Sterilization Equipment Market worth 6.93 Billion USD by 2021 The report "Sterilization Equipment Market by Product (Moist Heat, Dry Heat, Ethylene Oxide, Filtration, E-beam, Gamma), Services (Onsite & Offsite), Consumables (Indicators, Detergents, Pouches) & End User (Hospitals, Pharmaceuticals) - Global Forecast to 2021", provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the sterilization equipment market along with estimates and forecasts of the revenue and share analysis. Browse 206 market data tables and 36 figures spread through 215 pages and in-depth TOC on “Sterilization Equipment Market by Product (Moist Heat, Dry Heat, Ethylene Oxide, Filtration, E-beam, Gamma), Services (Onsite & Offsite), Consumables (Indicators, Detergents, Pouches) & End User (Hospitals, Pharmaceuticals) Global Forecast to 2021"
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The global sterilization market is expected to reach USD 6.93 Billion by 2021 from USD 4.69 Billion in 2016, at a CAGR of 8.8%. The overall growth of the sterilization equipment market can be attributed to factors such as the rising incidence of hospital-acquired infections (HAIs), growing number of hospitals in Asia, rising geriatric population, increasing number of pharmaceutical companies in Asia, and growth in the food & beverage industry. On the basis of product, sterilization equipment market is segmented into heat sterilization/hightemperature sterilization equipment, low-temperature sterilization equipment, ionizing radiation sterilization equipment, and filtration sterilization equipment. The heat sterilization/high-temperature sterilization segment is expected to account for the largest share of the market in 2016. This growth is attributed to the rise in the number of mergers and acquisitions by key players in this market to expand their product portfolios. On the basis of type, the sterilization consumables and accessories market is segmented into detergents, sterilization indicators, pouches, sterilization accessories, and lubricants. The sterilization indicators segment is expected to grow at the highest CAGR during the forecast period. The growth in this market segment can be attributed to the increasing number of surgeries performed worldwide, resulting in a growth in demand for sterilization products and hospital sterilization procedures to reduce the incidence of HAIs. On the basis of site of sterilization, the sterilization services market is segmented into offsite sterilization and onsite sterilization. The offsite segment is expected to account for the largest share of the market in 2016. Geographically, the sterilization equipment market was dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). In 2016, North America is expected to account for the largest share of the market, while Asia is projected to witness the highest growth rate during the forecast period. Growth in this region can be attributed to factors such as rising number of geriatric population, significant
economic growth in China and India, rising incidence of nosocomial infections, and improving healthcare infrastructure in Asian countries. Major players in the sterilization equipment market include are STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Anderson Products, Inc. (U.S.), Matachana Group (S.A.), MMM Group (Germany), and Sterigenics International, Inc. (U.S.). About MarketsandMarkets MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan MarketsandMarkets 701 Pike Street Suite 2175, Seattle, WA 98101, United States Telephone No : 1-888-600-6441 Email: sales@marketsandmarkets.com