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Medical Device Cleaning Market Worth $2.6 Billion by 2025 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

Feb 17, 2020, 08:30 ET

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CHICAGO, Feb. 17, 2020 /PRNewswire/ -- According to the new market research report "Medical Device Cleaning Market by Process (Presoak, Manual Cleaning, Automatic, Disinfection] Type (Non-Enzymatic, Enzymatic, High level disinfectant) Application (Surgical, Endoscope, Ultrasound, Dental Instruments) & End user - Global Forecast to 2025", published by MarketsandMarkets™, the Medical Device Cleaning Market is projected to reach USD 2.6 billion by 2025 from USD 1.8 billion in 2020, at a CAGR of 7.9%.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39633818

The growth of the market is mainly driven by the rising incidence of hospital-acquired infections (HAIs), rapidly growing geriatric population, rise in healthcare expenditure, and increasing focus on disinfection and sterilization in the healthcare sector. However, the increasing preference for single-use instruments due to concerns regarding the safety of reprocessed instruments is a factor expected to restrain the growth of this market to a certain extent during the forecast period. 

Based on process, the disinfection segment accounted for the largest share of the Medical Device Cleaning Market in 2019

On the basis of process, the disinfection segment accounted for the largest share in the global market. This is primarily attributed to the increasing demand for high-level disinfectants & sterilization for heat-sensitive instruments and the increasing effectiveness of disinfectants. The automatic cleaning segment held the second-largest share and is expected to grow at the highest CAGR during the forecast period.

Browse in-depth TOC on "Medical Device Cleaning Market"

177 – Tables
33 – Figures  
181 – Pages

By application, the ultrasound probe segment is expected to grow at the fastest rate in the market during the forecast period.

Based on application, the ultrasound probes segment is expected to grow the fastest in this market. The increasing incidence of ultrasound-related infections is a primary factor expected to boost the demand for this segment.

By end users, the hospitals and clinics segment accounted for the largest share of the Medical Device Cleaning Market in 2019

Based on end users, the market is segmented into hospitals and clinics, diagnostic centers, dental clinics and hospitals, and other end users. The hospitals and clinics segment accounted for the largest share of the market owing to the growing number of hospitals and clinics in developed countries, increasing prevalence of HAIs, and increasing number of medical institutes in developed and emerging regions.

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By region, North America accounted for the largest share of the Medical Device Cleaning Market in 2019

North America represented the largest market in 2019, followed by Europe and the Asia Pacific. Factors such as its well-established healthcare industry, rising prevalence of non-communicable diseases, and increasing volume of surgical procedures contribute to the growth of this market. The rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and the growing burden of HAIs are majorly contributing to the second-largest market share of Europe.

The major players in the global Medical Device Cleaning Market are STERIS plc (US), Getinge Group (Sweden), Cantel Medical Corporation (US), Ecolab Inc. (US), 3M Company (US), Advanced Sterilization Products (US), Ruhof Corporation (US), Metrex Research, LLC (US), Hartmann Group (Germany), Integra LifeSciences Holdings Corporation (US), Sklar Surgical Instruments (US), Biotrol International (US), Oro Clean Chemie AG (Switzerland), G9 Chemicals (UK), Pharmax Ltd. (Canada), Stryker Corporation (US), Medline Industries Inc. (US), Medalkan (Greece), Case Medical Inc. (US), and Certol International LLC (US).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

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Browse Related Reports:

Infection Control Market by Product (Disinfection (Disinfectant, Wipes, Sprays, Liquids, Disinfectors, UV, Wraps), AER, Sterilization (Steam, Hydrogen Peroxide, Radiation, Indicators, Services), End User (Hospitals, Life Science)) - Global Forecast to 2024

Surface Disinfectant Market by Composition (Quaternary Ammonium, Alcohols, Chlorine, Hydrogen Peroxide), Type (Liquids, Sprays, Wipes), Application (In-house, Instrument), End User (Hospital, Diagnostic, Research Labs) - Global Forecast to 2024

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets™'s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/medical-device-cleaning-market.asp 
Visit Our Website: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/medical-device-cleaning.asp 

SOURCE MarketsandMarkets

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