Sterilization Equipment Market Rising At 8.8% CAGR To Register USD 6.93 Billion By 2021
The worldwide research on sterilization equipment market is segmented by product; consumables and accessories market, by type; sterilization services market, by site of sterilization; end user; and region.
Pune, India – December 15, 2016 /MarketersMedia/ —
The global sterilization equipment market is poised to reach USD 6.93 billion by 2021 from USD 4.69 billion in 2016, at a CAGR of 8.8%. Factors such as rising incidences of hospital-acquired infections, increasing number of hospitals and hospital sterilization procedures in Asia, increasing number of surgical procedures, rising aging population, growing number of pharmaceutical companies in Asia, and growth of the food & beverage industry worldwide are contributing to the growth of the sterilization equipment market. However, factors such as regulatory compliance issues and saturated developed markets are restraining the growth of this market during the forecast period.
Complete report on global sterilization equipment market spread across 215 pages, profiling 10 companies and supported with 206 tables and 36 figures is now available at http://www.reportsnreports.com/reports/210548-sterilization-market-eto-sterilization-e-beam-gamma-steam-vapor-hydrogen-peroxide-vhp-hydrogen-gas-plasma-ozone-medical-devices-pharmaceutical-healthcare-food-applications-equipments-contract-services-global-forecast-to-2017.html .
On the basis of product, the sterilization equipment market is segmented into heat sterilization/high-temperature sterilization equipment, low-temperature sterilization equipment, ionizing radiation sterilization equipment, and filtration sterilization equipment. The heat sterilization/high-temperature sterilization segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the rise in the number of mergers and acquisitions by key players in this market to expand their product portfolios.
On the basis of type, the sterilization consumables and accessories market is segmented into detergents, sterilization indicators, pouches, sterilization accessories, and lubricants. The sterilization indicators segment is expected to grow at the highest CAGR during the forecast period. The growth in this market segment can be attributed to the increasing number of surgeries performed worldwide, resulting in a growth in demand for sterilization products and hospital sterilization procedures to reduce the incidence of HAIs.
Major players in the sterilization equipment market include are STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Anderson Products, Inc. (U.S.), Matachana Group (S.A.), MMM Group (Germany), and Sterigenics International, Inc. (U.S.). Request a discount on a copy of Sterilization Equipment Market by Product (Moist Heat, Dry Heat, Ethylene Oxide, Filtration, E-beam, Gamma), Services (Onsite & Offsite), Consumables (Indicators, Detergents, Pouches) & End User (Hospitals, Pharmaceuticals) – Global Forecast to 2021 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=210548 .
On the basis of site of sterilization, the sterilization services market is further segmented into offsite and onsite sterilization. The offsite segment is expected to account for the largest share of the market in 2016. This growth can be attributed to the advantages of offsite sterilization over in-house sterilization. These advantages, coupled with the rising focus on cost-containment and another major factor driving this market is the increasing number of contract sterilization service providers offering better services to clients.
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