This report provides exclusive insights into the COVID-19 impact on the Sterilization Equipment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Sterilization Equipment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Sterilization Equipment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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
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.
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.
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.
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.
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.