedicine Market Revenue, by Service Type, 2012-2020 (USD Million) 5.2 Tele-consultation 5.2.1 Global Tele-Consultation Market Revenue, 2012-2020 (USD Million) 5.3 Tele-Monitoring 5.3.1 Global Tele-Monitoring Market Revenue, 2012-2020 (USD Million) 5.4 Tele-Education 5.4.1 Global Tele-Education Market Revenue, 2012-2020 (USD Million) 5.5 Tele-Training 5.5.1 Global Tele-Training Market Revenue, 2012-2020 (USD Million) 5.6 Tele-Care 5.6.1 Global Tele-Care Market Revenue, 2012-2020 (USD Million) 5.7 Tele-Surgery 5.7.1 Global Tele-Surgery Market Revenue, 2012-2020 (USD Million) Chapter 6 Global Telemedicine Market, by Geography 6.1 Overview 6.1.1 Global Telemedicine Market, by Geography, 2012 – 2020 (USD Million) 6.2 North America 6.2.1 North America Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million) 6.2.2 North America Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)

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6.2.3 North America Telemedicine Market Revenue, 2012 - 2020 (USD Million) 6.3 Europe 6.3.1 Europe Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million) 6.3.2 Europe Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million) 6.3.3 Europe Telemedicine Market Revenue, 2012 - 2020 (USD Million) 6.4 Asia Pacific 6.4.1 Asia Pacific Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million) 6.4.2 Asia Pacific Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million) 6.4.3 Asia Pacific Telemedicine Market Revenue, 2012 - 2020 (USD Million) 6.5 Rest of the World 6.5.1 RoW Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million) 6.5.2 RoW Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million) 6.5.3 RoW Telemedicine Market Revenue, 2012 - 2020 (USD Million) Chapter 7 Recommendations 7.1 Success Strategies (Key Focus Areas) Chapter 8 Company Profiles 8.1 Aerotel Medical Systems Ltd. 8.1.1 Company Overview 8.1.2 Financial Overview 8.1.3 Product Portfolio 8.1.4 Business Strategies

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8.1.5 Recent Developments 8.2 Allscripts Healthcare Solutions, Inc. 8.2.1 Company Overview 8.2.2 Financial Overview 8.2.3 Product and Service Portfolio 8.2.4 Business Strategies 8.2.5 Recent Developments 8.3 AMD Global Telemedicine, Inc. 8.3.1 Company Profile 8.3.2 Financial Overview 8.3.3 Product Portfolio 8.3.4 Business Strategies 8.3.5 Recent Developments 8.4 CARDIOCOM, LLC 8.4.1 Company Overview 8.4.2 Financial Overview 8.4.3 Product Portfolio and Services 8.4.4 Business Strategies 8.4.5 Recent Developments 8.5 Cisco Systems, Inc. 8.5.1 Company Overview

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8.5.2 Financial Overview 8.5.3 Product and Service Portfolio 8.5.4 Business Strategies 8.5.5 Recent Developments 8.6 F. Hoffmann-La Roche Ltd. 8.6.1 Company Overview 8.6.2 Financial Overview 8.6.3 Product Portfolio 8.6.4 Business Strategies 8.6.5 Recent Developments 8.7 Honeywell HomMed LLC 8.7.1 Company Overview 8.7.2 Financial Overview 8.7.3 Product and Service Portfolio 8.7.4 Business Strategies 8.7.5 Recent Developments 8.8 InTouch Technologies, Inc. 8.8.1 Company Overview 8.8.2 Financial Overview 8.8.3 Product and Service Portfolio 8.8.4 Business Strategies

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8.8.5 Recent Developments 8.9 LifeWatch AG 8.9.1 Company Overview 8.9.2 Financial Overview 8.9.3 Product Portfolio 8.9.4 Business Strategies 8.9.5 Recent Developments 8.10 McKesson Corporation 8.10.1 Company Overview 8.10.2 Financial Overview 8.10.3 Product and Service Portfolio 8.10.4 Business Strategies 8.10.5 Recent Developments 8.11 OBS Medical Ltd. 8.11.1 Company Overview 8.11.2 Financial Overview 8.11.3 Product Portfolio 8.11.4 Business Strategies 8.11.5 Recent Developments 8.12 Philips Healthcare 8.12.1 Company Overview

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8.12.2 Financial Overview 8.12.3 Product and Service Portfolio 8.12.4 Business Strategies 8.12.5 Recent Developments 8.13 Polycom, Inc. 8.13.1 Company Overview 8.13.2 Financial Overview 8.13.3 Product Portfolio 8.13.4 Business Strategies Browse All Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

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