Sterilization Equipment Market overview:
In a recent research report by Market Research Industry, the Sterilization Equipment Market is expected to surpass USD 22.88 Billion by the year 2028, from USD 11.6 Billion in 2021.
Sterilization Equipment Market is a medical procedure involving sterilizing medical equipment to eliminate biological agents from a specific surface, or fluid. Sterilizing equipment includes dry heat sterilizing equipment that is used to sterilize needles, metal instruments, and petroleum products.
By region, Asia-Pacific is growing at a significant rate. The growth can be attributed to the growing demand for non-disposable medical devices, the increasing necessity for controlling hospital-acquired infections, and rising awareness about hygiene in hospitals and clinics. Moreover, countries such as India and China are attracting major players to set up manufacturing units are also contributing to the growth of the sterilization equipment market in the Asia Pacific region.
The end-user segment is categorized into hospitals & clinics, pharmaceuticals, and others. The pharmaceutical industry is expected to grow at a significant rate. Due to their adherence to strict good manufacturing practices.
The study is consolidated into major segments and further into sub-segments, such as by Sterilization Equipment Market Type (Sterilization Instruments, Sterilization Consumables and Accessories), by Service Type (Steam Sterilization, Dry Heat Sterilization, Ethylene Oxide Sterilization), End-Use (Hospitals & Clinic, Pharmaceuticals, Others), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including 3M, Cantel Medical, Gettinge AB, Steris Plc, Sterile Technologies Inc., Belimed, Sterigenics US, LLC, SAKURA SEIKI Co., Ltd, Andersen Products, Inc., Celitron.
The market is projected to grow at a significant pace reaching a CAGR of approximately 10.19%, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
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