Global Reprocessed Medical Device Market Tends to Expand at a CAGR of 15.0% Over Forecast Period 2016-2024
According to Goldstein Research, Global reprocessed medical device market is anticipated to grow at a CAGR of 15.0% over the forecast period 2016-2024 to reach USD 5.12 billion by 2024. The cost-saving attribute of reprocessed devices and solutions which is responsible for potential annual savings of USD 2 billion in U.S. health care system from reprocessing and repurchasing 2% of all medical devices are expected to positively drive the global reprocessed medical device market . Global Reprocessed medical device market segmentation has been done on the basis of the reprocessed medical device, product type, end user and geography. Global reprocessed medical device market segmentation based on reprocessed medical devices, cardiovascular devices segment dominated the market in 2016 with 45.0% market share followed by general surgery medical equipment (i.e. 22%) owing to the reduced pricing of the products, high usage and growing pressure to reduce healthcare expenditure. Reprocessed ...