Another factor reinforcing demand is the technological advancements made in medical instruments such as endoscopes and analyzers, which have, in turn, contributed to an increasing requirement for advanced sterilizers and techniques that are compatible with these instruments. Whereas factors such as stringent regulations imposed by authorities in several developed nations are limiting the market growth.
Technological advancements such as E-beam radiation and gamma sterilization are anticipated to create opportunities for the global sterilization technologies market. Contract sterilization service is a major trend in the global sterilization technologies market. The Filtration Sterilization market segment including equipment and consumables is expected to grow at a CAGR of around 10%. The key driving forces for the sterilization technologies market in developing countries are the large pool of patients, increasing awareness about diseases, rising prevalence of infectious diseases, improving healthcare infrastructure, and rising number of surgeries.
North America dominates the global market for sterilization technologies, led by the U.S. due to rise in number of hospital acquired infections and increasing geriatric population in the region. Asia Pacific is expected to witness high growth rate due to rise in awareness, increase in number of surgeries, growth of aging population and growth in per capita income. China and India are projected to be the fastest growing markets in this region.
Sterilization Technologies Market is segmented by type, by application and by geography. Depending on the various types, market is segmented into chemical sterilization, filtration sterilization, radiation sterilization and thermal or heat sterilization. Based on applications, market is classified as pharmaceuticals, medical devices, life sciences, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.
The key players in the Sterilization Technologies Market include 3M Company, Advanced Sterilization Products, Andersen Products Inc., Cantel Medical Corp., Medline Industries Inc, Sterigenics International Inc., Sterile Technologies Inc., Steris Corporation, TSO3 Inc. and Tuttnauer USA Co Ltd.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.