Press release
Sterilization Equipment Market Size, Share - Industry Growth 2021
Sterilization Equipment
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The global sterilization equipment market is poised to reach USD 6.93 billion by 2021 from USD 4.69 billion in 2016, at a CAGR of 8.8%. The sterilization equipment market is segmented by product; consumables and accessories market, by type; sterilization services market, by site of sterilization; end user; and region. Factors such as rising incidences of hospital-acquired infections, increasing number of hospitals and hospital sterilization procedures in Asia, increasing number of surgical procedures, rising aging population, growing number of pharmaceutical companies in Asia, and growth of the food & beverage industry worldwide are contributing to the growth of the sterilization equipment market. However, factors such as regulatory compliance issues and saturated developed markets are restraining the growth of this market during the forecast period.
On the basis of product, the sterilization equipment market is segmented into heat sterilization/high-temperature sterilization equipment, low-temperature sterilization equipment, ionizing radiation sterilization equipment, and filtration sterilization equipment. The heat sterilization/high-temperature sterilization segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the rise in the number of mergers and acquisitions by key players in this market to expand their product portfolios.
On the basis of type, the sterilization consumables and accessories market is segmented into detergents, sterilization indicators, pouches, sterilization accessories, and lubricants. The sterilization indicators segment is expected to grow at the highest CAGR during the forecast period. The growth in this market segment can be attributed to the increasing number of surgeries performed worldwide, resulting in a growth in demand for sterilization products and hospital sterilization procedures to reduce the incidence of HAIs.
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Key Points From Table Of Content :
Company Profiles :
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
• Introduction
• Steris Corporation
• Getinge Group
• Advanced Sterilization Products and Services (J&J)
• M Company
• Belimed Ag (A Metall Zug Group Company)
• Matachana Group
• Sterigenics International, Inc.
• MMM Group
• Cantel Medical Corporation
• Anderson Products, Inc.
Premium Insights :
• Sterilization Equipment and Services Market
• Sterilization Equipment and Services Market, By End User
• Geographical Snapshot of the Sterilization Equipment and Services Market
• Sterilization Consumables and Accessories Market, By Type
• Lifecycle Analysis, By Region
Research Coverage:
Apart from comprehensive regional and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise basic views on the key players in the sterilization equipment market and product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, regional focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
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