What Is The Impact Of Covid-19 Pandemic On The Sterilization Technologies Market

Rise in the prevalence of hospital-acquired infections (HAIs), upsurge in likelihood of epidemic or pandemic outbreaks, increase in number of surgical procedures across the globe, and augmenting use of E-beam sterilization drive the global sterilization services market. On the other hand, concerns regarding the safety of reprocessed instruments restrain the growth to some extent. Nevertheless, high market growth potential in emerging markets is expected to create lucrative opportunities in the industry.

According to the report published by Allied Market Research, the global sterilization technologies market size was valued at $7,200.53 Million in 2020, and is projected to reach $12,782.65 Million by 2030, registering a CAGR of 5.9% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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COVID-19 scenario:

Patient to patient pathogen transmission via medical equipment can be completely barred by properly sterilizing medical kits, which in turn has impacted the global sterilization services market growth positively.

Simultaneously, researches have shown that the use of reprocessed equipment to sterilize or disinfect medical equipment was higher than normal during the pandemic.

Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, "increase in number of surgeries and prevalence of various diseases, rise in number of hospital acquired infections, and growth in demand of sterilization in food & beverage industry propel the growth of the sterilization technologies market".

North America dominated the market in 2020, owing to the growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the increasing number of surgical procedures performed, and the presence of key players in the region are the major factors supporting the growth of the. However, Asia-Pacific is expected to witness considerable market growth during the forecast period, due to accelerated economic growth, growing government focus on the healthcare sector, rising prevalence of chronic diseases, the outbreak of COVID-19, investment from government bodies to expand healthcare facilities, and favorable regulatory reforms.

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Leading market players-

Fortive Corporation
H.W. Andersen Products Ltd.
E-BEAM Services, Inc.
Medistri SA
Metall Zug AG.
Steris Plc.
MMM Group
Noxilizer Inc.
Sotera Health LLC.
Stryker Corporation

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