CHICAGO, July 1, 2020 /PRNewswire/ -- According to the new market research report "Sterilization Equipment Market by Product & Services (Instruments (Dry Heat), Services (Ethylene Oxide, E-Beam, Steam), Consumables & Accessories (Pouches, Lubricants)), End User (Hospitals & Clinics, Pharmaceutical Companies) - Global Forecast to 2025", published by MarketsandMarkets™, the Global Sterilization Equipment Market is projected to reach USD 13.6 billion by 2025 from USD 12.1 billion in 2020, at a CAGR of 2.5% from 2020 to 2025.
Download PDF Brochure:
Market growth is largely driven by factors such as the growing global prevalence of lifestyle diseases such the rising incidence of hospital-acquired infections, increasing number of surgical procedures, and growing focus on food sterilization and disinfection. Emerging economies and re-introduction of ethylene oxide are expected to provide a wide range of growth opportunities for players in the market.
Sterilization instrument is expected to hold the largest share of the sterilization equipment market in 2020
On the basis of type, the sterilization equipment market is segmented into sterilization instrument, sterilization consumables & accessories, and sterilization services. In 2019, sterilization instrument segment accounted for the largest market share, primarily due to the rising prevalence of chronic diseases, increasing number of surgeries performed, and the rising geriatric population.
Browse in-depth TOC on "Sterilization Equipment Market"
458 – Tables
27 – Figures
310 – Pages
Hospitals & clinics segment commanded the largest share of the sterilization equipment market in 2019
By end user, the sterilization equipment market is segmented into pharmaceutical companies, hospitals & clinics, medical device companies, food & beverage companies, and other end users. Hospitals & clinics accounted for the largest share of the sterilization equipment market in 2019. The large share of this segment can be attributed to factors such as the increasing incidence of healthcare-associated infections (HAIs), the growing number of hospitals in Asian countries, and the increasing number of surgical procedures performed.
North America commanded the largest share of the sterilization equipment market in 2019.
On the basis of region, the sterilization equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2019, North America commanded the largest share of the sterilization equipment market. The large share of this market segment can be attributed to the growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the growing geriatric population, and the consequent rise in the demand for healthcare services.
Get 10% Customization on this Research Report:
The major players operating in this market are STERIS Corporation (US), Getinge Group (Sweden), 3M Company Group (US), Belimed AG (Switzerland), MMM Group (Germany), MATACHANA Group (Spain), Sotera Health (US), Cantel Medical (US), Advanced Sterilization Products (US), Cardinal Health (US), Tuttnauer (Switzerland), DE LAMA S.p.A. (Italy), Systec GmbH (Germany), Steelco S.p.A. (Italy), Noxilizer, Inc. (US), Merck KGaA (Germany), Sartorius AG (Germany), E-BEAM Services, Inc. (US), Life Science Outsourcing, Inc. (US), Cosmed Group, Inc. (US), Andersen Products, Inc. (US), Stryker(US), C.B.M. S.r.l. Medical Equipement (Italy), Life Science Outsourcing, Inc. (US), Continental Equipment Company (US), and Midwest Sterilization Corporation (US).
Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting
Get Special Pricing on Bundle Reports:
Browse Related Reports:
Medical Supplies Market by Type (Diagnostic, Dialysis, Wound Care, Disinfectants, PPE, Radiology, Sterilization, Catheters), Application (Urology, Cardiology, Infection Control), End User (Hospitals, Clinics & Physician Offices) - Global Forecast to 2025
Infection Control Market by Product (Disinfection (Disinfectant, Wipes, Sprays, Liquids, Disinfectors, UV, Wraps), AER, Sterilization (Steam, Hydrogen Peroxide, Radiation, Indicators, Services), End User (Hospitals, Life Science)) - Global Forecast to 2024
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 7500 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's 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.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/sterilization-equipment-services-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/sterilization-equipment-services.asp