Bowie-Dick Test Kit Market Analysis by Single-use and Reusbale Product Types for 2024 to 2034
Bowie-Dick Test Kit Market Outlook from 2024 to 2034
The current valuation of the Bowie-Dick test kit market is USD 203.0 million. It is measured in 2023. The said market will reach USD 218.2 million and USD 410.0 million in 2024 and 2034, respectively. The market advancement is subjected to a moderate CAGR of 6.5% during the forecast period.
Attributes
Key Insights
Estimated Market Size in 2024
USD 218.2 million
Projected Market Value in 2034
USD 410.0 million
Value-based CAGR from 2024 to 2034
6.5%
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Key Market Trends and Highlights
Increased accident cases, rising chronic diseases, etc., have surged the demand for surgeries and medical operations. Consequently, sterilization instruments are required. This is the foremost trend in the market.
Technological advancements made by key players are increasing the accuracy of devices. This boosts the market demand, which is in trend.
Electronic Bowie-Dick test kits have been in trend, simplifying tasks for surgeons and medical professionals.
Governments and key market players have invested more in the R&D department. This innovation in the test kits has created a niche in the market.
Demand Analysis of Bowie-Dick Test Kit Market from 2019 to 2023 vs. Outlook from 2024 to 2034
The global Bowie-Dick test kit market was valued at USD 203.0 million in 2023, and this market advancement was paced at a promising CAGR of 8.2%. The main reason for the promising market growth was the rising COVID-19 cases. Due to the rapidly increasing number of patients, the requirement for test kits surged, which drove the market significantly.
During the forecasted period, this market advancement is likely to decline. This is due to the diminished impact of the surging factor, the COVID-19 pandemic. As the COVID-19 cases drop, the urgency for the test kits would decrease, which declines the CAGR.
However, the subject market will be driven by increasing surgeries due to many factors, such as growing accidental cases and the rising number of chronic diseases. This surges the demand for sterilization equipment, which is why the market maintains its growth at a moderate pace.
Unlike in the historical period, the government's initiative to develop medical infrastructure led to market advancement. Also, stringent rules and regulations regarding contamination prevention will increase demand in the forecasted period. Awareness of this creates demand compared to the historical period.
Historical CAGR from 2019 to 2023
8.2%
Forecast CAGR from 2024 to 2034
6.5%
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Bowie-Dick Test Kit Market Drivers
Due to advancements in medical science, the medical industry is forecasted to advance drastically in the forecasted period. This creates a significant driving force for the Bowie-Dick test kit market. Sterilization techniques are forecasted to advance, increasing the demand for test kits.
Standardizing surgical procedures to avoid the risk of hospital-acquired and surgical-site infections (SSIs) is essential. This surges the demand for decontamination devices, such as sterilization devices, another driver for the subject market.
Numerous chronic diseases, including cardiac diseases, severe pulmonary diseases, and other critical surgical operations, require sterilization of all medical instruments. The prevalence of these diseases is forecasted to increase, which surges the market's demand.
All medical device manufacturers, along with the pharmaceutical and other biotechnology businesses, are forced to meet guidelines regarding the standardization of sterilization test kits. Air removal tests for pre-vacuum autoclave sterilizers are mandatory, increasing the demand for test kits.
Bowie-Dick Test Kit Market Challenges
The lack of awareness of the medical standards and government norms might hinder the market's growth. This might make players incompetent regarding the government’s standards of meeting strict guidelines. Thus, this is the foremost restraining factor for the Bowie-Dick test kit market.
One reason hospitals or clinics avoid the appropriate purchase and use of test kits is cost-cutting. This might hinder the demand for the products, hampering market growth.
Excessive competition in the market might clutter the market. This might reduce the scope of individual player’s growth in the market. Hence, the market progress might be affected.
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Country-wise Analysis
The United States of America will be the largest market shareholder by the end of 2034. It will secure about USD 72.9 million, showing a growth of 6.8%.
