The Single Use Medical Device Reprocessing Market

The Single Use Medical Device Reprocessing Market

The single use medical device reprocessing market is the method of sterilizing, repacking, manufacturing and testing a used product. The jargon is totally based on how the end user describes it.

It is allowed to reprocess the single-use device under the condition that it is properly sterilized and its physical, as well as its technological functions, are intact. The medical device single-use processing can be done by a third party processing or as an in-hospital processing. The third party processing method is considered to be more reliable since it is done under strict regulation and it also undergoes better quality assurance and validation process.

The medical device is an instrument, an implant or an apparatus that is used in order to diagnose a medical condition or to treat it. Some of the single-use devices can be used many times if it is reprocessed properly. In emergency countries reprocessing the SUDs is very popular and is regulated in the most developed nations who use strict protocols. However, in the developing markets, the controller has absolutely no power of how the SUD is processed.

Reprocess SUDs lead to savings and also has a positive impact on the environment. It leads to low barrier entry. The major factors that restrict the market are protocols that are regarding the quality of the reprocessed SUD, no or very little regulation in emerging countries and decrease in the manufactures profits.

The single used medical devices are highly popular because it reduces hospital wastage and is also cost-effective. For example, Kaiser Permanente which is a well-known integrated delivery network saves US$ 11 annually by reprocessing of the single-use devices. The reprocessed SUD can be bought at a lesser cost, and this saves the hospital money. The market is also poised to grow huge because of its benefits in saving the environment and cutting costs.

Original medical equipment’s are soaring in costs, and thus hospitals prefer SUD to save cost. This lets them save the cost by even 50% on devices like a catheter and cardiac ablation. It is believed that out of 250 devices that are being used in a hospital, 10% of those devices are eligible to be used as a single used medical device.

The environmental waste is also being reduced to 50% by hospitals. This helps them deal with the medical waste treatment pressure. Ascent which is a subsidiary of Stryker Corporation could eliminate 1684 tons of medical waste from landfalls during the year 2007. This could be done with the help of reprocessing. The small and mid-sized hospitals are sure to bet on the SUD reprocessing industry and would want to see it boost.

North America is believed to be the fastest growth pocket for single-use medical device reprocessing market. USA has the biggest healthcare system, and the SUD reprocessing is sure to help them save enormously.

The single-use medical device reprocessing is subject to FDA, and third-party processing companies are involved who help to maintain the standards and make sure that the instrument is in accordance with the original equipment. It was an FDA formulated stringent regulation to create a standardization to maintain the standard as it was of the original equipment. There is a grievance mechanism that will allow one to post any adverse events of use of single-use devices and this will reinforce accountability.

The industry is in the nascent stage, and there are only a few players in the market. Single-use Medical device reprocessing market is in promising stage with limited players controlling the market.

 
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