Sterilization Equipment Market : Meticulous Research Reveals Why This Market is Growing at a CAGR of 7.0% to Reach USD 10.51 Billion by 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.

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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).

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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.

Key Topics Covered in This Report:

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Global Sterilization Equipment Market, by Technology
6. Global Sterilization Consumables Market, by Product
7. Global Sterilization Services Market, by Type
8. Global Sterilization Technologies Market, by End User
9. Sterilization Technologies Market, by Region
10. Competitive Outlook
11. Company Profiles
12. Appendix.

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

This release was published on openPR.