The global reprocessed medical devices market is anticipated to grow rapidly through 2022, according to a Credence Research report.
Here are five trends:
1. The market was valued at $1.08 billion in 2015, and it is expected to grow at a compound annual growth rate of 10.6 percent from 2016 to 2022.
2. The market is estimated to value $2.46 billion by 2022.
3. Increasing pressure to reduce medical waste due to environmental concerns is one of the primary factors driving market growth.
4. North America accounted for over 50 percent of the market share in 2015.
5. The Asia Pacific region is expected to have the highest growth rate in the market through 2022.