Asia Pacific Single Use Medical Device Market Size [2031]
Asia Pacific Single Use Medical Device Market Size [2031]
Segments - Asia Pacific Single-use Medical Device Market by Types (Class I Devices and Class II Devices), and Geography (India, China, South Korea, Japan, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-2499
| 4.2 Rating
| 66 Reviews
| 216 Pages
| Format :
Report Description
The Asia Pacific single-use medical device market size was USD 1.92 Billion in 2022 and is likely to reach USD 2.88 Billion by 2031, expanding at a CAGR of 4.4% during 2023–2031. Growth of the market is attributed to cost saving and aids in reducing hospital waste.
The single-use medical device is a device that is only used once. Reprocessing is gaining popularity because it helps hospitals decrease waste while saving money. The reprocessing of single-use devices, which results in environmental sustainability, is driving the market.
SUD reprocessing is the process of cleaning, disinfecting, sterilization, testing, manufacturing, labelling, and packaging a single-use medical device so that it can be used again while maintaining its functionalities. Reprocessed devices are becoming increasingly popular around the world, especially in emerging economies.
The single-use medical reprocessing market is growing as reprocessing allows healthcare institutions to reuse devices instead of discarding them. This helps with waste management and keeps the environment sustainable.
Chemical residues may result deviations from the norms or incorrect cleaning, which could cause toxicity in the patient. The single-use medical device reprocessing market is divided into two categories based on product type: class I devices and class II devices. The single-use medical device reprocessing market is divided into two pricing ranges high range and low/economy range.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing initiatives and support from government is projected to drive the market.
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Rising production of environment friendly devices is projected to fuel the market.
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Transmission of disease may hinder the market growth.
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Development of SUD’s with modern technology is projected to offer immense opportunities for the market players.
Scope of Asia Pacific Single-use Medical Device Market Report
The report on the Asia Pacific single-use medical device market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
The Asia Pacific single-use medical Device - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Class I Devices and Class II Devices) |
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Regional Scope |
India, China, South Korea, Japan, and Rest of Asia Pacific |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Medline Industries, Inc., NEScientific, Inc., ReNu Medical Inc., Soma Technology, Inc., Sterilmed Inc. (Johnson & Johnson), and Stryker Corporation. |
Asia Pacific Single-use Medical Device Market Segment Insights
The class II devices segment is anticipated to hold a major market share
Based on types, the Asia Pacific single-use medical device market is segregated into class I devices and class II devices. The class II segment is estimated to expand at a high CAGR during forecast period. Growth of the segment is attributed to rising number of cardiac interventions and resulting economic load require for assessing SUDs' reuse, Class II devices are likely to account for a significant portion of the market.
India is anticipated to dominate the market
In terms of geography, the Asia Pacific single-use medical device market is classified as India, China, South Korea, Japan, and Rest of Asia Pacific. India is anticipated to hold a major market share. In India, the private sector is responsible for 80% of healthcare. Certain strategies employed by the private sector help to significantly reduce the financial strain and minimize the total economic load by reducing medical bills of the patient.
Segments
The Asia Pacific single-use medical device market is segmented on the basis of
Types
- Class I Devices
- Class II Devices
End-users
- Hospitals
- Medical Centers
- Other
Geography
- India
- China
- South Korea
- Japan
- Rest of Asia Pacific
Key Players
- Medline Industries, Inc.
- NEScientific, Inc.
- ReNu Medical Inc.
- Soma Technology, Inc.
- Sterilmed Inc. (Johnson & Johnson)
- Stryker Corporation
Competitive Landscape
Major players competing in the Asia Pacific single-use medical device market include Medline Industries, Inc., NEScientific, Inc., ReNu Medical Inc., Soma Technology, Inc., Sterilmed Inc. (Johnson & Johnson), and Stryker Corporation.
Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Single-use Medical Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Single-use Medical Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Single-use Medical Device Market - Supply Chain
4.5. Global Single-use Medical Device Market Forecast
4.5.1. Single-use Medical Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Single-use Medical Device Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Single-use Medical Device Market Absolute $ Opportunity
5. Global Single-use Medical Device Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Single-use Medical Device Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Single-use Medical Device Demand Share Forecast, 2019-2026
6. North America Single-use Medical Device Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Single-use Medical Device Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Single-use Medical Device Demand Share Forecast, 2019-2026
7. Latin America Single-use Medical Device Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Single-use Medical Device Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Single-use Medical Device Demand Share Forecast, 2019-2026
8. Europe Single-use Medical Device Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Single-use Medical Device Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Single-use Medical Device Demand Share Forecast, 2019-2026
9. Asia Pacific Single-use Medical Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Single-use Medical Device Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Single-use Medical Device Demand Share Forecast, 2019-2026
10. Middle East & Africa Single-use Medical Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Single-use Medical Device Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Single-use Medical Device Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Single-use Medical Device Market: Market Share Analysis
11.2. Single-use Medical Device Distributors and Customers
11.3. Single-use Medical Device Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Medline Industries, Inc.
11.4.2. NEScientific, Inc.
11.4.3. ReNu Medical Inc.
11.4.4. Soma Technology, Inc.
11.4.5. Sterilmed Inc. (Johnson & Johnson)
11.4.6. Stryker Corporation
Methodology
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