San Francisco, 06 February 2019; The global medical device cleaning market size is expected to reach USD 15.9 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.3% during the forecast period. High adoption of advanced methods and materials to prevent infections in hospitals and increase in the number of hospitals & other healthcare facilities, including clinics, are expected to boost market growth.
Other key factors expected to enhance the market growth include strict regulations and guidelines to reduce incidences of hospital-acquired infections coupled with introduction of novel methods & materials for cleaning, disinfecting, and sterilizing medical devices. Increase in the number of contractual service providers for reprocessing and manufacturers of materials required in these processes is also anticipated to propel the market.
Guidelines and regulation by U.S. FDA play an important role in determining market dynamics. They profile various materials along with their effects in cleaning & disinfecting medical devices and risks associated with them. In addition, they regulate standards of tests for disinfection. Most developing countries follow similar guidelines, especially those in the Asia Pacific region, where medical tourism is booming and primary customers include patients from developed countries.
To view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/medical-device-cleaning-market
www.grandviewresearch.com/industry-analysis/medical-device-cleaning-market
Further key findings from the report suggest:
- Semi-critical devices accounted for the largest share in 2017 and is expected to dominate throughout forecast period. High usage and need for repeated sterilization between patients are among the key factors anticipated to drive the growth of the segment
- The disinfection segment dominated the market in 2017 and is expected to maintain the largest share throughout the forecast period. Introduction of novel and advanced disinfectants is likely to supplement the growth of the segment
- Sterilization is expected to exhibit the fastest growth during the forecast period. Adoption of advanced sterilization procedures in hospitals is expected to boost the growth of the segment
- Asia Pacific is anticipated to exhibit the highest CAGR during the forecast period. High demand for advanced medical device reprocessing equipment and materials owing to increasing medical tourism is one of the primary growth drivers in the region.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.
For more information: www.grandviewresearch.com
