According to a new market research report published by Transparency Market Research “Steam Autoclave Market (Product – Traditional and Tabletop; Indicator – Chemical, Biological, and Mechanical; Technology – Gravity Displacement, Pre-vacuum, and Steam Flush; End-user – Hospitals, Health Care Organization, and Academics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024”, the global steam autoclave market was valued at US$ 1.6 Bn in 2015 and is estimated to reach US$ 2.6 Bn in 2024 at a CAGR of 5.7% from 2016 to 2024.
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Sterilization is a process that kills or eliminates harmful agents such as virus, bacteria, and fungi from an equipment, food, medication, and biological medium. Four types of sterilization processes are used in a health care facility: heat sterilization, low temperature sterilization, radiation sterilization, and filter sterilization. Autoclaving is a vital component for infection-control in the medical devices. The steam autoclave market is witnessing massive growth due to increase in number of surgeries in hospitals and clinics globally. According to the Centers for Disease Control and Prevention, approximately 46.5 million surgical procedures and 5 million gastrointestinal endoscopies are performed in the U.S. each year. This indicates that sterilization is essential for ensuring that surgical and medical instruments used in surgeries do not transmit infectious pathogens to patients. The global steam autoclave market was valued at US$ 1,570.4 Mn in 2015 and is projected to reach US$ 2,572.8 Mn by 2024, expanding at a CAGR of 5.7% from 2016 to 2024.
Geographically the steam autoclave market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the largest market for steam autoclaves in terms of revenue in 2015 owing to rising prevalence of various infectious diseases (cholera, influenza, and syphilis) and increasing demand for non-disposable surgical instruments such as endoscopy devices, distractors, and forceps. Rapidly increasing number of hospital-acquired infections in the region also boosts demand for steam autoclaves. For instance, the New York State Department of Health, Albany, revealed that hospital-onset Clostridium difficile infections (CDI) rate was 8.3 infections per 1,000 patients admitted in New York state hospitals in 2012. The Federal Government of the U.S. creates awareness about hospital-acquired infections among people and provides stringent instructions on tackling these infections. Europe accounted for the second largest share of the global market in 2015 owing to initiatives by various health care organizations such as increasing awareness and uptake of sterilization equipment in this region. For instance, the European Society of Clinical Microbiology and Infectious Disease (ESCMID) creates awareness about the prevention and treatment measures associated with infectious diseases and disorders among the people in Europe.
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Countries in Asia Pacific such as China and India are the emerging markets for steam autoclaves due to high prevalence of infectious diseases and disorders such chikungunya, dengue, and Japanese encephalitis. Prevalence of these diseases is increasing rapidly due to unexpected population growth/urbanization and unusual farming practices. Poor sanitization measures and lack of awareness about disease prophylaxis among the people increases the rate of hospitalization, and thereby utilization of steam autoclaves. For instance, in July 2012, the World Health Organization (WHO) published that nearly 334,000 children in India died due to diarrhea. In addition, presence of large geriatric population propels the steam autoclave market in this region, as they are more prone to infections. The steam autoclave market in Latin America is driven by favorable government initiatives, rising health care infrastructure, and increasing disposable income of people.
Major players operating in the global steam autoclave market include 3M Health Care, STERIS plc, Getinge Group, and Johnson & Johnson.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.