Sterilization Equipment Market worth $20.0 billion by 2027
The report "Sterilization Equipment Market by Product & Service (Instruments (Dry Heat, Ethylene Oxide), Consumables & Accessories (Indicators, Pouches), Services (Ethylene Oxide, Steam)), End User (Hospitals & Clinics, Pharmaceuticals) - Global Forecasts to 2027", is projected to reach USD 20.0 billion by 2027 from USD 13.7 billion in 2022, at a CAGR of 7.9% during the forecast period. The sterilization equipment market is driven by the rising incidence of hospital-acquired infections, increasing number of surgical procedures, and growing focus on food sterilization and disinfection. The increasing number of medical device and pharmaceutical companies in emerging economies and the rising of E beam sterilization to offer lucrative growth opportunities for the sterilization equipment market.
Browse 281 market data Tables and 51 Figures spread through 324 Pages and in-depth TOC on "Sterilization Equipment Market by Product & Service (Instruments (Dry Heat, Ethylene Oxide), Consumables & Accessories (Indicators, Pouches), Services (Ethylene Oxide, Steam)), End User (Hospitals & Clinics, Pharmaceuticals) - Global Forecasts to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/sterilization-equipment-services-market-642.html
The sterilization instruments accounted for the largest share of the sterilization equipment market, by product & service segment, in 2021
The global sterilization equipment market is segmented into sterilization instruments, sterilization services, and sterilization consumables & accessories based on product & service. Market growth is largely driven by the increasing emphasis on the need for proper sterilization measures specifically post the effect of COVID-19, coupled with a rise in the number of surgical procedures.
The hospitals & clinics segment accounted for the largest share of the sterilization equipment market, by end user, in 2021
On the basis of end user, the sterilization equipment market is segmented into hospitals & clinics, pharmaceutical companies, medical device companies, food & beverage companies, and other end users. The rise in the occurrence of chronic and infectious diseases has led to significant growth of the hospitals & clinics end user segment.
North America is the largest regional market for sterilization equipment market
The global sterilization equipment market has been segmented into five major regions—North America, Europe, the Asia Pacific, Middle East & Africa, and Latin America. In 2021, North America dominated the global sterilization equipment market in 2021. The large share of the North American market is primarily driven by the rising prevalence of infectious diseases and the presence of key players operating in the sterilization equipment market.
The major players operating in this market are STERIS Corporation (US), Getinge AB (Sweden), and Sotera Health (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Sterilization Equipment Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
