What are the top 10 companies in the Medical Device Reprocessing Market?

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The prominent players operating in this market include Stryker Corporation (US), Johnson & Johnson (US), Vanguard AG (Germany), Medtronic PLC (Ireland), Steris Healthcare (US)

The medical device reprocessing market is projected to reach USD 3.9 billion by 2027 from USD 2.0 billion in 2022, at a CAGR of 13.7% during the forecast period. Growth in the market is mainly driven by the growing need to minimize hospital costs and the rising geriatric population. However, the requirement to follow stringent regulatory procedures to enter the medical device reprocessing market may pose a threat to the market growth. 

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Key Market Players 

The medical device reprocessing market is consolidated at the top with a large number of leading market players based in developed countries. The prominent players operating in this market include Stryker Corporation (US), Johnson Johnson (US), Vanguard AG (Germany), Medtronic PLC (Ireland), Steris Healthcare (US), Medline ReNewal (US), Innovative Health (US), Arjo Group (ReNu Medical, Inc.) (Sweden), SteriPro Canada, INC. (Canada), Northeast Scientific, INC. (US), Cardinal Health (Sustainable Technologies) (US), SureTek Medical (US), Konoike Group (Japan), Avante Health Solutions (US), Medsalv (New Zealand), and Vitruvia Medical AG (Switzerland). The major market players are increasingly focusing on increasing their presence in the market through expanding their service portfolio by acquiring small-medium sized players in the market, and focusing on receiving FDA approvals to launch new services. 

Stryker Corporation (US) provides medical device reprocessing services and reprocessed medical devices through its Sustainability Solutions business, under the MedSurg Neurotechnology business division. The company focuses on expanding its service portfolio and geographic reach through acquisitions. For instance, in 2018, Stryker’s Sustainability Solutions division acquired Hygia Health Services. Hygia focused exclusively on reprocessing patient care single-use devices (SUDs) in the US. 

Johnson Johnson (US) is a global manufacturer of healthcare products. The company aims to further strengthen its market position through organic growth strategies such as investment in RD activities for innovation and enhancing its existing technology. For instance, in 2021, 2020, and 2019, the company’s RD expenses were USD 14.71 billion, USD 12.15 billion, and USD 11.35 billion, respectively. Moreover, with its strong geographic presence, wide distribution network, and brand recognition, the company has established itself as a leader in the global market. 

Cardinal Health (Sustainable Technologies): Cardinal Health is one of the leading players in the medical device reprocessing markets. Though the company has a broad range of service portfolios, a high brand value has helped it gain a competitive edge in the medical device reprocessing market and a prominent presence across the globe. In order to continue to compete effectively in the market, Cardinal Health continues to create, invest, or acquire advanced technologies, obtain regulatory approvals in a timely manner, and manufacture and successfully market its products. 

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  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Medical Device Reprocessing market analysis to identify the prevailing Medical Device Reprocessing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the Medical Device Reprocessing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Medical Device Reprocessing market trends, key players, market segments, application areas, and market growth strategies.

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