Sterilization Equipment and Disinfectants Market Industry Outlook, Growth Prospects, Key Opportunities, Trends And Forecast 2019

Transparency Market Research has published a new report on the global sterilization equipment and disinfectants market. According to the report, the global sterilization equipment and disinfectants market was valued at US$5.1 bn in 2012 and is expected to reach US$9.1 bn by 2019 at an 8.50% CAGR therein. The report, titled ‘Sterilization Equipment and Disinfectants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’, states that the global sterilization equipment and disinfectants market is expected to expand rapidly due to factors such as the aging global population, rising number of surgeries, rising occurrence of diseases including tuberculosis and cancer, and rise in the number of infections.

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Sterilization equipment and disinfectants are primarily used to sanitize medical equipment, laboratory equipment, and pharmaceutical components. Various types of sterilization equipment and disinfectants are used to control infections that may spread through medical equipment.The global sterilization equipment and disinfectants market is segmented on the basis of geography, type, and application. The sterilization equipment market holds 70% of the global market based on revenue, and is expected to expand at a 9.10% CAGR by 2019. By type, the global sterilization equipment market is classified into heat sterilization equipment, low temperature sterilization equipment, filtration sterilization, and radiation sterilization equipment. The global disinfectants market, by type, is divided into low, intermediate, and high level disinfectants and oxidizing and non-oxidizing disinfectants. In terms of revenue, in 2012, the market for heat sterilization equipment held the highest market share and is expected to expand at an 8.60% CAGR till 2019. The low temperature sterilization equipment sector is predicted to develop at a 10.90% CAGR till 2019.

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By geography, the global sterilization equipment and disinfectants market is classified into North America, Europe, Asia Pacific, and Rest of the World. With a 40% market share, the North America sterilization equipment and disinfectants market dominated the global sterilization equipment and disinfectants market in 2012. Rising demand for non-disposable surgical equipment such as forceps, endoscopy devices, and distracters are the factors responsible for the rapid growth of the North America sterilization equipment and disinfectants market. The Asia Pacific sterilization equipment and disinfectants market is predicted to be the fastest developing market during the forecast period, developing at a 10.90% CAGR.

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Key players in the global sterilization equipment and disinfectants market have been introducing different sterilization products meant to be used for different applications. Some of the leading players in the global sterilization equipment and disinfectants market are Getinge Group, Nordion, Inc., Synergy Health Plc., STERIS Corporation, and Advanced Sterilization Products Services, Inc. By application, the global sterilization equipment and disinfectants market is classified into medical devices, life sciences, and pharmaceuticals. Factors such as a rise in geriatric population and increase in the number of surgeries are predicted to boost the growth prospects of the global sterilization equipment and disinfectants market throughout the predicted period.

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