Sterilizers and Surgical, Dental Care and Equipment Disinfectors Market Poised to Register 8.20% CAGR through 2020
Over the coming years, they are expected to increase investments in research and development initiatives and construction of new production units to remain strong in the highly competitive environment of this market, reports the research study.
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As per the report, the opportunity in the India market for sterilizers and surgical, dental care and equipment disinfectors is estimated to proliferate at a CAGR of 8.20% during the period from 2014 to 2020 and reach INR 1,390.2 Cr. by the end of the forecast period. These sterilizers and surgical, dental care and equipment disinfectors find substantial application in hospitals and dental care centers in this country.
The demand for these disinfectors is much higher in post-operative stage. Operating rooms, ICUs, and nursing tables have surfaced as the leading end users of these disinfectors. Chlorhexidine gluconate-based formulations enjoy a greater demand than other formulations and is expected to remain so over the next few years, states the market report.
Increasing Prevalence of HAIs to Fuel Demand for Sterilizers and Surgical, Dental Care and Equipment Disinfectors in India
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According to a TMR analyst, “the market for sterilizers and surgical, dental care and equipment disinfectors in India has gained a significant momentum.” The increasing cases of hospital acquired infections (HAIs) has fueled the demand for these disinfectors across the economy. The escalating number of surgeries and spread of various surgery-related infections are also boosting the need for these sterilizers and disinfectors considerably.
Going forward, the ongoing expansion in the Indian medical and healthcare industry and the increasing pool of hospitals and nursing homes are likely to benefit the India market for sterilizers and surgical, dental care and equipment disinfectors. The significant rise in the number of patients and the surge in disposable income levels of consumers are also projected to propel this market over the next few years, states the research report.
Negligence Regarding Sterilization to Slowdown Market’s Growth
Although the demand for sterilizers and surgical, dental care and equipment disinfectors is rising remarkably in this country, the market may face serious challenges from the dearth of knowledge and negligence pertaining to sterilization in the near future. The lack of skilled medical professionals and an increasing shift toward the usage of disposable medical devices will also hinder the market’s growth over the forthcoming years.
Nevertheless, the increasing governmental support, in terms of various awareness programs and capital funding, is likely to assist this market in normalizing the effect of these restraints, notes the research study.
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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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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