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:
Medical devices are used in a variety of medical procedures and surgeries every day. However, contaminated medical devices pose serious risks of cross-infection and device-related infections. Proper cleaning and disinfection of medical devices is crucial to avoid infections and ensure patient safety. Medical device cleaning involves cleaning, disinfecting, rinsing and drying of devices to remove contaminants such as bodily fluids, tissues, chemicals and microorganisms. Various cleaning agents and methods are used depending on the type of device and level of disinfection required.
Market key trends:
With rising prevalence of hospital-acquired infections, the need for efficient and effective disinfection of medical devices is growing. Regulatory bodies have mandated strict guidelines regarding reprocessing and disinfection of reusable devices. This is driving increased adoption of automated and validated cleaning methods over manual cleaning. Advanced technologies such as washer-disinfectors, ultrasonic cleaning equipment and formulation of better cleaners have improved the effectiveness as well as efficiency of device cleaning. Growing demand for minimally invasive surgeries and single-use devices is further fueling the medical device cleaning market growth.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in medical device cleaning market is moderate. High costs associated with product development, regulatory approvals, and manufacturing medical grade products pose barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is moderate to high. The presence of many established players provides buyers options to compare products and prices.
Bargaining power of suppliers: Presence of numerous suppliers for raw materials limits their bargaining power. Suppliers do not have significant influence over determining prices in the market.
Threat of new substitutes: Threat of substitutes is low as cleaning and sterilization are essential for medical devices used in surgical procedures. No cost-effective substitute products exist currently.
Competitive rivalry: The medical device cleaning industry is consolidated with top players competing on product offerings and cost.
SWOT Analysis
Strength: Established brands, product innovation, and comprehensive product portfolio gives leading players an edge.
Weakness: High R&D and compliance costs reduces margins for small and mid-sized players.
Opportunity: Growing healthcare expenditure in emerging economies presents an opportunity for market expansion.
Threats: Stringent regulatory environment and risk of product recalls pose challenges.
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 demand for sterilized medical devices from large hospital pool and ASCs.
Regional analysis
North America dominates the global market due to stringent regulations regarding sterilization of medical devices and presence of major players. The market in Asia Pacific is expected to witness highest CAGR over the forecast period due to increasing healthcare spending, rising medical tourism, and growing healthcare infrastructure in emerging countries like China and India.
Key players
Key players operating in the Medical Device Cleaning market are 3M, Ecolab, STERIS, Getinge Group, and Cantel Medical, among others. 3M is a leading player with wide product portfolio of disinfectants and sanitizers. Ecolab offers utlra-sonic cleaning systems and sterilants.
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