LONDON, March 28, 2017 /PRNewswire/ -- The global sterilization equipment market is expected to reach USD 9.8 billion by 2025, according to a new study by Grand View Research Inc. Increasing number of hospital stays and growing awareness amongst the patient population regarding hospital-acquired infections (HAI) are propelling the market growth at
Further Key Findings from the Study Suggest: Heat sterilization technique dominated the overall market in 2015, as it is the most widely used method for the sterilization of maximum medical equipment In addition, glassware such as flasks, petri dishes, pipette, burette, and glass syringes are the most compatible with heat sterilization Low-temperature sterilization is anticipated to grow at the highest CAGR during the forecast period since the technique is used to sterilize heat-sensitive and moisture-sensitive loads with high efficiency as it destroys even the microorganisms Hospitals segment occupied the largest share in 2014. The segment is also expected to witness the highest growth rate during the forecast period as most of the medical equipment find its application in hospitals. North America dominated the segment with the largest revenue share in 2015 due to greater technological advancement, growing awareness, and highly developed healthcare infrastructure. Increasing number of surgical procedures in hospitals is aggressively propelling the demand for sterilization equipment in North America, which is expected to boost the growth in North America Asia Pacific is anticipated to show a significant growth during the forecast period, mainly due to increasing government initiatives, large pool of patient population, and increasing incidence of hospital-acquired infections Some of the major companies operating in this market are STERIS plc; Getinge AB, Advanced Sterilization Products Services, Inc.; 3M; Belimed; Cantel Medical; MATACHANA GROUP; Sterigenics International LLC; and TSO3. Download the full report: https://www.reportbuyer.com/product/4785485/About ReportbuyerReportbuyer is a leading industry intelligence solution that provides all market research reports from top publishershttp://www.reportbuyer.comFor more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com
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