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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Medical Device Cleaning Market Is Projected To Reach 1.71 Billion USD by 2022

The global medical device cleaning market size is expected to reach USD 1.71 Billion by 2022 from an estimated 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.

Browse 158 market data tables and 34 figures spread through 195 pages and in-depth TOC on "Medical Device Cleaning Market - Global Forecast to 2022"

In this report, the market is segmented on the basis of process, application, and region. On the basis of process, the global medical device cleaning market is segmented into presoak/pre-cleaning, manual cleaning, automatic cleaning, and disinfection. The automatic cleaning segment is expected to register the highest CAGR during the forecast period. The benefits of automatic washers such as maximized productivity with the minimum usage of detergents and disinfectants, effective cleaning of organic contaminants from surgical instruments, and the minimum time required for cleaning are expected to drive the growth of this segment.


Based on application, the market is segmented into surgical instruments, endoscopes, ultrasound probes, and other instruments (including stethoscopes, clinical thermometers, ultrasound probes, oximeter sensors, cuffs, dialysis sets, electrodes, cables, columns, curves, electrodes, and hemodialysis blood circuits). The endoscope segment is expected to register the highest CAGR during the forecast period. The increase in the chronic diseases and growing HAI incidences are expected to drive segment growth.

Geographically, the medical device cleaning market in the Asia-Pacific (APAC) region is expected to register the highest CAGR during the forecast period. Growth in this regional segment is largely driven by increasing healthcare spending, healthcare reforms for infrastructural development, growing healthcare awareness, increasing number of hospitals, low labor costs, and a favorable regulatory environment in Asia-Pacific countries.

Emerging countries such as India, China, Japan, and Brazil provide a wide range of growth opportunities for players in the medical device cleaning market during the forecast period. These countries are among the fastest-growing economies in the world. Growth in the number of surgical procedures that require infection control measures such as instrument disinfection, sterilization, and cleaning environmental surfaces and the increased healthcare expenditure offer opportunities for market growth in the region.

North America accounted for the largest share of the medical device cleaning market in 2016, followed by Europe and Asia-Pacific. Factors such as its well-established healthcare industry, rising prevalence of non-communicable diseases, and increasing volume of surgical procedures are contributing to the large share of North America. The rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, increasing number of surgical procedures, and growing burden of HAIs are majorly contributing to the growth of the European medical device cleaning market, which holds the second-largest market share.

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.

Target Audience:
  • Hospitals and clinics
  • Manufacturers of sterilization and disinfection equipment and consumables
  • Sterilization and disinfection service providers
  • Medical devices companies
  • Healthcare institutions (hospitals, medical schools, and diagnostic centers)
  • Venture capitalists
  • Government bodies
  • Research and consulting firms
  • Life science companies
  • Research & development companies
Request For Customization Of Report (As per business precise requirements): https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=39633818

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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