Industry Background:
Medical device cleaning involves the removal of foreign material from the devices using water with detergents or enzymatic products. Manual cleaning is the most frequently used method, but many hospitals and clinics are using automated washer-disinfectors for reprocessing reusable medical devices. While cleaning the medical devices there are chances of exposure to bio-hazardous material such as blood, bloody tissue etc. The critical care should be taken while doing the medical device cleaning. While a growing number of coronavirus cases worldwide, it is important to minimize the spread of disease by preventing the contamination of devices. COVID-19 is an infectious disease that can be spread when a person touches a surface or object that has the virus on it, then touches their eyes, nose, or mouth. Coronavirus can survive on medical devices surfaces for many hours but it can be inactivated by cleaning and disinfection. It is necessary to clean frequently touched surfaces with a detergent solution. If it is not followed, the hospital setting can become an environment for disease transmission.
According to AMA Research, the market for Medical Device Cleaning is expected to register a CAGR of 10.4% during the forecast period to 2030. This growth is primarily driven by Rising Prevalence of COVID-19 Illness
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 3M Company (United States), STERIS plc. (United States), Getinge Group (Sweden), Advanced Sterilization Products (United States), Ecolab Inc. (United States), Metrex Research, LLC (United States), Cantel Medical Corporation (United States), Ruhof Corporation (United States), BODE Chemie Gmbh (Germany) and Integra LifeSciences Holdings Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2019, Fortive Corporation has announced that it has completed the acquisition of the Advanced Sterilization Products, a leading global provider of innovative sterilization and disinfection solutions business from Ethicon, Inc., a subsidiary of Johnson & Johnson.
In June 2023, EOS, Precision ADM, Orthopaedic Innovation Centre (OIC), and Tecomet announced a partnership, to accelerate medical device development with additive manufacturing.Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Regulatory Insights:
The Food and Drug Administration (FDA or Agency) plays a critical role in protecting the United States from threats including emerging infectious diseases, including the Coronavirus Disease 2019 (COVID-19) pandemic. FDA is committed to providing timely guidance to support response efforts to this pandemic.
Influencing Trend:
High Demand for Advanced Cleaning Products for Effective Cleaning and Increasing Awareness about Importance of Medical Device Cleaning
Market Growth Drivers:
Rising Prevalence of COVID-19 Illness, Adoption of Advanced Methods of Cleaning, Rising Number of Hospitals, Clinics and Healthcare Facilities and Government’s Strict Rules and Regulations
Challenges:
Unavailability of Skilled Person for Cleaning and Stringent Government Rules and Regulations
Restraints:
Increasing Preference of the Single-Use Instruments and Rising Resistance in the Viruses
Opportunities:
Increasing Numbers of Surgical Procedures Worldwide, Growing Prevalence of Hospital Acquired Infections and Increasing Number of Death due to Coronavirus Worldwide
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical Device Cleaning Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical Device Cleaning Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical Device Cleaning players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Device Cleaning Study Sheds Light on
The Medical Device Cleaning Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Device Cleaning industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Device Cleaning industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.