According to the current analysis by Reports and Data, the global sterilization equipment market size was USD 8,959.2 Million in 2020 and is expected to reach USD 15,211.6 Million by 2028 at a CAGR of 6.8% during the forecast period. Market revenue growth is majorly driven by rising sterility concerns in medical & healthcare and food industry. The report has been generated by extensive secondary research with updated and latest information of the global Sterilization Equipment market further validated and verified by the industry experts and professionals. The report also offers forecast estimation about segments and sub-segments expected to show lucrative growth over the forecast period. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
In several settings, sterilization is crucial for the removal of all kind of microbes that may contaminate substances and lead to health hazards. In pharmaceutical preparations, disinfection practice should be observed throughout all stages of manufacturing to ensure safety. Several incidences have surfaced where microbial growth is detected in pharmaceuticals during a routine manufacturing inspection. Such incidents are leading to concerns, and thus are given prime importance to be ensured by bodies like WHO (World Health Organization), Centre for Disease Control and Prevention (CDC), and FDA.
Technologies like gamma irradiation and low-temperature techniques are being extensively used in the food industry for sterilization of exotic fruits and vegetables. Rise in sterilization technology advancement is expected to fuel sterilization equipment market growth through 2028.
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The report focuses on the comprehensive analysis of the competitive landscape along with detailed company profiles, market share, product portfolio, financial standings, market reach, global position, and strategic business expansion plans.
Some of the players profiled in the report are
Getinge Group, STERIS Corporation, Advanced Sterilization Products Services, Belimed, 3M, MATACHANA GROUP, and Cantel Medical among others.
The report sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches among others. It also discusses in detail the technological advancements, product developments, and research and development activities of each key company.
Further the report segments the Sterilization Equipment market on the basis of product types, applications, end-uses, and regions. The report discusses in detail the key factors influencing revenue growth of the segments and market growth in key regions. It also discusses economic growth, technological advancement, and presence of key players in each major geographical region.
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Product and Service Outlook (Revenue, USD Million; 2018–2028)
- Sterilization Instrument
- Heat/High-temperature Sterilization Equipment
- Moist Heat/Steam Sterilization Equipment
- Dry Heat Sterilization
- Low-temperature Sterilization
- Ethylene Oxide Sterilization
- Vaporized Hydrogen Peroxide Sterilization
- Hydrogen Peroxide Gas Plasma Sterilization
- Ozone-based Medical Sterilization
- Formaldehyde Sterilization
- Other Low-temperature Sterilization
- Filtration Sterilization
- Ionizing Radiation Sterilization
- E-beam Radiation Sterilization
- Gamma Sterilization
- Sterilization Services
- Ethylene Oxide Sterilization Services
- Gamma Sterilization Services
- E-beam Sterilization Services
- Steam Sterilization Services
- Other Sterilization Services
- Sterilization Consumables and Accessories
- Detergents
- Sterilization Indicators
- Pouches
- Lubricants
- Sterilization Accessories
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Pharmaceutical Companies
- Hospitals & Clinics
- Medical Device Companies
- Food & Beverage Industry
- Other End Users
Market Segmentation by Regions:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Points Covered in the Report:
- Key insights into the latest growth trends, developments, technological and product advancements, and research and development scenario
- Analysis of micro- and macro-economic factors and regulatory framework
- In-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends
- SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the competitive landscape
- Strategic recommendations to established market players and new entrants to overcome limitations and entry-level barriers in the global market landscape
- Analysis of market drivers, restraints, challenges, limitations, threats, growth prospects and opportunities
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