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Low Temperature Sterilization Equipment Market – Advancements in the low temperature sterilization techniques to boost growth of the global market

September 29th, 2021 Coherent Market Insights Releases

Overview

Low-temperature sterilization is a good way to keep heat and moisture-sensitive surgical instruments, general equipment, and implants in good working order. Unique gadgets with complicated designs or those made of fluid and heat sensitive materials are sterilized at low temperatures. Polymers on cameras, fiber optics, elastic scopes, some plastics or reusable invasive medical tools made of materials that cannot tolerate humidity, and steam linked with steam sterilization are examples of this sort of device. The mode of action of low-temperature sterilizing techniques varies. The technique is based on a procedure that the original equipment manufacturer has verified for the product. In order to keep patients safe and avoid infections and other dangerous microorganisms, medical sterilization is commonly used in hospitals and other treatment locations such as specialized clinics and ambulatory surgery centers. Due to the increased usage of complicated, sensitive, and costly devices that cannot tolerate high temperature and pressure, health care organizations are increasingly using low temperature sterilization techniques.

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In 2016, the global Low Temperature Sterilization Equipment Market was valued at US$ 1,120.1 million, with a CAGR of 10.6 percent projected during the forecast period (2017 – 2025).

Drivers

One of the primary factors encouraging the usage and deployment of low temperature sterilization systems in hospitals and other healthcare settings is the rising frequency of healthcare-associated illnesses. According to the World Health Organization (WHO), in 2011, 7 out of every 100 hospitalized patients contracted a HAI (hospital acquired infection), and one-third of ICU (intensive care unit) patients contracted a HAI. This is due to the unfavorable environment as well as the low quality of healthcare institutes in low and middle-income economies.

Rising surgical operations, rising healthcare spending, and need for sterilization protocols by healthcare regulatory bodies in various parts of the world are among the major factors driving the growth of the global low temperature sterilization equipment market. In 2016, the Singapore Ministry of Health issued a consultation draught of a National Infection Control Guideline for hospitals and other healthcare institutions to utilize low temperature sterilization techniques to avoid pathogens.

Restraints

The inability of these techniques to sanitize intense absorbent, liquids, and particles is expected to stymie the growth of the global low temperature sterilization equipment market.

Regional Analysis

Due to the existence of reliable health centers and an encouraging regulatory authority for delivering adequate knowledge to healthcare bodies emphasized the value of sterilization procedures, North America is expected to contribute the largest share in the global low temperature sterilization equipment market. In 2016, the Centers for Disease Control and Prevention (CDC) updated the cleaning and sterilization recommendations for low-temperature sterilization processes to inform healthcare professionals about new and improved sterilization technology.

Advancements in low-temperature sterilization procedures are expected to enhance the global low temperature sterilization equipment market. Sterilization using ethylene oxide, hydrogen peroxide plasma, and vapor formaldehyde at room temperature are some of the modern low temperature sterilization methods. Companies’ new equipment contains numerous amenities introduced to the devices as a result of research and development to give many alternatives post and before to sterilizing operations. In 2014, Steris Corporation launched the V-Pro 60, a low-temperature sterilization system that allows the healthcare and pharmaceutical industries to reprocess medical equipment with greater flexibility and efficiency.

Competitive Landscape

Major companies contributing in the global low temperature sterilization equipment market are Belimed AG, Anderson products, Steris Corporation, 3M Company, MMM Group, Sterigenics international, Matachana Group, Advanced Sterilization Products, and Cantel Medical Corporation..

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Reasons to Purchase this Report

• Current and future of global Low Temperature Sterilization Equipment market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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