Medical Device Cleaning Market to be Worth $47.3 Billion by 2030: Grand View Research, Inc.

Medical Device Cleaning Market to be Worth $47.3 Billion by 2030: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, July 24, 2023

SAN FRANCISCO, July 24, 2023 /PRNewswire/ -- The global medical device cleaning market size is anticipated to reach USD 47.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.6% from 2023 to 2030. Introduction of advanced materials and methods for reprocessing medical devices and increasing adoption of preventive measures to reduce hospital-acquired infection cases are factors driving the market. The COVID-19 pandemic has significantly affected nearly all industries and increased hospitalization rates. As a result, revenue generation of organizations operating in medical device cleaning industry is likely to increase. In ICUs, there has been an increase in the number of patients requiring respiratory treatment, which has led to rise in the use of medical device cleaning.

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Key Industry Insights & Findings from the report:

Read full market research report, "Medical Device Cleaning Market Size, Share & Trends Analysis Report By Device (Non-critical, Semi-critical, Critical), By Technique (Cleaning, Disinfection), By EPA Classification, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research. 

Medical Device Cleaning Market Growth & Trends

On the other hand, hospitals are making significant expenditure on enhancing healthcare infrastructure, fueling growth of market. Key manufacturers, on the other hand, are focusing on developing innovative solutions to combat the spread of coronavirus. For example, in April 2020, the FDA approved the use of Steris, maX2, and maX low-V-PRO 1 Plus temperature sterilization equipment in hospitals treating COVID-19 patients to decontaminate roughly 750,000 N95 respirators and comparable masks every day. Therefore, the market is likely to increase during the forecast period due to the rising demand for improved healthcare systems, rising prevalence of chronic diseases, and technological advancements.

Medical Device Cleaning Market Report Scope    

Report Attribute

Details

Market size value in 2023

USD 23.4 billion

Revenue forecast in 2030

USD 47.3 billion

Growth Rate

CAGR of 10.6% from 2023 to 2030

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2023 - 2030

 

Medical Device Cleaning Market Segmentation

Grand View Research has segmented the global medical device cleaning market on the basis of device, technique, EPA classification, and region:

Medical Device Cleaning Market - Device Outlook (Revenue, USD Million, 2017 - 2030)

Medical Device Cleaning Market - Technique Outlook (Revenue, USD Million, 2017 - 2030)

Medical Device Cleaning Market - EPA Classification Outlook (Revenue, USD Million, 2017 - 2030)

Medical Device Cleaning Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

List of Key Players in the Medical Device Cleaning Market

Check out more market research studies published by Grand View Research:

Browse through Grand View Research's Medical Devices Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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