Disinfectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Albany, New York (PRWEB) February 04, 2015
According to a new market report published by Transparency Market Research “Disinfectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,”the global disinfectors market was valued at USD 1.64 billion in the 2013 and is expected to grow at a CAGR of 10.2% during the forecast period 2014 to 2020 to reach a market value of USD 3.12 billion by 2020.
Disinfectors are used to disinfect various medical instruments such as surgical instruments, bedpans, urine bottles, and endoscopes. Disinfection is the process of rendering pathogenic organisms inert or destroying them. Hence, the process ensures hygiene condition of medical instruments that are used while providing medical services to people by healthcare providers. The global market for disinfectors has been estimated to grow at the rate of 10.2% during the forecast period from 2014 to 2020. The market is anticipated to increase owing to rising number of surgeries performed across the globe. Surgeries require extensive usage of various medical instruments such as scissors, forceps and complex surgical instruments that are in constant contact with the patient’s body. If these instruments are not disinfected properly, the patient is subjected to surgical site infections (SSI). Thus, to reduce such incidences, medical instruments are disinfected regularly and thus increasing demand for disinfectors. Increasing geriatric population is also expected to augment the growth of the market as this class of population is highly susceptible to acquire various diseases such as viral infections that would increase their number of hospital visits. This in turn would increase the usage of medical instruments (as these are used for providing medical services to elderly people), propelling the growth of this market.
The detailed TOC of the report can be browsed at: http://www.transparencymarketresearch.com/disinfectors-market.html
The report on disinfectors market describes several types of disinfectors such as washer, flusher and endoscope reprocessors that are used to disinfect different medical products. Amongst all, endoscope reprocessor’s segment market accounted for the largest share (over 50%) by revenue of the total market in 2013. This segment is also anticipated to exhibit remarkable growth rate of more than 10% during the forecast period. The growth of this segment is driven by extensive usage of endoscopes for medical procedures that requires endoscope reprocessors for disinfection. Washers and flushers are accounted for the second and third largest share by revenue respectively in 2013 of the total disinfectors market.
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Based on applications of disinfectors, the report also provides various application segments that include hospitals and clinics, pharmaceuticals and life-sciences companies, and elder care institutes. Hospitals and clinics segment of the market has been projected to grow at the highest CAGR of over 10% during the forecast period 2014 to 2020. The growth of this market is driven by increasing number of surgeries (bronchoscopy surgeries, minimally invasive surgeries and cardiac surgeries) performed in the hospitals and clinics, coupled with rising incidences of hospital-acquired infections across the globe.
Geographically, North America accounted for the largest share by revenue of the total market for disinfectors in 2013. This dominance is mainly witnessed owing to the presence of large number of elderly people in the region. In addition, large number of key players domiciled in this region also supports the growth of disinfectors in North American market. During the forecast period 2014 to 2020, Asia-Pacific is expected to grow at the highest CAGR owing to rising disposable income coupled with increasing healthcare expenditure that would increase population affordability for availing various medical services (surgeries and diagnostics). This in turn would augment the demand for disinfectors for disinfecting medical devices used while providing medical services. For instance, it is expected that China would increase its healthcare expenditure to USD 1,000 billion by 2020, which amounted to only USD 357 billion in 2011. This will surely increase the affordability of hospitals for availing disinfectors in the hospitals and clinics. The major players operating in the disinfectors market include Getinge Group, STERIS Corporation, Advanced Sterilization Products Services, Inc., OLYMPUS CORPORATION and Belimed Group among others.
Browse the full Press Release and Segmentation, here: http://www.transparencymarketresearch.com/pressrelease/disinfectors-market.htm
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