Sterilization Equipment Market: Exploring Growth Projections and Key Market Drivers

"
Anticipated Growth Trends and Key Players Leading the Sterilization Equipment Market

What Is The Projected Market Size Of The Global Sterilization Equipment Market And Its Growth Rate?
The sterilization equipment market is set to experience substantial growth in upcoming years due to various factors such as rising demand for infection control measures and expanding applications in diverse industries.
•The market value, beginning at $13.25 billion in 2024, is projected to increase to $14.68 billion in 2025, marking a compound annual growth rate (CAGR) of 10.8%.
•The growth during the historic period can be attributed to rising demand for single-use medical devices and expanding isolation facilities.
•Furthermore, the market size is expected to soar to $25.27 billion in 2029, showcasing a CAGR of 14.5%, indicating rapid growth for the coming years.
•This growth during the forecast period is predicted to stem from increasing demand for specialized resins, emerging infectious diseases, and emerging applications in advanced therapies.

What Is Driving the Growth in the Sterilization Equipment Market?
The growth in the sterilization equipment market is propelled by the rising incidences of hospital-acquired infections (HAIs). Such infections thrive in hospital settings, making the need for sterilization equipment in healthcare facilities paramount. For instance, in December 2022, the Government of the United Kingdom reported that between 2021 and 2022, 115,796 procedures led to 968 surgical site infections, thus necessitating more sterilization equipment.

Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5918&type=smp

Who Are the Key Players Driving Sterilization Equipment Market Growth?
The sterilization equipment market sees significant contribution from key players, including:
•STERIS plc
•Getinge AB
•3M Company
•Cardinal Health Inc.
•Fortive Corporation
•Stryker Corporation
•Cantel Medical Corp.
•MMM Group
•Merck KGaA
•Matachana Group

What Are The Key Trends In The Sterilization Equipment Market?
Notable trends in the sterilization equipment market are:
•Miniaturization
•Automation and robotics
•Wireless connectivity
•Smart sterilization cycles
•Multi-modal sterilization

What Are The Segments Of The Global Sterilization Equipment Market?
The global sterilization equipment market is segmented into:
•By Product: Sterilization Indicators, Detergents, Pouches, Lubricants, Sterilization Accessories
•By Equipment: High-Temperature Sterilization, Low-Temperature Sterilization, Filtration Sterilization, Ionizing Radiation Sterilization
•By End User: Pharmaceutical Companies, Hospitals And Clinics, Medical Device Companies, Food And Beverage Companies, Other End Users

Which Region Leads The Sterilization Equipment Market?
North America stands as the leading region in the sterilization equipment market as of 2024, with Asia-Pacific expected to emerge as the fastest-growing region in the forecast period. The sterilization equipment market spans across regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/sterilization-equipment-global-market-report

What Is Covered In The Sterilization Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Sterilization Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sterilization Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sterilization Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sterilization Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=5918&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

"Learn More About The Business Research Company
The Business Research Company offers comprehensive, data-rich research and insights. With over 15,000+ reports from 27 industries covering 60+ geographies and armed with 1,500,000 datasets, it thrives on in-depth secondary research and unique insights from industry leaders for informed decision-making. The Global Market Model (GMM) remains its premier market intelligence platform delivering comprehensive and updated forecasts."

This release was published on openPR.