Autoclave Market to Grow at 7.23% CAGR: Sterilized Equipments Driving Demand to 2020

30 Mar, 2016, 22:00 ET from Sandler Research

PUNE, India, March 31, 2016 /PRNewswire/ --

According to this 2016 report, the growth of the global autoclave market is attributed to the anticipated growth in R&D expenditure between 2015 and 2020, with economies of developing countries growing faster than those of developed countries, these emerging economies will have more research facilities being set up over the next five years, which in turn will lead to a rise in demand for autoclaves and other commonly used laboratory equipment.

Complete report on autoclave market spread across 62 pages, analyzing 5 major companies and providing 29 data exhibits is now available at http://www.sandlerresearch.org/global-autoclave-market-2016-2020.html.

The analysts forecast global autoclave market to grow at a CAGR of 7.23% during the period 2016-2020. The rising demand for sterilized equipment and supplies from the healthcare sector is driving the market for autoclave globally. The healthcare sector is expected to grow steadily over the forecast period resulting in an augmented demand for autoclave in the coming years. Additionally, an increase in the number of healthcare facilities and expansion of existing facilities will propel the market for autoclave until the end of 2020.

In this autoclave market report, analysts have estimated factors like the introduction of smarter equipment to impel the prospects for market growth until the end of the forecast period. With technological advancements, the new autoclaves introduced in the market are smarter and more flexible so they can function with minimum human input. These autoclaves can be integrated with work in sync with other devices or instruments in the laboratory. Moreover, improved connectivity enables easy logging of data and remote monitoring of equipment results. Therefore, smarter autoclaves not only reduce functioning complexities but also allow accurate monitoring for better end results, leading to their increased demand until the end of 2020. Order a copy of Global Autoclave Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=52714.

In 2015, the pharmaceutical and healthcare segment dominated the global autoclave market and accounted for more than 38% of the overall revenue market. Factors such as the rising demand for autoclaves in the medical and healthcare sector due to the increase in the number of laboratories and other facilities will bolster the growth prospects of this segment during the forecast period.

In this market study, the analysts have estimated the Americas to be the largest autoclave market by 2020. Apart from the significant investments made in the US, the growth of this market will be driven by investments in research facilities from Brazil, Chile, and Columbia. Moreover, the rise in the number of hospital-acquired infections has resulted in stringent sanitation and safety regulations in North America, which will lead to an increase in the demand for autoclaves in healthcare facilities in the coming five years.

Key players in the global autoclave market: Astell Scientific Ltd., Benchmark Scientific Inc., MELAG Medizintechnik oHG, Panasonic Biomedical Sales Europe B.V., and Tuttnauer Europe B.V. Other prominent vendors in the market are: Advanced Sterilization Products (ASP), BMM Weston, Carolina Biological Supply Company, Cisa Production, Cole-Parmer, Getinge Group, LTE Scientific, Matachana, Medisafe International, Priorclave, STERIS, Thermo Scientific, and Yamato Scientific.

Further, the autoclave market report states that the major factor inhibiting the growth of this market is the low frequency of repurchase.

Another related report is Global Laboratory Automation Market 2015-2019: analysts forecast global laboratory automation market to grow at a CAGR of 5.48% over the period 2014-2019.Browse complete report @ http://www.sandlerresearch.org/global-laboratory-automation-market-2015-2019.html.

Key players in the global laboratory automation market: Danaher, PerkinElmer, Tecan Group and Thermo Fisher. Other prominent vendors in the market are: Abbott Diagnostics, Agilent Technologies, Aurora Biomed, Becton, Dickinson and Co., bioMérieux, Biotek Instruments, Brooks Automation, Cerner, Eppendorf, Hamilton Storage Technologies, LabVantage Solutions, Labware, Olympus, Qiagen, Roche Holding, Sartorius Stedim-Biotech, Siemens Healthcare, Sotax and Xtri

Explore other new reports on Medical Device Market @ http://www.sandlerresearch.org/market-research/medical-device.

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