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Sterilization Equipment Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Market Outline: Sterilization Equipment Market

Sterilization is the process of destroying the living micro-organisms that includes transmissible agents such as spore forms, bacteria, fungi, and unicellular eukaryotic organisms from medical equipment, surface, and fluids and among others. Sterilization is mandatory in the medical industry to improve the efficacy and safety of the instruments. Sterilization can be done by various processes such as chemical, heat, high pressure, irradiation, and filtration. Chronic diseases such as HIV and lethal hepatitis may attack due to the use of unsterilized equipment.

 

Market Dynamics: Sterilization Equipment Market

Increase in the prevalence of hospital-acquired infections, growing number of pharmaceutical, medical devices companies, the rise in the number of surgical procedures, and government initiations to maintain the sterilization standards in research centres and hospitals are anticipated to fuel the market. Moreover, technological advancements in the sterilization process, stringent regulations for infection control and medical safety, and rising investment in healthcare infrastructure are expected to boost the market over the forecast period. However, the high cost of sterilization equipment, saturated development markets, and regulatory issues are hampering the growth of sterilization equipment market.

 

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Market Scope: Sterilization Equipment Market

Sterilization equipment market is segmented on the basis of product type, technology, sterilization type, site of sterilization, and end user

Based on the product type, the market is segmented into the following:

  • Sterilization Indicators
  • Sterilization Accessories
  • Others (Detergents, Lubricants)

Based on technology, the market is segmented into the following:

  • Pre-Vacuum
  • Gravity Displacement
  • Steam-Flush Pressure Pulse

Based on the sterilization type, the market is segmented into the following:

  • Moist Heat Sterilization
  • Dry Heat Sterilization
  • Low-Temperature Sterilization
  • Filtration Sterilization
  • Radiation Sterilization
  • Others

Based on the site of sterilization, the market is segmented into the following:

  • Onsite Sterilization
  • Offsite Sterilization

Based on the end user, the market is segmented into the following:

  • Hospitals
  • Pharmaceutical Companies
  • Food And Beverages Companies
  • Medical Devices Companies
  • Research Institutes
  • Others

 

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Market Summary: Sterilization Equipment Market

Sterilization equipment market is growing at a significant rate owing to increase in a number of surgical procedures for chronic diseases (according to World Health Organization, approximately 234.2 Mn major surgeries are undertaken every year around the globe). Moreover, government initiations to protect the public health and increase the use of medical devices also boost the market. The emergence of newer diseases such as Ebola has emphasized to maintain the hygienic environment and proper administration of medical facilities. Furthermore, technological advancements such as low-temperature sterilization and gamma radiation also boost the sterilized equipment market over the forecast period. In addition, acquisition and mergers and FDA approval for the newer processes also upsurge the revenue of sterilization equipment market over the forecast period. For instance, in April 2016, Sterigenics International LLC acquired Nelson Laboratories, Inc. for the expansion of business around the globe. Moreover, in February 2014, Cantel Medical Corp. received ISO registration for novel sterilization process Revox, a Peracetic acid/Hydrogen Peroxide vacuum vapour process at room temperature.

 

Regional Analysis:  Sterilization Equipment Market

Geographically, global sterilization equipment market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America sterilization equipment market is growing due to increase in the prevalence of chronic diseases, high demand for non-disposable surgical devices, and development of newer technologies by market players are anticipated to fuel the market. Europe sterilization equipment market is poised to grow at a significant rate owing to increase in the demand for medical devices from European countries such as France, Germany, and Nordics, sophisticated healthcare infrastructure, and increase in the number of pharmaceuticals, medical devices companies. Asia Pacific sterilization equipment market has a prominent share due to increasing medical tourism in Asia Pacific regions, rise in population in India and China, higher incidence of hospital-acquired infections, and government initiations for protecting public health are bolstering the market. Latin America sterilization equipment market is projected to grow due to rise in number of cosmetic surgeries in Brazil, expansion of business by market players in Latin America region. Middle East and Africa sterilization equipment market has a lucrative growth, which is attributed to increase in number of small and medium medical facilities, rise in the number of hospital-acquired diseases, and rise in demand for reusable medical devices.

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Competition Assessment: Sterilization Equipment Market

Some of the players in the global sterilization equipment market include:

  • 3M Company (U.S.)
  • Getinge Group (Sweden)
  • STERIS Corporation (U.S.)
  • Cantel Medical Corporation (U.S.)
  • Matachana Group (Spain)
  • MMM Group Limited (WSP Global) (Canada)
  • Sterigenics International, Inc. (U.S.)
  • Advanced Sterilization Products (U.S.)
  • Belimed AG (Switzerland)
  • Anderson Products, Inc. (U.S.)

 

Notable Market Developments: Sterilization Equipment Market

  • In June 2017, Sterigenics international LLC expanded its gamma sterilization capacity to West Memphis, Arkansas, U.S with the investment of US$ 16.8 Mn

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

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About Precision Business Insights

 

Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.Precision Business Insights mission is to provide high-quality market research reports and generate key insights to our clients. PBI’s approachable strategies are to help clients to make key decisions for business growth.Precision Business Insights vision is to become most valued partner to fortune 500 companies by providing agile, accurate, and actionable market insights

 

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Posted by on Tuesday April 17 2018, 1:00 PM EDT. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks are open. Follow responses: RSS 2.0

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