Sterilization Equipment Market - Global Opportunity Analysis and Industry Foreca

Posted by Savi Bnagar on January 14th, 2020

Sterilization Equipment Market By Product And Service [Equipment (Moist Heat, Dry Heat, Hydrogen Peroxide, Ethylene Oxide), Consumables (Sterilization Indicators, Sterilant Cassettes), Services (E-Beam, EtO, Gamma)] – Global Forecast to 2023

Sterilization is one of the key processes in many of the industries, specifically in healthcare services. It is widely used in hospitals to prevent hospital acquired infections, and in pharmaceutical and biotechnology, medical device manufacturing, and food and beverages processing industry to maintain sterile processing environment within the facility, as per need. Meticulous Research® in its latest publication on sterilization equipment market states that the global market will increase at a CAGR of 7.0% from 2017 to 2023 to reach USD 10.51 billion by 2023.

Growth of the global sterilization equipment market is mainly attributed to growing need to curb the incidence of HAIs among healthcare facilities, increasing number of surgical procedures being performed across the globe, growing medical device and pharma manufacturing, and increasing use of sterilization technologies in the food and beverages industry.

To provide efficient analysis, Meticulous Research has segmented this market on the basis of product and service [equipment (moist heat, dry heat, hydrogen peroxide, ethylene oxide), consumables (sterilization indicators, sterilant cassettes), services (E-Beam, EtO, Gamma)], and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to government initiatives and proactive measures taken by healthcare organizations to minimize HAIs among patients and prevent readmissions.

While in terms of sterilization services, Ethylene oxide sterilization segment accounted for the largest share in the global sterilization equipment market. The large share of this segment is mainly attributed to growing outsourcing of EtO sterilization requirements of medical device industry.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including STERIS plc, Getinge AB, 3M Company, MMM Goup, Matachana Group, Belimed AG, Sotera Health, Cardinal Health, Advanced, Sterilization Products Services Inc., and Cantel Medical Corporation.

TOP 10 COMPANIES IN STERILIZATION EQUIPMENT MARKET

https://meticulousblog.org/top-10-companies-in-sterilization-equipment-market/

Key Topics Covered in This Report:

1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary
3.1. Introduction
3.2. Market Dynamics
3.3. Product Segment Analysis
3.4. Regional Analysis
3.5. Competitive Analysis

4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Growing Need to Curtail Hospital-Acquired Infections
4.2.2. Growth in the Number of Surgical Procedures
4.2.3. Rising Demand of Sterilization in Food Industry to Prevent Food-Borne Diseases
4.2.4. Increasing Sterilization Demand from Pharmaceutical and Biotechnology Industries
4.3. Restraints
4.3.1. Harmful Effects of Ethylene Oxide
4.3.2. Concerns Regarding the Safety of Reprocessed Instruments
4.4. Opportunities
4.4.1. Growing Demand of Sterilization Technologies in Emerging Markets
4.4.2. Rising Demand for E-Beam Sterilization
4.5. Challenges
4.5.1. Growing Adoption of Advanced Medical Instruments Driving Complexity of Sterilization
4.5.2. End-User Noncompliance with Sterilization Standards.

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Key questions answered in the report:

Rapid Growth in Medical Device & Pharmaceutical Industry in Emerging Economies Supports the Sterilization Equipment Market Growth

• Which are the emerging economies offering lucrative growth opportunities for sterilization equipment manufacturers and providers?
• What factors drive the market growth in emerging economies?
• How does the penetration of sterilization technology in developed regions differ from developing regions like Asia Pacific and Latin America?
• How is the competitive situation between global market leaders and prominent local players in these regions?

E-beam Sterilization to Register the Fastest Growth in Contract Sterilization Services Market

• How e-beam sterilization technology has better acceptance as compared to the other technologies?
• Which geographic segment is expected to register highest growth in the e-beam sterilization technology market?
• What are the factors driving greater demand for e-beam sterilization servives?

Sterilization Equipment Market Favors both Regional and Local Manufacturers that Compete in Multiple Segments

• Who are the top market players and what strategies they adopt to gain majority of the market share?
• What strategies should emerging/ developing companies adopt to enter/compete effectively in this market?
• What strategies local players in this market have adopted to compete with the global market leaders?
• What are the major drivers, restraints, and opportunities in the sterilization equipment market?
• Who are the major players in various countries and what share of the market do they hold?
• What are the geographical trends and high growth regions/ countries?

Recent Strategic Developments Have Taken Place in the Sterilization Equipment Market

• What technological advancements have taken place in this industry?
• Which companies are recently merged/acquired by prominent players in this market and how will these unions affect the competitive landscape of the sterilization equipment market?
• Who are the major players in the global sterilization equipment market and what shares of the market do they hold?
• What are the local emerging players in this market and how do they compete with the global players?

Download free sample report here: https://www.meticulousresearch.com/download-sample-report/?cp_id=4698