Such a market advancement can be attributed to various factors, like the development of the medical infrastructure, technology-embedded medical instruments, the rising prevalence of critical surgeries, and many more.
In addition, the government has initiated various regulatory policies to emphasize sterilization and decontamination of surgical instruments, which drives the Bowie-Dick test kit market.
Countries
Forecast CAGRs from 2024 to 2034
The United States
6.8%
The United Kingdom
7.7%
China
7.2%
Japan
8.1%
South Korea
9%
Rising HAI Cases Drive the Bowie-Dick Test Kit Market in the United States
The predicted CAGR for the market in the United States of America is 6.8%, taking it to USD 72.9 million by 2034.
Healthcare-acquired infections or hospital-acquired infections are rising in the United States.
This surges the demand for sterilization instruments that decontaminate the infection-causing medical instruments. This surges the demand for the subject market.
HAIs infect about 1.7 million patients, which forced the government to incorporate stringent policies regarding sterilization of instruments.
These monitoring guidelines drive the Bowie-Dick test kit market.
The United Kingdom Mandates Sterilization Tests Boosting The Bowie-Dick Test Kit Market
The United Kingdom’s market forecasts moderate market advancement at a CAGR of 7.7%, which will help the market reach a valuation of USD 16.6 million.
The United Kingdom’s government mandates sterilization tests for the standardization of test kits.
The air removal test is made compulsory to ensure the optimum quality and safety of test kits used for sterilization.
The British Standards Institution (BSI) has regulated tests to enhance the quality of medical procedures, which drives the subject market.
Bowie-Dick test kits are more accurate when standardized, which acts as a market driver for the subject market.
Affordability Boosts Bowie-Dick Test Kit Market in China
The forecasted Chinese market valuation by the end of 2034 is USD 64.5 million.
The subject market advancement is at a moderately paced CAGR of 7.2%.
The technological advancements in China fuel the mass manufacturing of medical test kit equipment.
Due to this production, medical kits are available in the market, reducing the price of individual equipment.
The increased affordability of Bowie-Dick test kits increases the reach of products to multiple market segments.
Consequently, affordability results in the market advancement at a CAGR of 7.2%.
A High Number of Market Players Fuel the Bowie-Dick Test Kit Market in Japan
The Japanese market forecasts a promising advancement at a CAGR of 8.1%.
This market growth will ensure the market's valuation to be USD 45.1 million by the end of the forecast period.
Multiple players in the subject market produce test kits for the cause.
Due to the availability of multiple products, the reach of the market is higher, propelling the market growth.
Also, this reduces the pricing of individual kits, benefiting the buyer.
Growing Sterilization Kits Market Help the Bowie-Dick Test Kit Market Grow in South Korea
The South Korean market will reach USD 26.8 million by 2034.
This market advancement is at the highest CAGR of 9.0%.
The sterilization kits market has been growing in the country, enhancing the scope of the test kits.
The scope for innovation and commercialization of new products and test kits increases, propelling the subject market.
Rising demand for sterilizing instruments in various sectors drives the said market.
Category-wise Insights
Category
Single-Use Product
CAGR from 2024 to 2034
6.3%
Driver
Single-use products can be used and disposed of easily. This surges the demand for these products.
The chances of contamination of medical and surgical instruments are reduced drastically.
Category
Pharmaceutical & Medical Device Company
CAGR from 2024 to 2034
6.1%
Driver
Medical device organizations also require Bowie-Dick test kits to sterilize their daily-use medical instruments.
As the number of surgeries has increased worldwide, the requirement for the sterilization of surgical instruments is rising, which fuels the contribution of the market segment.
A Surge for Single-Use Products is the Multi-Utility for the Segment
The market segment is forecasted to advance at a CAGR of 6.3%, helping the subject market grow. It holds about 62% of the market space.
