Advanced Sterilization Products Market Trends, Business Overview, Industry Growth and Forecast to 2028

The advanced sterilization products market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2022-2028). The major factors driving the growth of the market include the rising need for hospital beds and intensive care units (ICUs), the expansion of isolation facilities, and rising consumer awareness of sterilizing goods and services for medical equipment and single-use products. Regulatory organizations all across the globe have taken various actions in response to the COVID-19 pandemic's mounting burden. For instance, in March 2020, the FDA recommended that Sterigenics should restart its ethylene oxide-based sterilizing factory in the US. The factory was shut down owing to dangerous pollutants that were thought to be carcinogenic. The firm was granted authorization to reopen the factory for 21 days to disinfect personal protective equipment (PPE) for healthcare workers during the COVID-19 pandemic.

The global advanced sterilization products market is segmented based on product type, consumables & accessories, and end-user. Based on product type, the market is sub-segmented into dry heat, ethylene oxide, e-beam, and steam. Among these product types, the dry heat segment is expected to propel the growth of the market due to its high efficiency in killing bacteria. Based on consumables & accessories, the market is sub-segmented into pouches, lubricants, and others. Based on end-user, the market is sub-segmented into hospitals, pharmaceutical companies, medical devices companies, clinical laboratories, and others.

The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2021, Advanced Sterilization Products (ASP) released major improvements to their STERRAD Sterility Guide (SSG), a trusted source of up-to-date sterilization information for over a decade.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Product Type
•By Consumables & Accessories
•By End-User
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Getinge AB, 3M Co., Sotera Health, Merck & co. Inc., Cosmed Group, Life Science Outsourcing Inc., Systec GmbH, Continental Equipment Co. Ltd., Midwest Sterilization Corp., and ACMAS Technologies Pvt. Ltd., among others.

A full report Advanced Sterilization Products Market of is available at:  https://orionmarketreports.com/advanced-sterilization-products-market/101524/

Global Advanced Sterilization Products Market Report by Segment
By Product Type
•Dry Heat
•Ethylene Oxide
•E-Beam
•Steam
By Consumables & Accessories
•Pouches
•Lubricants
•Others
By End-User
•Hospitals
•Pharmaceutical Companies
•Medical Devices Companies
•Clinical Laboratories
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.