Sterilization Equipment Market Will Reach USD 10.51 Billion by 2023- Exclusive Report by Meticulous ResearchÂ®

(IT-NEWSWIRE.COM, January 07, 2019 ) Sterilization is one of the key processes in many of the industries, specifically in healthcare services. It is widely used in hospitals to prevent hospital acquired infections, and in pharmaceutical and biotechnology, medical device manufacturing, and food and beverages processing industry to maintain sterile processing environment within the facility, as per need. In industrial applications, sterilization hold importance as it helps manufacturers in ensuring GMP compliance.

Whereas, in healthcare settings, the importance of sterilization is even more crucial as it helps providers to prevent several hospital-acquired infections, and thereby improve quality of care delivered, and minimize cost of healthcare at the same time. “Meticulous Research” in its latest publication states that, “the global Sterilization Equipment Market is projected to reach $10,518.4 million by 2023 growing at a CAGR of 7.0% during the forecast period of 2018 to 2023.”

This growth is primarily driven by the growing need to curb the incidence of HAIs among healthcare facilities across the globe and thereby curtail the added burden of hospital readmissions. At the same time, increasing number of surgical procedures being performed across the globe, growing medical device and pharma manufacturing, and increasing use of sterilization technologies in the food and beverages industry is also expected to contribute to the growth of the sterilization technologies market.

Many of the governments across the globe have laid down policies mandating healthcare organizations to ensure implementation of proper sterilization practices in their facilities. As medical and surgical devices used in hospitals are major causes of HAIs, proper sterilization of various instruments, such as surgical instruments, injections, catheters, endoscopes, and ultrasound probes can help in minimizing HAIs in hospitals and clinics.

Thus, with greater awareness of HAIs, increasing need to reduce cost of care, and focus on improving quality of care delivery, governments across the globe are taking various initiatives in the form of defining sterilization guidelines for healthcare organizations in respective countries. This is one of the key factors driving the demand for sterilization equipment and consumables across the globe.

The report provides meticulous analysis of sterilization equipment market by segmenting it on the basis of product and service [equipment (moist heat, dry heat, hydrogen peroxide, ethylene oxide), consumables (sterilization indicators, sterilant cassettes), services (e-beam, eto, gamma)], and geography.

The key players analyzed in the sterilization equipment market are STERIS plc, Getinge AB, 3M Company, MMM Goup, Matachana Group, Belimed AG, Sotera Health, Cardinal Health, Advanced, Sterilization Products Services Inc., and Cantel Medical Corporation.

For detail analysis and market values, Download free sample report @ https://www.meticulousresearch.com/download-sample-report/?cp_id=4698

1. Introduction

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations

1.3.1. Currency
1.3.2. Limitations

1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process

2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary

3.1. Introduction
3.2. Market Dynamics
3.3. Product Segment Analysis
3.4. Regional Analysis
3.5. Competitive Analysis

4. Market Insights

4.1. Overview
4.2. Drivers

4.2.1. Growing Need to Curtail Hospital-Acquired Infections
4.2.2. Growth in the Number of Surgical Procedures
4.2.3. Rising Demand of Sterilization in Food Industry to Prevent Food-Borne Diseases
4.2.4. Increasing Sterilization Demand from Pharmaceutical and Biotechnology Industries

4.3. Restraints

4.3.1. Harmful Effects of Ethylene Oxide
4.3.2. Concerns Regarding the Safety of Reprocessed Instruments

4.4. Opportunities

4.4.1. Growing Demand of Sterilization Technologies in Emerging Markets
4.4.2. Rising Demand for E-Beam Sterilization

4.5. Challenges

4.5.1. Growing Adoption of Advanced Medical Instruments Driving Complexity of Sterilization
4.5.2. End-User Noncompliance with Sterilization Standards

5. Global Sterilization Equipment Market, by Technology

5.1. Overview
5.2. Heat Sterilization Equipment

5.2.1. Moist Heat Sterilizers
5.2.2. Dry Heat Sterilizers

5.3. Low Temperature Sterilization Equipment

5.3.1. Hydrogen Peroxide / Gas Plasma Sterilizers
5.3.2. Ethylene Oxide Sterilizers
5.3.3. Ozone-Based Sterilizers
5.3.4. Formaldehyde Sterilizers
5.3.5. Other Low Temperature Sterilizers

5.4. Radiation Sterilization Equipment
5.5. Filtration Sterilization Equipment

6. Global Sterilization Consumables Market, by Product

6.1. Overview
6.2. Sterilization Indicators
6.3. Sterilant Cassettes
6.4. Other Sterilization Consumables & Accessories

7. Global Sterilization Services Market, by Type

7.1. Overview
7.2. Ethylene Oxide Sterilization Services
7.3. Gamma Sterilization Services
7.4. E-Beam Sterilization Services
7.5. Steam Sterilization Services
7.6. Other Sterilization Services

8. Global Sterilization Technologies Market, by End User

8.1. Overview
8.2. Hospitals and Clinics
8.3. Medical Device Companies
8.4. Food and Beverages Industry
8.5. Pharmaceutical Companies
8.6. Other End Users

9. Sterilization Technologies Market, by Region

9.1. Overview

9.2. North America

9.2.1. U.S.
9.2.2. Canada

9.3. Europe

9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Rest of Europe

9.4. Asia-Pacific

9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Rest of Asia Pacific

9.5. Latin America
9.6. Middle East & Africa

10. Competitive Outlook

10.1. Competitor Benchmarking
10.2. Market Share Analysis

11. Company Profiles (Business Overview, Key Financials, Product Portfolio, Strategic Developments)

11.1. Steris Corporation
11.2. 3M Company
11.3. Getinge AB Company
11.4. MMM Group
11.5. Belimed AG (Subsidiary of Metall Zug Group)
11.6. Matachana Group
11.7. Sotera Health
11.8. Cardinal Health
11.9. Advanced Sterilization Products (J&J)
11.10. Cantel Medical

12. Appendix

12.1. Questionnaire
12.2. Available Customization.

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Sterilization Equipment Market Will Reach USD 10.51 Billion by 2023- Exclusive Report by Meticulous ResearchÂ®