Friday, 26 April 2019 09:41 GMT

Global Sterilization Equipment Market Outlook to 2023 - Radiation Sterilization Segment is Expected to Grow at the Fastest CAGR During the Forecast Period

(MENAFN - PR Newswire)

DUBLIN, Nov. 8, 2018 /PRNewswire/ --

The "Sterilization Equipment Market By Product And Service [Equipment (Moist Heat, Dry Heat, Hydrogen Peroxide, Ethylene Oxide), Consumables (Sterilization Indicators, Sterilant Cassettes), Services (E-Beam, EtO, Gamma)] - Global Forecast To 2023" report has been added to's offering.

The global sterilization market is expected to grow at a CAGR of 7% from 2018 to reach USD 10.51 billion by 2023, driven by the factors such as increasing volume of surgeries performed globally, growing need to reduce occurrences of HAIs, and focus on reducing the cost of healthcare by minimizing hospital readmissions attributed to HAIs.

Furthermore, the technological advancements in the medical device industry and increasing need for advanced sterilization equipment are expected to drive the technological growth of the sterilization equipment market by 2023.

The low temperature sterilizers segment dominated the sterilization equipment market. However, the radiation sterilization segment comprising, e-beam and gamma sterilizers is expected to grow at the fastest CAGR during the forecast period, owing to their benefits, such as shorter sterilization cycle time, lower cost of sterilization, and compatibility with majority of the advanced medical devices available in the market.

An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. North America accounted for the largest share of the sterilization technologies market in 2017.

However, during the forecast period, the APAC market is expected to register the fastest CAGR. The growth in this geographic market is primarily attributed to the government initiatives to improve healthcare infrastructure in this region, increasing number of hospitals in this region, and rising number of surgeries being performed and thereby growing demand for sterilized instruments. India and China represent the fastest growing markets in this region and globally as well.

The major players operating in the sterilization technologies market are Steris, Getinge, Sotera Health, Advanced Sterilization Products, 3M, Belimed, MMM Group, Matachana Group, and Cantel Medical.

While there are numerous regional and local players in the sterilization equipment and consumables market, the contract sterilization services market is dominated by Steris and Sotera Health.

Some of the other key players in the contract sterilization services market are Cretex Companies, Medistri, COSMED Group, E-BEAM Services, Cantel Medical, Stryker Corporation, and Centurion Medical Products.

Key Topics Covered

1. Introduction1.1. Market Definition1.2. Market Ecosystem1.3. Currency and Limitations1.3.1. Currency1.3.2. Limitations1.4. Key Stakeholders2. Research Methodology2.1. Research Process2.1.1. Secondary Research2.1.2. Primary Research2.1.3. Market Size Estimation3. Executive Summary3.1. Introduction3.2. Market Dynamics3.3. Product Segment Analysis3.4. Regional Analysis3.5. Competitive Analysis4. Market Overview4.1. Overview4.2. Drivers4.2.1. Growing Need to Curtail Hospital-Acquired Infections4.2.2. Growth in the Number of Surgical Procedures4.2.3. Rising Demand of Sterilization in Food Industry to Prevent Food-Borne Diseases4.2.4. Increasing Sterilization Demand from Pharmaceutical and Biotechnology Industries4.3. Restraints4.3.1. Harmful Effects of Ethylene Oxide4.3.2. Concerns Regarding the Safety of Reprocessed Instruments4.4. Opportunities4.4.1. Growing Demand of Sterilization Technologies in Emerging Markets4.4.2. Rising Demand for E-Beam Sterilization4.5. Challenges4.5.1. Growing Adoption of Advanced Medical Instruments Driving Complexity of Sterilization4.5.2. End-User Noncompliance with Sterilization Standards5. Sterilization Equipment Market, by Technology5.1. Overview5.2. Heat Sterilization Equipment5.2.1. Moist Heat Sterilizers5.2.2. Dry Heat Sterilizers5.3. Low Temperature Sterilization Equipment5.3.1. Hydrogen Peroxide / Gas Plasma Sterilizers5.3.2. Ethylene Oxide Sterilizers5.3.3. Ozone-Based Sterilizers5.3.4. Formaldehyde Sterilizers5.3.5. Other Low Temperature Sterilizers5.4. Radiation Sterilization Equipment5.5. Filtration Sterilization Equipment6. Sterilization Consumables Market, by Product6.1. Overview6.2. Sterilization Indicators6.3. Sterilant Cassettes6.4. Other Sterilization Consumables & Accessories7. Sterilization Services Market, by Type7.1. Overview7.2. Ethylene Oxide Sterilization Services7.3. Gamma Sterilization Services7.4. E-Beam Sterilization Services7.5. Steam Sterilization Services7.6. Other Sterilization Services8. Sterilization Technologies Market, by End User8.1. Overview8.2. Hospitals and Clinics8.3. Medical Device Companies8.4. Food and Beverages Industry8.5. Pharmaceutical Companies8.6. Other End Users9. Sterilization Technologies Market, by Region9.1. Overview9.2. North America9.2.1. U.S.9.2.2. Canada9.3. Europe9.3.1. United Kingdom9.3.2. Germany9.3.3. France9.3.4. Spain9.3.5. Italy9.3.6. Rest of Europe9.4. Asia-Pacific9.4.1. Japan9.4.2. China9.4.3. India9.4.4. Rest of Asia Pacific9.5. Latin America9.6. Middle East & Africa10. Competitive Outlook10.1. Competitor Benchmarking10.2. Market Share Analysis11. Company Profiles 11.1. Steris Corporation11.2. 3M Company11.3. Getinge AB11.4. MMM Group11.5. Belimed AG (Subsidiary of Metall Zug Group)11.6. Matachana Group11.7. Sotera Health11.8. Cardinal Health11.9. Advanced Sterilization Products (J & J)11.10. Cantel Medical

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SOURCE Research and Markets

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Global Sterilization Equipment Market Outlook to 2023 - Radiation Sterilization Segment is Expected to Grow at the Fastest CAGR During the Forecast Period


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