Posted on January 18th, 2017
Sci/Tech Nation, based on data from a Future Markets Insights Global Analysis, reports that due to rising healthcare costs and the high price of medical devices, the demand for reprocessed medical devices is expected to witness high growth over the forecast period of 2017-2027.
The low price of the reprocessed devices is a major factor responsible for the rising demand of the reprocessed medical devices: reprocessed medical devices cost nearly 30% – 40% less as compared to new devices. Hospitals are the largest consumer segment of the reprocessed medical devices. The adoption rate of the reprocessed medical devices is witnessing significant increase among the hospitals a result of an increasing number of hospitals operating under limited budgets and long term cost efficacy. For instance, in the U.S. there are nearly 3,000 hospitals with medical device reprocessing programs.
The global reprocessed medical devices market is expected to witness robust growth over the forecast period owing to an emphasis on reduction of medical waste.
North America is expected to be the largest maker of reprocessed medical devices followed by Western Europe. For more information on the report, Read More.
Posted on December 29th, 2016
Practice Greenhealth has announced the availability of its 2016 Sustainability Benchmark Report.
“Third-party reprocessing of certain FDA-approved single-use medical devices offers huge benefits to the hospital in driving down RMW tonnage and disposal fees while also dramatically reducing the up-front purchase cost for a reprocessed versus a virgin device (often by around 50 percent). It is important to note that there are two aspects to a reprocessing program—the collection of devices bound for reprocessing and the subsequent buy-back of the reprocessed devices. While the collection of devices for reprocessing can offer significant avoided waste tonnage, the bulk of the cost savings and environmental impact reduction is in the buy-back of reprocessed devices. Medical device reprocessing has continued to grow within Practice Greenhealth member hospitals as evidenced by the yearly savings and tonnage growth indicated…”
The report also notes that to maximize reprocessing savings, hospitals must remain vigilant in managing their program.
”…Purchasing reprocessed devices also requires considerable negotiation with suppliers—some of whom insert carefully written contract requirements for a certain portion of virgin devices that must be purchased for every reprocessed device bought back. Knowledgeable buy-back can sometimes be a slower implementation process. ….Supply chain leadership is key in negotiating these contracts.”
Read More. (full access for Practice Greenhealth members)
Posted on December 23rd, 2016
Source: Shawn Morgan, QWTJ LIVE
Zion Research has published a new report titled “Reprocessed Medical Devices Market (Cardiovascular Medical Devices, Laparoscopic Medical Devices, Orthopedic/ Arthroscopic Medical Devices Gastroenterology Medical Devices and General Surgery Medical Devices) for Hospital and Home Healthcare: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”.According to the report, the global reprocessed medical devices market was valued at approximately USD 1.42 billion in 2015 and is expected to reach approximately USD 4.02 billion by 2021, growing at a CAGR of around 19.7% between 2016 and 2021…
The market is primarily driven by the increasing significance and need for medical waste disposal. Favorable government initiatives are another key driving factor for reprocessed medical device market.Moreover, the growing concern regarding high volume of waste and landfills generated globally is influential in shifting the focus towards reprocessing of medical devices. However, reluctance in adopting reprocessed medical devices may hamper the market growth within the forecast period. Nonetheless, reduced product pricing of reprocessed devices is anticipated to open up new growth opportunities in the near future…
Request a Sample of the Report here.
Posted on December 18th, 2016
We look forward to cooperating as PAHO contemplates a comprehensive, Pan American medical device regulation that addresses medical device reprocessing.
Posted on December 18th, 2016
Questions over proper oversight and allowances for reprocessing of single-use devices in the EU caused significant debate among policymakers who developed the pending European Medical Devices Regulation. Reprocessing advocate Dan Vukelich talked to Medtech Insight about whether or not there will be an EU-wide approach to device reprocessing under the new rules, and more about the path forward for the practice.
“Frankly, as SUD remanufacturers now need to meet all the same MD requirements as any other manufacturer and await member states to affirmatively opt in, the standard for SUD remanufacturing is now higher than it is for most manufacturers…”
Read More. (Subscription required)
Posted on December 2nd, 2016
Source: Ajay Daniel, WhaTech Channel, Medical Market Research
A new report from Research Nester Pvt Ltd finds that the “Reprocessed Medical Devices Market is one of the fast growing markets across the globe. There has been a [significant] rise in healthcare technology in the past few years to provide effective and affordable medical devices.”
