Fact.MR – a market research and competitive intelligence provider, projects the global medical device cleaning market to have a positive outlook, expanding at a CAGR of above 6% across the 2021-2031 forecast period.
Medical device cleaning is a vital and important part of any surgical process. Most medical devices are reused in healthcare procedures, such as scissors, scalpels, retractors, endoscopes, and forceps. To avoid any kind of infection among patients and healthcare workers, medical device need to be sterilized and cleaned properly before using in consequent surgical procedures.
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Key Takeaways from Market Study
- Global medical device cleaning market to top US$ 2 Bn by 2031
- Disinfection segment projected to reach around US$ 1 Bn by 2031
- Automatic cleaning projected to record around 4% CAGR over the next 10 years
- Market in Japan to record 4% CAGR over the forecast period of 2021- 2031
- China forecast to reach a projected market size above US$ 460 Mn by 2031
- Market in Canada projected to expand at above 3% CAGR over the next 10 years
Market Competition
Companies leverage strategic collaborative initiatives to increase their market share and profitability. Companies operating in the market are also acquiring start-ups working on medical device cleaning processes to strengthen their product capabilities.
- In 2020, Getinge announced the acquisition of 100% shares of Quadralene. Quadralene is a global manufacturer of, and expert in, decontamination products such as detergents and disinfectants for the healthcare and dental sector.
- In 2019, Fortive completed the acquisition of the Advanced Sterilization Products business segment from Johnson & Johnson, which also includes the STERRAD Sterilization System.
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Fact.MR’s Domain Knowledge on Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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