Sterilization Equipment Market Top Key Player Analysis - 3M, Advanced Sterilization Products Services, Anderson Products, Belimed, Boekel Scientific, Celitron, Fedegari Group, Getinge AB, LTE Scientific & More

Owing to the growing disease burden and the need to establish a pathogen-free environment across the overall healthcare infrastructure, the biotech and pharmaceutical companies have been proactive in deploying modern sterilization methods over the past few years. Each component that is used in manufacturing bio pharma products requires to be sterilized appropriately - a factor that has led to the sterilization equipment market garner immense popularity across biotechnology and pharmaceutical industry in the recent times. Moreover, regulatory authorities are scrutinizing medical device sterilization for high-grade medical devices used during minimally invasive surgical operations to enhance patient safety which has propelled the sterilization equipment market share.

MarketStudyReport.com Adds New Sterilization Equipment Market 2018 – 2024 research report providing information and data By Product, By End-use, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 200 Pages with table and figures in it.

Sterilization Equipment Market will exceed USD 9.2 billion by 2024; as per a new research report. Increasing technological advancements in developed economies will drive sterilization equipment market growth. Advances in low temperature sterilizers including V-Pro Max System that offers an additional conditioning phase in sterilization cycle, provides optimal sterilization. Vaporized hydrogen peroxide coupled with low-temperature peroxide gas plasma technology can be used for terminal sterilization of heat, moisture sensitive medical devices and instruments. Aforementioned technological advances and its extensive applications will spur industry growth throughout the forecast timeline.

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Rising number of hospital-acquired infections (HAI) in developing countries should increase the demand for sterilization equipment. For instance, large number of HAIs are spreading due to improper sterilization of mechanical ventilators and catheters. According to World Health Organization, 56% of hospital-born infants in developing countries die in neonatal period due to hospital-acquired infections. Pervasiveness of HAI and implementation of stringent government norms and standards to reduce nosocomial infections, should boost the demand for sterilization equipment in the forecast period.
Filtration sterilization segment is estimated to grow at 7.3% during the forecast timeframe due to its ability to sterilize liquid and gaseous phase substances. Rapidly rising need for biologicals requiring sterilization would favor segmental boost. Technological advancements resulting into improved sterilization of biochemical fluids will further aid segmental growth in the future.

Hospitals and clinics segment will grow at a rapid rate of 8.1% over the projected timeframe, owing to surging number of individuals having chronic disorders. Rise in number of chronic diseases will lead to higher number of patients seeking therapies in hospitals and clinics. Number of hospitals will increase in developing countries owing to improvement in healthcare expenditure. Rise in number of hospitals along with growing burden of nosocomial infections will render positive impact on business growth during the forecast timeframe.

U.S. sterilization equipment market is estimated to grow at 7.7% in the upcoming years. Increasing surgical procedures in U.S. owing to chronic diseases in geriatric population and favorable government policies should drive segmental growth. U.S. demographics suggest that about 32% of population aged 50 years and above is susceptible to chronic diseases. Similarly, stringent government norms for disinfection and sterilization of medical devices will promote market growth. Rise in number of surgical procedures due to aging population will lead to rise in demand of sterilization equipment, thereby favoring market growth in the future.

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Key industry players involved in global sterilization equipment market are 3M, Advanced Sterilization Products Services, Anderson Products, Belimed, Boekel Scientific, Celitron, Fedegari Group, Getinge AB, LTE Scientific, Matachana, Merck, Midmark, MMM Group, Steris Corporation, TSO3 and Tuttnauer.

Prominent business players are focusing on strategic acquisitions and partnerships to strengthen market position. Introduction of technologically advanced sterilization equipment should favor industry growth over the forecast period. For instance, In June 2018, Getinge Ab launched its GSS Steam Sterilizer at the Achema exhibition in Frankfurt, Germany. This product launch will broaden the company?s product portfolio and geographic reach, thereby expanding its customer base.

Table of content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Sterilization Equipment Industry Insights
Chapter 4. Sterilization Equipment Market, By Product
Chapter 5. Sterilization Equipment Market, By End-Use
Chapter 6. Sterilization Equipment Market, By Region
Chapter 7. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/sterilization-equipment-market

Outer Scope of this Report: As the probability of patient-to-patient transfer of multi-drug resistant bacteria is not lowered by high-level disinfection, the need to utilize advanced sterilization methods has been a crucial aspect across hospitals. In this context, numerous medical devices manufacturers are launching high-quality and cost-efficient sterilizers that has boosted the growth prospects of sterilization equipment market in the past few years. For instance, the Getinge Group has recently declared that its STERIZONE® VP4 Sterilizer has been cleared by the U.S. Food and Drug Administration (FDA) for expanded indications and utilization across Europe, Canada, and the United States. The sterilizer, which is the only validated low-temperature sterilizer available in these regions, can be used to sterilize multi-channel flexible endoscopes of about four channels and 3.5 meters in length, gastroscopes, and colonoscopes. Consequentially, the unveiling of such advanced sterilizers is bound to impel the sterilization equipment industry share.

Related Report:

EMEA (Europe, Middle East and Africa) Sterilization Equipment Market Report 2018

In this report, the EMEA Sterilization Equipment market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/emea-europe-middle-east-and-africa-sterilization-equipment-market-report-2018/?utm_source=RR-PSR

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