Ultrasound Probe Disinfection Market Growth Analysis Till 2033 By The Business Research Company
The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.
Current Market Trends
- Market Expansion: The ultrasound probe disinfection market has witnessed significant growth, increasing from $0.45 billion in 2023 to an anticipated $0.51 billion in 2024. This represents a compound annual growth rate (CAGR) of 12.7%.
- Historic Drivers: The market’s historical growth has been driven by heightened infection control awareness, regulatory mandates, increased ultrasound procedures, and outbreaks of infectious diseases.
Future Projections
- Forecast Growth: The market is projected to reach $0.83 billion by 2028, with a CAGR of 12.8%. Key factors contributing to this growth include rising healthcare expenditures, expanded healthcare infrastructure, an aging population, and a stronger focus on patient safety.
- Emerging Trends: Innovations in the industry are focusing on automation, UV-C disinfection, single-use probe covers, chemical-free disinfection, and integration with ultrasound machines.
Read More On The Ultrasound Probe Disinfection Market Report 2024 – https://www.thebusinessresearchcompany.com/report/ultrasound-probe-disinfection-global-market-report
Impact of Rising Birth Rates
- Population Growth: Increasing birth rates and the number of pregnancies are expected to drive market growth. Improved healthcare, cultural norms, and access to family planning are influencing these rising numbers.
- Regulatory Requirements: Ensuring proper disinfection during prenatal ultrasound exams is critical for preventing infections. For example, a January 2023 report from the CDC noted a 1% increase in U.S. births, highlighting the growing demand for effective disinfection solutions.
Innovations in Disinfection
- New Technologies: Companies are focusing on developing advanced disinfection products, such as disinfecting foams. These innovations are designed to streamline the disinfection process and reduce cross-contamination.
- Case Study: Parker Laboratories Inc. introduced Tristel ULT, an FDA-cleared disinfecting foam, in June 2023. This product uses a chlorine dioxide formulation and is effective against pathogens like SARS-CoV-2 and Mycobacterium tuberculosis, setting a new standard for ultrasound probe disinfection.
Strategic Acquisitions and Market Players
- STERIS plc’s Expansion: In January 2021, STERIS plc acquired Cantel Medical Corp., enhancing its infection prevention portfolio and extending its reach into the dental market. Cantel Medical, known for its ultrasound probe disinfection products, bolsters STERIS’s position in the healthcare sector.
- Key Companies: Major players in the market include Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., and many others, each contributing to the advancement of disinfection technologies.
Market Segmentation
- By Product: Instruments, Consumables, Services
- By Probe Type: Linear Transducers, Phased Array Transducers, Convex Transducers, Endocavitary Transducers, Transesophageal Echocardiography Transducers, Other Probe Types
- By Disinfection Process: High-Level Disinfection, Intermediate Or Low-Level Disinfection
- By End User: Hospitals, Diagnostic Centers, Maternity Centers, Ambulatory Care Centers, Educational and Research Institutes, Other End Users
Regional Insights
- Current Leader: North America was the largest region in 2023.
- Future Outlook: The Asia-Pacific region is expected to be the fastest-growing market segment in the coming years.
As the ultrasound probe disinfection market continues to evolve, innovations in technology and rising healthcare demands will play pivotal roles in shaping its future.
Request for A Sample Of The Global Ultrasound Probe Disinfection Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=15948&type=smp