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Sterilization Equipment Market To Witness a CAGR Exceeding 6.9% By 2023 | Size, Share, Trends, Dynamics, Insights and Key Players

Sterilization Equipment Market Research By Product (Low-Temperature Sterilization, Filtration Sterilization and Heath Sterilization), End-User, Technology, Regional Outlook and Dynamics To 2023

Pune, India - July 9, 2019 /MarketersMedia/

Sterilization is a critical process and is practiced across all healthcare verticals that involve surgical treatment. Further, presence strict laws for medical instrument sterilization to prevent accidental contamination and spread of infection. Sterilization equipment demand continues to worldwide. global Sterilization Equipment Market to witness A CAGR exceeding 6.9 % during the forecast period (2018-2023).

Over the years, the slew of sterilization technique has come up along with equipment’s. It is the best way to ensure the prevention of microbial growth in medical products used during the surgical procedures. The rising incidence of hospital-acquired infection worldwide makes sterilization a key focus area for the medical sector.

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Medical science continues to open new domains with high potential and sterilization is one the of them. Technological advances expected to transform and evolve sterilization techniques. At the same time, efforts are being made to make such technique cost-effective in order to improve their accessibility.

Global Sterilization Equipment Market Segmentation:

The segmental analysis of the market has been conducted on the basis of technology, product and end-user. Based on technology, the market has been segmented into natural convection, gravity, forced convention, steam and vacuum.

Based on product, the sterilization equipment market has been segmented into ionizing radiation sterilization, filtration sterilization, low-temperature sterilization and heath sterilization. The ionizing radiation sterilization segment is further sub-segment into gamma rays and electron beam. The low-temperature sterilization segment is further sub-segmented into hydrogen peroxide sterilization, ethylene oxide sterilization and others. The heat sterilization segment is further sub-segment into moist heat sterilization and dry heat sterilization.

Based on end-user, the sterilization equipment market has been segmented into pharmaceutical companies, medical device companies, hospitals & clinics, food & beverage industry, research institutes and others.

Sterilization Equipment Market Dynamics:

Technology Trends
Restraints
Challenges
Drivers
Opportunities
Macroeconomic Indicators

Sterilization Equipment Market Regional Outlook:

In the report, the sterilization equipment market has been covered across Europe, Asia Pacific (APAC), the Americas and the Middle East & Africa (MEA). The Americas represent the largest market for sterilization equipment globally. Strict sterilization laws and strong demand continues to drive the market in North America. In addition, the region is expected to retain its dominant position over the forecast period. The Americas is followed by Europe and Asia Pacific (APAC).

In terms of revenue, Europe holds the second spot in the global sterilization equipment market. Strict healthcare regulation, robust healthcare system and growing surgical procedures are some of factors that can be linked with the high demand for sterilization equipment. Furthermore, the rising number of surgical procedures is also contributing to the demand growth.

The sterilization equipment market is expected to exhibit a sound growth in APAC over the next several years. In fact, APAC is set to become the faster growing sterilization equipment market in world during the forecast period. Improving healthcare infrastructure, growing prevalence of chronic and acute disorders, and increased surgical procedures being the primary drivers of the market.

Moreover, increased government effort to lift up the standard of healthcare services in countries such as China and India is reflecting favourably on the market in the region. As per the data released by World health Organization (WHO), the elderly population in China is expected to grow to 90.4 Mn by the year 2050 up from 22.6 Mn in 2013. The market in the Middle East is also expected to grow at a steady pace but from a lower base.

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Sterilization Equipment Market Key Players:

STERIS plc.
Sotera Health
Belimed
Anderson Products
Celitron Medical
Fedegari Autoclavi S.p.A.
LTE Scientific
Midmark Corporation
3M, Advanced Sterilization Products
Merck & Co., Inc.
Getinge AB
Cantel Medical.
Boekel Scientific and Technologies

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Source URL: https://marketersmedia.com/sterilization-equipment-market-to-witness-a-cagr-exceeding-69-by-2023-size-share-trends-dynamics-insights-and-key-players/88894406

Source: MarketersMedia

Release ID: 88894406

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