Global Sterilization Equipment & Supplies Market is Forecast to Reach US$6.0 Billion by 2020

Rise in Number of Surgeries Drive Demand for Sterilization Equipment and Supplies, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Sterilization Equipment and Supplies markets. Global Sterilization Equipment and Supplies market is forecast to reach $6.0 billion by 2020, driven by the aging population, growing number of surgeries worldwide and growing concerns over the spread of infections.  

Increased emphasis on maintaining hygiene and cleanliness across medical and non-medical industries is helping drive growth in the sterilization equipment and supplies market. Sterilization equipment represents one of the most critical devices in a medical facility as a result of the increasing number of minimally invasive procedures worldwide. Stringent regulatory initiatives taken up by governments across the world to equip hospitals with essential sterilization standards is another major factor propelling hospital administrators to integrate infection control products, including sterilization equipment. Infrastructure upgrades and replacements will continue to offer attractive opportunities for growth as hospitals begin responding to the need for maintaining sophisticated systems and equipment for disinfection.

Sterilization represents a key element in the food manufacturing industry ranging from processing of foods (food irradiation and pascalization) to sterilization of prepackaged foods. With radiation sterilization obtaining FDA approval for processing different types of foods such as poultry, vegetables, pork, and fresh fruits, the potential for gamma sterilization is expected to increase in the near future. Other industries that hold important growth potential for sterilization equipment include electronic components, brewing, sewage treatment, drinking water analysis, and clinical waste disposal. Low-temperature sterilization technique represents the fastest growing sterilization technique driven by its compatibility with heat-sensitive equipment, quicker turnaround time and easy access to wrapped sterile devices and instruments.

Sterilization Equipment and Supplies, the United States represents the largest market worldwide, followed by Europe. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 8.7% over the analysis period. Aging population, increasing number of surgeries, improving consumer disposable income and per capita income, and growing healthcare and hygiene awareness represent key growth drivers in the region.

Major players covered in the report include Steris International, Getinge, 3M Company, Advanced Sterilization Products, Belimed AG, Cantel Medical Corp, Cardinal Health Inc., Matachana Group, Nordion Inc., Sakura SI Co. Ltd., SteriGenics International Inc., Synergy Health, TSO3 Inc., and Tuttnauer Company, among others.

The research report titled "Sterilization Equipment and Supplies: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the market, current market trends, growth drivers, issues, major market players, mergers and acquisitions, and other strategic industry activities. Market estimates and projections are provided in US$ for all major geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), The Middle East, and Latin America (Brazil, and Rest of Latin America). Product markets analyzed include Filtration Sterilization, Heat Sterilization, Low-Temperature Sterilization, and Radiation Sterilization.

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