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Medical Cleaning Devices Market Size & Outlook by 2033 | FMI
Between 2023 and 2033, the Medical Cleaning Devices Market is expected to grow at a steady CAGR of 10.5%. The market is predicted to reach a value of US$ 23.31 billion in 2023, with a market share of US$ 62.99 billion by 2033.
The global medical cleaning devices market is expanding due to an increase in surgical operations and the incidence of chronic illnesses around all economies of the world. Ultrasonic cleaners, automated washers, and manual hand washing are the three most often utilized cleaning techniques for medical equipment.
Finding heat sterilization alternatives has become necessary as surgical equipment made of materials other than stainless steel have been introduced. The need for modern sterilization equipment is rising due to trends of creating a central sterile services department or the Sterile Processing Department in order to reduce the amount of time and money needed in the procedure.
Furthermore, profitable growth is anticipated for the market as in addition to sterilizing medical equipment, microorganisms are also eliminated. In medical settings, steam and EtO sterilization are the most often used sterilization techniques.
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Akin to how single-use devices have become more popular, critical devices category no longer require as much cleaning, disinfection, and sterilization, which is expected to impede demand for medical cleaning devices in the global market to some degrees.
Healthcare Sanitizing Equipment refers to equipment used for cleaning and disinfecting medical instruments and surfaces in healthcare facilities to prevent the spread of infections.
Key Takeaways from Market Study
The overall growth of the global medical cleaning devices market is estimated to be around US$ 37 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 10.5%.
The disinfection category is the most lucrative among all the technique segments provided by the global market players that acquires more than 50% of the business.
Among the different types of medical devices, semi-critical devices require the most cleaning, making it the largest segment with a share of more than 46%.
North America is the dominating market with an overall share of nearly 34% as recorded by the global medical cleaning devices market survey report for the year 2021.
Contrastingly, Asia Pacific holds the highest growth potential owing to its rapidly expanding healthcare infrastructure and improving standard of living.
Competitive Landscape
Some of the well-known global medical cleaning devices market players are Steris plc, GetingeAB, Advanced Sterilization Products, The Ruhof Corp., Sklar Surgical Instruments, Sterigenics International LLC, Biotrol, Metrex Research, LLC, Oro Clean Chemie AG, Cantel Medical Corp., Ecolab, and 3M among others.
Manufacturers will profit from terminal sterilization while boosting the efficacy and adoption of medical cleaning devices services, which is projected to accelerate in the near future. This technique is anticipated to increase patient safety and reduce hospital expenses.
Recent Developments in the Global Medical Cleaning Devices Market:
Metrex developed surface disinfectant wipes 2.0 CaviWipes in April 2021. These wipes are fully approved for the Emerging Viral Pathogen Claim EPA’s and are effective against 42 diseases, including SARS-CoV-2.
The largest group for infection prevention and control (IPC) specialists is the Association for Experts in Infection Control and Epidemiology (APIC) that also formed a strategic partnership with Metrex Research, LLC in August 2021. The APIC Strategic Partnership program fosters enduring relationships with business partners that share the objective of reducing infection risk.
Global Medical cleaning devices market by Segmentation
By Device:
Non-critical
Semi-critical
Critical
By Technique:
Cleaning
Detergents
Buffers
Chelators
Enzymes
Others
Disinfection
Chemical
Alcohol
Chlorine & Chorine Compounds
Aldehydes
Phenolics
Metal
Ultraviolet
Others
Sterilization
Heat Sterilization
Ethylene Dioxide (ETO) Sterilization
Radiation Sterilization
By EPA Classification:
High Level
Intermediate Level
Low Level
Disposable Insulin-delivery Device Market Forecast to 2033
In 2022, the global market size for Disposable Insulin-Delivery Devices reached a substantial US$ 14,585.6 million. As we progress through 2023, the market’s value is projected to climb even higher to approximately US$ 15,780.6 million. Over the upcoming decade, the sales of disposable insulin-delivery devices worldwide are expected to exhibit a steady growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of 7.6%. This journey is anticipated to culminate by the end of the forecast period, reaching an impressive overall market value of US$ 32,814 million. This growth can be attributed to the notable rise in diabetes-related healthcare expenditures within emerging economies, underscoring the significance of this market’s expansion.
