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Rising Demand for Infection Control Measures Drives Growth of the Sterilization Technologies Market
Sterilization Technologies Market
According to the report, the global sterilization technologies industry was pegged at $7.20 billion in 2020, and is expected to reach $12.78 billion by 2030, growing at a CAGR of 5.9% from 2021 to 2030.
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The market for sterilization technologies includes a variety of products, such as sterilizers, disinfectants, and sterilization accessories, as well as services such as sterilization validation and contract sterilization. The market is driven by increasing awareness of the importance of infection control and the need to prevent the spread of hospital-acquired infections. Additionally, the market is expected to continue growing as the demand for healthcare services continues to increase globally.
COVID-19 scenario-
The outbreak of COVID-19 is expected to impact the growth of the global sterilization technologies market positively. The rapid spread of COVID-19 boosted the demand for sterilization equipment and services due to rise in cases of HAIs in hospital settings.
The rise in healthcare expenditure due to the Covid-19 outbreak and increase in number of temporary hospitals are propelling the growth of the market.
Factors such as rise in demand for hospital beds and intensive care units (ICUs), the expansion of isolation facilities, and increased consumer awareness of sterilizing products and services for medical devices and single-use products have all fuelled sterilization products and service demand.
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The Sterilization Technologies Market can be segmented based on the type of technology used for sterilization, the end-users, and the geography.
Technology Segmentation: Sterilization technologies can be divided into several types, including heat sterilization, radiation sterilization, chemical sterilization, and filtration sterilization. Each technology has its advantages and disadvantages and is used in different applications based on the specific sterilization requirements.
End-User Segmentation: The end-users of sterilization technologies include hospitals, clinics, pharmaceutical companies, biotechnology companies, medical device manufacturers, and research laboratories. Each end-user has its unique requirements for sterilization based on the type of products they produce or use.
Geographic Segmentation: The market for sterilization technologies is geographically diverse and is divided into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Each region has its market dynamics and requirements based on the local healthcare infrastructure, regulatory environment, and economic conditions.
By analyzing the market based on these segments, companies can identify the specific needs of their target customers and develop products and services that meet those needs.
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Here are the top 10 companies in the Sterilization Technologies Market based on their market share, revenue, and product portfolio:
STERIS Corporation
3M Company
Cantel Medical Corporation
Advanced Sterilization Products Services, Inc.
Belimed AG
Getinge AB
Matachana Group
MMM Group
Tuttnauer Company Ltd.
Beta Star Life Science Equipment
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