Portable Steam Autoclave Market Revenue Opportunies By Key Vendors Steris Corporation, Cantel Medical Corporation, Asceptico, Labtron Equipment Ltd., GPC Medical Ltd., CIS GROUP

The Global Portable Steam Autoclave Market, was valued at US$ $ 975 million in 2017 and is projected to exhibit a CAGR of 7.2% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.

Potable steam autoclave are essential sterilization equipment used in most settings to avoid cross-contamination while performing medical, dental, and scientific operations. Steam sterilization is a non-toxic and inexpensive way to eliminate microbes and spores. Steam sterilization is based on four parameters namely, steam, pressure, temperature, and time of exposure.

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Nosocomial infection, including central line-associated bloodstream infections (CLABSI), catheter-associated urinary tract infections, surgical site infections, and ventilator-associated pneumonia are some of the common hospital-acquired infections. According to the European Centre for Disease Control and Prevention 2013, prevalence of healthcare-associated infections due to use of contaminated equipment accounted for up to 4,131,000 patients affected per year in the European economies.

According to a report published by Patient Safety- World Alliance for Safer Healthcare and World Health Organization 2012, due to unfavorable environment as well low quality of the healthcare institutes in low- and middle-income economies, patient infection due to use of non-sterile and contaminated instruments is higher as compared to that in developed economies

Guidelines associated with prevention of infections from hospital facilities would create standardized practice for sterilization, which would help in market expansion of the portable steam autoclave market. American Dental Association’s guideline mentioned in detail about guidelines for disinfection of sterilization and disinfection of dental instruments. Portable autoclave are most commonly used in dental settings. For instance, the Ministry of Health, Singapore, in 2016, released a National Infection Control Guideline as a consultation draft for hospital and other healthcare facilities.
Key players operating in the global portable steam autoclave market include 3M Company, Steris Corporation, Cantel Medical Corporation, Asceptico, Labtron Equipment Ltd., GPC Medical Ltd., CIS GROUP, LTE Scientific, Anderson products, BIOBASE, Advanced Sterilization Products, Sterigenics international, and MMM Group

Key Players in the market are involved in introducing novel products to meet the growing demand of end users and increase revenue prospects. For instance, in 2016, Astell Scientific, which is part of Thermo Fisher Scientific, launched a touch screen-based controller for its bench top autoclave products, which combines with analogue and digital input/output modules. Controller software has features to improve speed and management of load cycles with menu system, cycle selection, customizable access levels, and password protection. Moreover, it stores historic data up to 5,000 cycles and can be viewed or downloaded via USB port.

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Key Takeaways of the Portable Steam Autoclave Market:
• The global portable steam autoclave market is expected to exhibit a CAGR of 7.2% over the forecast period, owing to increasing incidence of hospital-acquired infections and complications associated with it and growth in research and development of novel medicines
• Among designs, the vertical segment is expected to hold a dominant position in the market during forecast period. Vertical deign is traditionally utilized in almost all end user settings, they are convenient to handle and easy to operate without the need for specialized training. Table top segment is emerging as an alternative to the vertical segment, however it accounts for significantly low share currently.
• Among applications, the medical applications segment is expected to hold the largest share in the global portable steam autoclave market, owing to the fact that infection from hospital facilities is rising, which can be prevented by the use of portable steam autoclaves. There are number of guidelines and protocols published by healthcare regulatory bodies such as CDC, WHO which could lead more standardization in sterilization practice that would help portable steam autoclave market to grow
• Amongst end users, the hospitals segment is expected to hold a dominant position in the market due to increasing number of surgeries being performed in hospital premises than other facilities, which exhibit greater risk of transmitting infections.
• North America is expected to be the dominant market for portable steam autoclave market. U.S. would contribute significantly towards larger share of North America. Rising incidence of hospital-acquired infection in hospital settings and high investment in research and development in the U.S. would contribute significantly to growth of the portable steam autoclave market in the U.S. and in turn, in North America
• Key players operating in the global portable steam autoclave market include 3M Company, Steris Corporation, Cantel Medical Corporation, Asceptico, Labtron Equipment Ltd., GPC Medical Ltd., CIS GROUP, LTE Scientific, Anderson products, BIOBASE, Advanced Sterilization Products, Matachana Group, Sterigenics international, and MMM Group

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.