According to the International Diabetes Federation (IDF), one-tenth of the total population affected by diabetes has Type 1, and 10% of these individuals do not currently use insulin delivery devices, implying that the Disposable Insulin-Delivery Device market has significant potential for growth during the forecast period.
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Pens are currently the most prevalent insulin delivery technology, accounting for more than 36% of the market when compared to syringes, pumps, and jet injectors. Pens’ design and ease of use have contributed to their widespread use. NovoPen is now the market leader, with a memory function as an extra bonus.
The principal end-user of Disposable Insulin-Delivery Devices is home care, which accounts for more than 45% of the market. The cost-effectiveness of home care over hospital treatment is a major contributor to this trend. Furthermore, the portability of these gadgets adds to their use for home care application. Future industry Insights did an in-depth analysis of the Disposable Insulin-Delivery Device industry, encompassing both micro and macro variables, in their latest market study titled ‘Disposable Insulin-Delivery Device Market.’
Key Takeaways from Disposable Insulin-Delivery Device Market
North America has a 33% market share. Rising diabetes rates, credible government programmes, and the emergence of many disposable insulin delivery device manufacturers could all contribute to this. Diabetes affects more than 37 million people in the United States, according to the CDC.
As a result of advances in healthcare infrastructure throughout Europe, Europe today controls 29% of the market. Diabetes was diagnosed in about 32 million persons in the EU in 2019.
Rising diabetes awareness is one of the key forces driving the Disposable Insulin-Delivery Device market in the Asia-Pacific region, and this trend is expected to continue.
Key Players:
Animas Corporation
F. Hoffmann-La Roche AG
Insulet Corporation
Medtronic Plc.
Valeritas, Inc.,
Tandem Diabetes Care, Inc.
Johnson & Johnson
Beta Bionics Inc.
Abbott Laboratories
Becton Dickinson & Co.
EyeSense GmbH
Competitive Landscape
In February 2022, Abbott announced a partnership with Fitterfly, Healthifyme, Zyla Health, 1MG, GOQii, PharmEasy, Sugar.fit, and BeatO as a step towards holistic diabetes control treatment. Abbott provides glucose monitoring solutions to over 8 million diabetes patients through collaborations, with 6.5 million having access to 1MG and PharmEasy.
Insulet Corp. announced in January 2022 that the new Omnipod 5 system had been approved by the US FDA, introducing it into the field of AID (automated insulin delivery).
In March 2022, Novo Nordisk announced the availability of two smart linked insulin pens called ‘NovoPen Echo Plus’ and ‘NovoPen 6’ for patients receiving Novo Nordisk insulin in the UK.
Sanofi and Roche will collaborate in November 2021 to increase the usage of disposable insulin pens. Local players are also being approached in order to expand market penetration.
“A large chunk of population is contracting diabetes, which asks for Disposable Insulin-Delivery Devices”, thereby accelerating the market for the same”, says an analyst from Future Market Insights.
What does the Report have at its discretion?
In its latest analysis, Future Market Insights provides an exclusive perspective and numerous real-time data on the Disposable Insulin-Delivery Device market, presenting historical demand assessments from 2016 to 2021 and predictions from 2022 to 2032.
The study is divided into three sections: product type (disposable insulin-delivery pumps, disposable insulin-delivery patches, disposable insulin-delivery pens, and disposable insulin-delivery syringes), illness indication (type I and type II diabetes), and distribution channel (hospital pharmacies, retail pharmacies, online sales, and diabetes clinics).
With an increase in the number of diabetic patients as a result of obesity, ageing, and sedentary lifestyles, the global Disposable Insulin-Delivery Device market is poised to make waves in the healthcare industry in the next years.
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In North America, the market is mature and dominated by established players such as Novo Nordisk and Eli Lilly. The increasing prevalence of diabetes, favorable reimbursement policies, and the availability of Advanced Insulin Delivery Technologies have been the key drivers of market growth in this region.
