Sterilization Technology Market to Receive Overwhelming Hike in Revenues by 2023
The “Global Sterilization Technology Market Research Report 2018” is the latest comprehensive analysis document assists the reader to build effective business strategies. This report provides an in-depth insight covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis.
Global Market for Sterilization technology-Market Overview
Market Research Future (MRFR) confirms that the global sterilization technology market is slated to surge at 8.20% CAGR during the forecast period (2018–2023). Sterilization technologies comprises processes such as gamma radiation, ionizing radiation, thermal sterilization, and many others.
The boost in sterilization technology market can be credited to the increasing prevalence of healthcare-associated infections (HAIs), high demand for less invasive surgical procedures, expanding demand for sterilized pharmaceutical products, and burgeoning aging population. Moreover, escalating demand for minimally invasive procedures and growing number of surgeries have been observed globally, which bolster the market growth.
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Global Market for Sterilization Technology Market – Competitive Dashboard
Feldmeier Equipment Co
Donaldson Co. Inc.
Atec Pharmatechnik GmbH
Sterile Technologies Inc.
Beta Star Life Science Equipment
Global Market for Sterilization technology – Segmental Analysis
By type, the market is segmented into ethylene oxide, ionizing radiation, filtration, thermal sterilization, and others. Ethylene oxide accounts for the maximum market share owing to its high penetration, its exposure time and the strength of the radiation dose. Due to its advantages and growing application areas, the market for ethylene oxide is estimated to amass USD 3824.55 million by 2023.
On the basis of process, the market is segmented into chemical process, physicochemical, synergetic process, and physical process. The chemical process of sterilization is estimated to reach USD 5,677.43 million by 2023. The chemical process of sterilization is highly reliable, cost-effective, and requires very low heat temperature, therefore on account of the pros, it is highly favorable for sterilization.
Key end-users of the sterilization technology market are hospitals and clinics, the pharmaceutical industry, and medical device manufacturers. The growing number of pharmaceutical companies and increasing production of pharmaceutical products can fuel the growth of the pharmaceutical industry.
Global Market for Sterilization technology -Regional Outlook
The largest revenue contributors in the North American region are the United States and Canada. North America held the largest market share of 40.1% in 2017 of the total market and will continue to dominate throughout the forecast period. A large patient pool and rising admissions in hospitals due to patients suffering from chronic illness can influence the market positively in the region.
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The Europe region is bifurcated into Western Europe and Eastern Europe, where the sterilization technology market is thriving. Western Europe comprises of countries like Germany, France, the U.K., Italy, Spain, and the rest of Western Europe, which generates high revenues.
Asia Pacific is the third largest market in sterilization technology and showcases strong potential in the healthcare sector. The key revenue generators in the Asia Pacific are Japan, China, India, Australia, the Republic of Korea, and the Rest of Asia Pacific
Some Points form TOC for Sterilization Technology Market Research:
Report Prologue
Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
- Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
…To be continued
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