Sterilization Equipment Market Key Insights and Fast Growth Factors to 2027

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The sterilization equipment market is expected to cross USD 21,593.70 million by 2027 at a CAGR of 9.23%.

Sterilization Equipment Market Overview

Sterilization equipment are essential to uphold the sterile conditions throughout making of pharmaceuticals, during medicinal procedures, and research activities. The growing elderly population, an increasing number of surgical activities and growing research and development activities in the healthcare industry are the key factors propelling the growth of the worldwide sterilization equipment market. Furthermore, soaring RD outlay and aggressive tactics adopted by the top players, such as novel product launches, are contributing to the development of the market. For example, Cantel Medical announced in August 2018, the acquisition of Stericycle's Controlled Environmental Solutions Business for USD 17 million. It is a key provider of certification and testing, decontamination services for clean rooms, environmental monitoring, and other services associated with quality control and regulatory compliance.

The increasing costs linked with surgeries, severe regulatory framework for product approval, and lack of cognizance about sterilization techniques are likely to hamper the Sterilization equipment market growth over the forecast period.

Sterilization Equipment Market Segmentation

The worldwide sterilization equipment market has been segmented based on technology, end-user, and product.

Based on product, the market has been segmented as low-temperature sterilization, heat sterilization, ionizing radiation sterilization, and filtration sterilization. The heat sterilization segment has been sub-segmented into moist heat sterilization and dry heat sterilization. The low-temperature sterilization segment has been sub-segmented into hydrogen peroxide sterilization, ethylene oxide sterilization, and others. The ionizing radiation sterilization segment has been sub-segmented as gamma rays and electron beams.

The technology segment has been segmented into forced convention, steam, natural convection gravity, and vacuum.

On the basis of end–user, worldwide sterilization equipment market has been segmented into research institutes, hospitals clinics, medical device companies, food beverage industry, pharmaceutical companies, and other end–users.

Sterilization Equipment Market Regional Analysis

The market in the Americas is likely to dominate the worldwide sterilization equipment market over the forecast period owing to the progressively strict sterility guidelines, surge in the number of surgical procedures due to growing elderly population, the presence of a firm healthcare system and espousal of highly innovative technology. The Europe market is anticipated to be the second-largest owing to the expanding government expenditure on healthcare and growing research activities in the life sciences segment, and the soaring number of road accidents in Europe. Besides, the market in Asia-Pacific is likely to be the fastest-growing over the forecast period owing to the growing elderly population in the region, expanding number of hospitals in Asia, and promising government endeavors for healthcare facilities. The Middle East Africa market has been likely to register the smallest share of the worldwide sterilization equipment market.

Browse Full Report with TOC at: https://www.marketresearchfuture.com/reports/sterilization-equipment-market-6397

Sterilization Equipment Market Key Players

The global sterilization equipment market has been dominated by renowned key players such as Boekel Scientific. Boekel Scientific is a key biology laboratory equipment manufacturer located in the United States. The firm constantly focuses on life science and biology laboratory equipment, including histology, hybridization, microbiology, food safety equipment, and blood banking. The firm attempt to uphold the highest standard of quality while generating innovative equipment. Recently, Boekel Scientific launched its new Touch Screen Blood Collection Mixer for the automatic collection of donor blood. This intuitive and progressive medical equipment was devised in combination with mobile blood collection and stationary experts. The unit implements the functionality required for the busiest donor stations with new-to-the sector properties to enhance operational ease. Apart from Boekel Scientific, the other key players ruling the market include 3M, Advanced Sterilization Products (Division of Ethicon), Getinge AB, Anderson Products, Technologies Kft., Cantel Medical., Merck Co., LTE Scientific, Inc, MMM Group, STERIS plc., Celitron Medical, Midmark Corporation, SAKURA SI CO., LTD., Fedegari Autoclavi S.p.A., TSO3 INC., Belimed, and Sotera Health

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