Sterilization Equipment Market to grow up to USD 9.8 billion by 2031, at a CAGR of 8.8%

New York, The Global Sterilization Equipment Market was valued at USD 4.2 billion in 2021 and it is anticipated to grow up to USD 9.8 billion by 2031, at a CAGR of 8.8% during the forecast period.

Global Sterilization Equipment Market report from Global Insight Services is the single authoritative source of intelligence on Sterilization Equipment Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Sterilization Equipment Market here: https://www.globalinsightservices.com/reports/sterilization-equipment-market/

Sterilization equipment is used in healthcare facilities to eliminate pathogenic microorganism like viruses, bacteria, fungi and spores from the surface of an article. It is widely utilized in autoclave machines, clean in place(CIP) systems, ultraviolet chambers and steam, dry and heat and liquid chemical process to prevent the risk of cross contamination and ensure the safety of staff and patient.

Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS10360/

Market Trends and Drivers
Growing prevalence of hospital-acquired infections (HAIs) will positively impact the market growth during the forecast period. Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patients stay at hospitals and related facilities and are not observed at the time of admission. Over the years, they have become a major cause of morbidity and mortality worldwide.

Get Customized Report as Per Your Requirement: https://www.globalinsightservices.com/request-customization/GIS10360/

Global Sterilization Equipment Market Segmental Overview
The report analyses the global sterilization equipment market based on product, end use, and region.

Global Sterilization Equipment Market by Product

Based on product, it is segmented into heat sterilization, low temperature sterilizers, sterile membrane filters, radiation sterilization devices, and consumables & accessories. The low temperature sterilization segment accounted for the largest share of the global sterilization equipment market in 2021. This is due to the increasing incidence of infectious disease coupled with increasing need for sterilization of heat and moisture sensitive equipment with complex design. This technique involve ETO sterilization, hydrogen peroxide gas plasma. Additionally, the use of expensive complex, and delicate medical instrument that are difficult to sterilize is fueling the demand.

Global Sterilization Equipment Market by End-use

Based on end-use, it is segmented into hospital & clinics, biotech and pharmaceutical companies, food and beverage industry and others. The hospitals & clinics segment was the major shareholder in the sterilization services market, owing to surge in prevalence of hospital-acquired infections (HAIs), increase in number of pharmaceutical companies, rise in adoption of single-use medical devices, and increase in outsourcing of sterilization services among pharmaceutical & medical device companies across the globe.

Geographical Analysis of Global Sterilization Equipment Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the sterilization services market and accounted for the largest revenue share in 2021 and expected to witness considerable growth over the forecast period. Growing demand and adoption of sterilization services because of the rising focus on healthy lifestyles and disease prevention among consumers. A surge in the geriatric population in the coming years and the subsequent increase in the prevalence of chronic diseases, the need for sterilization services to minimize the prevalence of HAIs, and implementation of favorable government initiatives and stringent regulations for sterilization services are also propelling the sterilization services market in the region.

Major Players in the Global Sterilization Equipment Market
The key players in the market are Getinge AB (Sweden), STERIS Plc (U.S.), 3M (U.S.), Sotera Health. (U.S.), Fortive (U.S.), Cardinal Health (U.S.), Metall Zug Group (Switzerland), Stryker (U.S.), Merck KGaA (Germany), MMM Group (Germany) and among others.

Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS10360/

With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology

Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.