Sterilization Equipment And Disinfectants Market 2021 Precise Outlook-3M Company, Cantel Medical Corporation, STERIS Corporation, Belimed, TSO3 Inc
The global sterilization equipment and disinfectants market was valued at about $4.6 billion in 2018 and is expected to grow to $5.53 billion at a CAGR of 4.7% through 2022.
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Key Market Players:
3M Company, Cantel Medical Corporation, STERIS Corporation, Belimed, TSO3 Inc. and Other
North America market was the largest region in the sterilization equipment and disinfectants market in 2017.
Rising incidences of hospital acquired infections is driving the sterilization equipment and disinfectants market. Hospital-acquired infections (HAI) are infections caused by viral, bacterial, and fungal pathogens present on contaminated equipment, air droplets or bed linens in healthcare facilities. The most common types of HAI include bloodstream infection, ventilator-associated pneumonia, urinary tract infection and surgical site infection. Sterilization equipment and disinfectants ensure protection against these hospital acquired infections. For instance, according to the HAI Hospital Prevalence survey, in 2015, there were approximately 687,000 HAIs in the USA in acute care hospitals out of which about 72,000 hospital patients with HAIs passed away during hospitalization. Such instances have driven the growth of the sterilization equipment and disinfectants market.
The growing preference for disposable medical supplies due to high prices and maintenance costs of reusable instruments is acting as a restraint on the sterilization equipment and disinfectants market. Disposable medical supplies include suction catheters, face masks, needles, gloves, syringes, applicators and others. Disposable medical supplies are sterile and are used only once, thus eliminating the need of sterilization equipment and disinfectants.
Sterilization equipment companies are increasingly investing in the development of electron beam radiation sterilization equipment. The E-beam sterilization process uses accelerators to create a powerful beam of electrons that are scanned back and forth over used medical supplies, thus creating an effective sterilization process. E-beam radiation sterilization is a carefully monitored and extremely precise process that is suitable for medical supplies. The sterilization process is completed more quickly compared to other methods, with no residual impurities generated or left behind. For instance, Steris corporation, a provider of infection prevention products and services, is developing and manufacturing products that use electron beam irradiation for sterilization purposes, resulting in a shorter processing time.
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The market factors explained in the report:
Market Overview: It includes Sterilization Equipment And Disinfectants Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The Sterilization Equipment And Disinfectants Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the Sterilization Equipment And Disinfectants Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the Sterilization Equipment And Disinfectants Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global Sterilization Equipment And Disinfectants Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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