PUBLISHER: Grand View Research | PRODUCT CODE: 1301131
PUBLISHER: Grand View Research | PRODUCT CODE: 1301131
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.
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.