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Global medical device cleaning market to touch $ 1.7 bn by 2022

APAC region to witness high CAGR owing to rise in healthcare spending, says MarketsandMarkets

BS B2B Bureau  |  Pune, India 

The global cleaning market, valued at $ 1.31 billion in 2017, is expected to grow at a CAGR of 5.6 percent during 2017–2022 to reach $ 1.71 billion by 2022, according to a report. The includes detergents and disinfectants used for cleaning and disinfection of medical instruments.

The rising incidence of hospital-acquired infections (HAIs), rise in expenditure, and increasing focus on disinfection and sterilization in the sector are driving the market growth.

The report has analysed the global by process, application, and region. On the basis of process, the disinfection segment accounted for the largest share in 2016, owing to the increasing demand for high-level disinfectants & for heat-sensitive instruments and the increasing effectiveness of these disinfectants. 

Based on the application, the global is categorised into surgical instruments, endoscopes, ultrasound probes, and other instruments. In 2016, the segment accounted for the largest share of the market, this is primarily attributed to the increasing prevalence and burden of HAIs and chronic diseases, growing geriatric population, and increasing number of surgeries.

Geographically, North America holds the largest share of this market and this is primarily attributed to its well-established industry, the prevalence of chronic diseases, and increasing volume of surgical procedures. The Asia-Pacific region is expected to witness the highest CAGR during 2017-22, owing to the increase spending, reforms for infrastructural development, growing awareness, increasing number of hospitals, low labour costs, and favourable regulatory environment in this region.

Concerns about the safety and performance of reprocessed devices among some providers due to inadequate cleaning are increasing the widespread adoption of single-use medical instruments. Therefore, the lower adoption of instrument reprocessing techniques among facilities is going to restrain the growth of instrument cleaning & disinfection market at certain extent during the forecast period.

Steris Plc, which has been emphasising on increasing its market presence and geographical network through acquisitions, dominated the global in 2016. The company has a comprehensive range of cleaning chemistries and sterility assurance cleansing products and a significant global presence in the US, UK, China, Canada, Mexico and Brazil.

Global medical device cleaning market to touch $ 1.7 bn by 2022

APAC region to witness high CAGR owing to rise in healthcare spending, says MarketsandMarkets

APAC region to witness high CAGR owing to rise in healthcare spending, says MarketsandMarkets
The global cleaning market, valued at $ 1.31 billion in 2017, is expected to grow at a CAGR of 5.6 percent during 2017–2022 to reach $ 1.71 billion by 2022, according to a report. The includes detergents and disinfectants used for cleaning and disinfection of medical instruments.

The rising incidence of hospital-acquired infections (HAIs), rise in expenditure, and increasing focus on disinfection and sterilization in the sector are driving the market growth.

The report has analysed the global by process, application, and region. On the basis of process, the disinfection segment accounted for the largest share in 2016, owing to the increasing demand for high-level disinfectants & for heat-sensitive instruments and the increasing effectiveness of these disinfectants. 

Based on the application, the global is categorised into surgical instruments, endoscopes, ultrasound probes, and other instruments. In 2016, the segment accounted for the largest share of the market, this is primarily attributed to the increasing prevalence and burden of HAIs and chronic diseases, growing geriatric population, and increasing number of surgeries.

Geographically, North America holds the largest share of this market and this is primarily attributed to its well-established industry, the prevalence of chronic diseases, and increasing volume of surgical procedures. The Asia-Pacific region is expected to witness the highest CAGR during 2017-22, owing to the increase spending, reforms for infrastructural development, growing awareness, increasing number of hospitals, low labour costs, and favourable regulatory environment in this region.

Concerns about the safety and performance of reprocessed devices among some providers due to inadequate cleaning are increasing the widespread adoption of single-use medical instruments. Therefore, the lower adoption of instrument reprocessing techniques among facilities is going to restrain the growth of instrument cleaning & disinfection market at certain extent during the forecast period.

Steris Plc, which has been emphasising on increasing its market presence and geographical network through acquisitions, dominated the global in 2016. The company has a comprehensive range of cleaning chemistries and sterility assurance cleansing products and a significant global presence in the US, UK, China, Canada, Mexico and Brazil.
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