Market Trends of South America Single-Use Medical Device Reprocessing Industry
This section covers the major market trends shaping the South America Single-Use Medical Device Reprocessing Market according to our research experts:
Sequential Compression Sleeves by Class II Device Segment is Poised to Register Robust Growth
The class II device segment is expected to hold a significant share in the single-use medical device reprocessing market over the forecast period, owing to the increasing number of cardiac and other intervention procedures and the consequent economic load demand for assessing single-use device reuse due to the rising cost of instruments and burden of cardiovascular diseases around the world. In class II, sequential compression sleeves are designed to increase venous blood flow in patients with deep vein thrombosis and pulmonary embolism. Compression sleeves are considered reusable, as they can withstand cleaning and sterilization. The quality of the device and physical characteristics are not likely to be affected by reprocessing, and the device remains safe and effective for its intended use.
Sequential compression sleeves are used widely worldwide due to the high burden of diseases such as deep vein thrombosis and pulmonary embolism. They are further expected to increase over the years. As per the NCBI article published in January 2020, the incidence rate of venous thromboembolism in Argentina was 0.7 per 1,000 person-years. Furthermore, with the growing burden of cardiovascular diseases, sequential compression sleeves are expected to increase, which will drive growth in the studied segment. Hence, the sequential compression sleeve segment is expected to grow due to the rising medical device demand.
Brazil is Expected to Dominate the Single-use Medical Device Reprocessing Market over the Forecast Period
Brazil holds a major share in the single-use medical device reprocessing market and is expected to show a similar trend over the forecast period, mainly due to the increasing cost of reusable medical devices and the rising prevalence of cardiovascular diseases in the region.
The increase in the demand for single-use medical device reprocessing in Brazil is due to the high burden of diseases such as deep vein thrombosis and pulmonary embolism, which are further expected to increase over the years. As per the NIH article published in February 2022, the average prevalence of deep vein thrombosis was 2.5% among the Brazillian population. The months of March and April 2021 had a significant increase in venous thrombosis and mortality. Also, increasing cases of cardiovascular diseases and related surgical procedures are the major growth factors for the market. As per the NCBI article published in June 2020, cardiovascular diseases were responsible for more than 10.0% of all hospital admissions in Brazil. Similarly, in another article published in NCBI in September 2021, the average annual rate for coronary heart disease and heart stroke was 78.75 among the Brazillian population.
Thus, the prevalence of cardiac diseases generates a growing need for single-use medical devices and reprocessing, and this high prevalence of diseases requiring class I and class II devices will significantly boost the market's growth in this country.
