A recent report published by Infinium Global Research on sterilization equipment market provides in-depth analysis of segments and sub-segments in global as well as regional sterilization equipment market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional sterilization equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global sterilization equipment market. According to the report the global sterilization equipment market is projected to grow at a CAGR of 6.8% over the forecast period of 2018-2024.

Market Insight

Sterilization is the process in which all living microorganisms such as bacteria, fungi, and spore forms are killed present on the surgical or medical equipment. Sterilization is achieved by using methods such as chemical, filtration, and radiation, heating and high pressure. Sterilization equipment is used in the laboratories, pharmaceutical industry, and Hospitals. Moreover, hospitals and different healthcare organizations need sterilization equipment to maintain sterility. Autoclaves are the sterilization equipment widely used in medicine, podiatry and veterinary medicine. This equipment uses steam and pressure, to kill the bacteria and spores on items that are placed inside a pressure vessel.

Growing number of surgeries performed in the hospital owing to a rise in the aging population is the key factor driving the growth of sterilization equipment market The other factor such as a rise in occurrences of chronic diseases such as cancer and increase demand for sterilization equipment in the healthcare the sector provides prevention related to healthcare-associated infections have a positive impact on the market. In addition, the growing need for sterilization equipment in the biotechnology and pharmaceutical industries and a rise in healthcare expenditure are also fueling the growth of the market. However, the strict rule set by the government and healthcare association concerning sterility is further projected for the growth of the market. Going further, the growing demand for sterilization equipment offers significant growth opportunities for key players in this market in the near future.

Among the regions, North America contributed the largest revenue in the sterilization equipment market. The growing need for sterilization technologies in the healthcare sector to prevent healthcare-associated infection, the high prevalence of infectious diseases and increasing surgical procedures are expected to boost the market in the North America region. The Asia-Pacific is anticipated to be the fastest growing market during the forecast period. Increasing surgical procedure, rapidly growing population, the high prevalence of hospital-acquired infections in hospital and a rising number of the pharmaceutical industries are expected to fuel the market in this region.

Segment Covered

The report on global sterilization equipment market covers segments such as end user and type. On the basis of the end, user the global sterilization equipment market is categorized into hospitals & clinics, scientific institutes & laboratories, the pharmaceutical industry, and medical device manufacturers. On the basis of type the global sterilization equipment market is categorized into steam sterilizers (autoclaves), dry heat sterilizers, heated chemical vapor sterilizers, gas sterilizers, and others.

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. 

The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global sterilization equipment market such as Cardinal Health, Steris Corporation, Getinge Group, Belimed AG, Cantel Medical, Advanced Sterilization Products, Matachana Group, Sotera Health, and 3M Company Group.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global sterilization equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sterilization equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the sterilization equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the sterilization equipment market to understand the present and future trends in this market and formulate their strategies accordingly.