(PharmaNewsWire.Com, December 08, 2018 ) Sterilization equipment market in the Asia Pacific is projected to register the highest growth rate during forecast period. 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 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%. The major factors driving the growth of this market are the rising incidence of hospital-acquired infections, increasing number of surgical procedures, rising focus on food sterilization and disinfection, technological advancements in sterilization equipment, and increasing number of hospitals in Asia.
The sterilization equipment market is segmented into instruments, consumables & accessories, and services.The consumables and accessories segment is expected to register the highest CAGR during the forecast period. The regular and bulk purchases of consumables coupled with product launches are the key factors driving the growth of this market.
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.
Target Audience for this Report: • Sterilization equipment, consumable, and accessory manufacturers • Contract sterilization service providers • Pharmaceutical companies • Hospitals • 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/purchase.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.
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.
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