Sterilizing Practices
- Steam Sterilization.
- Flash Sterilization.
- Low-Temperature Sterilization Technologies.
- Ethylene Oxide “Gas” Sterilization.
- Hydrogen Peroxide Gas Plasma.
- Peracetic Acid Sterilization.
- Microbicidal Activity of Low-Temperature Sterilization Technologies.
- Bioburden of Surgical Devices.
What is the market size of Sterilization Technologies?
According to the report, the global sterilization technologies industry was pegged at $7.20 billion in 2020, and is expected to reach $12.78 billion by 2030.
- CAGR: 5.9%
- Current Market Size: USD 7.20 Billion
- Forecast Growing Region: APAC
- Largest Market: North America
- Projection Time: 2020– 2030
- Base Year: 2019
- Report Key Pointer: COVID-19 Outbreak & Impact
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Ascend in number of emergency clinic procured diseases, development in the geriatric populace, extension of the handled food and refreshment market, and expansion in reception of sanitization advancements in clinical and restorative businesses drive the development of the worldwide disinfection advancements market. Be that as it may, expansion in administrative tensions, high establishment and utility expenses related with cleansing advancements, and presentation of dispensable gadgets, like needles, gauzes, stitches, and outfits, hinder the market development. Running against the norm, Research and development exercises by key driving players and persistent headways in the clinical gadget industry are supposed to set out rewarding open doors in the business.
COVID-19 scenario-
- The outbreak of COVID-19 is expected to impact the growth of the global sterilization technologies market positively. The rapid spread of COVID-19 boosted the demand for sterilization equipment and services due to rise in cases of HAIs in hospital settings.
- The rise in healthcare expenditure due to the Covid-19 outbreak and increase in number of temporary hospitals are propelling the growth of the market.
- Factors such as rise in demand for hospital beds and intensive care units (ICUs), the expansion of isolation facilities, and increased consumer awareness of sterilizing products and services for medical devices and single-use products have all fuelled sterilization products and service demand.
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increase in number of surgeries and prevalence of various diseases, rise in number of hospital acquired infections, and growth in demand of sterilization in food & beverage industry propel the growth of the sterilization technologies market.
Onkar Sumant
The major factors that drive the growth of the market include, increase in rate of infections, rapid growth of biotechnological and pharmaceutical companies, increase in medical procedures, and advancement of technology in the sterilization market. Infectious diseases, such as AIDS and innovation of medicines and initiatives taken by the government are also considered as primary drivers for the growth of the sterilization technologies market.
North America, to lead the trail in terms of revenue-
By region, North America garnered the major share in 2020, contributing to nearly two-fifths of the global sterilization technologies market, and is expected to continue its dominance throughout the forecast period. This is owing to the growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the increasing number of surgical procedures performed, and the presence of key players in the region. However, the market across Asia-Pacific is expected to witness the fastest CAGR of 6.7% during the forecast period. This is due to accelerated economic growth, rise in government focus on the healthcare sector, increase in prevalence of chronic diseases, the outbreak of COVID-19, investment from government bodies to expand healthcare facilities, and favorable regulatory reforms
Key players in the industry-
- AtecPharmatechnik GmbH
- Advanced Sterilization Products Services Inc.
- Sterile Technologies Inc.
- Belimed AG
- Nordion Inc.
- Stryker Corporation.
- Getinge Group
- Noxilizer, Inc.
- Steris Plc.
- The 3M Company
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