LONDON--(BUSINESS WIRE)--The autoclave market is likely to experience steady growth because of the increasing surgical procedures coupled with the sterilization of medical devices and the growing demand for autoclave equipment to prevent HAIs. The market is estimated to have an incremental growth of USD 468.13 million by 2024. Download Free Sample Report
A Technavio analyst says, "The global autoclave market will not be majorly impacted by the spread of COVID-19. However, the market outlook might change if the containment efforts go beyond Q2 2020."
Technavio’s recent analysis of the autoclave market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in North America, Europe, Asia, and ROW, geographically. The North America region is expected to have a market share of 34% and will provide significant growth opportunities for market players during the forecast period.
For further information on this analysis, please visit: https://www.technavio.com/report/autoclave-market-industry-analysis
Rising demand for disposable medical consumables and devices and limitations associated with autoclaves might hamper the market growth. However, technological advances and increasing healthcare spending will positively influence the growth of the global autoclave market.
Technavio’s analysis of the autoclave market also includes:
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive the autoclave market growth during the next five years
- Precise estimation of the autoclave market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the autoclave market industry across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape
- Comprehensive details of factors that will challenge the growth of autoclave market vendors
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