Medical Device Cleaning Market
Global Medical Device Cleaning Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 7.2% in the Forecast Period
Published | 02 August 2021
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global medical device cleaning market was worth USD 1.9 billion in the year 2020. The market is estimated to grow at a CAGR of 7.2%, earning revenue of around USD 3.1 billion by the end of 2027. Hospital-acquired infections (HAIs) and the increasing demand for various surgical procedures are the factors contributing to the growth of the global medical device cleaning market. Furthermore, the global preference for maintaining the hygiene and cleanliness of medical equipment has added to the growth of the medical device cleaning market. However, issues arising during the cleaning of refurbished medical devices may hamper the market growth.
Regulatory Policies for Infection Prevention Is Estimated to Drive the Global Medical Device Cleaning Market During the Forecast Period
Many healthcare authorities have created policies and standards surrounding the sterilization and disinfection of medical devices that all health care facilities are required to follow. These policies emphasize the importance of educating healthcare workers about the risks of exposure to infectious agents through the use of a specific device.The policies also mandate the use of state-approved chemicals to clean medical devices after surgeries, sterilize and disinfect medical devices, and keep all of this under the control of a central processing department. These are some regulations that are favoring the growth of the global medical device cleaning market world.
Increasing Prevalence of Chronic Diseases and Hospitalization is Anticipated to Propel the Growth of the Global Medical Device Cleaning Market
Worldwide, millions of individuals suffer chronic diseases that require them to be hospitalized on a regular basis. Therefore, the increasing prevalence of chronic diseases has also increased hospitalization rates. Considering the growing number of patients seeking treatment at hospital facilities, it is vital for hospitals to ensure patients are protected from hospital-acquired infections. The World Health Organization estimates that 1.4 million people worldwide suffer from nosocomial or hospital-acquired infections (HAI) at any given time. An estimated 2 million cases of HAI occur every year, resulting in 80,000 deaths. The prevalence and impact of healthcare-associated infections are significant public health problems. Therefore, hospitals are increasingly using medical device cleaning agents for proper disinfection. Consequently, the medical device cleaning market is blossoming at a rapid pace.
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Global Medical Device Cleaning Market - By End-User
Based on end-users, the global medical device cleaning market is segmented into hospitals & clinics, diagnostic centers, dental hospitals & clinics, and other end-users. Among these, the hospitals and clinics segment holdthe largest market share because of the high number of inpatient treatments and surgeries performed in these premises. Another factor driving the growth of the global medical device cleaning market is the growing number of hospitals and clinics, especially in developing countries due to the development of healthcare infrastructure.
Global Medical Device Cleaning Market - Regional Insights
Geographically, the global medical device cleaning market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America accounts for the largest market share. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period because of the increasing healthcare expenditure and development of structured healthcare standards. Furthermore, the government is also taking various initiatives for the prevention of any infection spread which is also acting as a crucial growth factor for the medical device cleaning market in the Asia Pacific region.
Impact of COVID-19 on Global Medical Device Cleaning Market
The global medical device cleaning market flourished significantly after the breakout of the COVID-19-induced pandemic. In numerous studies, it has been found that regular cleaning of surfaces and the body is one of the most important preventative measures against the spread of viruses. As a result, the need for medical device cleaning amplified several folds in healthcare facilities, especially in regard to respiratory devices, such as ventilators and oxygen concentrators. The other reason this market didn't fall into a slump in this periodis that its manufacturing operations didn't cease, which allowed it to meet the demand without much difficulty.
The leading market players in the global medical device cleaning market are Sterigenics International LLC, Medline Industries, Inc., STERIS PLC, Metrex Research, LLC, Cantel Medical Corporation, 3M Company, Advanced Sterilization Products, Ruhof Corporation, GAMA Healthcare Ltd, Case Medical, Inc., Integra LifeSciences Holdings Corporation, Pharmax LTD., BODE Chemie Gmbh, Ecolab Inc., SKLR Surgical Instruments, Getinge AB, Biotrol, Hartmann Group, Oro Clean Chemie AG, and other prominent players.
The companies engage in product approvals and launches to expand their product portfolio to stay ahead in the competition. They have also been adopting competitive strategies like partnerships, mergers& acquisitions, collaborations, etc., to gain a competitive edge in the market Furthermore, the industry players are also targeting potential markets by releasing innovative medical device cleaning products.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global medical device cleaning market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global medical device cleaning market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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