The market size of sterilization equipment worldwide reached USD 9.31 billion in 2022. It is anticipated to increase from USD 10.10 billion in 2023 to USD 19.25 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 9.7% over the forecast period.
They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain an insight into the overall present and future market scenario. This report comprises an in-depth study of the potential segments including product type, application, and end-user, and their contribution to the overall market size. The report provides an accurate and professional study of The complex analysis of opportunities, growth factors, and future forecasts presented in simple and easy-to-understand formats. The report covers the Sterilization Equipment Market by developing technology dynamics, financial position, growth strategy, and product portfolio during the forecast period.
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Sterilization Equipment Market report covers the different market scenarios that have a direct impact on the growth of the market. The report is structured with the meticulous efforts of an innovative, enthusiastic, knowledgeable, and experienced team of analysts, researchers, industry experts, and forecasters.
The report includes the SWOT analysis, PESTLE analysis, predictive analysis, real-time analysis, revenue share, market size, the competitive market scene, market opportunities, key strategies such as partnership, collaboration, mergers, and acquisitions that have been taken by key players to improve their market position and strengthen their presence in the world market.
A list of some players that are profiled in the report includes
- STERIS (U.S.)
- Getinge AB (Sweden)
- ASP (U.S.)
- 3M (U.S.)
- Cardinal Health (U.S.)
- MMM Group (Germany)
- MATACHANA (Spain)
- Andersen Sterilizers (U.S.)
- Noxilizer Inc. (U.S.)
- Continental Equipment Company (U.S.)
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Market Drivers:
The incidence of hospital-acquired infections (HAI), including sepsis, urinary tract infections, and surgical infections, is on the rise worldwide. For example, a study published by the National Center for Biotechnology Information (NCBI) in 2022 reported a 60.4% increase in global urinary tract infections (UTI), from 252.3 million in 1990 to 404.6 million in 2019. Additionally, according to the same study, global deaths due to UTI rose by 140.2% from 1990 to 236,790 in 2019. Hospital-acquired infections can be attributed to the use of unsterilized medical equipment such as catheters. The high mortality rates have raised concerns about patient safety, leading various government regulatory bodies worldwide to issue guidelines to mitigate the prevalence of these infections.
Region-Wise Classification of the Sterilization Equipment Market:
- The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)
• North America (United States, Mexico, and Canada)
• South America (Brazil, Argentina, Dominican Republic etc.)
• Europe (Germany, Russia, UK, Italy, France, etc.)
• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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• The global Sterilization Equipment Market research report studies the latest global market trends, up-to-date and thorough competitive analysis, along with various other key features of the worldwide market.
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