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Global Medical Device Cleaning market is estimated to witness a significant growth during the next few years as a result of rising public spending in the healthcare industry. The higher healthcare expenditure incurred by people residing in various regions is anticipated to significantly raise the demand for advancements in the industry, thereby leading to the growth of Medical Device Cleaning market. According to a report by WHO, the total health spending is growing at a faster rate in low and middle income countries with an annual average rate of 6% than in high income countries with a rate of around 4%. Globally, the healthcare expenditure was estimated to be USD 7.5 trillion in 2016, which made up around 10% of the world’s GDP. The health spending in high income countries comprised of 8.2% of the GDP while it was approximately 6.3% of the GDP in low and middle income countries in 2016. The global healthcare expenditure increased with an annual growth rate of 4% between the years 2000 and 2016. This rate was higher than that of the global economy, which grew at an average rate of 2.8% during the same period annually. The median health expenditure per capita was recorded to be over USD 2,000 in high income countries in 2016, while it was around USD 400 in upper-middle income countries and USD 100 in low and lower-middle income countries. Another factor to be considered is the population difference in these regions with only 20% of the total population living in high income regions while 80% living in other lower and middle income regions. The study on global Medical Device Cleaning market consists of a descriptive evaluation of the trends and developments in the market including the overall market scope and annual growth rate in terms of various parameters such as revenue, market segmentation, growth indicators and opportunities along with challenges affecting the market growth. The global Medical Device Cleaning market is likely to attain notable absolute $ opportunity value in 2026 as compared to the value achieved in 2019.
The extensive analysis in our study determines relationship between independent and dependent variables through correlation and regression along with supply and demand risks associated with the market growth. Moreover, the report on global Medical Device Cleaning market consists of a separate section on macro-economic indicators that are affecting the growth of the market.
The healthcare sector has witnessed modest growth in the past few years and is projected to grow further with the significant rise in employment in the industry. The Bureau of Labor Statistics reported that between 2014 and 2024, the number of jobs in home healthcare sector are anticipated to grow by 60% in the United States. On the other hand, the jobs in offices of healthcare practitioners are estimated to increase by 25% during the same period. Moreover, hospitals are estimated to observe a growth of 6% in the number of jobs. The fastest growing healthcare occupations between 2014 and 2024 include home health aides (38%), occupational therapy assistants (43%), physical therapy assistants (41%), physical therapy aides (39%) and nurse practitioners (35%). During this period, more than 400,000 physicians, physician assistants, nurse practitioners and midwives are anticipated to be added in the industry, further supplementing the growth of healthcare sector.
The Centers for Disease Control and Prevention’s 6|18 initiative aims to raise awareness among people about various health conditions and presents evidence-based interventions for prevention and control of the disorders. The initiative mainly includes 6 common health conditions and provides information to the healthcare purchasers, providers and payers regarding the achievement of greater effect on population health outcomes and costs in terms of access, utilization and quality. The six common health conditions covered by 6|18 initiative include high blood pressure, tobacco use, asthma, type 2 diabetes and unintended pregnancies.
A separate section in the report highlights regional scenario in market which includes North America (further segregated into U.S. and Canada).
The report further includes a section on European region which is further segmented on a country/regional level including Germany, U.K., France, Italy, Spain, BENELUX, Netherlands, NORDIC, Poland, Hungary, Russia, Turkey, and Rest of Europe.
In the Asia Pacific Medical Device Cleaning market, the report studies China, India, South Korea, Indonesia, Malaysia, Japan, Australia, New Zealand and Rest of Asia Pacific. In the Latin America section, an in-depth analysis on Mexico, Brazil, Argentina and Rest of Latin America is covered. Middle East and Africa region have been further identified for the Medical Device Cleaning market demand and segregated into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.
A complete section on competitive landscape provides an understanding of the companies in current strategic report based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market, as well as the competitive positioning of the players.
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