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Sterilization Monitoring Market Estimated to grow at a CAGR of 7.5% from 2017 to 2022 to reach USD 631.0 million by 2022 - Global Forecast to 2022

Press Release   •   Jun 06, 2017 09:16 GMT

"Sterilization Monitoring Market Estimated to grow at a CAGR of 7.5% from 2017 to 2022 to reach USD 631.0 million by 2022 - Global Forecast to 2022" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Sterilization Monitoring Market "added to its database. Factors such as technological advancements in sterilization monitoring products, rising focus on food sterilization, rising incidence of hospital-acquired infections, and increasing number of surgical procedures coupled with the rising geriatric population and chronic disease incidence are the major factors driving the growth of this market. On the other hand, lack of awareness on sterilization monitoring and dearth of skilled professionals are the major factors limiting the growth of this market.

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On the basis of technology, the sterilization monitoring market is segmented into biological monitoring, chemical monitoring, and mechanical monitoring. In 2016, the biological monitoring segment is expected to account for the largest share of the market. Factors such as efficacy of biological indicators to monitor sterilization processes by killing the microorganisms directly as compared to the other sterilization monitoring techniques and increasing preference for BIs by various healthcare organizations to monitor sterilization processes are expected to drive the growth of this technology.

Based on the method of sterilization, the steam sterilization segment accounted for the largest share of the global sterilization monitoring market in 2016. The large share of this segment can be attributed to the non-toxic nature of steam and the low cost and efficiency offered by this method of sterilization in comparison to the other methods of sterilization. On the basis of end user, the hospitals segment accounted for the largest share of the global sterilization monitoring market in 2016. The rising prevalence of healthcare-associated infections (HAIs) coupled with the increasing number of surgeries is supporting the growth of the hospitals segment.

Based on process, the sterilization monitoring market is categorized into pack monitoring, load monitoring, equipment/process monitoring, and exposure monitoring. The pack monitoring segment accounted for the largest share of the global sterilization monitoring market in 2016. Pack monitoring helps identify problems related to human errors and sterilizer malfunctions such as inadequate humidification and inadequate exposure time at the selected temperature; such advantages are driving the market growth in this segment.

On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to command the largest share of the global sterilization monitoring market in 2017, followed by Europe. The sterilization monitoring market in North America is primarily driven by the growing demand for healthcare services in North America owing to an expected surge in the geriatric population and rising prevalence of chronic diseases in the coming years.

The global sterilization monitoring market is highly competitive, with a large number of global and local players. In 2016, the global sterilization monitoring market was dominated by 3M Company (U.S.), Getinge Group (Sweden), Cantel Medical Corp. (U.S.), and STERIS plc (U.S.). Product launches & showcases and acquisitions were the major strategies adopted by market players to achieve growth in the sterilization monitoring market.

Research Coverage

This report studies the sterilization monitoring market based on technology, product, process, method of sterilization, and end user. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends, prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.

Reasons to Buy the Report:

From an insights perspective, this research report has focused on various levels of analysis—industry trends, market share analysis of top ten players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the sterilization monitoring market, and high-growth regions and countries and their respective drivers, restraints, challenges, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on product portfolios offered by the major players in the sterilization monitoring market. The report analyzes the sterilization monitoring market based on technology, product, method of sterilization, process, end user, and region
  • Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and product launches in the sterilization monitoring market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various sterilization monitoring across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the sterilization monitoring market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the sterilization monitoring market
  • TABLE OF CONTENTS

    1 INTRODUCTION 17

    1.1 OBJECTIVES OF THE STUDY 17

    1.2 MARKET DEFINITION 17

    1.3 MARKETS COVERED 18

    1.3.1 YEARS CONSIDERED FOR THE STUDY 18

    1.4 CURRENCY 19

    1.5 LIMITATIONS 19

    1.6 STAKEHOLDERS 19

    2 RESEARCH METHODOLOGY 20

    2.1 SECONDARY AND PRIMARY RESEARCH METHODOLOGY 21

    2.1.1 SECONDARY RESEARCH 21

    2.1.1.1 Key data from secondary sources 21

    2.1.2 PRIMARY RESEARCH 23

    2.1.2.1 Breakdown of primaries 23

    2.1.2.2 Key data from primary sources 24

    2.2 MARKET SIZE ESTIMATION 24

    2.2.1.1 Research methodology: Bottom-up approach 25

    2.2.1.2 Research methodology: Top-down approach 25

    2.3 RESEARCH DESIGN 26

    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 27

    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 28

    2.5.1 ASSUMPTIONS FOR THE STUDY 28

    2.5.2 LIMITATIONS 28

    3 EXECUTIVE SUMMARY 29

    4 PREMIUM INSIGHTS 35

    4.1 STERILIZATION MONITORING: MARKET OVERVIEW 35

    4.2 GEOGRAPHIC ANALYSIS: STERILIZATION MONITORING MARKET,

    BY METHOD OF STERILIZATION (2016) 36

    4.3 STERILIZATION MONITORING MARKET SIZE, BY TECHNOLOGY,

    2017 VS. 2022 (USD MILLION) 37

    4.4 STERILIZATION MONITORING MARKET, BY PROCESS (2017 VS. 2022) 37

    4.5 GEOGRAPHICAL SNAPSHOT OF THE STERILIZATION MONITORING MARKET 38

    5 MARKET OVERVIEW 39

    5.1 INTRODUCTION 40

    5.2 MARKET DYNAMICS 40

    5.2.1 DRIVERS 41

    5.2.1.1 Rising incidence of hospital-acquired infections 41

    5.2.1.2 Increasing number of surgical procedures 41

    5.2.1.3 Technological advancements in sterilization monitoring products 42

    5.2.1.4 Rising focus on food sterilization 43

    5.2.2 RESTRAINTS 43

    5.2.2.1 Lack of awareness on sterilization monitoring 43

    5.2.2.2 Dearth of skilled professionals 44

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    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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