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3. STERIS plc (US) and Getinge Group (Sweden) are Leading Players in the Medical Device Cleaning Market

The global medical device cleaning market is projected to reach USD 2.6 billion by 2025 from USD 1.8 billion in 2020, at a CAGR of 7.9%. The major drivers for this market are the growing prevalence of hospital-acquired infections and the rapid growth in the geriatric population with a subsequent rise in the prevalence of chronic diseases. However, concerns regarding the safety of reprocessed instruments are expected to restrain the growth of this market during the forecast period.

The global medical device cleaning market is fragmented in nature with the presence of many local, regional, and global players. STERIS plc (US), Getinge Group (Sweden), Ecolab Inc. (US), and Cantel Medical Corporation (US) were the major players in this market. The companies are majorly focusing on acquisitions, expansions, and partnerships to strengthen its product offerings and establish a strong geographical foothold.

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STERIS plc was the leading player in the medical device cleaning market in 2019. The company has a diversified product portfolio, which includes a wide range of medical device cleaning products. STERIS’ position in the market is attributed to its active R&D activities and wide distribution footprint across the world. In order to garner a larger share in the medical device cleaning market, the company continuously focuses on new product development. STERIS also emphasizes on increasing its market presence and geographical network through acquisitions. In November 2015, the company acquired leading healthcare service provider, Synergy Health plc (UK), to provide more comprehensive solutions to medical device and pharmaceutical companies, hospitals, and other healthcare facilities across the globe. Later, in November 2017, the firm divested the Synergy Health Healthcare Consumable Solutions business. In April 2014, it acquired Integrated Medical Systems International, Inc. (US), a privately held endoscope repair, surgical instrument management, and sterile processing consulting company.

Sweden-based Getinge Group held the second-leading position in the global medical device cleaning market in 2019. The company’s stronghold is primarily attributed to its continuous focus on innovation and product development in order to strengthen its global customer base. The company is highly focused on partnerships, acquisitions, and expansions to expand its geographic footprint. In February 2017, Getinge entered into an agreement to distribute the full line of Ultra Clean Systems’ hospital-grade ultrasonic cleaning equipment, accessories, and detergents to healthcare facilities in the US and Canada. In December 2015, Getinge acquired Stericool (Turkey), a company specializing in low-temperature sterilization. In March 2014, its Infection Control division established a global innovation center in Gothenburg, Sweden. With such corporate strategies, the company is expected to maintain a leading position in the medical device cleaning market in the coming years.

Related Reports:

Medical Device Cleaning Market by Process (Presoak, Manual Cleaning, Automatic, Disinfection] Type (Non-Enzymatic, Enzymatic, High level disinfectant) Application (Surgical, Endoscope, Ultrasound, Dental Instruments) & End user - Global Forecast to 2025

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
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