Global Sterilization Equipment Market
The Global Sterilization Equipment Market Size And Forecast Report is a comprehensive study of the global sterilization equipment market. The report provides an in-depth analysis of the market size, growth, and forecast for the period from 2018 to 2025.
The global sterilization equipment market size is expected to reach USD XXX billion by 2026, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of XXX% over the forecast period. Increasing demand for sterilized products in the healthcare industry is expected to drive the market growth over the forecast period.
The increasing number of surgical procedures and hospitalizations are anticipated to fuel the demand for sterilization equipment. Stringent regulations regarding patient safety are also expected to propel the market growth over the forecast period. Moreover, technological advancements in sterilization equipment are projected to create potential growth opportunities for market players over the forecast period.
The ethylene oxide segment accounted for the largest share of the overall market in 2018 and is expected to retain its dominance over the forecast period. This can be attributed to its wide application in various industries such as healthcare, food & beverage, and pharmaceuticals among others. Steam autoclaves are expected to be the fastest-growing product type segment over the forecast period owing to their extensive use in hospitals and clinics for sterilizing surgical instruments and medical devices.
Global Sterilization Equipment Market Estimates And Forecasts
The global sterilization equipment market is expected to reach USD XXXX billion by 2020, growing at a CAGR of XXX% during the forecast period of 2014 to 2020. Sterilization is a process which destroys or eliminates all forms of life and other biological agents from an object or surface. The need for sterilization arises in many industries such as pharmaceuticals, cosmetics, food & beverage, and medical devices among others.
Sterilization equipment includes autoclaves, gas sterilizers, ultraviolet (UV) disinfection systems, and others. Autoclaves are widely used for the sterilization of various materials such as plasticware, glassware, metal instruments, etc. Gas sterilizers use either hydrogen peroxide or ethylene oxide gas for the sterilization of heat-sensitive items such as electronics and plastics. UV disinfection systems use ultraviolet light for the inactivation of microorganisms present on surfaces or in liquids.
The global market for sterilization equipment has been segmented based on technology, application, end user industry, and geography. Based on technology, the market has been classified into autoclave sterilization, dry heat sterilization, filtration sterilization, gas sterilization, radiation sterilization (electron beam and gamma), and ultrasonic waves/sound waves/ultraviolet radiation (UV) disinfection systems. Based on application areas, the market has been segmented into medical & surgical instruments/devices/tools; pharmaceuticals &
Segmentation by End User
The global sterilization equipment market is segmented by end user into the healthcare, pharmaceutical, and food & beverage industries. The healthcare industry is expected to dominate the market due to the increasing number of surgeries and hospitalizations worldwide. The pharmaceutical industry is expected to grow at a significant rate due to the increasing demand for sterile products. The food & beverage industry is also expected to grow at a considerable rate due to the need for sterilized packaging and containers.
Some of the key players operating in this market are 3M Company (U.S.), Advanced Sterilization Products Services Inc.(U.S.), Belimed AG(Switzerland), Getinge Group(Sweden), TSO3 Inc.(Canada), Cantel Medical Corporation(U.S.), ST
Major players in the Global Sterilization Equipment market
The sterilization equipment market is highly fragmented with the presence of numerous small and large-scale companies. Some of the key players operating in the global sterilization equipment market include 3M Company, Advanced Sterilization Products Services, Inc., Getinge AB, Cantel Medical Corporation, Steris Corporation, Belimed AG, Matachana Group, Tso3 Inc., and STERIS plc.
The global sterilization equipment market is highly competitive with a large number of players. The major players in the market are Becton, Dickinson and Company, Getinge AB, Johnson & Johnson, Steris plc., 3M Company, Belimed AG, TSO3 Inc., and Advanced Sterilization Products Services Inc. These players have a strong presence in the market and are expected to continue their dominance in the coming years.
The other players in the market include Midmark Corporation, Miele & Cie. KG, MATACHANA GROUP, Sterigenics International LLC., Cantel Medical Corporation, CISA Group S.p.A., Nordion (Canada) Inc., and STERISIs plc. These players are expected to witness significant growth in the coming years owing to the increasing demand for sterilization equipment from various end-use industries.
Conclusion Global Sterilization Equipment
The global sterilization equipment market is expected to reach USD XXXX billion by 2025, at a CAGR of XXXX%. The market is driven by factors such as the increasing number of surgeries and procedures, the rising prevalence of infectious diseases, and the growing demand for minimally invasive procedures. However, the high cost of sterilization equipment and the lack of trained personnel are restraining the growth of this market.