Low Temperature Sterilization Equipment - Market Driver, Outlook, Key Players by 2025
Low temperature sterilization is an effective means to exercise heat and moisture sensitive surgical instrumentation, general equipment, and implant. Low temperature sterilization is used to sterilize unique devices with complex designs or those made of heat and moisture sensitive materials. This type of equipment usually include polymers on cameras, fiber optics, flexible scopes, certain plastics or recyclable invasive medical instruments made of materials that cannot withstand the moisture, and steam associated with steam sterilization. Low temperature sterilization methods vary in mode of action. The method used is based on the process for which the device has been validated by the original equipment manufacturer. Medical sterilization is widely practiced in hospitals and other treatment areas such as specialty clinics and ambulatory surgical centers in order to keep the patients safe, prevent infections, and other harmful microbes. Low temperature sterilization procedures are majorly adopted by health care organizations, owing to increasing use of complex, delicate and expensive instruments that are unable to withstand high temperature and pressure.
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The global Low Temperature Sterilization Equipment Market was valued at US$ 1,120.1 million in 2016 and is expected to witness a robust CAGR of 10.6% over the forecast period (2017 - 2025).
Low temperature sterilization is one of the most commonly used technique for disinfection and sterilization of equipment that are incapable to withstand high pressures and temperature in conventional sterilization techniques such as autoclave and hot air sterilization. Thus, this technique is considered to ideal for devices such as fiber optics, flexible scopes, laryngoscopes, polymers on camera, and others. The commonly used low temperature Technology type is carried out with the use of ethylene oxide gas as it is absorbed by many kinds of plastic and other materials that are usually sterilized at low temperatures.
The major factors contributing the growth of global low temperature sterilization equipment market are increasing number of surgeries, endoscopic procedures, and increase in healthcare associated infections. According to World Health Organization (WHO), in 2011, 7 out of 100 hospitalized patients procure hospital acquired infection (HAIs) and one third of the intensive care unit (ICU) patients procure hospital acquired infection due to the presence of non-sterile environment. Moreover, the journal of Royal Society Interface reported, in around 44 million cases of infectious diseases from 1980 - 2013 worldwide. Another factor responsible for promoting growth of the global low temperature sterilization equipment market include increasing number of surgical procedures, especially minimally surgical procedures in which the laparoscopic and various other devices require sterilization at low temperatures. However, the growth of Low Temperature Sterilization Equipment Market is hindered by the inability of these devices to perform disinfection on strong absorbers, liquids and powders.
Key features of the study:
This report provides in-depth analysis of low temperature sterilization equipment market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2017 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global low temperature sterilization equipment market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study 3M Company, Steris Corporation, Belimed AG, Cantel Medical Corporation, Anderson products, Advanced Sterilization Products, Matachana Group, Sterigenics International, and MMM Group.
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Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global low temperature sterilization equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the low temperature sterilization equipment market
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