The Global Medical Drying Cabinets Market Growth Accelerated by Increased Reliance on Medical Drying Cabinets
Medical drying cabinets are utilized primarily in
laboratories and healthcare facilities for safely storing equipment and
specimens requiring low temperature drying conditions. They provide efficient
drying and sterilization of medical equipment like gowns, gloves, drapes, and
instruments while preventing corrosion and specimen degradation. With rising
healthcare standards worldwide and growing caseloads in healthcare systems,
there is increasing demand for reliable and high-capacity drying solutions from
hospitals and clinics.
The global Medical Drying Cabinets Market is estimated to be
valued at US$ 373.83 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the primary trends driving the medical
drying cabinets market growth is increased reliance on advanced
sterilization technologies by healthcare facilities. With growing incidences of
hospital-acquired or nosocomial infections globally, there is more focus on
improved sanitization practices. Medical drying cabinets offer automated and
controlled drying methods compared to conventional sun drying techniques. This
ensures complete sterilization of medical equipment and instruments to curb
transmission of infections in hospitals. Their advanced design with adjustable
operating parameters also helps standardize the sterilization process.
Increased awareness about such benefits of medical drying cabinets among
healthcare providers is boosting their widespread adoption.
Segment Analysis
The global medical drying cabinets market is segmented by technology into
heated, unheated, and hybrid. Among these, the heated segment dominates the
market and accounts for over 60% market share. Heated cabinets allow for faster
drying times and better disinfection of medical equipment as compared to
unheated and hybrid cabinets. The high demand for shorter drying times from
healthcare facilities further drives the heated segment's dominance.
Key Takeaways
The global medical drying cabinets market is expected to witness high growth
over the forecast period of 2024 to 2031. The global Medical Drying Cabinets
Market is estimated to be valued at US$ 373.83 Mn in 2024 and is expected to
exhibit a CAGR of 6.6% over the
forecast period 2024 to 2031.
Regional analysis shows that North America currently
dominates the market due to the high healthcare infrastructure and expenditure
in countries like the United States. Asia Pacific is expected to be the fastest
growing regional market owing to rising medical tourism and improving
healthcare facilities in emerging economies of the region.
Key players operating in the Medical Drying Cabinets market are Ritchie
Navigation, Weems & Plath, Furuno, Simrad Yachting, KVH Industries, Garmin,
Raymarine, Japan Radio Company, SI-TEX Marine Electronics. The market is highly
competitive with players focusing on new product launches and expansion in
emerging markets to gain market share.
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