DUBLIN--(BUSINESS WIRE)--The "Sterilization Equipment Market by Product (Moist Heat, Dry Heat, Ethylene Oxide, Filtration, E-beam, Gamma), Services (Onsite & Offsite), Consumables (Indicators, Detergents, Pouches) & End User (Hospitals, Pharmaceuticals) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The sterilization equipment market is expected to reach USD 11.14 billion by 2023 from USD 7.94 billion in 2018, at a CAGR of 7.0%
The major factors driving the growth of this market are the rising incidence of hospital-acquired infections, increasing number of surgical procedures, rising focus on food sterilization and disinfection, technological advancements in sterilization equipment, and increasing number of hospitals in Asia. On the other hand, the presence of stringent regulations may restrain the growth of this market during the forecast period.
On the basis of product and service, the sterilization equipment market is segmented into instruments, consumables & accessories, and services. The consumables and accessories segment is expected to register the highest CAGR during the forecast period. The regular and bulk purchases of consumables coupled with product launches are the key factors driving the growth of this market.
On the basis of end user, the sterilization equipment market is segmented into pharmaceutical companies, hospitals and clinics, medical device companies, food and beverage industry, and other end users. The pharmaceutical companies segment is expected to grow at the fastest rate during the forecast period.
The sterilization equipment market in the Asia Pacific is projected to register the highest growth rate during the forecast period. Factors such as rising awareness about sterilization, rising geriatric population, growing volume of surgical procedures performed, increase in healthcare expenditure, strengthening of the healthcare infrastructure, and growing per capita income are driving the growth of the sterilization equipment market in this region.
The key players in the sterilization equipment market include Steris Corporation (US), Getinge Group (Sweden), Advanced Sterilization Products (US), 3M Company (US), Belimed AG (Switzerland), Cantel Medical (US), and Sterigenics International, Inc. (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Sterilization Equipment Market, By Product and Service
7 Sterilization Equipment Market, By End User
8 Sterilization Equipment Market, By Region
9 Competitive Landscape
10 Company Profiles
- 3M Company Group
- Advanced Sterilization Products
- Belimed AG (A Metall Zug Group Company)
- Cantel Medical
- Cardinal Health
- Getinge Group
- Matachana Group
- MMM Group
- Sotera Health
- Steris Corporation
For more information about this report visit https://www.researchandmarkets.com/research/49l5cw/sterilization?w=4