openPR Logo
Press release

Steam Autoclave Market is Expected to Rise at a 5.7% CAGR from 2016 to 2024

03-09-2018 09:02 AM CET | Health & Medicine

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Steam Autoclave Market is Expected to Rise at a 5.7% CAGR from 2016

Steam Autoclave Market: Snapshot

The global steam autoclave market is extremely consolidated and intensely competitive. The presence of a very small number of companies commanding a vast share in the global market has rendered the market difficult to penetrate for new companies. Despite this fact, the market presents promising growth opportunities for companies introducing technologically advanced products, a trend evident from the high consumption of products based on E-beam and gamma irradiation technologies in the past few years.

The vast rise in the global demand for steam autoclaves in the past few years can be attributed to the increased prevalence of a number of infectious diseases, a huge surge in surgical procedures, and an alarming rise in the numbers of hospital-acquired infections. Rising demand for improving healthcare services across developing regional markets such as Asia Pacific, owing majorly to rising healthcare expenditures and an expanding base of geriatric population.

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.

Get Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3997

Developed Economies to Remain Dominant

North America emerged as the clear leader in the global steam autoclave market in 2015, accounting for a nearly 40% share in the market’s overall revenue. Estimates suggest that in U.S. alone in the region, nearly 5 million endoscopies and about 46.5 million surgeries are undertaken every year. The severity of hospital-acquired infections in the country can be estimated from the fact that nearly 8.3 patients out of every 1,000 patients admitted in New York state hospitals in 2012 acquired hospital-onset Clostridium difficile infections (CDI). The numbers are rising at an alarming pace.

These factors have collectively influenced the increased adoption of effective sanitization practices and devices in healthcare settings in North America. Strict rules aimed at enhanced safety of patients at healthcare facilities is also a major factor influencing the increased adoption of steam autoclaves in Europe, the second-largest steam autoclave regional market in 2015.

Get Brochure of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3997

Emerging Economies to Present Most Promising Growth Opportunities

The high prevalence of infectious diseases, a vast and alarmingly rising population base of geriatric people in Asia Pacific are expected to help the steam autoclave develop on a promising scale in the region in the next few years. The rising demand for high-quality healthcare services from the increasingly affluent consumer base will stimulate the improvement of healthcare infrastructure in countries such as India, China, and parts of Latin America, further driving the market.

The market for steam autoclave in Asia Pacific is expected to expand at the fastest CAGR of 7.9% CAGR from 2016 to 2024 among other key regional markets. The market in Latin America is expected to exhibit the second-largest CAGR of 6.9% over the same period.

Sales of Traditional Steam Autoclaves Continue to Rise

Of the two key varieties of steam autoclave systems available in the market – traditional steam autoclaves and tabletop steam autoclaves, the segment of traditional steam autoclave is presently leading the global market. The segment accounted for a share of over 91.7% in the global market in 2015 and is projected to expand at the highest CAGR over the forecasting horizon, maintaining its dominance in the near future as well.

Enquiry for discount on this report –https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3997

The prominence of these product types can be attributed to their extensive usage in almost all major application areas such as pharmaceutical laboratories and medical devices. Additionally, traditional steam autoclaves are also considered highly efficient for sterilizing a large number of medical devices at the same time, making them more practical in large medical setups.

The top three companies, which accounted for a share of over 70% in the global steam autoclave market in 2015, are STERIS, Getinge Group, and Johnson & Johnson. Other prominent vendors in the market include 3M Health Care, Matachana Group, Belimed Group, CISA Group, CISA Group, and SAKURA SI CO., LTD.

View report :https://www.transparencymarketresearch.com/steam-autoclave-market.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Steam Autoclave Market is Expected to Rise at a 5.7% CAGR from 2016 to 2024 here

News-ID: 971410 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and