DUBLIN--(BUSINESS WIRE)--The "Sterilization Equipment Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
Sterilization Equipment plays a vital role in the sterilization of medical devices and instruments. Various Sterilization techniques have been developed through the years to control and kill the microbial growth and prevent the spread of infections through the medical device and surgical instruments. These techniques have been successfully implemented in the innovating new sterilization equipment.
With the growing population in the world, the prevalence of various infectious diseases has rapidly increased. Many of these diseases require medical interventions and surgeries. The instruments and devices used in the surgeries need to be sterilized. Moreover, the infected instruments may also give rise to cross-transmission of diseases. These factors have given rise to the need for Sterilization Equipment to prevent the further spread of infectious diseases.
Apart from these, the expansion of pharmaceutical companies also has also been a major factor in the growth of this market. But, stringent regulatory standards for approval and production of these devices and disadvantages of chemical agents used as chemical sterilants in some equipment which may cause the potential for eye and skin damage have been restraining the market growth.
- Fortive Corporation (Advanced Sterilization Products)
- Anderson Products
- Metall Zug Group (Belimed)
- Cantel Medical
- Getinge AB
- Matachana Group
- MMM Group
- STERIS plc.
- Systec GmbH
Stryker Corporation (TSO3 INC.)
Key Market Trends
High-Temperature Sterilization equipment dominates the market
High-Temperature equipment is the most widely used and the most dependable sterilization equipment. High-temperature sterilization is usually nontoxic to patient, staff, and environment, and highly microbicidal. It also penetrates deep into the medical devices and less costly as compared to other sterilization equipment, thus making it cost-effective. These factors are responsible for the dominance of this segment in the market.
High-Temperature Sterilization equipment is further sub-segmented into Steam sterilization and dry sterilization.
Asia-Pacific region to Witness Fastest Growth
Asia-Pacific has experienced positive growth in the sterilization equipment market and is estimated to witness significant growth over the forecast period. The disposable income of consumers in the region has witnessed significant growth, which increased the standard of living of people in the region. The urban population in India and China are 34% and 59%, respectively, of the total population, as per World Bank data, 2018. As this population increases, the demand for quality medical treatments will also increase. Further, the growing population has also increased the prevalence of diseases.
Hence, there has been a surge in demand for medical devices and other instruments. This has resulted in increasing the demand for sterilization equipment.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Risks of Cross-transmission
4.2.2 Increasing Number of Surgical Procedures
4.2.3 Growth in the Pharmaceutical and Biotechnology Industries
4.3 Market Restraints
4.3.1 High Cost Associated with the Device
4.3.2 Exposure to Chemicals in Equipments
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Equipment
5.1.1 High-Temperature Sterilizers
220.127.116.11 Wet/Steam Sterilizers
18.104.22.168 Dry Sterilizers
5.1.2 Low-Temperature Sterilizers
22.214.171.124 Ethylene oxide (ETO) Sterilizers
126.96.36.199 Hydrogen Peroxide Sterilizers
188.8.131.52 Ozone Sterilizers
5.1.3 Filtration Sterilizers
5.1.4 Ionizing Radiation Sterilizers
184.108.40.206 E-beam Radiation Sterilizers
220.127.116.11 Gamma Sterilizers
5.2 By End User
5.2.1 Hospitals & Clinics
5.2.2 Pharmaceutical & Biotechnology Companies
5.2.3 Education and Research Institutes
5.2.4 Food & Beverage Industries
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 Middle East and Africa
5.3.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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