“The global reprocessed medical device market is expected to reach USD 4.95 Billion by 2021 from USD 0.76 Billion in 2013 and it is expected to grow at a CAGR of 19.55% over the forecast period i.e. 2015-2021. Increase in demand for reprocessed medical devices is expected to rise over the forecast period i.e. 2015-2021, driven by need to minimize the cost of clinical applications and diagnosis process to provide better and safe medical services.”
Request a Table of Contents for the Report
Posted on November 11th, 2016
Source: Medical Device Developments
There are many challenges to pre-hospital sterilisation methods of medical equipment, from single-use disposable devices to longer-lasting equipment designed to work for years. Kerry Taylor-Smith explores the ongoing debate around reprocessing single-use devices. Association of Medical Device Reprocessors president Daniel Vukelich explains how single-use device reprocessing is a good way of containing costs without risking patient safety.
If a device is designed to be used just once, then that is the end of its life cycle. Or so one might think; in actual fact, many single-use devices (SUDs) are reprocessed and made safe for use again, and again, and again.
SUDs first appeared in the 1980s because of increasing concern regarding the safety of multiple-use devices in terms of infection risk. At the time, no one really thought about their impact on the environment, but with overflowing landfills and soaring costs of healthcare, repurposing them is now considered the responsible thing to do. Some SUDs really are designed for single use and are therefore disposed of; others are just labelled so by the original equipment manufacturer (OEM), leading some healthcare providers to believe that SUDs are only safe for one use. In fact, this is not always the case, and many SUDs can and are remanufactured either by the OEM or by third-party reprocessors. If a single-use instrument has been properly cleaned, tested and considered functional, repackaged and sterilised, then it can – and should – be reused…
Daniel Vukelich, president of the Association of Medical Device Reprocessors (AMDR) – which represents the legal and regulatory interests of third-party reprocessors of medical devices labelled for single use, and is dedicated to educating consumers and the healthcare community regarding the safety, legality, and benefits of third-party reprocessing – believes that sceptics are probably unaware of the realities.
“Ultimately, in our view, companies that are responsive to their healthcare providers’ needs are going to be successful in the long run. Hospitals cannot afford to throw away millions of dollars worth of recoverable devices every year – it is irresponsible and unsustainable. The marketplace is going to reward reprocessors that help hospitals and surgical centres to achieve their objectives,” argues Vukelich.
Posted on November 1st, 2016
A new report by Global Market Insights forecasts that revenue from the reprocessed medical device market will increase by 20% CAGR by 2023, growing from $1.12 billion to over $5 billion.
“Based on the type of product, the global reprocessed medical devices market is divided into cardiovascular (blood pressure cuffs/tourniquet cuffs, electrophysiology cables, cardiac stabilization and positioning, diagnostic electrophysiology catheters and compression sleeves), gastroenterology, orthopedic/arthroscopic, laparoscopic, and general surgery equipment.
Laparoscopic equipment accounted for the second largest share as a consequence of rapidly increasing demand for minimally invasive techniques and is predicted to follow a similar trend in the coming years. Hospitals account for nearly 40% of the revenue as owing to the increase in third party and in-house reprocessing caused by tremendous waste production. As per a report by the Association of Medical Device Reprocessors (AMDR), hospitals can save up to 50% of their equipment costs on using these aforementioned products.
To read more, or to request the Global Market Report, click here.
Posted on October 28th, 2016
CleanMed Europe 2016 – Day 3 Round-Up
The final day of CleanMed Europe 2016 featured a wide range of parallel sessions where participants shared ideas and best practices on a wide range of topics including pharmaceutical management, waste management strategies and increasing education through leadership in the clinical environment.
Daniel Vukelich of the Association of Medical Device Reprocessors explains how members of the association validate their procedures so that devices are classed as “remanufactured” and have the same safety standards as the original equipment manufacturers. With devices costing thousands of Euros increasingly being sold as “single use,” this service is increasingly important and can save significant amounts of money and waste.
Click here for the full roundup of CleanMed Day 3.
Thanks to everyone at CleanMed for making the event a success!