Axiom Market Research & Consulting™ added a report on global medical instruments disinfections market which includes study on product type, environmental protection agency (EPA) classification, end user, and distribution channel across various countries of key regions across the globe. The global medical instruments disinfections market was projected to grow at a CAGR of 7.77% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) by the medical instruments disinfections market.
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The factors such as rapid growth in the market for healthcare sector across the globe, increasing number of hospitals and other healthcare settings such as clinics, growing elderly population, growing market for medical device industry, and increasing awareness about several preventative measures associated with various infectious diseases are likely to contribute to the healthy growth of the market.
The report analyses the global medical instruments disinfections industry based on product type, environmental protection agency (EPA) classification, end user, distribution channel, and geography. The product type segment of the industry is segmented into disinfectant, disinfector, and endoscope reprocessor. The environmental protection agency (EPA) classification of medical instruments disinfections are low level, intermediate level, and high level. The major end uses of this market are hospitals, laboratory, medical device manufacturers, and pharma manufacturers. By distribution channel market is bifurcated into tenders and over the counter segment. The global medical instruments disinfections market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
The disinfectant product segment is expected to dominate the medical instruments disinfections market during the forecast period
The rapid adoption of the disinfectants such as liquid, sprays and wipes to clean and disinfect several medical instruments in healthcare settings, such as hospitals, nursing homes, clinics and many others is major factor that attributed to the segment growth.
In 2020, low level segment of the environmental protection agency (EPA) classification accounted for the major market share
The low level segment hold significant share in the medical instruments disinfections market. This is owing to the surge in the adoption of EPA registered disinfectants such as quaternary ammonium compounds in various disinfection applications is accredited to the market growth. This quaternary ammonium compound is generally effective against a broad range of microbes such as Influenza A and MRSA.
Hospitals end user segment dominated the medical instruments disinfections market in 2020 and is witnessing the fastest growth.
The growth of hospitals segment is primarily accredited to the factors such the massive presence of both public and private medical institution such as clinics and hospitals across the globe, latest trends and innovations in the global healthcare sector, and vast availability of technically skilled professional in healthcare industry.
Tenders segment is witnessing fastest growth of the medical instrument disinfections market
An increasing demand for medical instrument disinfectants in a bulk quantity by various government and private healthcare centres such as hospitals, nursing homes, and many others is attributed to the growth of the tenders segment.
North America dominated Medical Instruments Disinfections market in 2020 and is expected to witness the fastest growth in upcoming years
North America is expected to witness the fastest growth in upcoming years owing to hold significant market share. The US followed by Canada and Mexico is projected to be the fastest growing market owing to presence of well-established healthcare industry. Additionally, the presence of various leading medical instruments disinfections manufacturing companies, growing production and exports of medical instruments, and increasing cases of hospital acquired infections across the region are further creating more opportunities for the market to grow in NA region.
Key Players:
The key player in global medical instruments disinfections market are Halyard Health, Inc, 3M, Advanced Sterilization Products Division, Belimed AG, Metrex Research, LLC, BODE Chemie GmbH, Ecolab, Getinge Group, Schulke & Mayr GmbH, Steelco S.p.A, Steris Plc and Tristel among others.
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