PUNE, India, June 5, 2018 /PRNewswire/ --
According to a new market research report "Sterilization Equipment Market by Product & Service (Instrument (Heat, Filtration, Low Temperature), Consumables and Accessories (Detergents, Indicators), Services (E beam, Gamma)), End User (Hospitals, Pharmaceutical Companies) - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to reach USD 11.14 Billion by 2023 from USD 7.94 Billion in 2018, at a CAGR of 7.0%.
Browse 178 market data Tables and 26 Figures spread through 181 Pages and in-depth TOC on "Sterilization Equipment Market"
Early buyers will receive 10% customization on this report
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.
Sterilization instruments accounted for the largest market share in 2017
By product and service, the Sterilization Equipment Market is classified into instruments, consumables & accessories, and services. The sterilization instruments segment accounted for the largest market share in 2017. The large share can be attributed to the growing incidence of HAIs and the growing volume of surgical procedures across the globe.
The hospitals and clinics segment dominated the market in 2017
On the basis of end user, the Sterilization Equipment Market has been segmented into hospitals and clinics, medical device companies, food and beverage industry, pharmaceutical companies, and other end users. The hospitals & clinics segment accounted for the largest share of the Sterilization Equipment Market in 2017. The large share of this segment can be attributed to increasing incidence of healthcare-associated infections (HAIs), growing number of hospitals in Asian countries, and increasing number of surgical procedures.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=642
North America is estimated to command the largest share of the market in 2018
Based on region, the Sterilization Equipment Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America is expected to account for the largest share of the global sterilization equipment market. The increasing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs and the increasing number of surgeries in this region are the major factors supporting the growth of the Sterilization Equipment Market in North America.
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)
Know more about the Sterilization Equipment Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets