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  • August 2020
  • 204 pages
  • ID: 5950049
  • Format: PDF
  • Inkwood Research


Table of Contents

The global sterilization equipment market is estimated to grow with a CAGR of 6.95%, across the forecast period of 2019 to 2028. Primary factors influencing the market growth include, preventative measures by hospitals against nosocomial infections, rising number of surgical procedures, growing demands of the food and beverage industry, and the developments within pharmaceutical industries.

Sterilization entails eliminating all life forms such as viruses, bacteria, fungi, and spores present in the environment, which may cause diseases or infections.Similarly, sterilization equipment is used by the medical and food industry, laboratories, spacecraft, pharmaceutical factories, and other sectors with a high risk of infections, for disinfection.

Moreover, various research organizations that deal with research against viruses and bacteria require sterilization equipment to neutralize their settings.
Surgical procedures are at a considerable rise, owing to the growing number of injuries and chronic diseases.According to the 2017 World Health Organization (WHO) data, cardiovascular diseases (CVD) are the leading causes of global deaths, with over 17 million fatalities, every year.

These conditions comprise a group of heart and blood vessel disorders, including cerebrovascular diseases, coronary heart disease, and rheumatic heart diseases.Moreover, four out of five deaths are caused by strokes and heart attacks, with one-third of deaths occurring in people under the age of 70.

This leads to an increase in surgeries related to cardiovascular diseases.Conversely, the COVID-19 pandemic has caused an unexpected increase in individuals admitted into hospitals.

As a result, medical facilities have created different wards to isolate patients infected with the coronavirus and minimize the risk of transmission. Owing to these factors, the demand for sterilization equipment is predicted to increase across the forecast period.

The geographical analysis of the global sterilization equipment market growth includes the evaluation of Asia Pacific, North America, Europe, and the rest of the world.With the United States as the leading manufacturer and consumer of sterilization systems, and Canada possessing a massive potential for sterilization technologies, North America is estimated to be the fastest-growing market.

Moreover, the rise in geriatric population and increasing healthcare expenditure is also attributed to the market growth.

The degree of competitive rivalry in the global market is estimated to remain high across the forecast period, due to the presence of numerous local industries. Some of the renowned companies in the market include, Advanced Sterilization, MMM Group, 3M Company, Cardinal Health, Steris Corporation, Belimed AG, etc.

Our report offerings include:
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• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
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