South America Single Use Medical Device Reprocessing Market 2031

Segments - South America Single-use Medical Device Reprocessing Market by Devices (Class I Devices [Laparoscopic Graspers, Scalpels, Tourniquet Cuffs, and Others], Class II Devices [Pulse Oximeter Sensors, Sequential Compression Sleeves, Catheters and Guidewires, And Others]) and Geographies (Argentina, Brazil, Venezuela, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, And Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The South America single-use medical device reprocessing market was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.5% during 2023–2031. The growth of the market is attributed to the rising clinical urgency to minimize the generation of medical waste in healthcare settings.

Single-use medical device (SUD) reprocessing is cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its re-use, and to diagnose and treat multiple patients. Reprocessed single-use medical devices is safe and effective as original medical equipment, and costs less than the same.

South America Single Use Medical Device Reprocessing Market Outlook

The use of reprocessed devices result in reduction of costs, which are associated with special handling and waste management of devices. The reuse and reprocessing of SUDs have implemented by hospitals since the late 1970s for preserving the environment and its economical nature.

Glass and metal is mainly used and heavily sanitised before reusing for other purposes. Conversely, the increasing use of plastic materials has further proliferated the use of SUDs.

Most SUDs includes needles, syringes and bandages that are in direct contact with human flesh or blood that are indeed for single-use only. On the other hand, complex SUDs, which include pacemakers that are commonly used in surgical procedures, are often reprocessed as an economic benefit for the hospitals.

Healthcare facilities not only save 50% for every reprocessed SUD they purchase, but also spend less on medical disposal. Moreover, healthcare facilities also save money when original equipment manufacturers (OEMs) lower their prices to compete with third-party re-processors, thus lowering the overall cost of healthcare. This factor also results in environmental sustainability.

Market Trends, Drivers, Restraints, and Opportunities:

Growing focus on medical waste minimization is expected to boost the market growth.
Increasing awareness about the benefits of SUDs such as cost-effectiveness is anticipated to propel the market growth.
Rising focus on the environmental sustainability is expected to positively impact the market growth.
The practice of SUDs reprocessing is unregulated due to the scarcity of guidance, which can hinder the market.
Ongoing development of SUD reprocessing facilities in emerging markets can create opportunity for the market during forecast period.

Scope of South America Single-use Medical Device Reprocessing Market Report

The report on the South America single-use medical device reprocessing market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Single-use Medical Device Reprocessing Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Devices (Class I Devices [Laparoscopic Graspers, Scalpels, Tourniquet Cuffs, And Others], Class II Devices [Pulse Oximeter Sensors, Sequential Compression Sleeves, Catheters And Guidewires, And Others])
Geographic Scope	Argentina, Brazil, Venezuela, and Rest of South America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Hygia, Medline ReNewal, NEScientific, ReNu Medical, SterilMed, Stryker Corporation, SureTek Medical, Medline Industries, Inc , ReNu Medical, and Sterilmed Inc.

South America Single-use Medical Device Reprocessing Market Segment Insights

Sequential Compression Sleeves to dominant a market share

Based on devices, the global market is segmented into Class I Devices and Class II Devices. The class I devices is further divided into laparoscopic graspers, scalpels, tourniquet cuffs, and others. The class II devices is sub-segmented into pulse oximeter sensors, sequential compression sleeves, catheters and guidewires, and others.

Sequential compression sleeves are designed to increase venous blood flow in patients with deep vein thrombosis and pulmonary embolism. They are reusable as they can withstand the necessary cleaning and sterilization process. ?The quality of device and physical characteristics are not likely to be affected by reprocessing and the device remains safe.

Compression sleeves account for a major revenue in the class II devices segment. ?Stryker is the key provider of reprocessed compression sleeve devices. The company’s reprocessed compression devices are intended for preventing deep vein thrombosis, reducing post-operative pain and swelling, enhancing blood circulation, and reducing wound healing time.

South America Single Use Medical Device Reprocessing Market Devices

The market in Brazil to exhibit a high CAGR

In terms of geographies, the market in segregated into Argentina, Brazil, Venezuela, and Rest of South America. The market in Brazil is anticipated to exhibit a high CAGR owing to increasing expenditure on the healthcare infrastructure. Moreover, rising prevalence of diseases and increasing investment of foreign companies are expected to proliferate the growth of the market in the country.

Segments

The South America single-use medical device reprocessing Market has been segmented on the basis of

Devices

Class I
- Laparoscopic Graspers
- Scalpels
- Tourniquet Cuffs
- Others
Class II
- Pulse Oximeter Sensors
- Sequential Compression Sleeves
- Catheters and Guidewires
- Others

Geographies

Argentina
Brazil
Venezuela
Rest of South America

Key Players

Medline ReNewal
Hygia
NEScientific
ReNu Medical
Stryker Corporation
SureTek Medical
Medline Industries, Inc
Sterilmed Inc.

Competitive Landscape

Key players operating in the South America single-use medical device reprocessing Market includes Hygia, Medline ReNewal, NEScientific, Stryker Corporation, SureTek Medical, Medline Industries, Inc, ReNu Medical, and Sterilmed Inc.

South America Single Use Medical Device Reprocessing Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Single-use Medical Device Reprocessing 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 Reprocessing 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 Reprocessing Market - Supply Chain
  4.5. Global Single-use Medical Device Reprocessing Market Forecast
     4.5.1. Single-use Medical Device Reprocessing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Single-use Medical Device Reprocessing Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Single-use Medical Device Reprocessing Market Absolute $ Opportunity
5. Global Single-use Medical Device Reprocessing 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 Reprocessing 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 Reprocessing Demand Share Forecast, 2019-2026
6. North America Single-use Medical Device Reprocessing 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 Reprocessing 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 Reprocessing Demand Share Forecast, 2019-2026
7. Latin America Single-use Medical Device Reprocessing 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 Reprocessing 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 Reprocessing Demand Share Forecast, 2019-2026
8. Europe Single-use Medical Device Reprocessing 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 Reprocessing 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 Reprocessing Demand Share Forecast, 2019-2026
9. Asia Pacific Single-use Medical Device Reprocessing 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 Reprocessing 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 Reprocessing Demand Share Forecast, 2019-2026
10. Middle East & Africa Single-use Medical Device Reprocessing 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 Reprocessing 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 Reprocessing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Single-use Medical Device Reprocessing Market: Market Share Analysis
  11.2. Single-use Medical Device Reprocessing Distributors and Customers
  11.3. Single-use Medical Device Reprocessing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Medline ReNewal Hygia NEScientific ReNu Medical Stryker Corporation SureTek Medical