HOME Research Insight STERIS plc (U.S.) and Getinge Group (Sweden) are the Key Players in the Medical Device Cleaning Market

STERIS plc (U.S.) and Getinge Group (Sweden) are the Key Players in the Medical Device Cleaning Market

The global medical device cleaning market is projected to reach USD 1.71 Billion by 2022 from USD 1.31 Billion in 2017, at a CAGR of 5.6%. Factors such as the growing prevalence of hospital-acquired infections, rapid growth in the geriatric population and prevalence of chronic diseases are the key drivers of this market.

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

STERIS plc (U.S.) dominated the global medical device cleaning market in 2016. The company has a strong presence in the market with a comprehensive range of cleaning chemistries and sterility assurance cleansing products. The company has a significant presence across the globe but particularly in the U.S., U.K., China, Canada, Mexico, and Brazil. The company emphasizes on increasing its market presence and geographical network through acquisitions, for instance, in November 2015, the company acquired Synergy Health plc (U.K.), a healthcare service provider, to offer more comprehensive solutions to medical device and pharmaceutical companies, hospitals, and other healthcare facilities across the globe. Also, in April 2014, the company acquired Integrated Medical Systems International, Inc. (IMS) (U.S.), a privately held endoscope repair, surgical instrument management, and sterile processing consulting company. This acquisition helped the company to expand its business in specialty services.

Getinge Group (Sweden) held the second position in the global medical device cleaning market in 2016. The company’s stronghold in this market is primarily attributed to its continuous focus on innovation and product development to strengthen their customer base across the globe. The company offers a wide range of products in the medical device cleaning market through its Surgical Workflows segment.

The company is highly focused on acquisitions and expansions for its market growth and strong geographical presence, for instance, in December 2015, the company acquired Stericool (Turkey), a company specializing in low-temperature sterilization. This acquisition enabled the company to strengthen its offerings for the sterilization market and ensure long-term revenue growth.

Related Reports:

Medical Device Cleaning Market by Process (Presoak, Manual Cleaning, Automatic Cleaning, Disinfection) Type (Enzymatic & Non-enzymatic Detergent) Application (Surgical Instruments, Endoscope, Ultrasound Probe) - Global Forecast to 2022

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