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Global Sterilization Equipment Market by Product, Services, Consumables & End User - Forecast to 2023: An $11.14 Billion Opportunity - ResearchAndMarkets.com

October 9, 2018

DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “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 2023” report has been added to ResearchAndMarkets.com’s offering.

The global sterilization equipment market is expected to reach USD 11.14 Billion by 2023 from USD 7.94 Billion in 2018, at a CAGR of 7%.

The major factors driving the growth of this market are the rising incidence of hospital-acquired infections, increasing number of surgical procedures, rising focus on food sterilization and disinfection, technological advancements in sterilization equipment, and increasing number of hospitals in Asia.

On the basis of product and service, the sterilization equipment market is segmented into instruments, consumables & accessories, and services. In 2017, the instruments segment accounted for the largest share of the sterilization equipment market. The large share can be attributed to the growing incidence of HAIs and the growing volume of surgical procedures across the globe.

On the basis of end user, the sterilization equipment market has been segmented into hospitals and clinics, medical device companies, food and beverage industry, pharmaceutical companies, and other end users. The hospitals & clinics segment accounted for the largest share of the sterilization equipment market in 2017. The large share of this segment can be attributed to increasing incidence of healthcare-associated infections (HAIs), growing number of hospitals in Asian countries, and increasing number of surgical procedures.

The major players in the sterilization equipment market include Steris Corporation (US), Getinge Group (Sweden), Advanced Sterilization Products (US), 3M Company (US), Belimed AG (Switzerland), Cantel Medical (US), and Sterigenics International, Inc. (US).

Market Dynamics Drivers Rising Incidence of Hospital-Acquired InfectionsIncreasing Number of Surgical ProceduresRising Focus on Food Sterilization and DisinfectionTechnological Advancements in Sterilization EquipmentGrowth in the Pharmaceutical and Biotechnology IndustriesIncreasing Number of Hospitals in Asia Restraints Presence of Stringent Regulations Opportunities E-Beam SterilizationEmerging Markets Challenges End User Non-Compliance to Sterilization Standards

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Sterilization Equipment Market, By Product and Service

7 Sterilization Equipment Market, By End User

8 Sterilization Equipment Market, By Region

9 Competitive Landscape

10 Company Profiles

3M Company GroupAdvanced Sterilization ProductsBelimed AG (A Metall Zug Group Company)Cantel MedicalCardinal HealthGetinge GroupMatachana GroupMMM GroupSotera HealthSteris Corporation

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Related Topics:Medical Devices

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/09/2018 04:49 AM/DISC: 10/09/2018 04:49 AM

http://www.businesswire.com/news/home/20181009005502/en

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