Global Sterilization Equipment And Disinfectants Market Report 2020-2023: Top Key Players Analysis, Market Size, Growth And Upcoming Trends

Sterilization Equipment And Disinfectants Market - By Type Of Products (Sterilization Equipment, Disinfectants), By Method (Physical Method, Chemical Method, Mechanical Method), By End User (Hospitals And Clinics, Clinical Laboratories, Pharmaceutical Companies, Other Industries, Non-Industrial Use ), And By Region, Opportunities And Strategies - Global Forecast To 2023 By The Business Research Company

The global sterilization equipment and disinfectants market reached a value of nearly $7,142.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 5.9% since 2015. The market is expected to increase from $7,142.3 million in 2019 to $8,049.3 million in 2020 at a compound annual growth rate (CAGR) of 12.7%. The increase is mainly due to increase use of sterilization and disinfectants to combat COVID-19 pandemic across all countries in the world. The market is expected to grow at a CAGR of 6.95% from 2021 and reach $9,846.9 million in 2023.

The key drivers of the sterilization equipment and disinfectants market include:
The rising spread of COVID-19 pandemic increased the demand for sterilization equipment and disinfectant which is expected to drive the sterilization equipment and disinfectants market during the forecast period. COVID-19 is a highly infectious disease and therefore frequent decontamination and disinfection of the medical device products have become an important aspect during this pandemic situation. Ethylene oxide (EtO) sterilization method plays an important role in the battle against COVID-19. EtO sterilization is a?cold sterilization process?and most suitable for medical devices that cannot withstand the high temperatures such as syringes, gowns, gloves, catheters, products with plastic tubing, respiratory devices, and masks. In the US, there were closures of some ethylene oxide gas sterilization facilities due to its safety concerns posed by the local residents as the exposure to this gas leads to cancer and neurological conditions.

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Sterilization Equipment And Disinfectants Market Segmentation:
The Sterilization Equipment and Disinfectants market is segmented by type of products, by method, by by end-user and by geography.?
By Type Of Products- The sterilization equipment and disinfectants market can be segmented by type of products
a. Sterilization Equipment
b. Disinfectants
The disinfectants market was the largest segment of the sterilization equipment and disinfectants market segmented by product type, accounting for 54.4% of the total in 2019. Going forward sterilization equipment segment is expected to be the fastest growing segment in the sterilization equipment and disinfectants market, at a CAGR of 8.9%.

By Method – The sterilization equipment and disinfectants market can be segmented by method
a. Physical Method
b. Chemical Method
c. Mechanical Method
The chemical method segment was the largest segment of the sterilization equipment and disinfectants market segmented by method, accounting for 63.0% of the total in 2019. Going forward, physical method segment is expected to be the fastest growing segment in the sterilization equipment and disinfectants market, at a CAGR of 6.02%.

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By Geography - The Sterilization Equipment And Disinfectants Market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Some of the major key players involved in the Sterilization Equipment And Disinfectants Market are
• Getinge AB
• Belimed AG
• Advanced Sterilization Products
• Steris Corporation
• Cantel Medical Corporation

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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