Sterilization Equipment Market Witness Excellent Growth with Current Outlook by 2030 | Impacts Analysis of COVID-19

Market Industry Reports (MIR) has published a new report titled “Sterilization Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global sterilization equipment market is estimated to be over US$ 7.0 Bn in 2017. It is anticipated to grow at a CAGR of 7.0% from 2019 to 2030.

The continual growth of the sterilization equipment market can be attributed to several factors which have led to wide scale adoption of sterilization products which are extensively used to obtain contamination free or sterile equipment. Moreover, improving healthcare infrastructure coupled with increasing funding in R&D activities worldwide is anticipated to further contribute to the substantial growth of the global sterilization equipment market between 2019 and 2030.

Major Players in the Sterilization Equipment Market

The prominent players in the global sterilization equipment market are Sterigenics U.S., LLC, Cantel Medical. , Belimed, 3M , Getinge AB, STERIS plc., Sterile Technologies, Inc. , Advanced Sterilization Products Division Ethicon US, LLC., Andersen Products, Inc., and  SAKURA SI CO., LTD.

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Rising Incidences of Hospital-acquired Infections (HAI)
Although, the current healthcare infrastructure has made considerable progress in preventing several forms of healthcare associated infections, yet, Hospital-acquired Infections (HAI) remains one of the most common complications among hospitalized patients. It is estimated that HAIs is among the top 5 leading causes of death in the U.S., and is responsible for a staggering 90,000 death every year. Therefore, sterilization and disinfection of instrument and hospital conditions is a major concern in today’s times, which requires paramount surveillance and scrutiny. Rising cases of HAI is anticipated to be a major driver for the global medical aesthetic market, which is further anticipated to grow in the coming years.

Growing Number of Surgical Procedures

Increasing number of surgeries has been a major contributor to the growing demand for sterilization equipment worldwide. According to the Centers for Disease Control and Prevention (CDC), in U.S., a total of 51 million inpatient surgical procedures were performed in 2010. It is estimated that the global burden of surgical conditions is a staggering 28-32%. Similarly, growing preference for minimally-invasive procedures in anticipated to further propel the growth of the sterilization equipment market.

Segmentation Based On:

By Product & Service:

1.Sterilization Consumables and Accessories,
2.Sterilization Instruments and
3.Sterilization Services

Rapid Growth of the Asia Pacific Market

Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, rising medical tourism and increasing awareness regarding cosmetic treatment and latest technologies is anticipated to present a lucrative growth scenario for the medical aesthetic market in this region. Furthermore, attractive procedure rates, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.

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Research objectives:-
- To study and analyze the global Sterilization Equipment Market consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Sterilization Equipment Market by identifying its various sub-segments.
- Focuses on the key global Sterilization Equipment Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Sterilization Equipment Market with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Table of Contents

1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1. Market Classification
2. Geographic Scope
3. Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List

2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1. Secondary Sources
2. Primary Sources
4.Market Estimation Methodology
1. Bottoms Up Approach
2. Top Down Approach
5.Data Validation and Triangulation
1. Market Forecasting Model
2. Limitations of the Study
3. Assumptions of the Study

3.ABSTRACT OF THE STUDY

4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities

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In the end, Sterilization Equipment Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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This release was published on openPR.