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Sterilization Equipment Market Introduction, Scope, Application and Development Forecast 2025

The global sterilization equipment market size was worth USD 4.3 billion in 2016 which is anticipated to grow at a CAGR of more than 9.5% during the forecast period. Various factors, which led to such huge market growth, include increase in the aging population, rise in the number of surgeries conducted, and surging incidences of chronic diseases.”

Technique Insights The

Technique Insights The heat sterilization technique captured the largest market share in 2016 in which hydrated state is preferred more than dry state due to its greater reliability in use. It is estimated that the low temperature market segment is expected to grow at the highest CAGR due to compatibility with thermo-labile products, lesser complex in handling and monitoring. The introduction of various advancements in technology of the equipment for sterilization technique has led to better business expansion and penetration to various regions around the globe. End User Insights The hospital segment captured the largest market share in the year 2016, due to growing infection burden, rising number of surgeries performed, advancing technologies and rise in the number of patients being admitted. The ever-increasing need for quality assurance and quality control by pharmaceutical company in its manufacturing and storage processes resulted it to be the second largest segment in the global market. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/sterilization-equipment-market Regional Insights North America dominated the sterilization equipment industry having largest revenue share in 2016. Increasing incidences of disease caused by a number of infections, rise in the use of reusable surgical equipment, greater advancement in technology is leading to greater market share of the region. Whereas, Asia Pacific is expected to exhibit the fastest growth during the forecast period due to increasing number of medical devices manufacturers in the region, rise in the incidences of infection, upsurge in the number of hospitals and potential scope of growth in the food and chemical industry. Competitive Insights Some of the top companies operating in this industry are STERIS Corporation; Advanced Sterilization Products Services, Inc.; Getinge Group; 3M; Cantel Medical; Belimed; and others. A huge pool of companies is focused towards advancing the sterilization equipment technology after thorough research and development in this sector. The most common strategy opted by companies are through mergers acquisitions and collaboration in order to gain the maximum market share in the industry. Market Segment: Sterilization equipment Technique Outlook (Revenue, USD Million, 2014 - 2025) • Heat sterilization • Low-temperature sterilization • Filtration sterilization • Radiation sterilization • Liquid sterilization

Sterilization equipment End-user Outlook (Revenue, USD Million, 2014 - 2025) • Hospitals • Pharmaceutical companies • Medical devices companies • Clinical laboratories/research centers • Others Sterilization equipment Regional Outlook (Revenue, USD Million, 2014 - 2025) • North America • U.S. • Canada • Europe • Germany • UK • Asia Pacific • China • Japan • Latin America • Brazil • Mexico • MEA • South Africa See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/medical-devices

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