Global Sterilization Equipment Market: By Product (Heat Sterilization, Low-Temperature Sterilization, and Others), by Technology (Gravity, Vacuum, Steam, Forced Convention), and by End-User (Pharmaceutical Companies and Others)–Global Forecast Till 2023. The leading drivers and restraints operating on the Sterilization Equipment Market are also profiled in the report to illustrate the extent of their impact on the market.
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Leading Market Players
3M, STERIS plc., Getinge AB, Sotera Health, Advanced Sterilization Products (Division of Ethicon), Belimed, Anderson Products, Boekel Scientific, Celitron Medical, Technologies Kft., Fedegari Autoclavi S.p.A., Cantel Medical., LTE Scientific, Merck & Co., Inc, Midmark Corporation, and MMM Group.
Sterilization Equipment Market Overview
Sterilization equipment demand continues to worldwide. Market Research Future (MRFR) in its study reveals that the global sterilization equipment market will surge at 7% CAGR during the forecast period (2018-2023). In medicine, sterilization is a critical process and is practiced across all healthcare verticals that involve surgical treatment. Further, presence strict laws for medical instrument sterilization to prevent accidental contamination and spread of infection
Market Segmentation
By technology, the market includes vacuum, forced convention, gravity, steam, and natural convection.
By product, the market consists of ionizing radiation sterilization, heat sterilization, filtration sterilization, and low-temperature sterilization. The heat sterilization segment divides into moist heat and dry heat sterilization. The low temperature sterilization breaks down into hydrogen peroxide sterilization, ethylene oxide sterilization, and others. Whereas, the ionizing radiation sterilization segment includes gamma rays and electron beams.
By end-user, the market includes food & beverage industry, hospitals & clinics, pharmaceutical companies, medical device companies, and other end-users.
By region, the market covers Asia Pacific, Americas, Europe, and the Middle East & Africa.
TABLE OF CONTENTS
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
CONTINUED…
Global Sterilization Equipment Market: Regional Segmentation
In the report, the market has been covered across Europe, Asia Pacific (APAC), the Americas and the Middle East & Africa (MEA). The Americas represent the largest market for sterilization equipment globally. Strict sterilization laws and strong demand continues to drive the market in North America. In addition, the region is expected to retain its dominant position over the forecast period. The Americas is followed by Europe and Asia Pacific (APAC). In terms of revenue, Europe holds the second spot in the global sterilization equipment market. Strict healthcare regulation, robust healthcare system and growing surgical procedures are some of factors that can be linked with the high demand for sterilization equipment. Furthermore, the rising number of surgical procedures is also contributing to the demand growth.
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Industry Updates
March 14th, 2019, TSO3 Inc. (TSX: TOS), a publicly traded company that innovates in sterilization technology for medical devices in the healthcare sector, announced in a release that it has introduced sterilization testing that is intended towards aiding repetitive sterile reprocessing in the TSO3 STERIZONE® VP4 Sterilizer.
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