Sterilization Equipment Market Expected to Reach USD 20.0 Billion by 2026 from USD 13.8 Million in 2021, at a CAGR of 7.7%
The growth of the market is largely due to the increasing incidence of nosocomial infections, the increasing number of surgical procedures, the increasing attention paid to the sterilization and disinfection of food, the growth of the pharmaceutical and biotechnology industries and to the increasing outsourcing of sterilization services.
New York, October 04, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Sterilization Equipment Market by Product and Services, Services, Consumables and Accessories, End User – Global Forecast to 2026” – https: / /www.reportlinker.com/p03176844/?utm_source=GNW
The Sterilization Instruments segment accounted for the highest growth rate of the Sterilization Equipment market, by product and service, during the forecast period
On the basis of products and services, the sterilization equipment market is segmented into sterilization instruments, sterilization services, and sterilization consumables and accessories. The sterilization instruments segment is expected to register the highest CAGR during the forecast period. and the pharmaceutical industries.
Pharmaceutical companies accounted for the highest CAGR
On the basis of end user, the sterilization equipment market has been segmented into hospitals and clinics, medical device companies, food companies, pharmaceutical companies, and other end users. Pharmaceuticals segment is expected to register the highest CAGR during the forecast period.
Factors such as the growing number of pharmaceutical companies and strict regulatory standards for drug safety are driving the growth of the pharmaceutical company segment.
Asia-Pacific: The fastest growing region in the sterilization equipment market
The sterilization equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The Asia-Pacific region offers strong growth opportunities for players in the sterilization equipment market.
This regional segment is estimated to register the highest CAGR during the forecast period. Factors such as growth of pharmaceutical and medical device industries, increasing number of surgical procedures, and increasing healthcare spending are driving the market growth in APAC region.
The main interviews conducted for this report can be categorized as follows:
• By type of business: level 1 – 28%, level 2 – 42% and level 3 – 30%
• By designation: level C – 30%, level D – 34% and others – 36%
• By region: North America: 46%, Europe: 25%, Asia-Pacific: 18%, RDM: 11%
Lists of companies featured in the report:
• STERIS PLC (United States)
• Getinge AB (Sweden)
• 3M (United States)
• Sotera Health (United States)
• Fortif (United States)
• Cardinal Health (United States)
• Metall Zug Group (Switzerland)
• Stryker (United States)
• Merck KGaA (Germany)
• MMM Group (Germany)
• MATACHANA GROUP (Spain)
• Tuttnauer (Netherlands)
• Andersen sterilizers (United States)
• Steelco SpA (Italy)
• Noxilant (United States)
• DE LAMA SPA (Italy)
• Cosmed Group (United States)
• CBMSrl medical equipment (Italy)
• E-BEAM Services, Inc. (United States)
• Life Sciences Outsourcing, Inc. (US)
• Systec GmbH (Germany)
• Continental Equipment Company (United States)
• Midwest Sterilization Corporation (United States)
• BGS Beta-Gamma-Service GmbH & Co. KG (Germany)
• ACMAS Technologies Pvt. Ltd. (India)
This report provides a detailed picture of the Sterilization Equipment market. It aims to estimate the size and potential for future growth of the market in different segments, such as products and services, end user and region.
The report also includes in-depth competitive analysis of major market players, along with their company profiles, recent developments, and key market strategies.
Main advantages of purchasing the report:
The report will assist the market leaders / new entrants by providing them with the closest approximations to the revenue figures of the overall Sterilization Equipment market and its sub-segments. It will also help stakeholders better understand the competitive landscape and gain more insight to better position their business and develop suitable go-to-market strategies.
This report will enable stakeholders to understand the pulse of the market and provide them with information on key market drivers, opportunities, challenges and trends.
Read the full report: https://www.reportlinker.com/p03176844/?utm_source=GNW
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