Sterilization is one of the key processes in many of the industries, specifically in healthcare services. It is widely used in hospitals to prevent hospital acquired infections, and in pharmaceutical and biotechnology, medical device manufacturing, and food and beverages processing industry to maintain sterile processing environment within the facility, as per need. In industrial applications, sterilization hold importance as it helps manufacturers in ensuring GMP compliance. Whereas, in healthcare settings, the importance of sterilization is even more crucial as it helps providers to prevent several hospital-acquired infections, and thereby improve quality of care delivered, and minimize cost of healthcare at the same time. “Meticulous Research” in its latest publication states that, “the global Sterilization Equipment Market is projected to reach $10,518.4 million by 2023 growing at a CAGR of 7.0% during the forecast period of 2018 to 2023.”
This growth is primarily driven by the growing need to curb the incidence of HAIs among healthcare facilities across the globe and thereby curtail the added burden of hospital readmissions. At the same time, increasing number of surgical procedures being performed across the globe, growing medical device and pharma manufacturing, and increasing use of sterilization technologies in the food and beverages industry is also expected to contribute to the growth of the sterilization technologies market.
Growing need to curtail the hospital acquired infections has enormous impact on the adoption of sterilization technologies among the healthcare providers as hospital acquired infections (HAIs) are one of the major causes of mortality across the globe. Some of the major types of HAIs include catheter-associated urinary tract infections, central line-associated bloodstream infections, and ventilator- associated pneumonia that are mainly caused due to various bacteria, such as methicillin-resistant Staphylococcus aureus (MRSA0, C. difficile, E. coli, Pseudomonas, and Enterococcus species. According to the Centers for Disease Control and Prevention (CDC), every year, nearly 0.65 million patients are affected with HAIs in the U.S. alone. In the U.S., the prevalence of HAIs is estimated to be between 5% and 10% of hospital admissions.
Globally, the prevalence varies largely on the basis of level of healthcare infrastructure in given country and quality of care delivery. For instance, as per WHO estimates, nearly 7 out of 100 hospitalized patients in developed economies and as much as 10 out of 100 hospitalized patients in developing countries acquire at least one HAI. The prevalence is extremely high in patients undergoing any kind of surgery. The prevalence of HAIs among surgical patients is estimated to be as high as 32%, globally. HAIs are currently regarded as one of the major causes of hospital readmissions. This leads to higher healthcare expenditure contributing to already soaring cost of healthcare across the globe. With this, currently, there is an increasing need for minimizing HAIs through adoption of effective infection control and sterilization practice in healthcare organizations.
Many of the governments across the globe have laid down policies mandating healthcare organizations to ensure implementation of proper sterilization practices in their facilities. As medical and surgical devices used in hospitals are major causes of HAIs, proper sterilization of various instruments, such as surgical instruments, injections, catheters, endoscopes, and ultrasound probes can help in minimizing HAIs in hospitals and clinics. Thus, with greater awareness of HAIs, increasing need to reduce cost of care, and focus on improving quality of care delivery, governments across the globe are taking various initiatives in the form of defining sterilization guidelines for healthcare organizations in respective countries. This is one of the key factors driving the demand for sterilization equipment and consumables across the globe.
The report provides meticulous analysis of sterilization equipment market by segmenting it on the basis of product and service [equipment (moist heat, dry heat, hydrogen peroxide, ethylene oxide), consumables (sterilization indicators, sterilant cassettes), services (e-beam, eto, gamma)], and geography.
The key players analyzed in the sterilization equipment market are STERIS plc, Getinge AB, 3M Company, MMM Goup, Matachana Group, Belimed AG, Sotera Health, Cardinal Health, Advanced, Sterilization Products Services Inc., and Cantel Medical Corporation.
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