The global market for sterilization equipment is expected to grow at a CAGR of 7.73% during the estimated period of 2019-2028.
The increased number of surgical procedures, along with stringent protocols by healthcare bodies against hospital-acquired infections, are major factors driving the global market on a positive growth trajectory. Additionally, the increased demand from the pharmaceutical industry, and opportunities from the food & beverage industry opens several avenues for the sterilization equipment market's development.
However, the increased cost of sterilization equipment and regulations in manufacturing this equipment is limiting the progress of the sterilization equipment market.
The global sterilization market covers the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.
The North America region is expected to become the fastest-growing market globally during the estimated phase of 2019-2028. The region's market is primarily motivated by the rise in the geriatric population, surge in healthcare expenditure, and growth in hospital-acquired infections. The continual development in the low-temperature sterilization systems has resulted in capability expansion for instrument processing. Additionally, the ionizing radiation sterilization system's implementation has helped in the importation of fruits in the United States. Here, the ionizing radiation sterilization is expected to develop rapidly during the estimated period, thereby augmenting the sterilization equipment market's progression.
The well-known companies involved in the market include E-Beam Services Inc, Continental Equipment, Stryker Corporation, Steris Corporation, Belimed AG, Cardinal Health, Andersen Products Inc, Systec GmbH, MMM Group, Sotera Health, 3M Company, Getinge AB, Advanced Sterilization, Cantel Medical, and Matachana.
Key Topics Covered:
1. Global Sterilization Equipment Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Increasing Opportunities from Emerging Countries
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