Report : South and Central America Reprocessed Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Cardiovascular Medical Devices, General Surgery Medical Devices, Laparoscopic Medical Devices, Orthopedic External Fixation Devices, Gastroenterology Biopsy Forceps, Non-Invasive Devices, and Others) and End User (Hospitals & Clinics, Ambulatory Surgery Centers, Medical Laboratories, and Others)
The cardiovascular medical devices segment by product is estimated to lead the market growth during the forecast period.
According to a new market research study of “Middle East and Africa Reprocessed Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product, End User and Country.” The Middle East and Africa reprocessed medical devices market is expected to reach US$ 133.55 million by 2028 from US$ 60.15 million in 2021; it is estimated to grow at a CAGR of 15.3% from 2021 to 2028. The report highlights trends prevailing in the Middle East and Africa reprocessed medical devices market and the factors driving market along with those that act as hindrances.
The demand for reprocessed medical devices increased rapidly due to the COVID-19 pandemic. The Food and Drug Administration increased its approvals in response to soaring demand and shortages during the COVID-19 pandemic. For instance, in January 2022, Innovative Health, LLC, a leader in reprocessing single-use cardiology devices, obtained FDA clearance to reprocess Boston Scientific’s INTELLAMAP ORION High-Resolution Mapping Catheter. The catheter is widely utilized in catheter ablation techniques for atrial fibrillation (Afib). Similarly, in August 2020, Northeast Scientific Inc. received FDA clearance for reprocessing of .014 Digital Intravascular ultrasound (IVUS) catheter. Also, in July 2019, Innovative Health received the FDA approval to reprocess Biosense Webster’s PentaRay Nav Eco High-Density mapping catheter, which is crucial medical equipment in AFib practices. Hospitals employing the reprocessed PentaRay catheter could save thousands of dollars per AFib case, making it reasonable for a broader patient range. This system is used in processes involving His-bundle pacing (HBP), which helped the company generate extra revenue and strengthen its market position. Thus, the increasing FDA approvals mentioned above are the major factors creating further opportunities for the market.
The Middle East and Africa reprocessed medical devices market, based on product, has been segmented into cardiovascular medical devices, gastroenterology biopsy forceps, orthopedic external fixation devices, laparoscopic medical devices, general surgery medical devices, non-invasive devices, and others. The Middle East and Africa reprocessed medical devices market, based on end user was segmented into hospitals and clinics, ambulatory surgical centers, medical laboratories, and others. Geographically, Middle East and Africa reprocessed medical devices market can be divided into UAE, Saudi Arabia, South Africa and Rest of Middle East and Africa.
Medline Industries, Inc., Arjo Medical Devices, Stryker Corporation, Teleflex Incorporated, Johnson and Johnson Services, Inc., 3M, Cardinal Health Inc and Vanguard AG are among the leading companies operating in the Middle East and Africa reprocessed medical devices market.
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