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Steam Autoclaves Global Market Analysis, Trends, Growth, Research And Forecast 2033
Steam Autoclaves Global Market Analysis
According to The Business Research Company's, The steam autoclaves market size has grown strongly in recent years. It will grow from $3.03 billion in 2023 to $3.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increased healthcare expenditure, rise in hospital acquisitions, focus on patient safety, cost-effective sterilization solutions, globalization of healthcare.
The steam autoclaves market size is expected to see strong growth in the next few years. It will grow to $4.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rise in outpatient procedures, enhanced data security measures, increased adoption in dental clinics, focus on energy efficiency. Major trends in the forecast period include automation integration, sterilization validation technologies, material innovations, compact and portable designs, customization for specific applications.
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Market Drivers and Trends:
Rising incidences of hospital-acquired infections are expected to propel the growth of the steam autoclave market going forward. Hospital-acquired infections can be the infections a person gets while receiving treatment at a healthcare facility. Steam autoclaves are used in hospitals for sterilizing all equipment to prevent healthcare-associated infections that can affect a person staying in the hospital. For instance, according to a May 2022 report by the World Health Organization, a Switzerland-based specialized agency of the United Nations, seven patients in high-income nations and 15 patients in low- and middle-income countries contract at least one healthcare-associated infection (HAI) during their hospital stay per 100 patients in acute-care hospitals, and on average, every ten people who are impacted by a healthcare-associated infection die as a result of the infection. Furthermore, in 2021, according to the report published by the Centers for Disease Control and Prevention, a US-based national public health agency, every day, approximately one out of 31 US patients, and 1 resident out of 43 nursing home residentscontract at least one infection in association with their healthcare. Therefore, rising incidences of hospital-acquired infections are driving the growth of the steam autoclave market.
Technological advancements are a key trend in the steam autoclave market. Major market players operating in the steam autoclave market are concentrating their efforts on introducing new and advanced technologies to strengthen their position in the market. For instance, in December 2021, Priorclave, a UK-based manufacturer of autoclaves and sterilizers, launched a new range of autoclaves such as the BASE laboratory autoclaves. The new series of autoclaves use the latest version of Tactrol3 technology, a microprocessor controller developed by Priorclave for the easy programming of the sterilizing cycles. This new Baseline of laboratory and research-grade autoclaves includes benchtop models with 40- and 60-liter chamber capacities, front-loading cylindrical chamber models with capacities ranging from 100 to 400-liters, and top-loading autoclaves with 60- and 85-liter sterilizing capacities. Priorclave has created rectangular chamber autoclaves with capacities of up to 850 liters where higher sterilizing capacities are required.
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Major Key Players of the Market:
Astell Scientific Ltd.; Belimed GmbH; BMM Weston Ltd.; Celitron Medical Technologies Kft; Consolidated Sterilizer Systems; Getinge Group; Matachana; Medi Safe International; Eryigit Medical Devices Inc.; Hirayama Manufacturing Corporation; Priorclave Ltd.; LTE Scientific Ltd.; MELAG Medizintechnik GmbH & Co. KG; Tuttnauer Co. Ltd.; Benchmark Scientific Inc.; TESALYS Group; PHC Holdings Corporation; Rodwell Autoclave Company; BMT Medical Technology S.R.O.; Labtron Equipment; R. Espinar S.L.; Steris Corporation; ZIRBUS technology GmbH; Shinva Medical Instruments Co. Ltd.; SAKURA SEIKI Co.Ltd.; Microbiology International; Johnson and Johnson Services Inc.; Systec GmbH & Co. KG; Bioquell Ltd.; Wuxi Med-Clean Equipment Co. Ltd.
Steam Autoclaves Market 2024 Key Insights:
• The steam autoclaves market will grow to $4.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Surge In Hospital-Acquired Infections Propels Growth In The Steam Autoclave Market
• Technological Advancements Redefining The Steam Autoclave Market
• North America was the largest region in the steam autoclave market in 2023
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