Sterilization Equipment Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
Global Sterilization Equipment Market is estimated to value over USD 12.2 billion by 2026 end and register a CAGR of over 6.1% during the forecast period 2019 to 2026.
Due
to the increasing population of the world, there are rampant diseases which
require medical attention. As a result, devices and instruments used in medical
procedures require extensive sterilization. If there is insufficient precaution
during the sterilization process, it could lead to cross-contamination and
cause deadly diseases. The serious issues overutilization of unsterilized
equipment can lead to illnesses such as lethal hepatitis and HIV which threaten
public health and this is why there is a stress on effective infection control.
As a result, sterilization equipment has formed an important part of the
healthcare system due to the intensive utilization of aiding and disinfecting
in the reprocessing of devices and tools. Seeing how the government sector has
taken initiatives to improve the public health system has, in turn, contributed
significantly to the scope in the application of medical tools, devices and
medical services.
These
global sterilization equipment market trends have meant there is much growth
for pharmaceutical companies. However, strict regulations for sanctioning of
these devices and the negative impact of chemical agents used in certain kinds
of equipment may lead to skin and eye damage have been restricting the progress
and growth of the market.
High-Temperature
equipment is the most commonly used sterilization equipment. In fact, high
temperature sterilization is typically non-toxic, easy to handle and less
costly as compared to other medical devices. These are factors are which are
driving the growth of this segment in the market. Asia-Pacific region has seen
much utilization of the sterilization equipment market due to the increasing
disposable income of the people who belong to this region
Some
of the major players in the global sterilization equipment market include
Steris Corporation, Matachana Group, Belimed Ag, Anderson Products, Nanosonics
Ltd, Tuttnauer, Cantel Medical Corporation, Celitron Medical Technologies Kft,
Getinge Group, which is a part of A Metall Zug Group, MME group Inc., MMM Group
and among other key participants in the global Sterilization Equipment Market.
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Global Sterilization Equipment Market Segmentation:
By Product & Service:
Sterilization
Instruments
- Heat/High-Temperature
Sterilization
- Moist Heat/Steam Sterilization
- Dry Heat Sterilization
- Low-Temperature Sterilization
- Ethylene Oxide Sterilization
- Vaporized Hydrogen Peroxide
Sterilization
- Hydrogen Peroxide Gas Plasma
Sterilization
- Ozone-Based Medical Sterilization
- Formaldehyde Sterilization
- Other Low-Temperature
Sterilization Technologies
- Filtration Sterilization
- Ionizing Radiation Sterilization
- Gamma Sterilization
- E-Beam Radiation Sterilization
- Sterilization Consumables and
Accessories Detergents
- Sterilization Indicators
- Pouches
- Lubricants
- Sterilization Accessories
- Sterilization Services
- Ethylene Oxide Sterilization
Services
- Gamma Sterilization Services
- E-Beam Sterilization Services
- Steam Sterilization Services
- Other Sterilization Services
By End User
- Hospitals & Clinics
- Medical Device Companies
- Food & Beverage
Industry
- Pharmaceutical Companies
- Other End Users
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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FutureWise Key Takeaways:
- Growth prospects
- SWOT analysis
- Key trends
- Key data-points affecting market growth
Objectives of the Study:
- To provide with an exhaustive analysis on the global sterilization
equipment market by product & service, by end user and by region
- To cater comprehensive information on factors impacting market
growth (drivers, restraints, opportunities, and industry-specific
restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)—
North America, Europe, Asia Pacific, Latin America and Middle East &
Africa
- To record evaluate and competitive landscape mapping- product
launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies,
financials and core competencies
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