Global Steam Autoclave Market is expected to rise to US$2.57 bn by 2024)

Rising Prevalence of Nosocomial Infections and Increased Number of Surgeries to Drive Adoption of Steam Autoclave Systems Globally, states TMR

Transparency Market Research suggests that the global steam autoclave market will expand at a healthy 5.7% CAGR over the period between 2016 and 2024. The market, which had a valuation of US$1.57 bn in 2015, is expected to rise to US$2.57 bn by 2024.

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The Global Steam Autoclave Market is segmented on the basis of expression system, product type ,by Technolog,by Geography, application, end user and region.

The market has witnessed the introduction of several technologically advanced and increasingly effective products such as E-beam and gamma irradiation, which are further boosting the market’s growth prospects. High product compatibility and low cost of these new products are expected to help the global steam autoclave market gain significant momentum over the forecasting horizon.

However, the increased usage of disposable devices across healthcare settings, which are not meant to be reused and require little or no sanitization over their usable life, could emerge as a major restraint for the overall growth of the market. Moreover, the imposition of excise duty taxes on the manufacturers of medical devices is also expected to hamper the overall profitability of steam autoclaves for vendors, thus resulting in increased product prices.

This factor could also have a negative impact on the market’s growth prospects, especially in cost-sensitive developing regions.In terms of popularity of product varieties available in the market, including traditional steam autoclaves and tabletop steam autoclaves, the market is again highly consolidated. The segment of traditional autoclaves accounted for a share of over 91% in the market in 2015. The segment is also expected to expand at the highest CAGR of 5.8% over the period between 2016 and 2024. North America was the leading regional market in 2015, with nearly 40% share in the market in terms of revenue in 2015.

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Summary of Table of Content:

1. Preface
2. Executive Summary
3. Steam Autoclave Market - Industry Analysis
4. Market Segmentation - By Product
5. Market Segmentation - By Indicator
6. Market Segmentation - By Technology
7. Market Segmentation - By End-User
8. Market Segmentation - By Geography
9. Company Profiles

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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