The Medical Device Cleaning Market is estimated to be valued at US$ 8.06 Bn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Medical Device Cleaning Market involves cleaning, disinfection and sterilization of various medical devices used in the healthcare facilities. Wide range of devices such as surgical instruments, ultrasound probes, endoscopes, dental instruments and other medical equipment require thorough cleaning to remove contaminants and prevent infection. Improper cleaning can potentially expose patients as well as medical staff to various infectious diseases.
Market Dynamics:
The growth of the Medical Device Cleaning Market is primarily driven by the rising prevalence of hospital acquired infections (HAIs) and stringent regulatory guidelines regarding sterilization and disinfection of medical devices. As per the estimations of World Health Organization (WHO), nearly 10% of all patients admitted to the hospitals in developed countries acquire at least one HAI. This factor has increased the need for effective cleaning, disinfection and sterilization of medical devices to prevent transmission of infections.
Furthermore, increasing surgical procedures owing to rising geriatric population and chronic diseases has augmented the utilization of various medical devices. According to American Hospital Association, over 51.4 million inpatient surgeries were performed in the U.S. in 2020. Growing number of surgical procedures drive the demand for cleaning and sterilization of surgical instruments and devices, thereby propelling the market growth.
Segment Analysis
The medical device cleaning market is dominated by the lifescience instruments sub-segment. This sub-segment accounts for over 30% of the market share owing to rising number of diagnostic tests being conducted and the need for repeated cleaning and sterilization of tools used for these tests such as MRI machines, ultrasound devices, endoscopes and other surgical tools.
PEST Analysis
Political: Regulations around the world emphasize on the need for effective cleaning and sterilization of medical devices to prevent the spread of infections. This has boosted demand for specialized medical device cleaning products and services.
Economic: Growth in the healthcare industry along with rising spend on hospitals and clinics has increased procurement of medical equipment, thereby driving the need for regular cleaning and maintenance of these devices.
Social: Increasing prevalence of chronic and lifestyle diseases has augmented the requirement for various medical tests and surgeries. This has spurred the medical device cleaning market.
Technological: Advanced automated cleaning systems with features such as improved disinfection protocols and drying mechanism have gained popularity among healthcare facilities looking to optimize cleaning processes.
Key Takeaways
The Global Medical Device Cleaning Market Size is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing prevalence of hospital acquired infections and stringent regulations regarding use of cleaned medical instruments. North America is expected to dominate the market over the forecast period owing to growing healthcare expenditure, rising number of surgical procedures and presence of major players in the region.
Regional analysis: North America is expected to dominate the medical device cleaning market during the forecast period. This is attributed to factors such as rising healthcare spending in the US, growing number of surgical procedures and stringent regulations regarding cleaning and disinfection of medical equipment.
Key players: Key players operating in the medical device cleaning market are 3M, Ecolab, STERIS, Getinge Group, and Cantel Medical, among others. 3M is one of the leading players offering specialized surface cleaning wipes and sterilants.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it