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Sterilization Equipment Market Research on Segment By Manufacturers, Type, Applications and Forecast 2028

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Sterilization Equipment Market Research on Segment By Manufacturers, Type, Applications and Forecast 2028

September 27
18:54 2022
Sterilization Equipment Market Research on Segment By Manufacturers, Type, Applications and Forecast 2028
Sterilization Equipment Market
The global sterilization equipment market size was USD 8,959.2 Million in 2020 and is expected to register a CAGR of 6.8% during the forecast period

According to the current analysis by Reports and Data, the global sterilization equipment market size was USD 8,959.2 Million in 2020 and is expected to reach USD 15,211.6 Million by 2028 at a CAGR of 6.8% during the forecast period. Market revenue growth is majorly driven by rising sterility concerns in medical & healthcare and food industry.

In several settings, sterilization is crucial for the removal of all kind of microbes that may contaminate substances and lead to health hazards. In pharmaceutical preparations, disinfection practice should be observed throughout all stages of manufacturing to ensure safety. Several incidences have surfaced where microbial growth is detected in pharmaceuticals during a routine manufacturing inspection. Such incidents are leading to concerns, and thus are given prime importance to be ensured by bodies like WHO (World Health Organization), Centre for Disease Control and Prevention (CDC), and FDA.

Technologies like gamma irradiation and low-temperature techniques are being extensively used in the food industry for sterilization of exotic fruits and vegetables. Rise in sterilization technology advancement is expected to fuel sterilization equipment market growth through 2028.

  Some Key Highlights from the Report:

  • Based on product & service, the low-temperature segment is expected register a CAGR of 7.1 % through 2028. The robust growth can be attributed increasing compatibility of low-temperature sterilization with delicate medical devices. In addition, increasing product proliferation in packaging material, plastics, and device lumens is expected to boost revenue growth of the segment over the forecast period.
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  • The dry-heat sterilization sub-segment is expected to register significant revenue growth through 2028 due to usage in items that can withstand temperatures in the range of 160-180 degree Celsius. The items to be sterilized are generally wrapped in aluminium foils. However, it is a time-consuming process due to the low heat capacity of air.
  •  
  • The filtration sterilization segment accounted for a nearly 46.2% of the market share in 2020 in terms of revenue and is expected to register a notable CAGR over the forecast period. Extensive product usage for heat sensitive devices and oncology products is expected to further contribute to revenue growth of this segment.
  •  
  • Based on end-use, the hospitals & clinics segment accounted for the largest revenue share in the global sterilization equipment market share in 2020 owing to increasing incidence of healthcare-associated infections (HAIs) and rise in number of surgical procedures performed annually across the globe.
  •  
  • Geographically, North America is expected to account for largest revenue share in the sterilization equipment market over the forecast period due to growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs in the region.

 

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Sterilization Equipment market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

Leading companies operating in the market are:

Getinge Group, STERIS Corporation, Advanced Sterilization Products Services, Belimed, 3M, MATACHANA GROUP, and Cantel Medical among others.

 

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/sample-enquiry-form/950

The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

  Sterilization Equipment Market Segmentation:

Product and Service Outlook (Revenue, USD Million; 2018–2028)

  • Sterilization Instrument
  • Heat/High-temperature Sterilization Equipment
    • Moist Heat/Steam Sterilization Equipment
    • Dry Heat Sterilization
  • Low-temperature Sterilization
    • Ethylene Oxide Sterilization
    • Vaporized Hydrogen Peroxide Sterilization
    • Hydrogen Peroxide Gas Plasma Sterilization
    • Ozone-based Medical Sterilization
    • Formaldehyde Sterilization
    • Other Low-temperature Sterilization
  • Filtration Sterilization
  • Ionizing Radiation Sterilization
    • E-beam Radiation Sterilization
    • Gamma Sterilization
  • Sterilization Services
  • Ethylene Oxide Sterilization Services
  • Gamma Sterilization Services
  • E-beam Sterilization Services
  • Steam Sterilization Services
  • Other Sterilization Services
  • Sterilization Consumables and Accessories
  • Detergents 
  • Sterilization Indicators 
  • Pouches 
  • Lubricants 
  • Sterilization Accessories

End-Use Outlook (Revenue, USD Million; 2018–2028)

  • Pharmaceutical Companies 
  • Hospitals & Clinics
  • Medical Device Companies 
  • Food & Beverage Industry 
  • Other End Users

Geographic Segment Covered in the Report:

The Sterilization Equipment report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (the USA and Canada)• Europe (UK, Germany, France, and the rest of Europe)• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)• Latin America (Brazil, Mexico, and the rest of Latin America)• the Middle East and Africa (GCC and the rest of the Middle East and Africa)

  Key market aspects are illuminated in the report:

  • Executive Summary: It covers a summary of the most vital studies, the Global Sterilization Equipment market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
  • Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Sterilization Equipment market, the years measured, and the study points.
  • Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
  • Manufacture by Region: This Global Sterilization Equipment report offers data on imports and exports, sales, production and key companies in all studied regional markets.

Thank you for reading the report. Kindly note that we also offer customized reports according to the client’s requirements. Contact us to know more about the customization feature and our team will provide you with the best-customized report. 

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  About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

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