Surgical Procedures to Stimulate the Global Sterilization Equipment Market Growth at $8834.71 Million by 2028 1
Global Sterilization Equipment Market
As per Triton’s report, the global sterilization equipment market gathered revenue at $4519.48 million in 2019, and is likely to attain a CAGR of 7.73% by 2028.

A recent study by Triton Market Research titled ‘Global Sterilization Equipment Market’ entails the Global Analysis and Forecasts by Equipment (Ionizing Radiation Sterilization Equipment [E-Beam Radiation Sterilization Equipment, Gamma Sterilization Equipment, Other Ionizing Radiation Sterilization Equipment], Filtration Sterilization Equipment, Low-Temperature Sterilization Equipment [Hydrogen Peroxide Sterilization Equipment, Ethylene Oxide Sterilization Equipment, Ozone Sterilization Equipment, Other Low-Temperature Sterilization Equipment], High-Temperature Sterilization Equipment [Wet/Steam Sterilization Equipment, Dry Sterilization Equipment]), End-user (Pharmaceutical and Biotechnology companies, Food & Beverage Industry, Education and Research Institutes, Hospitals & Clinics, Other End-users), and Geography (Middle East and Africa, North America, Asia-Pacific, Europe, Latin America). 

The sterilization method helps eradicate microbes like bacteria and viruses in the environment that may spread diseases and infections. The sterilization process is followed in numerous industries, such as food, medical, and pharmaceutical.

 

Request Free Sample of the Global Sterilization Equipment Market Report @ https://www.tritonmarketresearch.com/reports/sterilization-equipment-market#request-free-sample

 

Triton’s research report denotes that the global sterilization equipment market is probable to develop at a CAGR of 7.73% during the estimated period of 2019-2028, while garnering a revenue of $8834.71 million by 2028.

The high prevalence of chronic diseases and injuries have surged the demand for surgical procedures. This also increases the need to follow precautionary measures, enhancing the need for sterilization equipment to clean medical equipment for surgeries, reducing the spread of infections. Hence, the rise in surgical procedures is one of the major factors driving the growth of the sterilization equipment market. However, the increase in the cost of sterilization equipment and regulations associated with harmful gases (for low-temperature sterilization equipment) are factors restricting the overall growth of the studied market.

The sterilization equipment market is broadly divided into equipment and end-user. Based on equipment, the market is broadly divided into ionizing radiation sterilization equipment, filtration sterilization equipment, low-temperature sterilization equipment, and high-temperature sterilization equipment. The ionizing radiation sterilization equipment is further branched into e-beam radiation sterilization equipment, gamma sterilization equipment, and other ionizing radiation sterilization equipment. As per low-temperature sterilization equipment, the division is into hydrogen peroxide sterilization equipment, ethylene oxide sterilization equipment, ozone sterilization equipment, and other low-temperature sterilization equipment. Whereas high-temperature sterilization equipment is bifurcated into wet/steam sterilization equipment and dry sterilization equipment. Lastly, the end-user segment is categorized into pharmaceutical and biotechnology companies, food & beverage industry, education and research institutes, hospitals & clinics, and other end-users.

Globally, North America is expected to become the fastest-growing market for sterilization equipment during the forecast period 2019-2028. The rise in the geriatric population, surge in the number of hospital-acquired infections, and elevated healthcare expenditure, are augmenting the market’s growth in the region. Moreover, the frequent development of low-temperature sterilization technology has resulted in improved instrument procession and reduction in the processing times. Additionally, the ionizing radiation sterilization equipment, along with chemical & gas sterilization, are expected to witness growth, which will simultaneously boost the sterilization equipment market in North America.

Andersen Products Inc, E-Beam Services Inc, MMM Group, Belimed AG, Matachana, Steris Corporation, 3M Company, Sotera Health, Stryker Corporation, Advanced Sterilization, Continental Equipment, Cardinal Health, Systec GmbH, Cantel Medical, and Getinge AB are leading competitors in this market.     

 

Purchase this Report @ https://www.tritonmarketresearch.com/reports/sterilization-equipment-market#purchase-option

 

Question & Answer: Sterilization Equipment Market

Question 1: What major factor is driving the growth of the sterilization equipment market?

Answer: The high prevalence of chronic diseases and injuries have surged the demand for surgical procedures. This also increases the need to follow precautionary measures, enhancing the need for sterilization equipment to clean medical equipment for surgeries, reducing the spread of infections. Hence, the rise in surgical procedures is one of the major factors driving the growth of the sterilization equipment market.

Question 2: What factors are restricting the sterilization equipment market’s growth?

Answer: The increase in the cost of sterilization equipment and regulations associated with harmful gases (for low-temperature sterilization equipment) are factors restricting the overall growth of the studied market. 

Question 3: Which region is likely to become the fastest-growing market for sterilization equipment market globally?

Answer: Globally, North America is expected to become the fastest-growing market for sterilization equipment during the forecast period 2019-2028. The rise in the geriatric population, surge in the number of hospital-acquired infections, and elevated healthcare expenditure, are augmenting the market’s growth in the region. Moreover, the frequent development of low-temperature sterilization technology has resulted in improved instrument procession and reduction in the processing times. Additionally, the ionizing radiation sterilization equipment, along with chemical & gas sterilization, are expected to witness growth, which will simultaneously boost the sterilization equipment market in North America.

Question 4: Which are the leading competitors in the sterilization equipment market?

Answer: Andersen Products Inc, E-Beam Services Inc, MMM Group, Belimed AG, Matachana, Steris Corporation, 3M Company, Sotera Health, Stryker Corporation, Advanced Sterilization, Continental Equipment, Cardinal Health, Systec GmbH, Cantel Medical, and Getinge AB are leading competitors in this market.     

 

 

Related Report:

Global Cleanroom Technology Market

The global cleanroom technology market is likely to surge during the forecast period of 2019-2027 at a CAGR of 6.12%, while generating revenue at $6164.10 million by 2027.

The demand for certified products is growing rapidly across industries. Moreover, several quality certifications have been made mandatory for manufacturing processes and products to maintain quality standards. Such quality standards require products to be processed within cleanrooms, to limit contamination. Hence, owing to these factors, the cleanroom technology market has observed significant growth over the years.

Factors such as increased demand for cleanroom technology, technological advancements, stringent regulatory standards, and growing concern about quality and safety of products, are mainly motivating the growth of the studied market. Additionally, development in emerging economies and rising opportunities for energy-efficient cleanroom products also open multiple avenues for the cleanroom technology market.

However, high initial installation cost, along with a lack of skilled workforce, is hampering the cleanroom technology market’s future. 

Media Contact
Company Name: Triton Market Research
Contact Person: Matt Dixson
Email: Send Email
Phone: +44 7441 911839
Address:196, wards wharf approach London E16 2EQ
Country: United Kingdom
Website: https://www.tritonmarketresearch.com/