The sterilization equipment market has been forecast to reach a value of US$5.3 billion by 2018, driven by the growing concerns regarding the spread of infections, technological developments, and robust demand from developing countries.
Some of the major factors driving the growth of this market include the enduring need for efficient infection control measures, threat of biological and chemical warfare, and recurrent outbreaks of emerging infectious diseases.
Sterilization equipment is one of the most critical sectors in the medical industry as effectiveness, efficacy, and success of surgeries, medical examinations and research depends on the ability to prevent cross infections.
In addition to medical devices, sterilization is also a key element in the manufacturing industry. In the food industry, sterilization plays a vital role in all aspects of production, ranging from processing of foods (food irradiation and pascalization) to sterilization of pre-packaged foods.
With radiation sterilization obtaining FDA approval for processing different types of foods, such as poultry, vegetables, pork, and fresh fruits, the potential for gamma sterilization is expected to increase in the near future.
Other industries that hold important growth potential for sterilization equipment include electronic components, brewing, sewage treatment, drinking water analysis, and clinical waste disposal.
According to a recent market report, 'Sterilization Equipment and Supplies: A Global Strategic Business Report,' the United States and Europe together account for a major share of the global market.
Over the last few years these two major regional markets have shown signs of maturity with lower growth rates. Developing countries in Asia-Pacific and Latin America are currently positioned to act as major driving forces in the global industry.
For more information on the sterilization equipment market, see the latest research: Sterilization Equipment Market
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