Sterilization Technology Market Expert Financial Overview | Success Milestones | Top Players Revenue and Forecasts by 2023

Global Sterilization Technology Market Research Report Information: Type (Thermal Sterilization) Process (Physiochemical) End-user (Hospitals & Clinics) – Forecast Till 2023

The emphasis on patient safety and minimize the probability of transmission of infections has brought sterilization to the forefront. The global sterilization technology market is anticipated to touch USD 8,142.61 million by 2023, as per an insightful report by Market Research Future (MRFR). It is expected to expand at an 8.20% CAGR during the assessment period (2018-2023). Sterilization is a process to rid of pathogens or viruses which can be a major cause of chronic diseases.

Rising demand for prevention of hospital-acquired infections (HAIs) is expected to drive market demand in the healthcare sector for sterilizing medical equipment and apparatus. According to the World Health Organization (WHO), millions are affected by HAIs lead to significant mortalities. The prominence of cosmetic surgical procedures for enhancing external appearances has led to adoption of sterilization technologies to create sterile working conditions. But stringent regulations can hamper market growth.

Report Overview

This report allows the user to gain a deeper understanding of the current events and trends in the market for sterilization technology. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the global sterilization technology market segmented on the basis of type, process, end-user, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.

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Segment Overview

By type, the sterilization technology market has been segmented into ionizing radiation, ethylene oxide, filtration, thermal sterilization, and others. The ethylene oxide segment is likely to capture a large market share by 2023 owing to the strength of its radiation and high penetration rate. By process, the market is segmented into physiochemical, chemical process, physical process, and synergetic process. The chemical process segment is touted to generate USD 5,677.43 million by 2023.

Major market end-users include medical device manufacturers, hospitals & clinics, and pharmaceutical industry. The pharmaceuticals industry segment is expected to be the biggest market end-user by the end of the forecast period owing to the rising demand for sterilization to avoid contamination of pharmaceutical ingredients.

The segments and sub-segments covered in the report are analyzed under four major regions – Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA), with respective country-level market sizing. For the scope of research, the standard definition of the product/service “sterilization technology” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.

Players Covered

Sterile Technologies Inc., Feldmeier Equipment, Inc., Advanced Sterilization Products Services Inc., Steris Plc, Atec Pharmatechnik GmbH, Donaldson Co. Inc., Beta Star Life Science Equipment, and others are noteworthy players in the sterilization technology market.
The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.

Research Methodology

Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.

Analysis Period
Base Year - 2017
Projection Period - From 2018 to 2023
Market Denomination - USD Million

Conversion Rate - Considered as per the respective financial years

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For the scope of research, the report offers a comprehensive analysis of the global sterilization technology market.
Type
Thermal Sterilization
Ionizing Radiation
Ethylene Oxide
Filtration
Others
Process
Chemical Process
Physical Process
Synergetic Process
Physiochemical
End-user
Hospitals
Pharmaceuticals
Medical Device Manufacturers

Region
North America; The U.S. and Canada
Europe; France, Italy, Germany, the U.K., Spain, and Rest of Europe
Asia Pacific; China, India, Japan, Australia, Republic of Korea, and Rest of Asia Pacific
The Middle East & Africa; The Middle East and Africa

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