Growth in the number of surgeries among the population combined with the rising number of hospitals in Asia Pacific has led to the surge for medical sterilization equipment market

Date: 7 March 2016

According to recently published Azoth Analytics report “Global Medical Sterilization Equipment and Services Market: Trends, Opportunities and Forecasts (2016-2021) - (By  Temperature­ High Temperature, Low Temperature,  Radiation; By Sterilization Methods - Dry Heat, Steam, Heated Chemical Vapor, Chemical, Radiation, Glass Bead Sterilizers; By Services – In-House, Contract Sterilization; By Region- North America, Europe, Asia Pacific, Latin America, Middle East and Africa, Key Players, Regulations)”, global sterilization equipment market is forecast to grow at a CAGR of 6.75% during 2016 – 2021F, propelled by the surging number of surgical procedures on account of the growing prevalence of lifestyle associated diseases such as obesity, diabetes, cardiovascular diseases globally. While there are associated guidelines on maintaining proper sterilization standards in developed regions, there is increasing awareness pertaining to maintaining hygienic standards in healthcare facilities in developing regions, and thus, is contributing towards the higher market growth in regions such as Asia Pacific, Latin America, Middle East and Africa.

Among the medical sterilization equipment, moist heat autoclave sterilizer enjoys the major market share due to the convenient set up as well as recurrent usability for medical devices. However, higher percentage of growth is expected in the low temperature sterilization through gamma and electron beam sterilization in the future.  Among the regions, North America is expected to drive the highest revenue while market is expected to be highly optimistic for Asia Pacific due to the rising healthcare measures in the form of opting for surgical procedures as well as the growth in the number of healthcare facilities within the region.

The report “Global medical sterilization equipment Market: Trends, Opportunities and Forecasts (2015-2020F) has analysed the potential of global medical sterilization equipment market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global medical sterilization equipment market. Additionally, the report also highlights market entry strategies for various companies across the globe.