Sterilization Equipment Market Value Share, Analysis and Segments 2017-2027
Global Sterilization Equipment Market: Market Dynamics
With the growth of geriatric population and increasing concern over post-operation acquired infection and diseases, the demand for sterilized equipment is increasing significantly. The increasing investment in healthcare infrastructure and focus over public health by introducing stringent regulations regarding medical equipment is positively influencing and propelling the global sterilization equipment market. However, in relatively emerging economies and countries, the high cost of sterilization equipment acts as a barrier and challenges revenue sales growth of the sterilization equipment market. Not only the utilisation is limited to medical application, but also the food and beverage industry is a prime application segment of sterilization equipment market. With prominent consumption in cleaning and disinfecting container and packages, the thriving sector is expected to create significant revenue opportunities during the forecast period. Sterilization equipment market participants are focusing over the development of equipment catering to a wider scope of tools and having extensive disinfecting properties. The sterilization equipment market is expected to witness a growing trend of outsourcing sterilizing services to independent operators during the forecast year.
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Global Sterilization Equipment Market: Segmentation
On the basis of product type, the global sterilization equipment market can be segmented as following:
Low Temperature Sterilization
Ethylene oxide sterilization
Vaporized hydrogen peroxide
The global sterilization equipment market can be segmented on the basis of technology as:
Steam-flush pressure pulse
Global Sterilization Equipment Market: Regional Outlook
North America sterilization equipment market accounts for maximum revenue contribution during the forecast period. Followed by North America, Western Europesterilization equipment market is expected to contribute significant revenue share during the forecast period owing to increasing demand for medical devices from key markets such as Germany, France and Nordics. The evolving healthcare infrastructure in Asia Pacific spearheaded by India, China and ASEAN is expected to create significant revenue and unit sales opportunities for manufacturers in the region. Pivotal focus over healthcare spending and government initiatives to improve medical services is expected to moderately increase the consumption of sterilization equipment moderately in Japan. Likewise, increased investment for medical services in the Middle East and Africa has propelled the demand for sterilization equipment. Even though the revenue contributions of Eastern Europe and Latin America sterilization equipment market are relatively low, escalating number of small and medium medical facilities are expected to register relatively higher revenue growth during the forecast period.
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Global Sterilization Equipment Market: Market Participants
Examples of some of the market participants in the global sterilization equipment market include Tuttnauer, Steris Corporation, Cantel Medical Corporation, Matachana Group, Celitron Medical Technologies Kft, Getinge Group, Belimed Ag, which is a part of A Metall Zug Group, MME group Inc, Anderson Products, Inc, MMM Group and Nanosonics Ltd among other key participants in the global Sterilization Equipment Market.
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