Global Medical Sterilization Equipment market to grow with 7.15% CAGR through 2022

December 03, 2019


According to the report titled ‘Global Medical Sterilization Equipment Market By Mode (High Temperature, Low Temperature, Radiation), Services (In-House, Contact), End-User Industry (2017 Edition): Forecast to 2022’ available at MarketStudyReport.com, the global medical sterilization equipment market to expand with a CAGR of 7.15% during the period of 2017-2022.
 

Rising number of surgical procedures, coupled with growing occurrences of inveterate disorders are major factors driving the growth of the medical sterilization equipment market for the forecast period. Increasing cases of healthcare associated infections (HAIs) among population and escalating disposable income are augmenting the demand for medical sterilization equipment across the globe.
 

Notably, the research report on medical sterilization equipment market measures the potential growth opportunities in the industry. It also delivers crucial statistics on market shares for each segment and analyzes industry trends. The study further intends to provide state-of-the-art business information and help investors to thoroughly evaluate their investments.
 

Based on type, medical sterilization equipment market is categorized into radiation sterilization, low temperature, high temperature, and others, in which the low temperature sterilization equipment segment is presumed to showcase significant growth over the analysis timeframe. As per services, the market is classified into contract sterilization and in-house sterilization. Whereas, in terms of end user spectrum, medical sterilization equipment industry is segmented into pharmaceutical manufacturing facilities and hospitals.
 

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Considering the geographical landscape, the global medical sterilization equipment market is divided into regions namely, Europe, North America, Asia-Pacific, Middle East, and rest of the world, with key focus on countries such as Canada, UK, US, Germany, India, China, Saudi Arabia, and UAE.
 

The report cites that APAC medical sterilization equipment market is slated to expand substantially in the upcoming years, owing to growing economy, rising disposable income, escalating healthcare spending, and a large consumer base.
 

The key players in medical sterilization equipment market are Getinge, Steris Plc, 3M, TSO3, Advanced Sterilization Products Services Inc., Cantel Medical, Sterigenics, Andersen Products, Belimed and MMM Group.


Frequently Asked Questions (FAQ) :

Rising number of surgical procedures, coupled with growing occurrences of inveterate disorders are major factors driving the growth of the medical sterilization equipment market for the forecast period. Increasing cases of healthcare associated infections (HAIs) among population and escalating disposable income are augmenting the demand for medical sterilization equipment across the globe.
Based on type, medical sterilization equipment market is categorized into radiation sterilization, low temperature, high temperature, and others, in which the low temperature sterilization equipment segment is presumed to showcase significant growth over the analysis timeframe. As per services, the market is classified into contract sterilization and in-house sterilization. Whereas, in terms of end user spectrum, medical sterilization equipment industry is segmented into pharmaceutical manufacturing facilities and hospitals.
APAC medical sterilization equipment market is slated to expand substantially in the upcoming years, owing to growing economy, rising disposable income, escalating healthcare spending, and a large consumer base.
The key players in medical sterilization equipment market are Getinge, Steris Plc, 3M, TSO3, Advanced Sterilization Products Services Inc., Cantel Medical, Sterigenics, Andersen Products, Belimed, and MMM Group.