Medical Device Cleaning Market Is Estimated To Witness High Growth Owing To Stringent Regulatory Standards

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The medical device cleaning market involves cleaning products and processes aimed at removing impurities such as dirt, soil, and contaminants from medical instruments and equipment to prevent infections. It is used across diverse applications including surgical instruments cleaning, ultrasound probe cleaning, endoscope cleaning, and many more. The growing prevalence of infectious diseases and implementation of strict safety and quality norms by regulatory bodies have made it imperative for healthcare facilities to adopt proper sterilization and disinfection practices.

The global medical device cleaning market is estimated to be valued at US$ 8.06 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

One of the key drivers for the medical device cleaning market is the stringent regulatory standards mandating healthcare facilities to adhere to cleaning, disinfection and sterilization guidelines issued by organizations like the Centers for Disease Control and Prevention and the Food and Drug Administration. Non-compliance can attract heavy penalties. Furthermore, the risk of hospital-acquired infections also drives the need for proper cleaning and sterilization of medical devices before every surgical procedure or medical examination. The COVID-19 pandemic further highlighted the importance of disinfection and stringent protocols. This has boosted demand for cleaning chemicals, solutions, and equipment over the recent past.

SWOT Analysis

Strength: The medical device cleaning market has strong growth opportunities due to rising number of hospitals, clinics and diagnostic centers globally. Stringent regulations regarding sterilization of medical devices before usage will boost demand for effective cleaning products. Development of eco-friendly and safe cleaning solutions compliant with industry standards is a key strength.

Weakness: High cost of advanced cleaning equipment and solutions can restrain market growth in price sensitive regions. Lack of standardized protocols for device cleaning across countries and healthcare facilities poses challenges.

Opportunity: Growing medical tourism and rising incidence of Hospital Acquired Infections (HAIs) will drive the need for improved cleaning and disinfection. Opportunity lies in developing regions with increasing healthcare expenditure. Growing geriatric population prone to chronic diseases necessitating device usage presents an avenue.

Threats: Non-compliant cleaning practices can pose health risks defeating the purpose. Social media criticism and negative publicity around product quality issues or failure are potential threats. Stringent environmental regulations around hazardous chemicals may limit product options.

Key Takeaways

The global Medical Device Cleaning Market Growth is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising number of surgical procedures and increasing emphasis on infection control across the world. The market size for 2023 is projected to reach US$ 8.06 Billion.

Regional analysis

North America region currently dominates the global medical device cleaning market owing to stringent regulatory norms and presence of major players in the region. However, Asia Pacific region is expected to witness the fastest growth due to growing medical tourism Industry and rapidly increasing healthcare Infrastructure & expenditure in major countries like China and India.

Key players

Key players operating in the medical device cleaning market are Hexion Inc., Dow Chemical Company, Aditya Birla Chemicals Co. Ltd., Huntsman Corporation, BASF SE, Royal DSM N.V. These leading players are focusing on new product launches and partnership strategies to gain further market share.

For more insights, read- https://dailynewsmotion.weebly.com/report-blog/medical-device-cleaning-market-is-estimated-to-witness-high-growth-owing-to-stringent-regulatory-standards

 

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