With CAGR 7.0% The Sterilization Equipment Market Reach $10.51 billion by 2023.
“Meticulous Research” in
its latest publication states that, “the Global Sterilization
Equipment Market is projected to
reach USD 10.51 billion by 2023 growing at a CAGR of 7.0% during the forecast
period of 2018 to 2023.”
Sterilization Equipment Market By
Product And Service [Equipment (Moist Heat, Dry Heat, Hydrogen Peroxide,
Ethylene Oxide), Consumables (Sterilization Indicators, Sterilant Cassettes),
Services (E-Beam, EtO, Gamma)]– Global Forecast To 2023.
Sterilization is
one of the key processes in many of the industries, specifically in healthcare
services. It is widely used in hospitals to prevent hospital acquired
infections, and in pharmaceutical and biotechnology, medical device
manufacturing, and food and beverages processing industry to maintain sterile
processing environment within the facility, as per need. In industrial
applications, sterilization hold importance as it helps manufacturers in
ensuring GMP compliance.
This growth is primarily driven by the growing
need to curb the incidence of HAIs (Hospital Acquired Infections) among
healthcare facilities across the globe and thereby curtail the added burden of
hospital readmissions. At the same time, increasing number of surgical
procedures being performed across the globe, growing medical device and pharma
manufacturing, and increasing use of sterilization technologies in the food and
beverages industry is also expected to contribute to the growth of the
sterilization technologies market.
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Growing
Adoption of E-beam Sterilization Fuels the Growth of the Sterilization
Equipment Market. -
E-beam sterilization is one of the most recent
radiation sterilization technologies in the global sterilization equipment
market. It offers several benefits over conventional methods of sterilization
in the form of ability to sterilize low-density medical devices packaged in
boxes and shorter sterilization cycles. Its compatibility with heat sensitive
materials that are used in majority of the advanced medical devices currently
offered in the market is one of the major factors driving greater adoption of
e-beam sterilization technologies among both in-house sterilization facilities
of various end users and contract sterilization service providers.
Rapid
Growth in Medical Device & Pharmaceutical Industry in Emerging Economies
Supports the Sterilization Equipment Market Growth -
India and China are some of the largest
exporters of pharmaceutical products to the global market. Considering the
international requirements of manufacturing, the medical device and
pharmaceutical device manufacturers in this region are increasingly adopting
global sterilization practices. This has compelled manufacturers in the region
to use advanced sterilization technologies, such as gamma sterilization, e-beam
sterilization that are more effective than the conventional technologies such
as steam sterilization.
Hospitals
and Clinics Will Continue to Dominate the Sterilization Equipment Market by
2023 -
The need to prevent HAIs and improve quality
of care provided at healthcare facilities is one of the key factors propelling
the growth of the sterilization technologies market globally. As sterilization
is most important defense against HAIs, it is an integral part of government
initiatives to curb these additional costs. This in turn is contributing to the
increasing demand for sterilization equipment and clinics among hospitals and
clinics.
The key players
analyzed in the sterilization equipment market are STERIS plc, Getinge AB, 3M
Company, MMM Goup, Matachana Group, Belimed AG, Sotera Health, Cardinal Health,
Advanced, Sterilization Products Services Inc., and Cantel Medical Corporation.
The Global sterilization
equipment market study, published by Meticulous Research, can be accessed at:
Contact
-
Viren Shrivastava
Email: viren@meticulousresearch.com
Direct Lines: +1-646-781-8004 (North
America)
+91 744-7780008 (Asia-Pacific)
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