Sterilization Equipment - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Sterilization Equipment Market is accounted for $12.10 billion in 2020 and is expected to reach $17.21 billion by 2028 growing at a CAGR of 4.5% during the forecast period. Factors such as increasing incidence of hospital-acquired infections, growing pharmaceutical and biotechnology industries, and rising geriatric population are driving the growth of the market. However, high cost associated with sterilization equipment across the globe is hampering the growth of the market.
Sterilization is a method of eradicating biological agents that specifically include transmissible agents. Sterilization equipment are a crucial part of the heath care setting owing to their extensive utilization for disinfecting and aiding in reprocessing tools and devices. These equipment are majorly utilized by the laboratories and the hospitals for the cleaning of medical devices and equipment to avoid the cross-contamination.
Based on the end user, the hospitals & clinics segment is anticipated to expand at a rapid pace during the forecast period owing to the growing number of hospitals in and the increasing number of surgical procedures. By geography, North America is going to have high growth during the forecast period which can be attributed to the growing geriatric population and the consequent rise in demand for healthcare services.
Some of the key players profiled in the Sterilization Equipment Market include 3M Group, Merck Kgaa, Continental Equipment Company, Andersen Products, Inc, De Lama Spa, C.B.M. S.R.L. Medical Equipement, MMM Group, Advanced Sterilization Products, Getinge Group, Cardinal Health, Belimed AG (A Metall Zug Group Company), Life Science Outsourcing, Inc, E-Beam Services, Inc, Cantel Medical, Cosmed Group, Inc, BGS Beta-Gamma-Service GmbH & Co. Kg, and Matachana Group.
• Sterilization Instruments
• Sterilization Consumables & Accessories
• Pre-Clinical Services
• Sterilization Services
• Forced Convention
• Natural Convention
• Steam-Flush Pressure Pulse
• Gravity Displacement
End Users Covered:
• Hospitals & Clinics
• Food & Beverages Industry
• Diagnostic Labs
• Medical Device Companies
• Ambulatory Surgical Centers
• Education and Research Institutes
• Pharmaceutical & Biotechnological Companies
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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