New report on sterilization equipment market in Asia Pacific is projected to register the highest growth rate during forecast period. Regular and bulk purchases of consumables coupled with product launches are the key factors driving growth of this market.
The sterilization equipment market is expected to reach USD 11.14 billion by 2023 from USD 7.94 billion in 2018, at a CAGR of 7.0%. Sterilization equipment market is segmented into instruments, consumables & accessories, and services. Consumables and accessories segment is expected to register the highest CAGR during the forecast period.
Major factors driving growth of sterilization equipment market are rising incidence of hospital-acquired infections, increasing number of surgical procedures, rising focus on food sterilization & disinfection, technological advancements in sterilization equipment, & increasing number of hospitals in Asia.
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Major factors driving growth of sterilization equipment market market are rising incidence of hospital-acquired infections, increasing number of surgical procedures, rising focus on food sterilization & disinfection, technological advancements in sterilization equipment, and increasing number of hospitals in Asia.
“The consumables and accessories segment is anticipated to grow at the fastest growth rate during the forecast period.”
In this report, the sterilization equipment market is segmented into four major regional segments—North America, Europe, Asia Pacific, and the Rest of the World. The sterilization equipment market in the Asia Pacific is projected to register the highest growth rate during the forecast period. On the basis of end user, the sterilization equipment market is segmented into pharmaceutical companies, hospitals and clinics, medical device companies, food and beverage industry, and other end users.
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The sterilization equipment market in the Asia Pacific is projected to register the highest growth rate during the forecast period. Factors such as rising awareness about sterilization, rising geriatric population, growing volume of surgical procedures performed, increase in healthcare expenditure, strengthening of the healthcare infrastructure, and growing per capita income are driving the growth of the sterilization equipment market in this region.
Target Audience for this Report:
- Sterilization equipment, consumable, and accessory manufacturers
- Contract sterilization service providers
- Pharmaceutical companies
- Food and beverage companies
- Research and consulting firms
- Venture capitalists
- Regulatory bodies
Major players in 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).
More Information “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” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=210548 .
The report analyses the sterilization equipment market on the basis of product and service, end user, and region. Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles include the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market.
Key benefits of buying the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies for strengthening their market shares.
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