Global Ultrasound Probe Disinfection Market is expected to grow at a CAGR of 14.59% during the forecast period from 2018-2025
A new research report published by Fior Markets with the title Global Ultrasound Probe Disinfection Market by Product (Instruments, Consumables, Services), Process, Probe Type, End User (Hospitals & Diagnostic Imaging Centers, Maternity Centers, Ambulatory Care Centers, Research & Academic Institutes, Other), Region and Global Forecast 2018-2025.
As per the report, the global ultrasound probe disinfection market is expected to grow from USD 276.11 million in 2017 to USD 852.21 million by 2025 at a CAGR of 14.59% during the forecast period from 2018-2025. Increase in the prevalence of bacterial infection caused due to using infected or contaminated devices, high government regulation, rising adoption of high-level disinfectants, and availability of advanced disinfection probe are some of the factors that led to the growth of ultrasound probe disinfection market in North America region.
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Prominent companies in the industry include Hitachi, GERMITEC, Parker Laboratories Inc., Schülke & Mayr GmbH, CS Medical LLC, Nanosonics, CIVCO Medical Solutions, Tristel, Ecolab, Virox Technologies Inc, STERIS plc, Advanced Sterilization Products Division Ethicon US LLC., Metrex Research LLC., GENERAL ELECTRIC, Siemens AG, Philips, and Canon Medical Systems Corporation are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share. For instance, in 2018, Philips signed agreement for the acquisition of EPD Solutions. With this acquisition Philips has planned to expand its imaging products and solutions portfolio.
Product segment is categorized into instruments, consumables, and services. The instruments segment further includes automated probe reprocessors, UV-C disinfectors, manual reprocessors/soaking stations, and ultrasound transducer storage cabinets. The consumables further covers disinfectants, by formulation; disinfectants, by type; and detergents. The disinfectants, by formulation segment further incudes disinfectant wipes, disinfectant liquids, and disinfectant sprays. The disinfectants, by type segment further incudes high-level disinfectants and intermediate/low-level disinfectants. The detergents segment is divided into enzymatic detergents and non-enzymatic detergents. The consumables segment valued around USD 119.14 million in 2017. Consumables provides high level disinfection of ultrasound probe including the shaft and handle as well as enables to have automated data tracking. Process segment covers high-level disinfection and intermediate/low-level disinfection. High-level disinfection segment held highest market share of 52.01% in 2017 due to increasing number of ultrasound imaging procedures and growing demand for automated disinfection systems of TEE and endocavitary transducers. Probe type segment is divided into linear transducers, convex transducers, phased array transducers, endocavitary transducers, transesophageal echocardiography transducers, and other. Linear transducers are used to measure movement in a straight line. It convert displacement into an electrical signal that is proportional to the amount of displacement. End user segment includes hospitals & diagnostic imaging centers, maternity centers, ambulatory care centers, research & academic institutes, and other. Hospitals & diagnostic imaging centers segment is anticipated to grow with highest CAGR 16.34% during the forecast period owing to use of automated and standard probe disinfection
Growing use of ultrasound imaging procedures, increasing occurrence of hospital-acquired infections, and rise in implementation of automated high-level disinfection systems are the key driving factors for the ultrasound probe disinfection market. In addition, government regulations and guidelines in developed markets and technological advancements in ultrasound probes will lead the growth of ultrasound probe disinfection market in couple of years. The high cost of automated probe reprocessors and reluctance to shift from manual disinfection methods to automated probe reprocessors may limit the growth of market. However, increasing birth rates/number of pregnancies is expected to boost the ultrasound probe disinfection market over the forecast period.
About the report:
The global Ultrasound Probe Disinfection market is analysed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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