FELTON, California,
August 21, 2017 /PRNewswire/ --
The global sterilization equipment market size was worth
USD 4.3 billion in 2016 which is
anticipated to grow at a CAGR of more than 9.5% during the forecast
period. Various factors, which led to such huge market growth,
include increase in the aging population, rise in the number of
surgeries conducted, and surging incidences of chronic diseases.
Also, there are number of changes in the government policies and
regulations which in a way is helping the sterilization equipment
market to grow and advance. Such changes in the policies have
resulted in increase in the adoption of sterilization equipment by
various hospitals and diagnostic centres.
Similarly, increase in the number of government initiatives,
which are stringent enough to ensure utmost quality of the product,
is making way for the sterilization equipment market to grow.
Advancement in technologies of sterilization equipment such as
gamma ray filtration, radiation, microfiltration and many more have
created wide scope for sterilization equipment in the food
industry.
The heat sterilization technique captured the largest market
share in 2016 in which hydrated state is preferred more than dry
state due to its greater reliability in use. It is estimated that
the low temperature market segment is expected to grow at the
highest CAGR due to compatibility with thermo-labile products,
lesser complex in handling and monitoring. The introduction of
various advancements in technology of the equipment for
sterilization technique has led to better business expansion and
penetration to various regions around the globe.
The hospital segment captured the largest market share in the
year 2016, due to growing infection burden, rising number of
surgeries performed, advancing technologies and rise in the number
of patients being admitted. The ever-increasing need for quality
assurance and quality control by pharmaceutical company in its
manufacturing and storage processes resulted it to be the second
largest segment in the global market.
Browse full research report with TOC on
"Sterilization Equipment Market Size & Forecast
Report, 2014 - 2025" at:
https://www.millioninsights.com/industry-reports/sterilization-equipment-market
North America dominated the
sterilization equipment industry having largest revenue share in
2016. Increasing incidences of disease caused by a number of
infections, rise in the use of reusable surgical equipment, greater
advancement in technology is leading to greater market share of the
region.
Some of the top companies operating in this industry are STERIS
Corporation; Advanced Sterilization Products Services, Inc.;
Getinge Group; 3M; Cantel Medical; Belimed; and others.
A huge pool of companies is focused towards advancing the
sterilization equipment technology after thorough research and
development in this sector. The most common strategy opted by
companies are through mergers acquisitions and collaboration in
order to gain the maximum market share in the industry.
Browse reports of similar category
available with Million Insights:
- Air Ambulance Services Market - Global air ambulance
services market size was worth USD 3.7
billion in 2016 which is anticipated to grow at a CAGR of
more than 9.3% during the forecast period.
- Pen Needles Market - Global pen needles market was
valued at USD 1.5 billion in 2015,
which is projected to grow at a CAGR of more than 13.0% during the
forecast period.
- Orthopedic Braces and Supports Market - Global
orthopaedic braces and supports market size was worth USD 3.1 billion in 2015 which is anticipated to
grow at a CAGR of more than 6.7% during the forecast period.
- Ophthalmic Lasers Market - Global ophthalmic lasers
market size was worth USD 1.0 billion
in 2016, which is anticipated to grow at a CAGR of more than 5.9%
during the forecast period.
Market Segmentation:
Sterilization equipment Technique Outlook (Revenue, USD
Million, 2014 - 2025)
• Heat sterilization
• Low-temperature sterilization
• Filtration sterilization
• Radiation sterilization
• Liquid sterilization
Sterilization equipment End-user Outlook (Revenue, USD
Million, 2014 - 2025)
• Hospitals
• Pharmaceutical companies
• Medical devices companies
• Clinical laboratories/research
centers
• Others
Sterilization equipment Regional Outlook (Revenue, USD
Million, 2014 - 2025)
• North
America
•
U.S.
•
Canada
• Europe
•
Germany
• UK
• Asia
Pacific
•
China
•
Japan
• Latin
America
•
Brazil
•
Mexico
• MEA
•
South Africa
About Million Insights:
Million Insights, is a distributor of market research reports,
published by premium publishers only. We have a comprehensive
market place, that will enable you to compare data points, before
you make a purchase. Enabling informed buying, is our motto and we
strive hard to ensure that our clients get to browse through
multiple samples, prior to an investment. Service flexibility &
the fastest response time are two pillars, on which our business
model is founded. Our market research report store, includes
in-depth reports, from across various industry verticals, such as
healthcare, technology, chemicals, food & beverages, consumer
goods, material science & automotive.
Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales@millioninsights.com
Web: https://www.millioninsights.com/