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SPD Market Growth Continues

Disinfection ensures usage of pathogen free medical instruments such as endoscopes, surgical instruments and bedpans. Disinfection is a process of destroying pathogenic organisms and is achieved with the usage of various equipment and consumables such as disinfectants, detergents, washers and disinfectors.

“Disinfectors represent a class of equipment used for cleaning medical devices, ensuring hygiene of the instruments. The market witnessed a tremendous growth rate of 10.2% from 2014 to 2020 owing to increasing number of hospital-acquired infections (HAI),” according to Transparency Market Research (TMR). “HAI occur due to the usage of improperly cleaned medical instruments. In order to reduce such incidences, the demand for disinfectors is anticipated to grow during the forecast period.”

“Similarly, increasing number of surgeries in hospitals and clinics would also propel the growth of this market as for disinfecting medical devices (used in surgeries) and disinfectors are utilized,” the report states. “Likewise, increasing disposable income in developing countries will further augment the growth of the market as it would assist in increasing the affordability for availing medical services that require medical instruments and hence, disinfectors market would also grow. Moreover, increasing number of elder care institutions across the globe is likely to accentuate the growth of flusher disinfector and the overall disinfectors market.”

Considering the above mentioned factors, the market for disinfectors is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2014 to 2020 to reach an estimated value of $3.1 billion in 2020, according to the report.

TMR states that the market for disinfectors has been segmented on the basis of product type such as washer disinfectors, flusher disinfectors and endoscope reprocessors. The market for endoscope reprocessors and washer disinfectors accounts for the largest share throughout the forecast period. The growth of these segments is expected to be impressive owing to increasing usage of endoscopes and medical instruments due to rising incidences of various diseases such as cancer, cardiovascular diseases and others.

The market has also been segmented based on the usage of disinfectors in different health care facilities such as hospitals and clinics, pharmaceuticals and life-sciences companies and elder care institutes. The market for hospitals and clinics segment is expected to foresee highest growth rate during the forecast period, TMR states. Increasing number of hospitals coupled with rising number of surgeries performed are the prime factors augmenting the growth of this segment.

Geographically, North American and European markets accounted for the largest share by revenue of the global disinfectors market, capturing more than 70% of the total market in 2013 and expected to grow at a significant CAGR during the forecast period. This huge market share of these two regions is justified by the presence of large number of disinfector manufacturers in these regions.

A report from MarketsandMarkets states that the sterilization services market will be worth $3.31 billion by 2022.

The report states that factors driving market growth include the increasing incidence of HAIs, rising number of surgical procedures owing to the rapidly growing geriatric population and increasing incidence of chronic disorders across the globe. In addition, the increasing outsourcing of sterilization processes by medical device manufacturers and outsourcing of hospital sterile departments to reduce health care costs are further increasing the demand for sterilized services. Moreover, factors such as the carcinogenic nature of ethylene oxide and difficulty in the sterilization of advanced medical instruments are limiting the growth of this market to a certain extent.

Market Study Report recently introduced the “2018-2023 Global Endoscope Washer-Disinfectors Market Report.” It provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2023.

“Washer-disinfectors are defined by the Food and Drug Administration (FDA) as Class II medical devices intended for general medical purposes to clean, decontaminate, disinfect and dry surgical instruments, anesthesia equipment, hollowware and other medical devices,” according to Market Study Report.

Over the next five years, the report projects that the endoscope washer-disinfectors market will register a 7.4% CAGR in terms of revenue, reach $430 million by 2023, from $280 million in 2017.

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