Sterilization Technologies Global Market was valued at $5,445 million in 2015, and is expected to reach $8,578 million by 2022, growing at a CAGR of 5.8% during the forecast period 2016 – 2022

Research study says global Sterilization Technologies Market was valued at $5,445 million in 2015, and is expected to reach $8,578 million by 2022, growing at a CAGR of 5.8% during the forecast period 2016 – 2022, Request Report Sample@ http://www.researchbeam.com/sterilization-technologies-market/request-sample

Research Beam added report on “World Sterilization Technologies Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Sterilization Technologies Market by Type (Ethylene Oxide, Formaldehyde, Filtration, Gamma Radiation, Electron Beam Radiation, Thermal, and Others) and End User (Pharmaceuticals, Medical Devices, Food & Beverage, Agriculture, Cosmetic, and Others) – Global Opportunity Analysis and Industry Forecast, 2014-2022”

Sterilization technologies are processes used to eliminate all viable life forms including bacteria, prions, viruses, fungi, and spore forms from surfaces of equipment, pharmaceuticals, medications, food ingredients, and biological culture medium. The diversity of sterilization procedures and operating systems has arisen as a result of efforts taken to optimize sterilization to meet varying needs imposed by a wide range of products in different industries. Majority of products in the healthcare facilities and medical device industry are terminally sterilized. Industrial sterilization processes are affected by multiple factors that cannot be controlled absolutely such as number of initial organisms, temperature regulation in every part of equipment, and intrinsic viability of individual microorganism to resist heat.

The global sterilization technologies market is driven by growth in geriatric population, rise in number of hospital-acquired infections, expansion of processed food & beverage market, and increase in adoption of sterilization technologies in medical, and cosmetic industries. Asia-Pacific is the leading region, in terms of growth, due to rise in awareness regarding diseases, improvement in healthcare infrastructure, and expansion of production sites of foreign players. High installation and utility costs associated with sterilization technologies, increase in regulatory pressures, and introduction of disposable devices, such as bandages, syringes, sutures, and gowns, limit the market growth. Continuous advancements in the medical device industry and R&D activities by key leading players are expected to offer opportunities for market growth.

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The sterilization technologies market is segmented on the basis of type, end user, and geography. Based on type, it is categorized into chemical & gas, filtration, ionizing radiation, and thermal sterilization. According to end user, it is divided into pharmaceuticals, medical devices, food & beverage, agriculture, cosmetic, and others (industrial processing, R&D, and restoration & salvage). Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Global increase in economic growth rate is expected to increase the government support for sterilization technologies with an aim to prevent infections.

Market dynamics

Rise in number of hospital-acquired infections (HAI)

HAIs are infections acquired by the patient during the course of medical treatment in a healthcare facility; these include pneumonia, gastroenteritis, and surgical site infections. Appropriate sterilization of medical devices that penetrate body sites, medications, and parenteral fluids is required in the healthcare industry to destroy all microbial life forms, especially spores.

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High cost of sterilization equipment & devices

High cost of maintenance and replacement part of sterilization equipment restrict customers from buying the equipment. Thermal sterilizers continuously require steam, electricity, and water for operation, which increases the overall utility costs.

Key leading players operating in this market include Advanced Sterilization Products Services Inc. (U.S.), Atec Pharmatechnik GmbH (Germany), Belimed AG (U.S.), Getinge Group (Sweden), Nordion (Canada) Inc. (Canada), Noxilizer, Inc. (U.S.), Sterile Technologies Inc. (U.S.), Steris Plc (U.S.), The 3M Company (U.S.), and TSO3 Inc. (Canada).

Other key market players in the value chain (not profiled in the report) include Cantel Medical Corp. (U.S.), Koch Membrane Systems, Inc. (U.S.), Meissner Filtration Products, Inc. (U.S.), Pall Corp. (U.S.), Sartorius Corp. (Germany), JBT Group (U.S.), Allpax Products Inc. (U.S.), API Heat Transfer Inc. (U.S.), Avure Technologies, Inc. (U.S.), Barry-Wehmiller Co. (U.S.), Beta Star Life Science Equipment, Inc. (U.S.), Donaldson Co. Inc. (U.S.), Eaton Filtration LLC (U.S.), Fedegari Autoclavi SpA (Italy), Feldmeier Equipment Co. (U.S.), Food Technology Service Inc. (U.S.), Goodnature Products Inc. (U.S.), Gray Star Inc. (U.S.), IBA Group (Belgium), and LTE Scientific Ltd. (UK).

STERILIZATION TECHNOLOGIES MARKET KEY BENEFITS:

  • ​This report provides a quantitative and qualitative analysis of the current trends and future estimations, through 2014‐2022, which assist in identifying the prevailing market opportunities in different product and application segments.
  • Market trends of major countries in each region are mapped according to market revenue.
  • Top investment pockets are provided to highlight the opportunities in the most lucrative product segment.
  • Factors that drive and restrict the growth of the sterilization technologies market are provided.
  • An in-depth analysis of different regulations within the market is provided.
  • Key manufactures of sterilization technologies are profiled and their recent developments are listed.

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