Key Segments Profiled in the Disposable Insulin-Delivery Device Market
Disposable Insulin-Delivery Device Market by Product Type:
Disposable Insulin-Delivery Pumps
Disposable Insulin-Delivery Patches
Disposable Insulin-Delivery Pens
Disposable Insulin-Delivery Syringes
Disposable Insulin-Delivery Device Market by Disease Indication:
Disposable Insulin-Delivery Devices for Type I Diabetes
Disposable Insulin-Delivery Devices for Type II Diabetes
Disposable Insulin-Delivery Device Market by Distribution Channel:
Disposable Insulin-Delivery Devices Sales via Hospital Pharmacies
Disposable Insulin-Delivery Devices Sales via Retail Pharmacies
Disposable Insulin-Delivery Devices Sales via Online Sales
Disposable Insulin-Delivery Devices Sales via Diabetes Clinics
Exploring the 4.4% CAGR Surge in Vertebroplasty and Kyphoplasty Devices Market by 2032
Over the forecasted period, the demand for Vertebroplasty and Kyphoplasty Devices is poised to exhibit a robust growth trajectory, with a projected CAGR of 4.4% by 2032.
Vertebroplasty and Kyphoplasty procedures represent minimally invasive, image-guided surgical interventions designed to address Vertebral Compression Fractures (VCF). These fractures are known to trigger back pain, hinder physical activity, induce feelings of depression, compromise independence, reduce lung capacity, and disrupt sleep patterns. The remedy involves the injection of bone cement into the affected vertebrae, providing essential support to the fractured bone. These fractures typically arise due to conditions such as osteoporosis, vascular malformations, or, albeit less frequently, as a result of cancer-related complications. Both Vertebroplasty and Kyphoplasty play a pivotal role in helping patients regain functional abilities and prevent further vertebral collapse. Kyphoplasty, in particular, stands as an advanced variation of Vertebroplasty, capable of stabilizing fractures, restoring vertebral heights, and reducing deformities.
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Vertebroplasty & Kyphoplasty Devices Market: Drivers & Restraints
Vertebroplasty & Kyphoplasty devices market is growing due to limitations in the traditional techniques for the treatment of vertebral compression fractures. Vertebroplasty & Kyphoplasty are advanced procedure which result in pain relief, stabilization of the fracture and avoid “Downward spiral” of untreated osteoporosis. Due to increase in ageing population, patients suffering from osteoporosis are also increasing.
Additional benefits of the surgery which are the key drivers for this market are:
Short surgical time. Patient gets discharged in less than one day.
General anaesthesia required. No bracing required.
Patients can quickly return to the normal activities of daily living.
Complications like bleeding, infection post-surgery and chances of occurrence of another fracture are few restraints for the Vertebroplasty & Kyphoplasty Devices Market.
Vertebroplasty & Kyphoplasty Devices Market: Overview
Vertebroplasty & Kyphoplasty devices market is growing due to increased incidence of Vertebral Compression Fractures (VCF) occurring due to increase in the ageing population. VCF is a major issue in the western countries driving the market growth. Overall Vertebroplasty & Kyphoplasty devices market will grow globally, however the growth rate in Asia Pacific region will be more as compared to European and North American market.
Vertebroplasty & Kyphoplasty Devices Market: Region-wise Outlook
Depending on geographic regions, global Vertebroplasty & Kyphoplasty market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the leading region in Vertebroplasty & Kyphoplasty Devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, high contribution of healthcare to economy, patient compliance are the reasons for the high demand in North America. Europe has the second largest Vertebroplasty & Kyphoplasty Devices market due to vast technological advancement in terms of healthcare sector. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe as there is ample market opportunity in countries like India and China.
Vertebroplasty & Kyphoplasty Devices Market: Key Players
Some of the key market players in global Vertebroplasty & Kyphoplasty Devices market are Depuy Synthes, Stryker Corporation, CareFusion Corporation, Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd., G-21 s.r.l., BMK Global Medical Company, Medtronic, Inc., Globus Medical, Inc. and SOMATEX to name a few.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
Eastern Europe (Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Based on surgery type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:
Vertebroplasty
Kyphoplasty
Based on product type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:
Vertebroplasty devices
Needle
Cement mixing and delivery devices
X- ray Device
Kyphoplasty Devices
Balloon
Needle
X- ray Device
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