Pharmaceutical and Medical Device Companies to be Primary End Users of Bowie-Dick Test Kits
Pharmaceutical industries form a large market segment demanding test kits. It has been estimated that the subject market segment will advance at a CAGR of 6.1%. Currently, it holds about 75.4% of the market.
Competitive Landscape
As mentioned below, various key competitors have been participating in the Bowie-Dick test kit market competition. These competitors have opted for different market expansion strategies that fuel their growth within the market. These organizations ' key market expansion strategies are product launches, partnerships, diversification, mergers, and acquisitions.
Medline Industries Inc.
4Crosstex Air View
Steris
EDM3 Health Link
Getinge AB
Key Market Developments
In April 2019, Fortive Corporation acquired the Advanced Sterilization Products (ASP). It is a business established by a subsidiary of Johnson & Johnson called Ethicon. This strategic move fuels the organization's market penetration.
In December 2020, STERIS introduced Spordex. This helped the business analyze liquid sterilization, which is present in steam autoclave cycles.
In November 2021, Getinge acquired Verrix LLC. This strategic move has diversified the market by integrating technology into medical devices
Key Coverage of the Bowie-Dick Test Kit Market Report
Current market scenario for Bowie-Dick test kit market.
Market dynamics and factors governing the functioning of the market.
Key players revolutionizing the industry through product innovation.
Report Scope
Attributes
Details
Estimated Market Size in 2024
USD 218.2 million
Projected Market Valuation in 2034
USD 410.0 million
Value-based CAGR 2024 to 2034
6.5%
Forecast Period
2024 to 2034
Historical Data Available for
2019 to 2023
Market Analysis
Value in USD million
Key Regions Covered
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Key Market Segments Covered
Product Type, End User, Region
Key Countries Profiled
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, India, Bangladesh, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled
Medline Industries Inc.; 4Crosstex Air View; Steris; EDM3 Health Link; Getinge AB; PMS Medical; Propper Manufacturing Co. Inc.; Clinic hem; Crosstie International Inc.; EFELAB SRL
Table of Content
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Single-Use
5.2. Reusable
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
6.1. Pharmaceutical & Medical Device Company
6.2. Laboratories
6.3. Hospitals
6.4. Clinics
6.5. Others
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. North America
7.2. Latin America
7.3. Western Europe
7.4. Eastern Europe
7.5. South Asia and Pacific
7.6. East Asia
7.7. Middle East and Africa
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14. Key Countries Market Analysis
15. Market Structure Analysis
16. Competition Analysis
16.1. Medline Industries, Inc.
16.2. 4Crosstex Air View
16.3. Steris
16.4. EDM3 Health Link
16.5. Getinge AB
16.6. PMS Medical
16.7. Propper Manufacturing Co., Inc
16.8. Clinic hem
16.9. Crosstie International, Inc
16.10. EFELAB SRL
17. Assumptions & Acronyms Used
18. Research Methodology
Bowie-Dick Test Kit Market - Key Segments
By Product Type:
Single-Use
Reusable
By End User:
Pharmaceutical & Medical Device Company
Laboratories
Clinics
Hospitals
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa
Frequently Asked Questions
What is the forecasted valuation for the Bowie-Dick test kit market by 2034?
The Bowie-Dick test kit market is poised to reach US$ 410.0 million by 2034.
What is the estimated CAGR for the Bowie-Dick test kit market from 2024 to 2034?
The Bowie-Dick test kit market will advance at a CAGR of 6.5% until 2034.
Based on end-user, which Bowie-Dick Test Kit category generate high revenue?
Based on end-use industry, the pharmaceutical & medical device companies yield a market share of 75.4%.
What will be the predicted market valuation for the Bowie-Dick test kit market by 2024?
The Bowie-Dick test kit market will reach US$ 218.2 million by 2024.
By 2034, which country is likely to be the kingpin in the Bowie-Dick Test Kit market?
The United States is estimated to reach US$ 72.9 million by 2034, leading the Bowie-Dick test kit market.